If you have been following the shadowy shell game of the who own’s the recent shares of 19.5% of Russia’s Rosneft Oil. Here’s an excerpt from Reuters 1/25/17..
“MATRYOSHKA DOLL
Like many large deals, the Rosneft privatization uses a structure of shell companies owning shell companies, commonly referred to in Russia as a "matryoshka", after the wooden nesting dolls that open to reveal a smaller doll inside.
Following the trail of ownership leads to a Glencore UK subsidiary and a company that shares addresses with the Qatari Investment Authority, but also to a firm registered in the Cayman Islands, which does not require companies to record publicly who owns them.”