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By John Helmer, Moscow @bears_with This is the story of how Vladimir Putin changed his mind on who should own Russia’s most important asset sailing the seven seas. Or did he really? This is also the story of the privatisation of Sovcomflot, the state-owned shipping company and one of the largest fleets of oil and gas […]
by Editor - Wednesday, November 3rd, 2021
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By John Helmer, Moscow @bears_with Sovcomflot, Russia’s dominant shipping company and (next to the Chinese) the world’s most valuable energy tanker fleet, announced yesterday that in 2020 its earnings had risen almost 10%, and its profit jumped by over 18%. However, the stock market is decidedly unimpressed. On the Moscow Stock Exchange, where Sovcomflot shares have […]
by Editor - Monday, March 15th, 2021
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by John Helmer, Moscow @bears_with The English read detective stories for the pleasure of unravelling the crime, proving that even if there are perfect crimes, in the majority of cases the perpetrators don’t get away with them because the detectives are usually cleverer. That’s fiction. In real life, Russian crimes are different. In the majority of […]
by Editor - Thursday, January 30th, 2020
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By John Helmer, Moscow @bears_with Sergei Frank (lead image, right) is being removed from control of Sovcomflot, the Russian state tanker company and one of the largest oil and gas transporters in the world. Frank is the only senior Russian state official to have been judged by the British courts to be dishonest and vindictive […]
by Editor - Tuesday, September 17th, 2019
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By John Helmer, Moscow In crowded city life, crabs – plural – meant an invasion of lice into warm body parts covered by hair. For readers who are virgins or who have had Brazilian waxing and can’t imagine running into the crabs, the illustration shows the little fellows in the hair of the head. In […]
by Editor - Monday, April 1st, 2019
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By John Helmer, Moscow In the US war for regime change in Russia, the Christmas dinner for the oligarchs was President Vladimir Putin’s idea in 2014 for demonstrating that he was in command of their loyalty for a price the oligarchs were afraid to test. Late last month, the dinner was turned into an afternoon […]
by Editor - Tuesday, January 15th, 2019
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By John Helmer, Moscow The collapse of stock market confidence in Magnit, the largest and most valuable Russian retailer in the domestic and London stock markets, has triggered widespread speculation that Sergei Galitsky, 50, the founder and control shareholder of Magnit since 1998, was attacked by corporate raiders led by Andrei Kostin, head of the […]
by Editor - Tuesday, June 5th, 2018
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By John Helmer, Moscow Sovcomflot (SCF), the Russian state shipping company, has been obliged by its accountants Ernst & Young to declare $75.5 million in costs and expenses from court orders by British judges over a series of lawsuits initiated by Sovcomflot’s chief executive, Sergei Frank (lead image, left) thirteen years ago. The money must […]
by Editor - Wednesday, March 21st, 2018
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By John Helmer, Moscow As midnight tolled in Washington, DC, and January 29 slid into January 30, the deadline for the US Government to produce a report to the Congress listing Russian oligarchs close to President Vladimir Putin slipped by in the darkness. No dog barked.* Required by the Countering America’s Adversaries Through Sanctions Act […]
by Editor - Monday, January 29th, 2018
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By John Helmer, Moscow Four years ago almost precisely, on January 12, 2014 – just before the Anglo-American war against Russia began in earnest — we reported that the Moscow School of Management at Skolkovo was publishing what it called a market atlas of the jobs and professions which will be newly needed by the […]
by Editor - Sunday, January 14th, 2018
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