By John Helmer, Moscow
  @bears_with

When Igor Kolomoisky (lead image, centre) financed anti-Russian units operating with the Ukrainian Army in the Ukrainian civil war, he was a staunch ally of Petro Poroshenko’s government in Kiev and the Obama Administration’s chief Ukraine policymakers, Secretary of State Hillary Clinton (left) and her Assistant Secretary for European Affairs, Victoria Nuland (right).

They in turn dominated the voting on the board of directors of the International Monetary Fund (IMF), led by managing director Christine Lagarde. Following the US regime change which installed Poroshenko’s regime in the spring of 2014, the IMF voted massive loans for the Ukraine to replace the Russian financing on which the regime of Victor Yanukovich had  depended.  More than a third of the fresh IMF money was paid out by the National Bank of Ukraine (NBU), the state’s central bank, into PrivatBank controlled by Kolomoisky and his partner, Gennady Bogolyubov.

At the time, investigations of Kolomoisky’s business and banking practices, and the special relationship he cultivated with the NBU, reported he was stealing the money through a pyramid of front companies lending each other the IMF cash which was not intended to be repaid. Clinton, Nuland, Lagarde and the IMF staff and board of directors ignored the evidence, as they continued to top up Kolomoisky’s pyramid. Criminal investigations by the US Department of Justice and the Federal Bureau of Investigation (FBI) were also reported at the time; they were neutralized by their superiors.  

A new Delaware state court filing a month ago, triggering new US media reports, appears to signal a shift in US Government policy towards Kolomoisky. Or else, as some Ukrainian policy experts believe, it is a move by US officials to put pressure on the new Ukrainian President, Volodymyr Zelensky, whom Kolomoisky supported in his successful election campaign to replace Poroshenko.

In the new court papers, front company names and the count and value of US transactions between them,  which PrivatBank has dug out of its own bank records,  is published for the first time. But the scheme itself is not new. It was fully exposed in 2014-2015 in this archive.  Nor is it news, as subsequent US media reports  claim, that the FBI is investigating Kolomoisky and his US associates for criminal racketeering. The FBI investigation was first reported here. 

What is missing is an explanation of why it has taken so long for the PrivatBank case against Kolomoisky to surface in the US courts and in the US press. Also missing is a list of the accomplices and co-conspirators in the scheme. These include officials of the IMF,  the US and Canadian Governments who knowingly directed billions of dollars into the NBU,  from which, as they knew full well at the time, the money went out to Kolomoisky’s Privat Bank, the largest single Ukrainian recipient of the international cash. At the top of the list of accomplices, immediately subordinate to Clinton, Nuland and Lagarde, are David Lipton, the US deputy managing director  at the IMF, and the head of the IMF in Ukraine until 2017, Jerome Vacher. (more…)

by Editor - Sunday, June 30th, 2019
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By John Helmer, Moscow
  @bears_with

To introduce himself to the international financial markets, ahead of his arrival in Osaka for the G20 summit meetings, President Vladimir Putin has given an interview to the Financial Times, a Japan-owned, England-based newspaper. The publication has headlined its report: “Vladimir Putin has trumpeted the growth of national populist movements in Europe and America, crowing that liberalism is spent as an ideological force.” Putin’s remarks, according to the newspaper, are fresh evidence of Russian interference in the elections of the US and Europe… As the de facto ruler of Russia for almost two decades, Mr Putin, 66, has been regularly accused of covertly supporting populist movements through financial aid and social media, notably in the 2016 US presidential election, the Brexit referendum and the recent European Parliament elections.”

The full transcript, published overnight by the Kremlin,   is a more accurate reflection of Putin’s views. Read the excerpts which the FT hasn’t found fit to quote. (more…)

by Editor - Thursday, June 27th, 2019
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By John Helmer, Moscow
  @bears_with

This week a group of US senators has proposed to leave Turkey in control of the northern part of Cyprus, and force the Greek Cypriots to choose between the US and Russia for the economic and political future  of the south of the island.

