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One of Russia’s biggest investors in Crimea is arrested in Moscow

Source: Agentstvo

Piotr Nidzelsky became one of Russia’s biggest investors in Crimea after Moscow annexed the peninsula in 2014. On Wednesday, police in Moscow arrested him on charges of large-scale fraud. The details of the case and the nature of the alleged crime are still unreported.

Nidzelsky, who served from 1994 until 2004 as a deputy energy minister in Russia’s federal government, will face up to a decade behind bars. In 2015, Nidzelsky’s Southern Energy Company acquired a majority stake in KrymTETs, Crimea’s largest conventional energy producer.

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