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By John Helmer, Moscow The takeover of London-listed JKX Oil and Gas Plc, which was completed last week with a purge of the board and senior management, is an operation for the benefit of Igor Kolomoisky (lead image, right) and Gennady Bogolyubov, the Ukrainian oligarchs, according to sources in Kiev, Moscow, and London. Proxima Capital [...]

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By John Helmer, Moscow At the very beginning of his presidency, in March 2000, Vladimir Putin said the state – he meant himself – should be “equidistant” from the oligarchs. He also promised “compliance with [market] rules, without offering any advantages or privileges or preferences to anyone”. The president, Putin added, “should stand above this [...]

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By John Helmer, Moscow Leonid Lebedev (lead image), the former Russian senator and energy trader, has lost fraud and deceit claims against Len Blavatnik and Victor Vekselberg in a New York Supreme Court ruling. After considering the case for eight months, state judge Salliann Scarpulla has also rejected Blavatnik’s and Vekselberg’s application to dismiss Lebedev’s [...]

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By John Helmer, Moscow The International Monetary Fund has decided to delay fresh loan payments of $3.4 billion to Ukraine. In the meantime the World Bank has given the Deposit Guarantee Fund in Kiev $500 million to keep the leading Ukrainian banks solvent. The two international agencies have also agreed to the seizure of $174 [...]

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By John Helmer, Moscow Since the US started the regime dominoes falling in Kiev in February 2014, the Polish regime has already toppled, and the French one is doomed – President Francois Hollande will be defeated by every one of the candidates now running to succeed him, including Marine Le Pen of the National Front. [...]

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CLICK TO ENLARGE By John Helmer, Moscow Investigations into the collapse of National Bank Trust, one of the largest Moscow banks to be rescued by the Central Bank of Russia and the Deposit Insurance Agency, have targeted a Cyprus-based management group as the operational headquarters of a scheme which, according to current calculations, may have [...]

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By John Helmer, Moscow It’s midsummer. Time for the oligarchs, even the insolvent ones, to go aboard their yachts, and set sail for the resorts of the Mediterranean. Oleg Deripaska’s Queen K is this week cruising in the eastern Aegean between the Greek islands and the Turkish coast. Andrei Melnichenko’s A is in the Gulf [...]

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By John Helmer, Moscow Mikhail Fridman (lead image, centre) and Alexei Reznikovich (left) have a telephone problem, and it’s got a name, Gregory Shenkman (right). It’s not that Vimpelcom, the global mobile telephone company they control through LetterOne (L1), Fridman’s offshore holding, isn’t a lucrative business. In market capitalization Vimpelcom is currently worth $8.7 billion; [...]

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By John Helmer, Moscow Vladimir Potanin (right), control shareholder of Norilsk Nickel, loves Oleg Deripaska (left), control shareholder of Russian Aluminium (Rusal). Potanin made his inamorata official on Monday. He even quoted Vladimir Lenin’s version of withdrawing before ejaculation, announcing that with Deripaska it has been necessary to “disconnect before combining…Time has shown that it [...]

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By John Helmer, Moscow Leonid Lebedev (lead image) has been ousted from the Federation Council, the Russian senate, after serving twelve years as a senator representing the Volga region of Chuvashia. This follows a Council investigation exposing earnings from offshore entities which Lebedev had failed to disclose in his official income and asset reports to [...]