Russia’s Economy Minister detained for corruption


russian-economy-minister-fw_World News Tomorrow – Foreign News

In the run-up for the presidential elections in Russia in 2018, Russia’s economy minister Alexei Ulyukayev has been detained being accused of a 2 million Dollar extortion in return for approving Rosneft, Russia’s biggest oil company, a 50% stake in oil producer Bashneft.

Russian Economy Minister Alexei Ulyukayev denied all allegations on Tuesday after he was being set up in a sting by Russia’s security service. If he is to be found guilty he can be convicted to 15 years of jail.

Sources imply a hidden war between factions in the Kremlin as the cause for the sting behinf this arrest. As a result this could very well become a more open battle.

Is this a sign of cold war practices coming back to stage or is this a singular event where Russia shows it doesn’t accept these practices from a Minister?

By editor in Chief


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  1. There is a slight but important mistake in the above article, which was done by many western newspapers.
    Aleksey Ulyukaev is the Russian Minister of “Economic Development”, not the Minister of Economy.

    The real power horse here lies in the Ministry of Finance.

  2. So, it’s crony politics when caught in a sting? He may actually go to jail? What a novel idea, prosecuting and jailing a crook. What will the Russians come up with next? This just doesn’t happen in a civilized society!…like the western countries….we give them golden parachutes, raises and cushy gov jobs, which translates to really cushy corporate jobs…c’mon Russia, get with the program.

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