Putin Son-in-Law Gets Cheap Gov’t Loan

Vladimir Putin’s son-in-law will benefit from $1.75 billion in low-interest financing from Russia to help fund a petrochemical project at a company in which he is heavily invested, Reuters reported Wednesday. Kirill Shamalov is married to Putin’s youngest daughter and a major shareholder in Sibur, the company that received the loan. The money came from Russia's National Wealth Fund at a 2 percent interest rate—far less than the going rate of more than 7 percent—and will go toward building a new plant in Siberia.