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, […]

by Editor - Wednesday, April 8th, 2015
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By John Helmer, Moscow The Cyprus Government’s unit for combating money-laundering will consider an investigation of Igor Kolomoisky if it is requested by the Ukrainian or US Governments, Eva Papakyriacou revealed on Tuesday. Papakyriacou is the head of the unit, whose acronym, following the Greek, is MOKAS. She declined to say if there has been […]

by Editor - Tuesday, April 7th, 2015
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By John Helmer, Moscow Forgery in the Russian art market is diminishing. “The situation is becoming much better. There are now very few fakes,” reports James Butterwick, a London-based dealer and specialist in Russian art. “This has nothing to do with the experts. The market is the expert now, and it’s become very difficult to […]

by Editor - Friday, April 3rd, 2015
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By John Helmer, Moscow Oleg Deripaska, control shareholder and chief executive of the Russian state aluminium monopoly Rusal, hasn’t exactly made a positive rate of return for Asian investors. In fact, share-buyers at the Hong Kong Stock Exchange are likely to conclude that he’s made a hash of every venture he’s tried to bring to […]

by Editor - Wednesday, April 1st, 2015
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By John Helmer, Moscow War, devaluation, and recession aren’t usually something to drink champagne to. So it was inevitable that Abrau-Durso, Russia’s only champagne house listed on the stock exchange, would suffer. When President Vladimir Putin told the leadership of the Federal Security Service (FSB) on Thursday that “the situation cannot remain like this forever. […]

by Editor - Sunday, March 29th, 2015
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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 […]

by Editor - Thursday, March 26th, 2015
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By John Helmer, Moscow A porcelain figurine (lead image, left) produced by the Popov Manufactory of Moscow sold in London on Wednesday for £2,700. The auction by MacDougalls revealed unusually strong demand from Russian collectors. They paid record prices for some figurines, including Tsar Nicholas I (right), from the Sipyagin Manufactory, who fetched £29,700. The […]

by Editor - Wednesday, March 25th, 2015
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By John Helmer, Moscow Igor Kolomoisky, the single largest beneficiary of international lending to Ukraine and until Tuesday night the most powerful figure in the country, has lost his residence permit for Switzerland, according to a reliable source in Geneva. Coming after the news of Kolomoisky’s armed and vocal clash in Kiev with Ukrainian President […]

by Editor - Tuesday, March 24th, 2015
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By John Helmer, Moscow Works of art are only reliable investment assets if the trade in them is tested and transparent enough to prove they aren’t stolen goods, forgeries, or what is known in Russian as falshak (фальшак), a term originally applied to counterfeit coins. Naturally, as the art trade generates higher and higher prices […]

by Editor - Monday, March 23rd, 2015
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By John Helmer, Moscow In Ukrainian villages they still say a dog won’t cry if you beat him with a bone. In the Zaporozhye region of eastern Ukraine, there are exceptions – bones on which even dogs fear to choke. The Zaporozhye Alumina and Alumimium Combine (ZALK) is an example. Owned by the Russian aluminium […]

by Editor - Tuesday, March 17th, 2015
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