Luzhkov to Head United Oil and Chemical

Former Moscow Mayor Yury Luzhkov may return to big business and take up a post as head of a large oil holding company, the online TV channel Dozhd reported on Tuesday.

Shareholders of the United Oil and Chemical Company are expected to appoint Luzhkov as company chairman, at their annual meeting on Tuesday.

Luzhkov who was fired by then-President Dmitry Medvedev in the fall of 2010 over “a lack of trust,” expects to take up the post and get a share in the company.

Some experts say Luzhkov’s comeback may be attributed to the return of Vladimir Putin to the presidency. Luzhkov had previously expressed ambitions to run for president, and may have been seen as a threat to the ruling political establishment during the run-up to the elections in 2011.


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