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Oil: ‘Something far more serious is going on,’ says analyst

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The New York Times

Russian Tycoon Criticized Putin’s War. Retribution Was Swift.

Oleg Y. Tinkov was worth more than $9 billion in November, renowned as one of Russia’s few self-made business tycoons after building his fortune outside the energy and minerals industries that were the playgrounds of Russian kleptocracy. Then, last month, Tinkov, the founder of one of Russia’s biggest banks, criticized the war in Ukraine in a post on Instagram. The next day, he said, President Vladimir Putin’s administration contacted his executives and threatened to nationalize his bank if it d

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