“Beyond were the skyscrapers of the International Business Centre, symbols of the new, resurgent Motherland. Failure was a word that left a bitter taste in his mouth. His own failure, and that of those working for him. It could not be otherwise. If failure had been easy to accept, he wouldn’t have reached his current position as the Chief Executive Officer of Rosvolgabank, far less held it for the last four years. The bank was a hybrid, partly state-owned but mostly in the hands of private share...holders, many of whom themselves held high office in the Moscow bureaucracy. Some of them were in the Kremlin itself. The bank had helped fund one of the biggest weapons-development programmes of the Russian military, the Orkotsk Project, to the tune of seventy billion US dollars. In return, the Russian Duma, the parliament, had smoothed the way for the Rosvolgabank to corner the market in Russia’ newest territorial acquisition, the Crimea, since its annexation last spring. It was fair to say that the Rosvolgabank, and Kyrill Grabasov, had an amicable relationship with the political leadership in Moscow.MoreLessRead More Read Less
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