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Russian economic development minister detained over corruption

Xinhua, November 15, 2016 Adjust font size:

Russian Economic Development Minister Alexey Ulyukayev has been detained over corruption involving a bribe of 2 million U.S. dollars, the Russian Investigative Committee said Tuesday.

Committee spokesperson Svetlana Petrenko said Ulyukayev received the money for a positive assessment the ministry made, which allowed state-run Russian oil company Rosneft to complete a deal on purchasing the government's 50-percent stake in the oil company Bashneft.

Investigators plan to charge Ulyukayev soon, who was appointed the economic development minister in 2013. Endi