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Resource ID: #15955
Subject: Art
Source: ARTnews
Affiliation: 
Date: April 1999

$0.00

Description

ARTNews reports that "the sale of the Lomonosov Porcelain Factory in St. Petersburg, Russia, to foreign investors was opposed by Russian cultural figures. The fate of the factory's museum of priceless ceramics was uncertain. (The) investigation revealed that the factory had been privatized in an extremely questionable way and had involved some shady characters. The US government was involved because some of the investment money came from a government agency, USAID. A major private investor was Kohlberg Kravis & Co. (KKR)."

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