By John Helmer, Moscow Novolipetsk Metallurgical Combine (NLMK) and its owner Vladimir Lisin have won a suppression order against Nikolai Maximov, former owner of the Maxi group of minimills and scrap processors, from the Higher Regional Court of Hamburg. A three-judge panel has imposed a permanent injunction against publication in the press of claims by […]

by John Helmer - Monday, May 21st, 2012
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By John Helmer, Moscow In the tarot pack, the card of the Hanged Man is not one everyone wants to be dealt. To some it portends doom. Others believe it symbolizes the great awakening to occur the moment after death when, if, there is a resurrection. As cards go, it’s a big bettor who wants […]

by John Helmer - Saturday, May 19th, 2012
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By John Helmer, Moscow Sergei Generalov, the controlling shareholder and president of Far Eastern Shipping Company (Fesco), has apparently decided to sell the company, once the leading dry-cargo shipping company in Russia. The buyer negotiating for the takeover is reported to be the Summa Capital holding of Ziyavudin Magomedov, a rival of Generalov’s in the […]

by John Helmer - Friday, May 18th, 2012
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By John Helmer, Moscow White Tiger Gold (WTG) was supposed to be the curtain-raiser on the Canadian stock market for Mikhail Prokhorov and Maxim Finsky, his childhood playmate, to sell shares in their collection of little known gold and other mineral prospects and mining licences in Russia. That collection is called Intergeo, and it cost […]

by John Helmer - Thursday, May 17th, 2012
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By John Helmer, Moscow The Fitch ratings agency today issued a warning that growing debt at Magnitogorsk Metallurgical Combine (MMK), owned by Victor Rashnikov, is at a “higher level than previously expected”. With prices for MMK’s products falling, the company’s free cashflow is under pressure, the Fitch report claims, as it downgraded its outlook forecast […]

by John Helmer - Thursday, May 17th, 2012
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By John Helmer, Moscow In Russia, and at sea aboard Russian ships, it’s common for crews not to be paid; the shipowners usually get away with it, at least as far as the General Prosecutor, Yury Chaika, is concerned.. The tale of the Lyubov Orlova, whose two Russian owners abandoned the cruise ship at a […]

by John Helmer - Tuesday, May 15th, 2012
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By John Helmer, Moscow By all accounts, particularly his own, Alexander Lebedev, aged 52, has been one of those clever KGB agents whose training inculcated the Protestant work ethic, and whose tour of duty in London the wits, to enable him to make a fortune without stealing from anyone; without bribery or administrative resources; without […]

by John Helmer - Thursday, May 10th, 2012
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By John Helmer, Moscow In the Kremlin corridors under the new management, it is generally acknowledged that one of the stupidest things former President Dmitry Medvedev ever did was to order Russia’s representative on the UN Security Council to abstain from the vote and veto of the no-fly zone resolution aimed at the Muammar Qaddafi […]

by John Helmer - Sunday, May 6th, 2012
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By John Helmer, Moscow Whoever Elena Egorova may be, she and Victor Rashnikov, owner of Magnitogorsk Metallurgical Combine (MMK), share exactly the same desire for personal anonymity and business secrecy as the Chelyabinsk court case against MMK’s half-billion dollar purchase of an Australian iron-ore mining project reaches its climax later this month. This is their […]

by John Helmer - Friday, May 4th, 2012
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By John Helmer, Moscow Every competent gardener knows that horse shit makes valuable fertilizer, so long as you give it at least two months of airing and composting to get rid of the acidity which kills plant roots, and the seeds which grow weeds where you don’t want them. Chicken shit is more balanced, biochemically […]

by John Helmer - Tuesday, May 1st, 2012
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