Back in 2006, an energy company called Rosneft floated itself on the London Stock Exchange. Even for a Russian company, its prospectus, as I noted at the time, contained some unusual warnings. "Crime and corruption could create a difficult business climate in Russia," the document noted; some directors' interests "may cause Rosneft to engage in business practices that do not maximize shareholder value".
Reported by Independent 4 hours ago.
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