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By John Helmer in Moscow A powerful 6-point storm on Monday did an estimated $60 million worth of damage, and severely set back the construction schedule for the new Sochi cargo port, being built for the 2014 Winter Olympic Games at Imeretinsky Bay. The new port is being built by the holding company of bankrupt […]

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By John Helmer in Moscow Russian business is child’s play, and very forgiving too, if you are big enough to pay for your mistakes. That’s why Alexei Mordashov is smiling in the picture, taken in Prime Minister Vladimir Putin’s office on December 4. Mordashov is the owner of the second most heavily indebted steelmaking group […]