Financial Times FT.com

Russian presidential election

Kremlin moves to regain control of business

By Catherine Belton in Moscow

Published: February 7 2008 00:12 | Last updated: February 7 2008 00:12

Moscow is this year fielding an army of officials to retake key posts on the boards of the biggest companies, as the Kremlin tightens its grip on publicly traded assets worth more than $469bn.

The government has nominated Igor Sechin, deputy chief of staff in the Kremlin, as a candidate for the board of Rosneft, the state-controlled oil group, while Viktor Zubkov, prime minister, this week became the highest-ranking public official on the list of candidates for Gazprom’s board.

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