Russia bails out one of its richest citizens, allowing Mikhail Friedman's Alfa Group to tap its...

|By:, SA News Editor

Russia bails out one of its richest citizens, allowing Mikhail Friedman's Alfa Group to tap its $50B rescue fund to repay a $2B loan. The move, which could be the first in a shakeout of Russia's oligarchs, saved Friedman from forfeiting his 44% stake in one of Russia's major cellphone service providers.