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by John Helmer, Moscow  @bears_with A new presidential decree issued yesterday by the Kremlin ends the special measures for foreign currency and capital control issued since the start of the special military operation in the Ukraine on February 24.   Instead, a special commission of government officials and the board of directors of the Russian Central […]

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By John Helmer, Moscow   @bears_with Catherine Belton (lead image, left), a reporter on Russia for the Financial Times and Reuters, was abandoned this week by her publisher, Rupert Murdoch’s (right) HarperCollins, and obliged to sign an out-of-court settlement in London with Mikhail Fridman and Pyotr Aven of Alfa Bank and the LetterOne group. The publisher has agreed […]

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By John Helmer, Moscow   @bears_with Accused Russian bank robber Vadim Belyaev (lead picture) – US alias Vadim Wolfson – has won an order from the New York State Supreme Court dismissing the claims of his pursuers, National Trust Bank (NBT, Trust) and Otkritie Bank of Moscow, on condition he registers himself as a defendant in the […]

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By John Helmer, Moscow   @bears_with Two Swiss bankers charged with money-laundering crimes in aid of the fugitive Russian banker Sergei Pugachev went before the Swiss federal criminal court last week. The trial was brief;  no reporters were present; and the lawyers are trying to keep the bankers’ names secret. They refuse to say if the verdict […]

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By John Helmer, Moscow   @bears_with Two Swiss bankers will go on trial this week in the Swiss Federal Criminal Court charged with money-laundering offences when they supervised and assisted the movement out of Russia, then  through Switzerland,  of at least 700 million Swiss francs. The money was moved by Sergei Pugachev (lead image, left) between 2008 […]

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By John Helmer, Moscow   @bears_with For the first time, the US-based international media agency Reuters is being sued for lying about Russia in the British High Court. The three defendants in the dock are Catherine Belton (lead image, right); her source, runaway bank robber Sergei Pugachev; and Rupert Murdoch’s publishing house, HarperCollins. Roman Abramovich (left) has […]

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by John Helmer, Moscow   @bears_with US Government officials are protecting some of the largest Russian fraudsters and bank robbers on condition they invest their ill-gotten gains in US real estate, bank accounts, and businesses paying US tax; and also publicly attack the Putin administration for “victimising” them. The latest of these oligarch-sized accused,  Vadim Belyaev (lead […]

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by John Helmer, Moscow   @bears_with All that glisters isn’t gold. But as all Russian goldminers know, when it comes to the reputation of the mining company, its chief executive,  and its share price, glister will do just as well. That has been the view of Suleiman Kerimov (lead image, right) whose Polyus is Russia’s most important […]

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by John Helmer, Moscow   @bears_with Vadim Belyaev (lead image)  is not the first Russian bank robber to take Cyprus citizenship on his way to safe haven in New York City, and then find himself facing a billion-dollar recovery lawsuit from his Russian pursuers in New York Supreme Court.  He is, however, the very first to attempt […]

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by John Helmer, Moscow   @bears_with It was the 412th of Francois de la Rochefoucauld’s maxims that doesn’t stand the test of either time or money. “Whatever degree of disgrace we may have brought upon ourselves,” he said, “it is always within our power to re-establish our reputation.” For years Mikhail Fridman and Pyotr Aven, the controllers of […]