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Russia
Russian gold king Grachev tries to distance himself from the heirs of Putin's entourage

Pavel Grachev, Chief Executive Officer at Russia's largest gold producer Polyus, in Moscow on December 6, 2018.
Pavel Grachev, Chief Executive Officer at Russia's largest gold producer Polyus, in Moscow on December 6, 2018. © Maxim Shemetov/Reuters
Pavel Grachev, head of the troubled gold mining company Polyus in London, has distanced himself from the Russian conglomerates run by the heirs of security officials close to Vladimir Putin. [...]
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The recent development project of the mining company KAZ Minerals, led by Kazakh businessmen Oleg Novachuk and Vladimir Kim, has attracted the attention of the Russian government. This openness towards Kazakhstan fits perfectly with the target of developing the Northern Sea Route, as well as giving Rosatom the opportunity to win new contracts with Nur-Sultan.

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Vladimir Kim (left) and Oleg Novachuk in Hong Kong, June 2011.

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