The arrest of one of Russia ’s oldest billionaires is sending shivers down the backs of business owners already reeling from U.S. and European sanctions over President Vladimir Putin ’s policies in Ukraine. A decade after Mikhail Khodorkovsky ’s imprisonment led to Russia’s largest nationalization since the Soviet era, the prosecution of Vladimir Evtushenkov, 65, may prod businesses to pull even more money out of an economy on the verge of recession and relocate abroad, Alexander Shokhin , who lobbies on behalf of the country’s largest companies as head of the Russian Union of Industrialists & Entrepreneurs, said yesterday. Evtushenkov was charged with money-laundering and placed under house arrest two days ago, triggering a sell-off in shares of his companies, including AFK Sistema, and slicing his net worth by a third, to $4.5 billion, according to the Bloomberg Billionaires Index. Evtushenkov denies the charges. “This event could set a […]