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 ...

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