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Former Chancellor George Osborne has won his first bit of business as an investment banker with a firm set up by a Russian oligarch who once hosted him on his yacht.
Osborne joined boutique advisory firm Robey Warshaw in April and thanks to his contacts the firm is now advising Russian aluminium giant Rusal.
Rusal is a subsidiary of London listed EN+, a metals company founded by oligarch Oleg Deripaska in 2002.
Deripaska, who is sanctioned by the US, was already acquainted with the former Chancellor, having hosted him on his yacht off Corfu in 2008.
Former Chancellor George Osborne has won his first bit of business as an investment banker with a firm set up by a Russian oligarch who once hosted him on his yacht
However, according to the Financial Times, it was thanks to his relationship with Greg Barker, EN+ chairman, that he was able to secure the business.
Barker served as a minister in David Cameron's coalition government before leaving the Commons in 2015 and taking a peerage as well as a role at the company.
EN+ and Rusal were hit by US government sanctions in 2018 over