Arab Today, arab today \exstasi agent\ heads russia\s rusal board
Last Updated : GMT 21:45:48
Arab Today, arab today
Arab Today, arab today

\'Ex-Stasi agent\' heads Russia\'s Rusal board

Arab Today, arab today

Arab Today, arab today \'Ex-Stasi agent\' heads Russia\'s Rusal board

Moscow - AFP

The world\'s largest aluminium producer Rusal on Monday appointed Russian President Vladimir Putin\'s old KGB friend and former member of East Germany\'s Stasi security service as its chairman. Matthias Warnig\'s promotion marks only the latest step up the ladder of major Russian business for the former Dresdner Bank Group member. The 57-year-old already serves as managing director of the Nord Stream AG operator of Russia\'s new Baltic Sea natural gas pipeline to Germany that was unveiled last year. He is also the chairman of the Transneft state oil pipeline monopoly and board member of the Rosneft energy giant as well as two major banks and smaller companies. Warnig replaces interim chief Barry Chung at the seat of power of tycoon Oleg Deripaska\'s major holding -- a company in crisis because of raging disputes over how to handle more than $10 billion of debt incurred in the 2008-2009 financial crisis. \"Mr. Warnig has significant public company experience having served on the board of several leading international companies,\" Rusal said in a statement. \"He has an excellent knowledge of Russian and international business and an in-depth understanding of the financial, energy and commodity industries.\" Deripaska\'s En+ Group through which he controls Rusal pointed to the unanimous boardroom vote as \"an example of constructive cooperation\" that follows the resignation of former powerful board chair Viktor Vekselberg. It was Vekselberg\'s shock decision to step down in March that originally exposed the extent to which Russia\'s richest men disagreed over ways to manage production of nine percent of a metal that goes into everything from autos to planes. Vekselberg at the time said Rusal was in \"deep crisis.\" Deripaska then went on to sell top oversees production units as a cost-cutting measure that sparked even more displeasure from minority shareholders. The appointment should now make it easier for Rusal to maintain close terms with the Kremlin at a point when it is trying to stave off disintegration. Warnig has long been reputed to have special personal ties to Putin despite his refusal to go into the subject in any great detail. The strongman leader has seen several of his old school friends and acquaintances claim top posts in business and government since first rising to power in 1999. Critics condemn this as cronyism but Putin himself -- viewed as the ultimate arbiter in Russian business disputes -- has dismissed all charges. Warnig has been linked to Putin repeatedly by both Russian and Western media over the years. One former Dresdner Bank executive told The Wall Street Journal in 2005 that Warnig had alluded to his Stasi connections but that German investigators eventually dropped the case. The Wall Street Journal said at the time that Warnig and Putin -- a former Soviet intelligence agent who was based in Dresden -- jointly recruited East Germans to work for the KGB. Moscow\'s Kommersant business daily reported that Warnig became a Stasi major before retiring in 1989 in the months preceding the fall of the Berlin Wall before switching his focus on Russian business. The official biography released by Rusal featured a gap in Warnig\'s career between his university graduation in 1981 and 1993. The Wall Street Journal said he opened the first Dresdner Bank in Putin\'s native city of Saint Petersburg in 1991 and in 2008 was appointed to the board of Bank Rossiya -- a lender founded by Putin\'s friends.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today \exstasi agent\ heads russia\s rusal board Arab Today, arab today \exstasi agent\ heads russia\s rusal board

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday