Sky News has learnt that Mr Rolet, a French national, is on the verge of quitting as chairman of London-listed PJSC PhosAgro, where he has sat on the board for four years
He also heads a special purpose acquisition company established to find a privately held merger target and take it to the public markets.
Among the citations referred to in his biography on the PhosAgro website is the Order of Friendship of the Russian Federation, underlining his standing in Moscow.
"The logic of using the weight of sanctions, boycotts and public pressure to punish LSE-listed companies for failures of policy and negotiation frankly eludes me," he wrote."But it certainly has a better track record at communicating, negotiating and managing governance on a global scale than the political class."
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