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In bed with Kremlin

In bed with the Kremlin

Swedish business in Russia

by ANDRIUS TAPINAS

October 2011. Moscow. Russian President Dmitry Medvedev makes a fast entrance to the Red Hall of the Kremlin Palace. Everybody rises to their feet. The President is in a good mood, he immediately asks Cristina Stenbeck, chairman of the board of directors of Swedish company AB Kinnevik, to have a translator on hand “just to understand her better”. This is an unprecedented event – the President of Russia meets the biggest local and foreign shareholders and investors in Russian media. MTG, owned by AB Kinnevik, is the only foreign company to have a majority stake in a major Russian TV channel.

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