Putin's pal's ownership stake raises questions about Ener1 DOE loan
Gassenheimer attributes this situation emerging as an issue as an attempt at market manipulation by a short seller and we note that Zingarevich's involvement in the company has been public knowledge for years. Now though, Ener1 is competing for a $480 million piece of Department of Energy loan pie and issues such as this might play a role in the final decision. Certainly, some people approached by Barron's for their opinion on the issue claim to have concerns. Frank Gaffney, president of the Center for Security Policy and former aide to strident Cold War anti-communist and Neo-Con influencer Henry M. Jackson, says, "...it's insanity to be building a national battery infrastructure in the pockets of the oligarchs of the past and future Soviet Union." Perhaps a bit over the top but politics has been said to be all about "appearances." So, how does this situation appear to you?
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