Akhmetov is the owner of closely held System Capital Management. Most of SCM's assets are concentrated in Ukrainian metallurgy, mining and energy, including a 71 percent stake in Ukraine's largest steel manufacturer. The company also owns interests in commercial real estate, land, telecommunications and financial operations.
Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance. For those feeling squeezed out, a Swiss private bank is offering a side door to the market.
President Vladimir Putin said he would ease the way for Ukraine’s May 25 presidential election by pulling back Russian troops, though his Defense Ministry said they wouldn’t finish withdrawing until a week after the vote.
Ukrainian billionaire Rinat Akhmetov urged people to stand up against separatist rebels in his strongest statement against the rebels to date, as the crisis in the country’s eastern regions shows signs of abating.
Ukrainian insurgents stormed a post on the border with Russia to free a rebel leader detained by frontier guards and reiterated their intention to join Russia after they stayed away from national talks to solve the crisis.
NATO Secretary General Anders Fogh Rasmussen said President Vladimir Putin’s assurances that Russia has no plans to intervene further in Ukraine can’t be believed, amid continued unrest in the run-up to the May 25 election.
Russia’s foreign minister said Ukraine is sliding into a civil war that could make it impossible to hold legitimate elections, as Ukrainian leaders and their international allies blamed Russia for the violence.
When Swiss prosecutors knocked on the door of DTEK Trading SA’s Geneva headquarters in February, they were on the trail of Rinat Akhmetov, Ukraine’s richest man. The billionaire, who controls the coal broker, was 2,000 miles away in Donetsk, Ukraine, brokering peace after protests had pushed Viktor Yanukovych, the country’s president -- and a longtime ally -- into exile.