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By John Helmer, Moscow The Italian bank Intesa Sanpaolo, which was reported last week as the principal lender to Rosneft’s €11 billion share sale, has announced it has played an advisory role, not a lending role, and it is still in the “assessment phase” of the transaction — without a commitment to lend money. On […]

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By John Helmer, Moscow As famous hoaxers go, Igor Sechin (lead image, centre), the chief executive of Rosneft, Russia’s largest oil company, is at least as clever as Clever Hans (right), a German horse of the late 19th century. Hans was apparently good at arithmetic. If his owner asked him to multiply three by four, […]

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By John Helmer, Moscow The Khotin family are either the cleverest new men on Russia’s billionaires’ row, strutting out with prime commercial real estate and oilfield assets, which will double or triple in value as soon as the war is over and the Russian market for corporate bonds and share listings revives. Or else the […]

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By John Helmer, Moscow In fifty-nine single-spaced pages, issued on May 31, Melchior Wathelet (lead image) has demonstrated that the European Union (EU) has descended into a lawless dictatorship, in which the executive power of the Union and its member officials have “broad discretion” to attack states, their corporations and citizens without reason. Wathelet is […]

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By John Helmer, Moscow The Russian oil company Tatneft has launched a successful surprise attack in the UK High Court on the personal assets of Igor Kolomoisky (lead, left) and Gennady Bogolyubov (right). It is claiming $334 million in payment for crude oil Tatneft delivered in 2008 to a Ukrainian refinery which Tatneft controlled at […]

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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 With announcements they will trade crude oil in different directions, Russia’s state oil companies have this week put the kybosh on Ziyavudin Magomedov’s (lead image, left) attempt to establish himself as the oligarch in charge of Russia’s westward oil trade to Europe. Magomedov’s demise follows the decline in political influence of […]

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By John Helmer, Moscow The UK High Court has rejected a lawsuit by Rosneft challenging the legality of sanctions against its oilfield operations and international financing. The court has ruled that for testing the legality of the sanctions British law and British courts are subordinate to the European Union, and that Rosneft must try its […]

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By John Helmer, Moscow Following the publication of yesterday’s report on the case of Vladimir Yevtushenkov, an insider from the Russian oil industry has communicated this analysis of what provoked Yevtushenkov’s arrest, and what will happen next. The insider has had more than 15 years of experience working with Igor Sechin, now chief executive of […]

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By John Helmer, Moscow Conspiracy or screw-up — there is no shortage of complicated theories in Russia to explain why an oligarch of Vladimir Yevtushenkov’s (image, left) size is being made to run the gauntlet, quite apart from the fact that he’s probably guilty of the crimes alleged against him. What is missing is the […]