Posted on 14/01/09
An oligarch stumbles, a tiny nation suffers
ROME -- The financial distress of Oleg Deripaska's aluminum business in Montenegro is threatening to turn the hottest economic growth story in the Balkans into the next Iceland.The Russian oligarch, through his En+ Group Ltd. subsidiary, has told the Montenegrin government it cannot afford to keep the aluminum refinery, Kombinat Aluminijuma Podgorica, known as KAP, operating at a loss and is likely to close the entire operation unless it receives financial support in a hurry.
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