By John Helmer, Moscow
Suleiman Kerimov is a businessman of note. He is also a member of the Federation Council, as the upper chamber of the Russian parliament is called. His long parliamentary career began in 1999, when he was elected to the State Duma, as the lower chamber is known. Unlike any elected deputy or senator you can think of the world over, Kerimov doesn’t make speeches in public or in the chamber; and he doesn’t answer questions from the press
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By John Helmer, Moscow
A Moscow newspaper claims today to have seen a document confirming that Russia’s diamond-mining monopoly Alrosa is trying to sell a 50% stake in the Lomonosov diamond field to Rio Tinto, the Anglo-Australian mining company based in London. Alrosa is the largest producer of diamonds in the world at present; Rio tinto ranks third, following De Beers. Rio Tinto currently produces from mines in Australia, Canada, and Zimbabwe, with a mine in planning in India.
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By John Helmer, Moscow
This is the season for believing.
But less than a fortnight ago, one of the three wise men in the picture – left to right, Filaret Galchev, Alexander Nesis, Suleiman Kerimov – was saying aloud (privately) that the problems of satisfying stakeholders in the proposed Russian potash consolidation were so complicated, he couldn’t hazard a guess on how they would be resolved, except slowly – very slowly. This evening, even with his feet up and noone else listening in, he says he still doesn’t know how the announcement of the merger between Uralkali and Silvinit was finalized yesterday, or even whether it has been finalized.
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By John Helmer, Moscow
No major shareholder obstacles now stand in the way of the reorganization of Alrosa’s corporate structure, but conversion to the open shareholding company format will take another six months, company spokesman Andrei Polyakov told Polishedprices.com today.
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By John Helmer, Moscow
In Oleg Deripaska’s short career history, his Russian partners don’t last for long.
The record for sufferance is held by Mikhail Chernoy (Michael Cherney), whose agreement to lend Deripaska money and grant him trustee rights over Chernoy’s 13% shareholding in United Company Rusal lasted for more than five years – between 2001 and 2006 – before Chernoy concluded that Deripaska was cheating him, and opened contract enforcement and recovery proceedings in the UK High Court.
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By John Helmer, Moscow
The Prime Minister has asked Russians to send him their choices of a name for a young Bulgarian shepherd dog, which was presented to him by the dog fancier, Bulgarian Prime Minister Boyko Borisov, when the two met in Sofia on November 13.
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By John Helmer, Moscow
Not since Raisa Gorbacheva revealed that she knew how to use a credit card for shopping and displayed the PhD she had bought, I mean earned, has the wife of a Russian head of state attracted such a display of petit bourgeois chagrin.
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By John Helmer, Moscow
The 421-page ruling of UK High Court Justice Andrew Smith, issued on Friday in London, dismisses all charges and claims pursued for the past five years against Dmitry Skarga, former chief executive of Sovcomflot, and Tagir Izmaylov, his counterpart at Novorossiysk Shipping Company (Novoship). The consequences are dramatic for the Russian government. The judgement makes impossible the public listing of Sovcomflot shares in any international market because of the evidence disclosed that the company lies to its auditors, falsifies financial records, encourages perjury, and knowingly engages corrupt officials for the purpose of fabricating schemes of personal vengeance and wrongful enrichment.
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By John Helmer, Moscow
The UK High Court ruled this morning in London that the half-billion dollar fraud claim pursued by state shipping company Sovcomflot and its chief executive Sergei Frank was based on fabrications and lies. Frank was condemned in the ruling, and his witnesses dismissed as dishonest. Former Sovcomflot chief executive Dmitry Skarga and former chartering partner Yury Nikitin, have been vindicated in the ruling by Justice Sir Andrew Smith, which was handed down at 10 o’clock London time.
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By John Helmer, Moscow
Many Hindu gods are depicted with multiple arms. This is a pictorial way of illustrating for believers the many qualities which the god is believed to exercise. By assigning many arms, the illustrator was able to demonstrate the many things the deity can pull off at the same time.
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