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By John Helmer, Moscow Why would Roman Abramovich and his pals decide to buy a small steelmaker in South Africa at a price that would add to their debt by the very same amount they offloaded last year on to share buyers, so as to keep their debt-to-earnings ratio down, and their bankers sweet? That’s […]

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By John Helmer, Moscow On October 12, 2004, Sergei Frank, a former federal Minister of Transport, was appointed chief executive of Sovcomflot, Russia’s largest oil tanker company and one of the top five in the world. Frank confirmed, said the company on its website, “that the Company’s management will take all necessary steps to enhance […]