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By John Helmer, Moscow President Vladimir Putin has lost the war. Not the one with Washington for the future of Europe, eastern Ukraine, and the Kremlin itself. That war isn’t going so badly for Putin. The one he is losing is with the Russian oligarchs on whether they will repatriate their assets from their offshore [...]

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By John Helmer, Moscow The Canadian Government announced last week it is giving away another C$200 million to Ukraine, topping the $200 million handed to Kiev last September. A spokesman for Foreign Minister Rob Nicholson concedes the money is not being audited as the announced loan agreements require. Nicholson, according to Johanna Quinney in Ottawa, [...]

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By John Helmer, Moscow On July 17, 2014, at 1320 local time, Malaysian Airlines flight MH17 crashed in eastern Ukraine. The investigating authority, the Dutch Safety Board (DSB), reported within five days that the two black boxes, the cockpit voice recorder (CVR – lead image, left) and the flight data recorder (FDR), had been recovered. [...]

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By John Helmer, Moscow The late Yegor Gaidar, when acting prime minister of Russia, thought up the idea of the Yeltsin Tax. The late Boris Nemtsov didn’t think it was such a bad one when he was first deputy prime minister. The one still surviving officeholder responsible for the idea is Anatoly Chubais, chief executive [...]

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By John Helmer, Moscow The International Monetary Fund (IMF) has decided to give the Ukrainian banks R&R&R – that’s rest from regulation and refinancing. Inspection of the foreign exchange book, unwinding related-party credits, recovery of non-performing loans, and obligatory recapitalization, which were all conditions of the Fund’s 2014 Ukraine loan, have been relaxed. The new [...]

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By John Helmer, Moscow The International Monetary Fund (IMF) has agreed on a scheme of war financing for Ukraine. For the first time, according to Fund sources, the IMF is not only violating its loan repayment conditions, but also the purposes and safeguards of the IMF’s original charter. IMF lending is barred for a member [...]

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By John Helmer, Moscow When you have been the target of assassination by a powerful figure in Russia, as I have, and you survive the hit, as I did, you learn one thing or two things before; more in retrospect. One is that the Moscow police act quickly and competently, as they would elsewhere – [...]

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By John Helmer, Moscow The President of Cyprus Nicos Anastasiades agreed last week with President Vladimir Putin on what is reported in London and Washington to be a military basing agreement with Russia for Russia’s naval and air forces in the Mediterranean. In the aftermath, Putin did all the talking to the press, making it [...]

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By John Helmer, Moscow The Kremlin doesn’t want to say so exactly. But right now it is as reluctant to support the Greek Government in its conflict with Germany, as Joseph Stalin and the Soviet Politburo wanted to back the Greek Communist Party during the Greek civil war between 1946 and 1949. So, when Foreign [...]

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By John Helmer, Moscow Oleg Deripaska (left), chief executive of the Russian state aluminium monopoly Rusal, makes a practice of thriving when everyone else is suffering. That’s because the Russian government and the state banks cast a more protective cover over heavy debtors when times are bad than when times are better. Rusal owes $9 [...]