By John Helmer, Moscow Renco and its subsidiary RG Steel, the defendants in Severstal’s New York court claim, have a month to file their reply, and for the time being they are saying nothing. Bette Kovach, spokesman for RG Steel, and Andrew Shea, spokesman for Renco, say they “will not comment on matters in litigation.” […]

by John Helmer - Sunday, October 16th, 2011
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By John Helmer, Moscow Severstal has issued a claim in US Federal Court (Manhattan Southern District) against RG Steel, a unit of the private American steelmaking group, Renco. Severstal owner Alexei Mordashov (left image) wants it to be known in the Russian media that he thinks he’s been stiffed. But he doesn’t want anyone to […]

by John Helmer - Friday, October 14th, 2011
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By John Helmer, Moscow Now for those who think the appetite for due diligence and accountability deadens the taste for opportunity, the good news from the Russian goldmines comes today from Alfa Bank’s metals analyst Barry Ehrlich, in a set of three fine reports. The global supply and demand balance for gold is stable: the […]

by John Helmer - Tuesday, October 11th, 2011
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By John Helmer, Moscow Oleg Mukhamedshin, the man in charge of raising money and covering debt for United Company Rusal, was spotted last week in London carrying bags into his mansion. This is what has been happening to the aluminium he has been selling:

by John Helmer - Friday, October 7th, 2011
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By John Helmer, Moscow Mikhail Prokhorov – Russia’s no-fault oligarch, according to a dozen people familiar with the matter at Bloomberg – was tossed out of Russian politics for his incompetence last month. Yesterday it turned out that the only company he controls with an international share listing and a positive profit line, Polyus Gold, […]

by John Helmer - Thursday, October 6th, 2011
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By John Helmer, Moscow For long enough already, Roman Abramovich and Boris Berezovsky have been trading mutual recriminations and accusations of bribery, blackmail, extortion, fraud, breach of trust and breach of contract, set out in the latter’s UK High Court claims against the former, so that the biggest surprise at the commencement of the trial […]

by John Helmer - Wednesday, October 5th, 2011
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By John Helmer, Moscow Last week, on September 26, Justice D.M. Brown of the Ontario Superior Court threw out a suit challenging the terms of the White Tiger Gold takeover of Century Mining, aka “the Arrangement”, which has been orchestrated by the Russian duo, Maxim Finsky and his career patron, Mikhail Prokhorov. An oral hearing […]

by John Helmer - Monday, October 3rd, 2011
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By John Helmer, Moscow In the case of the late Andrei Burlakov of FLC West Holding of Luxembourg (middle image), the death weapon was, apparently, what is called травматический пистолет. This can be licensed to be carried by ordinary Joes as a defensive weapon, as if it cannot be lethal. But when fired at the […]

by John Helmer - Monday, October 3rd, 2011
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By John Helmer, Moscow Until now the principal reason Russian businessmen ran for election to parliament was to secure legislator’s immunity from criminal prosecution. Lobbying their business interests into legislation, or drawing money out of the federal budget into their company projects and pockets, didn’t require getting elected or taking a parliamentary seat.

by John Helmer - Wednesday, September 21st, 2011
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1. It looks like there’s going to be a hot autumn in Moscow? Or is that just an illusion due to very vocal electioneering and of course the media accompaniment?

by John Helmer - Wednesday, September 21st, 2011
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