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By John Helmer, Moscow Roman Abramovich (lead image) is the leading shareholder of the Russian steel, iron-ore and coal mining group called Evraz. Among Russia’s leading steel groups, it ranks second in output of crude steel; fourth in market value. It is the leader in indebtedness. By international measures, Evraz also leads its Russian peers […]

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By John Helmer, Moscow Sergei Ivanov had been in charge of protecting Russia’s environment for just ten weeks when he arrived in Chelyabinsk city last November 1. The former Kremlin chief of staff and principal advisor to President Vladimir Putin took with him a large delegation of federal officials, including a deputy prime minister, the […]

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By John Helmer, Moscow In the seedier studios of California, when the director cries “We’ve got wood!” he means the male lead has an erection, and it’s his cue to start his business while the cameras roll at a pornographic scene. Russia’s plywood business isn’t as sexy, but it’s faster growing and bigger too. It’s […]

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By John Helmer, Moscow In publishing on Russia, there comes a time when a writer, journalist, bank analyst, television presenter, or academic produces something so lacking in truthfulness, so replete with fawning and meretriciousness, that this website must kill and skin another goat; dry out the vellum; and have a fresh scroll inscribed with the […]

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By John Helmer, Moscow For the first time Moscow analysts have issued precise estimates of the ferrous scrap sold in the domestic Russian market by the major scrap companies, and identified the market shares of the leading companies by name. The disclosures also confirm that the state-owned Russian Railways (RZhD) is one of largest scrap […]

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By John Helmer, Moscow The Ukrainian civil war, and its aftermath, economic warfare between the US, the European Union, and Russia, are transforming the global flows of the minerals from which steel is made. Starting with iron-ore, the future for steelmaking will start at the minehead, not in Australia, nor Brazil, but in West Africa. […]

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By John Helmer, Moscow During his lengthy testimony and cross-examination in the UK High Court, Roman Abramovich (below, left) claimed he couldn’t remember much about what taxes he paid. The judge believed him. That remarkable episode in the history of Russian taxation took place on November 5, 2011, at 3 in the afternoon. Now Abramovich […]

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By John Helmer, Moscow Ukrainian government and commercial interests are lobbying the US Government to support a stealth sanction against VSMPO-AVISMA, the Russian supplier of titanium to Boeing and other US aerospace companies. Instead of VSMPO, the Ukrainians are seeking US government financing for the establishment of new high-grade titanium production lines at Zaporizhye Titanium […]

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By John Helmer, Moscow Interpipe, the steel and pipemaking group owned by Victor Pinchuk (lead image, centre) and based in Dniepropetrovsk, is high and dry, according to the latest financial report signed by the auditors on June 30, 2014. That is despite having suffered a 14% downturn of sales revenues for the year to $1.5 […]

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By John Helmer, Moscow Rinat Akhmetov (lead image, above left and right) is still the Ukraine’s richest man. If you believe the financial reports just issued by his Metinvest group, Ukraine’s largest steel, iron-ore, coal and coke maker, it’s a case of his singing all the way to the bank in Switzerland — without the […]