These oligarchs are paying for Russia's slide The combination of sanctions, the falling ruble and continuous slide in oil prices is chopping billions from the fortunes of Russia's richest men. Who's taking the biggest hit?
| By: Robert Frank
Few oligarchs can beat Russia's weakening economy MOSCOW, Dec 11- Russia's oligarchs are no strangers to misfortune, asset grabs, forced investments and financial crises. Even those close to President Vladimir Putin are not shielded from plunging oil prices and the economic downturn. Gas producer Novatek, in which an investment vehicle belonging to sanctioned Putin ally Gennady Timchenko has a 23 percent...
| By: Jason Bush
Russian buys Watson's Nobel to give it back MOSCOW- Russia's richest man says he has bought James D. Watson's Nobel Prize medal at Christie's in order to return it to the scientist. Alisher Usmanov, a metal and telecommunications tycoon worth $15.8 billion according to Forbes magazine, said in remarks carried by Russian television Tuesday that when he learned that Watson was selling the medal for...
Source: The Associated Press
Arsenal a dream that becomes a pain: Top shareholder Alisher Usmanov, chairman of USM Holdings and one of the top shareholders in Arsenal soccer club, discusses why he is unhappy with the team's performance, and why it is "challenging" to accept the mistakes of manager Arsene Wenger.