On July 27, Russia’s NTV network broadcast an interview with President Dmitry Medvedev (the Russian name means “bear”). The President was asked about the image of the bear in recent Russian history, and for the future. Here is what he replied: QUESTION: You know, the widespread image of Russia in the world is a certain […]
By John Helmer in Moscow Time to remember the famous advertisement of Wendy’s, the American burger chain, which contrasted the substance of its product with the paltriness of its rivals. So now let’s ask the biggest unanswered question in Russian political economy — what happened to the stimulus funding the Russian government was supposed to […]
By John Helmer in Moscow The St. Petersburg fight over port terminal andshipping assets has taken a muscular turn, as police raiders, acting at the behest of Bank St. Petersburg, appear to be grabbing assets worth more than a bank valuation allows, and despite a court order invalidating the seizure. Vitaly Arkhangelsky’s Oslo Marine Group […]
By John Helmer in Moscow The reason for an unexpected Chinese advertisement for a billion-dollar iron-ore and steel complex in a remote part of Siberia became clear in Moscow today. It reveals that, starved for cash as most Russian metal and mining companies currently are, they aren’t yet prepared to let the Chinese build competing […]
By John Helmer in Moscow Silvio Berlusconi, the Prime Minister of Italy, has named a bed in his Roman home, Palazzo Grazioli, after the Prime Minister of Russia, Vladimir Putin, according to a conversation Berlusconi had last November with a young lady he was inviting to join him in the bed. The bed itself is […]
By John Helmer in Moscow Court documents and testimony, presented recently in the Colorado District Сourt in Denver, expose substantial new evidence that LUKoil has operated a significant business in the state. The new evidence, secret until now, stretches back for ten years, and shows a flow of cash every month from an alleged front […]
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By John Helmer in Moscow The President of Turkmenistan, Gurbanguly Berdimuhamedov, said Friday his country is interested in diversifying gas export routes, and will participate in the Nabucco project. His statement came ahead of the signing on Monday of an intergovernmental agreement between Austria, Turkey, Hungary, and Romania to build the 3,300-km pipeline across their […]