By John Helmer, Moscow

Oleg Deripaska (left), chief executive of the Russian state aluminium monopoly Rusal, makes a practice of thriving when everyone else is suffering. That’s because the Russian government and the state banks cast a more protective cover over heavy debtors when times are bad than when times are better.

Rusal owes $9 billion, a sum that has been greater than its stock market capitalization for much of the past year. But since January 1 Rusal’s share price has been doing so well, the company has issued notices to the Hong Kong Stock Exchange claiming it is innocent of any hanky panky. If Deripaska isn’t protesting too much, what then is driving Rusal’s apparent recovery so far this year?
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by Editor - Tuesday, February 24th, 2015
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By John Helmer, Moscow

Victor Pinchuk, the Ukrainian oligarch who took sides for the European Union (EU) against Russia, is running out of money, company officials admitted last week in a confidential briefing.

Pinchuk has been forced to provide his company with $20 million in emergency cash to stave off insolvency, but bondholders and banks owed more than $1 billion have not been paid. Although company officials admit that Interpipe, their pipemaking business in Dniepropetrovsk, has not been attacked directly by the fighting in Donbass, they say they are now cut off from supplies of scrap steel for smelters, electricity, and coal from Lugansk and Donetsk. As a result, Pinchuk is now planning to lay off at least 3,000 workers – one-fifth of his Dniepropetrovsk workforce. A brewing worker rebellion and bankruptcy action by unpaid bondholders are part of what one Interipe executive calls Pinchuk’s “fundamental risk”.

The timing of the disclosures could not be worse for Pinchuk, or for Dniepropetrovsk — until now the bastion of Igor Kolomoisky, Pinchuk’s commercial rival and governor of the region. Pinchuk was the target in the US last week as US newspapers opened investigations into the flow of money Pinchuk has directed to the Clinton Foundation, and to lobbying for commercial and political favours from Hillary Clinton and State Department officials directing the Kiev administration.

According to Interpipe sources, neither the EU nor the US is buying enough Pinchuk pipes to offset the shutout in the Russian market, and the collapse of demand in Azerbaijan and Kazakhstan. The drop in the global oil price has triggered sharp cutbacks in oilfield spending and pipe demand in the US and the Middle East. The American shale oil boom has proved no good for Pinchuk too, because shale oil drilling requires premium pipes which Interpipe doesn’t manufacture.
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by Editor - Sunday, February 22nd, 2015
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By John Helmer, Moscow

The UK Serious Fraud Office (SFO) and the Central Criminal Court have reported that Nikolai Zlochevsky, a Ukrainian businessman and twice the minister of state for oil and gas licences, is the controlling shareholder of the Ukrainian gas producer Burisma. So what are employees of Igor Kolomoisky, warlord of Dniepropetrovsk and controller of the Privatbank Group, doing as the shareholder representatives on the Burisma board?

Kolomoisky isn’t the accommodating, retiring, passive sort, say sources who work with him. Zlochevsky has the more bending character of the two, the sources claim. So is Burisma their cooperative and joint venture, or is Zlochevsky Kolomoisky’s front-man, just as others were for Zlochevsky in the ten-year history of Burisma’s acquisition of valuable oil and gas prospects.
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by Editor - Thursday, February 19th, 2015
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By John Helmer, Moscow

Burisma, an influential Ukrainian oil and gas company with disputed ownership involving Nikolai Zlochevsky and Igor Kolomoisky, is under criminal investigation in the UK. But you wouldn’t know it from a release issued by the company on January 22. According to Burisma, “Britain closed criminal proceedings against the assets of Nikolay Zlochevskyi [sic]. The case was closed after the Court analyzed the period from 2002 to December 2014 for alleged illegality of the source of funds of companies the ultimate beneficiary of which was Nikolay Zlochevskyi [sic] and ‘found no grounds for further consideration of the case’, said the Central Criminal Court of England and Wales decision.”

A statement issued yesterday by the Serious Fraud Office (SFO) in London, which initiated the criminal proceedings against Zlochevsky in April of 2014, said its investigation of Zlochevsky and Burisma is “ongoing”. The SFO regrets, it added, that unexplained changes of position by the state prosecutor in Kiev led to last month’s court judgement. “We are disappointed,” said the SFO spokesman, “we were not provided with the evidence by authorities in the Ukraine necessary to keep this restraint order in place. Our criminal investigation continues.”

No trace of Burisma’s “no grounds” quotation from the court judgement can be found.
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by Editor - Thursday, February 19th, 2015
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By John Helmer, Moscow

South African government officials have attacked Russia’s bid to supply South Africa’s new nuclear reactor programme, accusing Rosatom, the state nuclear power agency, of imposing financially and legally disadvantageous terms which the South Africans, speaking anonymously, term “scary”.

The attack was launched Friday in the Mail & Guardian, a local newspaper associated with the Guardian of London. Just one SA Government official, Enver Daniels, the chief state law advisor in Pretoria, was identified as behind the allegations. Speaking anonymously to the newspaper also was a group identified as “numerous”, and representing the SA ministries of energy, international relations, trade and industry, and the treasury.

The SA officials launched their attack on Rosatom after the full text of the Rosatom agreement on nuclear cooperation with South Africa was discovered openly published on a Russian Foreign Ministry website. The SA Government continues to keep the text of the Rosatom agreement classified. The accusing officials are also familiar with the terms of rival nuclear cooperation agreements signed with the French state company Areva, and with the Chinese government, in collaboration with the US. The SA officials are keeping silent on the terms of these pacts, and on a lobbying campaign by the US and France to drive the Russians out of the running for the $50 billion contract, the largest state procurement in SA history.
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by Editor - Monday, February 16th, 2015
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By John Helmer, Moscow

It is eleven weeks since President Vladimir Putin visited Brisbane, Australia, for a summit meeting of the G20 states. Putin was escorted in the Coral Sea, east of Brisbane, by a Russian Navy flotilla making the longest deployment of the Russian surface fleet ever displayed. Including Russian submarines shadowing the flotilla, this was also the most powerful Russian force ever to practice aiming at targets on the Australian continent operated by the Australian Defence Forces, the US military, or the two at bases they operate together.

