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By John Helmer, Moscow Righteous indignation is to investigative journalism what Joseph Goebbels was to truth. So what was really going on in the last days of April when the London media celebrated the Russians who this year topped the UK Rich List, but discovered something going badly, maybe criminally wrong at Eurasian Natural Resources […]

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By John Helmer, Moscow In the research for its profile on Alisher Usmanov, BBC Radio-4 was told by its sources in Russia that claims Usmanov is close to the Kremlin have been invented; and that Usmanov has never been granted a personal audience with President (Prime Minister) Vladimir Putin. The BBC programme was broadcast on […]

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By John Helmer, Moscow Alisher Usmanov’s fortune began with a business of making plastic bags when they were in short supply in Moscow in the last days of the USSR. At least, that’s the asset in the self-start, self-made fortune story which reporters for global rich lists have been persuaded to believe about Usmanov. How […]

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By John Helmer, Moscow Igor Zyuzin (right) is almost entirely dependent on the Russian government for the solvency of his Mechel steelmaking and coalmining group. With between $9 billion and $10 billion in debt, Zyuzin, who owns 65.49% of Mechel’s shares and controls the company as chairman of its board, is now the steel and […]

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By John Helmer, Moscow When Oleg Mukhamedshin, head of investment strategy for United Company Rusal, was in London recently, he complained the stock market isn’t giving Rusal’s share price a fair valuation, taking into account how much profit the non-aluminium line of business – that’s the dividend to be paid to Rusal by Norilsk Nickel […]

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By John Helmer, Moscow The text of the Guinean Government’s agreement with United Company Rusal for the prolongation of its Dian-Dian concession – one of the largest unmined bauxite deposits in the world – reveals an escape clause to enable Rusal to avoid the obligations the Guineans have been trying to enforce since the concession […]

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By John Helmer, Moscow Oleg Deripaska, the chief executive of the state aluminium monopoly Rusal, believes in an ethical code in which there’s little room for recreation, let alone holidays. He says: “I simply enjoy working. Work just happens to be something I have always enjoyed doing ever since I was a child. With the […]

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By John Helmer, Moscow When Nathaniel Rothschild sued for libel in the UK High Court in 2011, he was claiming that a report in the Daily Mail, published by Associated Newspapers on May 22, 2010, had libelled him for reporting that he had taken Peter Mandelson on a private jet-plane trip to Moscow to eat […]

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By John Helmer, Moscow The share price of United Company Rusal, the Russian aluminium monopoly, has dropped into the three Hong Kong-dollar range for the first time. In three years of its stock market history, the company’s chief executive, Oleg Deripaska, has let slip about $13 billion in value, two-thirds of Rusal’s original worth. At […]

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By John Helmer, Moscow Oleg Deripaska’s airplane touched down in Cyprus on February 28. He wasn’t on holiday; that came a fortnight later, when he, his plane and his boat had a reunion at Male, in the Maldives. Deripaska left Cyprus on March 2. It isn’t known what was in the luggage offloaded on arrival, […]