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By John Helmer in Moscow The Caspian Energy Group, led by Ilya Kokarev, said this week it is confident the Russian courts will rule shortly to uphold its right to seats on the board of the Red Barricades Shipyard. This is the only standout among the Astrakhan yards to resist consolidation by Caspian Energy, which […]

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By John Helmer in Moscow Sergei Stepashin, the head of the Accounting Chamber, Russia’s state auditor, has issued a press leak, claiming he was responsible for the firing of Alrosa chief executive, Sergei Vybornov, after a Chamber audit of Alrosa earlier this year had identified multiple problems, and what Stepashin is publicly quoted as calling […]

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July 14, 2009 Tim Whehell and BBC Newsnight for beating the English language of a UK High Court ruling into the opposite of what it said about the nature of Russian justice, its beneficiaries and victims http://news.bbc.co.uk/2/hi/programmes/newsnight/8146052.stm Letters Sent: 17 July 2009 14:47 To: Tim Whewell Subject: Your evidence please Dear Tim: In your recent […]

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By John Helmer in Moscow The President of Turkmenistan, Gurbanguly Berdimuhamedov, said Friday his country is interested in diversifying gas export routes, and will participate in the Nabucco project. His statement came ahead of the signing on Monday of an intergovernmental agreement between Austria, Turkey, Hungary, and Romania to build the 3,300-km pipeline across their […]

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By John Helmer in Moscow Regional mining officials in Kemerovo and the regional coalminers’ union say that ArcelorMittal had already begun closing down two coalmines and dismissing miners, before the Kemerovo region’s governor, Aman Tuleyev (picture left), issued an ultimatum to stop last Friday. If the charges cannot be resolved in negotiations this week, the […]

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By John Helmer in Moscow After months of bluster, denials that his job was under threat, and attempts to intimidate reporting with phantom lawsuits, Sergei Vybornov has issued a lengthy interview to a Moscow reporter, in which he intimates that his ouster — made official by the Alrosa board last Friday — was the result […]

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By John Helmer in Moscow Fyodor Andreev (also spelled Andreyev — see picture) is the new chief executive officer of Alrosa, the state owned Russian diamond miner, and will take up his functions this week, a high company source told PolishedPrices.com today. It turns out that Alrosa’s CEO has a seat on the company’s Supervisory […]

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By John Helmer in Moscow This is the strange tale of a mining company which noone admits to owning, at least not in the fareastern Primorsk region of Russia, where it is the principal source of work and income, not to mention cancer exposure, for the village of Svetlogorye (“Clear Mountain”, population 700); and where, […]

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By John Helmer in Moscow The two well-known controlling shareholders of the Evraz steel group, Russia’s largest steelmaker, are to pay at least $400 million into the cash reserve of the company to help reduce its current debts, and avoid a breach of bankers’ covenants governing Evraz’s loan position. Through an announcement yesterday by Evraz, […]

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by John Helmer in Moscow A revival of government accusations in Moscow about Belarus milk exports was dismissed by Belarus officials on Friday. The government in Minsk has accepted a temporary cut-off of the dry-milk trade, but it continues resisting Russian pressure to sell its dairy production plants. The Belorussians charge the Russian government with […]