By John Helmer, Moscow

On March 4 the Chinese and South African governments announced they are preparing an agreement on nuclear cooperation to allow the Chinese to sell $50 billion worth of their nuclear reactor technology for South Africa’s power generation programme.

There are four catches. One is that a South African report from the ministry responsible for energy planning recommends against investing in nuclear reactors for at least two, and possibly ten more years. The second catch is that the South African Ministry of Finance has refused to allow any funds to be put into current or future budgets for nuclear reactors. The third catch is that the Chinese have depended to date on reactor technology they have bought from France, the US, and Russia which cannot be resold in the international market. Nuclear reactor bids from each of these three countries have already been tabled for the South African nuclear programme, and until last month the most likely contender for selection, according to South African President Jacob Zuma and Ben Martins, the Minister of Energy, was Rosatom of Russia.
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by John Helmer - Friday, March 7th, 2014
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By John Helmer, Moscow

The White House record claims that on the afternoon of Friday, February 21, President Barack Obama initiated a telephone call to President Vladimir Putin. But the US version of what was said claims Obama committed himself to supporting the agreement which President Victor Yanukovich had signed early on the same day with leaders of the Ukrainian opposition, and with the foreign ministers of Germany, Poland and France. “President Obama called Russian President Vladimir Putin”, the White House reported, and apparently agreed “to implement quickly the political agreement reached today in Kyiv”.

The transcript hasn’t been released, not yet. But the Kremlin version doesn’t report that Obama agreed to anything. Instead, Putin reportedly warned Obama against “working with the radical opposition, which has taken the confrontation in Ukraine to a very dangerous point.”
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by John Helmer - Wednesday, March 5th, 2014
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By John Helmer, Moscow

A new type of warfare is being tested in Ukraine. The strategem was first publicly disclosed on February 23, when Zbigniew Brzezinski — the wannabe Secretary of State if the Democratic Party wins the 2016 presidential election — proposed a billion-dollar levy on each of ten Ukrainian oligarchs. Brzezinski didn’t identify them by name, but suggested they were “principal beneficiaries of the country’s stunningly widespread corruption”. Another $10 billion, according to Brzezinski’s scheme, should be “matched” by the deposed president, Viktor Yanukovich, and his family.

Swiss sources reveal that the Swiss government and banks are under pressure right now to extend their freeze of the Yanukovich bank accounts to other Ukrainians on a US Government target list. Brzezinski’s proposal used the term “persuade” for his billion-dollar levy. The US Treasury has conveyed to the Swiss, as well as to banks of the European Union (EU), the targeting of as many Ukrainians as the new government in Kiev wants to threaten, especially if their business is concentrated in the eastern half of the country.
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by John Helmer - Tuesday, March 4th, 2014
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By John Helmer, Moscow

After almost a year of inconclusive negotiations with a secretive South African group called Nemascore, Evraz, the Russian steelmaker and miner, has announced to the Johannesburg Stock Exchange that negotiations have opened to sell its control stake in Highveld Steel & Vanadium to new buyers. The notice to the exchange last week said Evraz informed the Highveld board that “it is, in addition to Nemascore (Proprietary) Limited, currently engaging with other potential bidders with a view to disposing of its 85.11% stake in the Company. The independent board of the Company has agreed to allow these potential bidders to conduct a due diligence investigation into the affairs of the Company.” The Evraz notice added that the talks are “incomplete, confidential and non-binding, hence there is no certainty that a transaction will take place.”
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by John Helmer - Thursday, February 27th, 2014
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By John Helmer, Moscow

Not every despotic and corrupt ruler of a former Soviet state is the target of US Government plots to overthrow him, not even those whose taste in interior decoration and jewellery is as awful as Victor Yanukovich’s, the ex-president of Ukraine.

Emomali Rahmon (image), the president of Tajikistan since 1992, has been the target of corruption allegations by the US Government in the past. But for the time being he is protecting himself with a Washington lobbying campaign costing at least $100,000 per month. For his exterior decorator Rahmon has hired James Fabiani, a former congressional staffer turned public relations agent. His eponymous lobbying company employs an Englishman named Alex Botting to arrange meetings with US Government officials, US Congressional staff, and also, according to Botting, Washington-based executives of the World Bank and International Monetary Fund.
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by John Helmer - Wednesday, February 26th, 2014
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By John Helmer, Moscow

A Russian declaration of war and the despatch of troops to secure the Crimea would be very serious things, if they materialized.