Because these bases run in secret, most Australians had no idea what was happening, and what was changing. The Australian media – controlled by three proprietors — Rupert Murdoch; the government; and until February 6 a mining oligarch called Gina Rinehart — didn’t alert them. For the story the Australian and Russian press didn’t report, click.

The Russian Navy off the Australian east coast in November was armed with ballistic and cruise missiles, with nuclear warheads capable of striking every US warfighting base on the Australian continent, plus the Australian cities. Like Putin, the flotilla withdrew northwards to base on November 16. They left behind a death ray which is destroying the local politicians most hostile to receiving Putin at the summit.
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by Editor - Sunday, February 15th, 2015
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By John Helmer, Moscow

Timothy Colton, a Russia expert at Harvard University in the US, has admitted he has been engaged in research on Russia’s leaders as part of the Pentagon’s top-secret Operation BODY LEADS. Top-secret, that is, until last week’s disclosure of the operation to investigate President Vladimir Putin’s and Prime Minister Dmitry Medvedev’s brains from their body movements and other evidence gathered under cover by academics and journalists. According to Colton, “I was not and never have been in any way a clandestine military contractor. I have never had a security clearance, and I have never conducted classified research for any organization.”

The disclosure sheds new light on the operation of universities, think-tanks and academic researchers engaged in the US Government’s campaign to overthrow the Putin government.
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by Editor - Wednesday, February 11th, 2015
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By John Helmer, Moscow

The UK High Court has rejected a lawsuit by Rosneft challenging the legality of sanctions against its oilfield operations and international financing.

The court has ruled that for testing the legality of the sanctions British law and British courts are subordinate to the European Union, and that Rosneft must try its case in the European Court of Justice (CJEU) in Luxembourg. The ruling, which was issued on Monday, contradicts the judgement of the Supreme Court, the UK’s highest court, which decided last March that sanctions against the Iranian bank, Bank Mellat, had violated British law. The new judgement makes no reference to this or any other case decided recently in London on the illegality of UK Government sanctions.

The ruling by Lord Justice Sir Jack Beatson (lead image) and Justice Sir Nicholas Green also flies in the face of the British Government’s promise to preserve the primacy of the British courts over the EU judiciary, and keep London’s market dominance for global litigation. Acknowledging that the issue will be tested in the parliamentary election due in three months’ time, embattled Prime Minister David Cameron has claimed: “We want to make the Supreme Court supreme”. Cameron has promised to introduce a new Act of Parliament to establish the superior status in law of UK courts over the European Court.” That hasn’t happened.
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by Editor - Tuesday, February 10th, 2015
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By John Helmer, Moscow

Polish figures and former officials who have been leading the campaign for Polish financial and military aid to the Ukrainian Government in Kiev may have been lobbyists for Igor Kolomoisky’s PrivatBank, when he was trying to obtain a Polish banking licence.

Documents sent and received by PrivatBank, just published in Warsaw, reveal that Kolomoisky’s bank engaged a law firm in Warsaw to direct the lobbying campaign. The documents claim the campaign involved Polish academic and finance official, Marek Dabrowski, in an attempt to lobby his friend, Leszek Balcerowicz, when Balcerowicz was President of the National Bank of Poland (NBP). According to sources with direct knowledge of what happened, when the Polish secret services recommended against licensing Kolomoisky’s bank, Dabrowski and Balcerowicz were invited to endorse an indirect plan for Kolomoisky to acquire control of Bud-Bank (Bank Budownictwa Mieszkaniowego), a small, state-owned Polish institution which was already licenced.

The documents released to date suggest that current links between the Polish names and current members of the Ukrainian war party may have started as business links between them a decade ago. Dabrowski categorically denies involvement in, or knowledge of the licence process or of the lobbying campaign. The documents substantiate no wrongdoing by the Poles or Ukrainians engaged in PrivatBank’s bid, which ultimately failed to win Polish approval.
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by Editor - Tuesday, February 10th, 2015
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By John Helmer, Moscow

The latest release from the Pentagon in the psywar against Russia is a declassified report claiming to have penetrated the brain of President Vladimir Putin, while he was in utero.

The release appears to be from the same research group whose secret exploration of Ronald Reagan’s brain was leaked to Garry Trudeau, author of the Doonesbury comic strip, in October 1980, in the last weeks of the US presidential election when the incumbent Jimmy Carter was defeated by Reagan. The Pentagon reporting also acknowledges as a source of its expertise one of the creators of an American television series which was produced and broadcast by Rupert Murdoch’s 20th Century Fox between 2009 and 2011.

A Time Magazine interview of Putin as the “Person of the Year” for 2007 is revealed as the cover for a Pentagon-directed operation using special cameras to record Putin’s micro-muscular movements and verbalizations over several hours. Also exposed in the newly released papers is the covert engagement of Harvard University academic Timothy Colton, who was commissioned by the Pentagon’s top secret operation BODY LEADS to deploy at the annual Valdai Discussion Club between Russian offiicals and international academics and journalists. Colton’s Pentagon assignment at Valdai was to gather and interpret secret body and vocalization data on Putin, as well as on former president Dmitry Medvedev.
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by Editor - Sunday, February 8th, 2015
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