Oil to telecomms giant Sistema can count on government support

Oil to Telecomms giant AFK Sistema, controlled by chief executive Vladimir Yevtushenkov, a brother-in-law of Moscow Mayor Yuri Luzhkov, is at the forefront of Russian technology deals with Europe and India. Yevtushenkov controls 62% of Sistema, the largest public diversified financial corporation in Russia and the CIS, which manages companies serving over 100 million customers in the sectors of telecommunications, high-tech, oil and energy, radio and aerospace, banking, real estate, retail, mass-media, tourism and healthcare services.