Putin’s Cousin Now Vice-President of Master-Bank

Russian Prime Minister Vladimir Putin’s cousin Igor Putin has been appointed Vice-President of Master-Bank.

The bank declined to comment further on what criteria a relative of the prime minister has to be appointed to such a high post. 

Igor Putin does not have much experience in the banking sector; however, since May 2007, Igor Putin has sat on the Board of Directors of AVB Bank, reports Russian paper Kommersant.

Apparently, the newly appointed vice-president is going to combine his work at AVB with Master-Bank, since the question of his resignation from the AVB board has not yet been discussed.