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By John Helmer, Moscow The International Monetary Fund’s senior officials have known that Stepan Kubiv, Governor of the National Bank of Ukraine, was removed six years ago for his involvement in a massive bank loss and loan diversion, when Kubiv was in charge of Kredobank, a west Ukrainian bank owned by PKO Bank Polski, the […]

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By John Helmer, Moscow Last year Russia’s six major steelmakers cut 33,500 jobs from their payrolls, because, they explain, they are struggling to reduce losses and cut bank debt. That amounted to a loss of almost one in ten jobs in the Russian steel sector. At the end of 2013, the headcount of steelworkers was […]