Comment / Against the odds: Gefco – would you, Emmanuel?

I rarely get political, knowing as I do that politics play a pivotal role in corporate finance affairs and many other aspects of my personal and business life.

But as I keep reading about the efforts made by Western governments to seize Russian oligarchs’ yachts, homes and jets, I wonder why a sizeable Russian stake – that of Russian Railways (RZD) in France’s Gefco, likely worth on paper at least a couple of billion US dollars – doesn’t become a primary ...