It all started with such promise. When the first Russian companies dipped their toe in London’s financial markets 20 years ago after the collapse of the Soviet Union, they were welcomed with open arms.
For City bankers, lawyers and PR experts, Russian oil and mining companies offered a lucrative new source of fees. For the British government, they offered a chance to burnish London’s reputation as the world’s financial capital, while cementing ties with the Kremlin at a time when, buoyed by rising oil prices, Russia’s economy was recovering from its post-Soviet malaise.
Now, amid tightening sanctions and growing political tension over Russia’s actions in Crimea, Syria and the poisoning of Sergei Skripal and his daughter Yulia, there are growing questions over the City’s ties…
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