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Russia funded Facebook and Twitter investments through tech magnate
Russia's entanglement with American social networks just got decidedly complicated. Leaked documents obtained by the Guardian (among other outlets) have revealed that two state-owned Russian institutions, the oil giant Gazprom and VTB Bank, funded investments in both Facebook and Twitter through Russia-born tech luminary Yuri Milner's investment company DST Global. VTB's contribution was a relatively direct $191 million in shares, while Gazprom's investment wing backed an "opaque" offshoring company (Kanton) that ended up holding $1 billion in Facebook shares.
