Putin Rules Out Asset Grab After Billionaire’s Arrest

October 2, 2014 2:08 PM

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Russian President Vladimir Putin sought to assuage investors concerned about potential limits on capital flow and the growing role of the state in the sanction-hit economy, teetering on the brink of recession.

The Russian leader told investors at a forum in Moscow today that there wouldn’t be a “mass review” of state asset sales, while saying he won’t intervene in individual cases. He was answering a question about a lawsuit to return regional oil producer OAO Bashneft (BANE) to state ownership.

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