Should the City be sending money into Putin’s banking system?
This is an extract from Martin Vander Weyer’s ‘Any Other Business’ column. In connection with the receding possibility of a London Stock Exchange listing for Saudi Aramco, I wrote that the City authorities’ apparent eagerness to accommodate companies ‘from places not best known for their accounting standards, business probity or general attachment to democracy and the rule of law’ smacked of Brexit-driven desperation. Russia was one of the places I had in mind. Now along comes a listing candidate that rings more alarm bells than the secretive Saudi oil giant. The company concerned is called EN+ Group, and it is the first Russian entity to come to the London market