A Russian company called Rusinvest bought the Antipinsky Refinery and several oil fields in the Volga Urals region that came with it for 110.87 billion rubles (equivalent to 1.5 billion USD). Although at first glance the transaction might seem completely innocuous, there are many stumbling blocks upon closer inspection. One needs to keep in mind that Antipinsky is the first – and thus far only – refinery to be built from scratch in Russia’s post-Soviet history. And it is exactly this refinery that was bought by a one-person company…
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