By John Helmer, Moscow What is a bonus worth if it’s a promissory note for a value that is sinking towards zero in the short term, and cannot be converted to cash or dividends for years? How much loyalty would a zero-value note be expected to attract? On July 4, Rusal disclosed to the Hong […]

by John Helmer - Friday, July 5th, 2013
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By John Helmer, Moscow Swiss and French financial police have searched offices or homes in France as part of what the spokesman for the Swiss Attorney-General calls “our Uzbek case”. According to Jeannette Balmer, “perquisitions [searches] have been made in France on our request.” She declines to say when the searches were conducted, the addresses […]

by John Helmer - Thursday, July 4th, 2013
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By John Helmer, Moscow Koros Trading Limited Liability Partnership (LLP), a false front company created in London to receive regular monthly payments of millions of dollars from Rusal, the Russian aluminium monopoly, has been struck off the UK Companies Register for failing to report its annual revenues and income. Details of Koros transactions have revealed […]

by John Helmer - Tuesday, June 25th, 2013
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By John Helmer, Moscow It has been known for a long time that the British Government Communications Headquarters (GCHQ) has been intercepting millions of Russian telephone calls, SMS texts and internet traffic, along with the communications of other target nationals, including Americans and the British themselves. Older eavesdropping operations, such as ECHELON, have been documented […]

by John Helmer - Sunday, June 23rd, 2013
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By John Helmer, Moscow Rusal’s share price collapsed through the four-dollar threshold today, as the release of results at Friday’s Annual General Meeting (AGM) of Rusal shareholders revealed that the company is planning to use its shrinking cash reserves to try to prop up its share price. In a dramatic warning issued in Moscow at […]

by John Helmer - Monday, June 17th, 2013
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By John Helmer, Moscow “It is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God” – Jesus Christ After the ancient Jewish preachers spoke of improbability as elephants trying to navigate needles, the Christians slimmed down to camels. But there was […]

by John Helmer - Tuesday, June 11th, 2013
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By John Helmer, Moscow What can have motivated Vladimir Yevtushenkov (image right) of the Sistema conglomerate of Moscow to hire for his board of directors last week a man who is a magnet for negative British press coverage, and who was judged last year by the UK High Court for an action brought, and lost, […]

by John Helmer - Monday, June 3rd, 2013
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By John Helmer, Moscow The share price of United Company Rusal, the state-controlled Russian aluminium monopoly, lost 3% in value in Hong Kong Stock Exchange trading on Monday on news that Barry Cheung, a prominent Hong Kong businessman, had resigned from the Rusal board as his own business collapsed, and that he was the target […]

by John Helmer - Monday, May 27th, 2013
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By John Helmer, Moscow According to Russian-language records and a Tashkent party film published by Stockholm television last week, Alisher Usmanov held the hand of Gulnara Karimova and whispered intimately to her just days after the latter had been making plans to collect millions of dollars in payments from Swedish telephone company, TeliaSonera. Karimova is […]

by John Helmer - Monday, May 27th, 2013
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By John Helmer, Moscow Tethered high above Victor Pinchuk’s newest steel smelter at the Interpipe plant, visible for miles around the eastern Ukrainian city of Dnepropetrovsk, is a large balloon. It’s meant to symbolize what the Interpipe website is calling the smelter’s state-of-the-art technology — “the construction plant has no harmful effect on the atmosphere […]

by John Helmer - Thursday, May 23rd, 2013
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