Sberbank — a state-controlled bank that is on the sanctions list and that sponsored Mr. Trump’s Miss Universe contest in Moscow in 2013 — is also a McKinsey client. Yet another state-owned bank under sanctions, VTB, agreed to pay McKinsey about $4.4 million in 2017 to develop information technology. McKinsey says it takes jobs in Russia — or anywhere in the world — only when it believes it can make a positive contribution. McKinsey also says its consulting is not political in nature, but focused on helping people lead better lives. In Russia alone, it upgraded Aeroflot, the national airline, improved traffic flow in Moscow and improved worker safety.

Source: New York Times December 15, 2018 17:06 UTC