The Financial Times reporter, Kathrin Hille (image), is the only person in the entire world who claims to have been told by “a senior government official”: “If Ukraine breaks apart, it will trigger a war. They will lose Crimea first [because] we will go in and protect [it], just as we did in Georgia.” Hille not only keeps the name, rank and authority of this official secret, but she refuses to provide evidence to substantiate that the official exists and said the quoted words with the meaning Hille’s newspaper claimed in its story headline: “Russia rattles sabre over fate of Crimea”. Hille’s claim that a Russian government threat was issued last week to move forces into Crimea appears to be a fabrication.
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by John Helmer - Tuesday, February 25th, 2014
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By John Helmer, Moscow

Would you buy a used car from David Bonderman (lead image), Dmitry Shvets, and Jan Dunning if you knew they registered their businesses in the British Virgin Islands (BVI), Cayman Islands, and Bahamas; kept their takings out of their companies and in their pockets; and were more heavily indebted to the state than any of their competitors?

Bonderman is one of the principals of the TPG Group, an equity investment fund in San Francisco; Shvets works for him as the head of TPG’s Moscow office; and Dunning, a Dutchman, is chief executive of Lenta, a Russian supermarket and hypermarket operator. Together, they are trying to sell their shares on Lenta’s second attempt at an initial public offering (IPO) on the London Stock Exchange (LSE). The story of the failure of their first attempt can be read here. This time, they are more confident of selling about one in five of Lenta’s shares and pocketing about $1 billion for themselves. Unlike most Russian IPOs in the international market, not a penny of this share sale will be invested in the future of Lenta’s business.
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by John Helmer - Thursday, February 20th, 2014
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By John Helmer, Moscow

United Company Rusal, the Russian aluminium monopoly headed by Oleg Deripaska (image right), has won a fresh round in its battle to keep control of its Nigerian aluminium smelter, and ward off claims from a Nigerian-American group whom it defeated in the privatization of the asset almost a decade ago. For the time being, the Nigerian government, headed by President Goodluck Jonathan (left), will neither support Rusal, nor act against it. The indecisive Jonathan lost majority control of the Nigerian House of Representatives in December, and he faces an uncertain presidential election in a year’s time.

In a ruling of Nigerian High Court Justice Jude Okeke, issued in Abuja on January 27, the Nigerian Government’s Attorney-General and Minister of Justice were ordered to face trial with Rusal in the corruption and damages claim by BFI Group Divino Corporation (BFIG). Rusal had asked the court to join the government to the case. BFIG opposed, arguing that in a separate proceeding the Nigerian courts had already ruled against the government, and in favour of BFIG. According to BFIG’s lawyer in court, Rusal’s move threatened to “open a floodgate for everyone who seeks to interrupt proceedings.”
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by John Helmer - Wednesday, February 19th, 2014
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By John Helmer, Moscow

Bill Clinton and Hillary Clinton, the former and wannabe presidents of the US, say they have accepted more than $13 million from Ukrainian pipemaker Victor Pinchuk since 2006. But Pinchuk says he’s given the Clinton Foundation only $7.6 million.

It won’t help to employ accountants to ask where the missing $5.4 million was originally trousered, if not the Pinchuk Foundation, then which branch of Pinchuk’s business. That’s because the Clinton Foundation’s auditors – an Arkansas firm called BKD – have turned up this much money in revenues, and also in expenditures, which the Foundation’s annual report inexplicably fails to report and regularly understates. The Pinchuk Foundation also refuses to answer questions about discrepancies in its annual accounts, whose auditors are reported by Pinchuk’s organization to be Ernst & Young. Their signature is reproduced in the Pinchuk Foundation annual reports, although no copy of their financial reports and notes has been published.
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by John Helmer - Monday, February 17th, 2014
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By John Helmer, Moscow

The latest independent polling of Ukrainian voters reveals that opposition strategy and political loyalties have been split by US government intervention. As a result, Ukrainian support for Vitali Klitschko, head of the UDAR opposition party, is weakening. UDAR, the acronym, stands for the Ukrainian Democratic Alliance for Reform; in Russian the word means “punch”. In English reporting, Klitschko’s organization is called BLOW.

According to new voter polls, instead of the weakening Klitschko (image centre), the opposition candidate the US wants to keep in prison, Yulia Tymoshenko (2nd from left), has been gaining voter support. But the embattled President, Victor Yanukovich (right), is recovering votes at the expense of both of them.
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by John Helmer - Friday, February 14th, 2014
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