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By John Helmer, Moscow
The UK High Court action by the Schillings law firm, acting for Nathaniel Rothschild in a libel claim against the Daily Mail and Associated Newspapers, was dismissed today by Justice Sir Michael Tugendhat. The ruling also undermines libel threats by Schillings acting for Deripaska against newspapers in South Africa, Hong Kong, London, and the US, setting a new standard for reporting on the business affairs of Russian oligarchs, their bankers, and public officials whom they attempt to influence.
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by John Helmer - Friday, February 10th, 2012
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By John Helmer, Moscow
Ten months ago in Russia, the venerable Chinese idea of penitence silver was proposed as a method of making the most powerful wrongdoers of the land pay for their sins — at least their original ones. It was recommended as an alternative to that Bolshevik cue, Expropriate the Expropriators!; the Khodorkovsky remedy, or the Chinese invitation to commit suicide (allowing the heirs to retain the dead man’s estate).
The original idea was Emperor Qianlong’s, whose 59-year rule came to a close in 1795, when he decided to step down from the throne. His plan was to prepare a retirement home in a corner of Beijing’s Forbidden City, and stock it with treasures to keep his mind occupied instead of power politics.
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by John Helmer - Friday, February 10th, 2012
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By John Helmer, Moscow
There is no family relationship between the fish and the bacteria; the latter are named after their discoverer, Daniel Elmer Salmon (1850-1914). But how much of a relationship there may be at the moment between salmonella in Norwegian salmon and Russian fish-eating security depends on another creature, the land-based red herring.
On the surface, according to Rosselkhoznadzor (RSKN), the federal service for veterinary and phytosanitary inspection, the half-billion dollar per year fish trade from Norway may be banned because of recent discoveries of salmonella and coliform infections in batches of imported salmon and other fish products. The threat was delivered in a letter, released on February 6, from RSKN to the Norwegian counterpart agency, referring to Russian laboratory evidence of the dangerous substances in the Norwegian imports.
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by John Helmer - Thursday, February 9th, 2012
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By John Helmer, Moscow
Deputy Prime Minister Igor Sechin (image centre), the overseer of Russia’s ports and shipping, as well as of the trade which passes through them, has recommended that the state shareholdings in Novorossiysk Commercial Seaport Company (NMTP is the Russian ticker, NCSP the English) be sold to Rosneft, the state oil company. This is according to a January 31 letter from Sechin to Prime Minister Vladimir Putin, which leaked to Moscow media yesterday. Government sources are neither confirming nor denying the letter; the government decision has yet to be made.
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by John Helmer - Tuesday, February 7th, 2012
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By John Helmer, Moscow
Mechel, the steelmaker and coalminer owned by Igor Zyuzin, is the dominant producer in Russia of the type of alloyed steel known in the English-speaking world as stainless. In French, it is known as inox (inoxydable).
Neither term is quite accurate, but what is meant is everywhere clear. Because the steel includes chrome alloy, it is more resistant to corrosion and discolouration (effects of oxidation). Adding nickel and manganese alloys also helps this resistance and preserves the sheen of the steel.
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by John Helmer - Monday, February 6th, 2012
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By John Helmer, Moscow
After he left Soviet trade union and youth organization work behind, Igor Yurgens became an advocate of the commercial Russian insurance industry. So he knows how to calculate risk and how to write an insurance premium to cover it. The Centre for Contemporary Development (INSOR), which Yurgens directs, has been widely viewed as the brain’s trust for Dmitry Medvedev’s run at a second term. But when Yurgens suggests the names of others more likely to become prime minister, after Vladimir Putin wins the presidential election in March, his assessment warrants careful attention. Like all insurance policies, it’s a good idea to read the small print.
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by John Helmer - Sunday, February 5th, 2012
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By John Helmer, Moscow
Oleg Deripaska appears to have lost a nine-year long battle to take control of Vanino, an eastern seabord port on which Deripaska depends for imports of alumina to feed his aluminium smelters in Siberia, and to load finished aluminium for export to buyers in the US and East Asia.
The man who appears to have bested him is Vladimir Lisin, the steelmaker. The tussle for the port, on the Tatar Strait and the Sea of Okhotsk, won’t be over until Lisin wins the bidding for the state control shareholding – if he wins. But the flags now flying from the Vanino flagpole signal that Lisin has once again won over Deputy Prime Minister Igor Sechin, the key decision-maker in the government for both the resources sector and for the maritime sector.
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by John Helmer - Thursday, February 2nd, 2012
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By John Helmer, Moscow
Quadraturin was the stuff which, when squeezed out of a tube and painted on the walls of an 8 square-metre Moscow room, turned it into a much larger one. Biggerized it — is the translator’s term from the Russian.
Russian politicians have been using it for years, long before the arrival in Moscow of $1,000-per hour election technology consultants from the US National Endowment for Democracy.
The author, who is enjoying a boomlet of revival in the literary salons of London and New York at the moment, is considered to be an “experimental realist” (who isn’t?). To help his books sell, he’s also being called “one of the greatest Russian writers of the last century”.
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by John Helmer - Wednesday, February 1st, 2012
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By John Helmer, Moscow
In the final quarter of 2011, Severstal, owned by Alexei Mordashov, lost its footing from the previous quarter as Russia’s leading steelmaker, falling behind Evraz, owned by Roman Abramovich, and Novolipetsk Metallurgical Combine (Vladimir Lisin) in total production of crude steel.
The chart, issued this morning by Alfa Bank steel analyst Barry Ehrlich, reveals what Ehrlich calls “a major negative surprise”. The recent production cutback is bigger at Severstal than for any of the five Russian steel majors.
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by John Helmer - Wednesday, February 1st, 2012
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By John Helmer, Moscow
Ignore the plot entirely, but try this Stalin point from a novel called Archangel.
The story by Robert Harris, written in 1998, is about a semi-alcoholic professor of Russian history – Englishman, with a New York address — who is hot on the trail of Stalin’s personal notebooks, which he thinks were spirited out of the Kremlin by Lavrenty Beria, while Stalin was in his dacha dying. Buried by Beria’s chauffeur in his backyard, the notebooks stay where they are in what becomes the Tunisian Embassy in Moscow, after Beria is shot by the Politburo. But the notebooks turn out to be those of a girl from Arkhangelsk. Stalin impregnates her in order to leave an heir, which he does, spawning a man scarcely more believable than the others in the plot. Almost everyone in on the story dies, starting with Stalin.
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by John Helmer - Monday, January 30th, 2012
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