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Posted AT 12:01 AM EST on 19/08/08

An oligarch's Montenegro miasma

ERIC REGULY

From Tuesday's Globe and Mail

PODGORICA, MONTENEGRO — Oleg Deripaska didn't become Russia's richest man by making mistakes. But an investment in tiny Montenegro got the better of him, proving that even business-savvy oligarchs can stumble. The chairman and owner of Basic Element, Russia's biggest industrial and resources group, Mr. Deripaska is a remarkable success story.

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