The Senate Foreign Relations Committee agreed by a large bipartisan majority on June 25 to put into law a new Eastern Mediterranean strategy. If the bill is enacted, Cyprus will be required to decide that in exchange for American protection from Turkish military threats, including Russian-made S-400 missiles to be based in southwestern Turkey,  the Cyprus  Government must not allow Russian naval vessels to dock at Cypriot ports,  and should block all Russian money and investments on the island.  At the same time, Greece has been told the US military intends to expand its occupation of Crete around the Souda Bay base; at Larissa Air Force Base, midway between Athens and Thessaloniki; and at other Greek locations.

The proposed new law is the most comprehensive plan for American military occupation of Cyprus and Greece since the Greek civil war of the 1950s.  The US plan also establishes State Department censorship of the Greek-language media in Cyprus and Greece, and threatens US sanctions against the Orthodox Church bishops of the two countries. (more…)

by Editor - Wednesday, June 26th, 2019
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By John Helmer, Moscow
  @bears_with

The Russian General Staff has reinforced the air defences for Russians at the Iranian nuclear reactor complex at Bushehr, on the Persian Gulf, according to sources in Moscow. At the same time, Iran has allowed filming of the movement of several of its mobile S-300 air-defence missile batteries to the south, covering the Iranian coastline of the Persian Gulf and the Gulf of Oman. More secretly, elements of Russian military intelligence, electronic warfare, and command and control advisers for Iran’s air defence systems have been mobilized to support Iran against US and allied attacks.

The range of the new surveillance extends well beyond the S-300 strike distance of 200 kilometres, and covers US drone and aircraft bases on the Arabian peninsula, as well as US warships in (and under) the Persian Gulf and off the Gulf of Oman. Early warning of US air and naval-launched attacks has now been cut below the old 4 to 6-minute Iranian threshold. Counter-firing by the Iranian armed forces has been automated from attack warning and target location.

This means that if the US is detected launching a swarm of missiles aimed at Iran’s air-defence sites, uranium mines, reactors, and military operations bunkers, Iran will launch its own swarm of missiles at the US firing platforms, as well as at Saudi and other oil production sites, refineries, and pipelines, as well tankers in ports and under way in the Gulf. (more…)

by Editor - Tuesday, June 25th, 2019
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By John Helmer, Moscow
  @bears_with

The Russian literary intelligentsia doesn’t have a long history – just 200 years of the Russian language in poetry, for example. So it’s to be expected that the writers, including the poets, haven’t had time to overcome the resentment and envy of each other which is still the Russian intelligentsia’s most distinguishing feature, and consuming vice.  London and New York writers have been longer at scribbling for a living;  their vice is still unbridled.

Anna Akhmatova, one of the greatest of Russian poets by the consensus of the poets themselves, suffered throughout her life from every form of resentment causing her no end of hardship. The resentment and betrayals of her multiple husbands and lovers (male and female); of her housekeepers, nurses, and acolytes; of her son Lev Gumilev (Gumilyov); of her fellow poets and members of the Soviet Writers’ Union:  Akhmatova’s fortitude in suffering this  is now part of the history of her character which is as celebrated as her poetry. This is because her poetry may be considered a variable, a matter of aesthetic taste and fashion, which change with the times.

Her endurance, on the other hand, is a constant – her achievement as a Russian who endured the civil war, Stalin’s terror, the German war, the siege of Leningrad, the Communist Party’s punishment. Also, her achievement as a woman whose lyrics of love, abandonment, loneliness and death are a testament to the survival of the spirit against the material odds.  (more…)

by Editor - Monday, June 24th, 2019
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By John Helmer, Moscow
  @bears_with

Dutch prosecutors have announced international arrest warrants and criminal charges against three Russians and a Ukrainian whom they accuse of being part of a chain of Russian military and political command leading to the downing of Malaysia Airlines Flight MH17 over eastern Ukraine on July 17, 2014.

The four are accused of acting in the Ukrainian civil war “to gain ground at the expense of the Ukrainian State and its armed forces”; of cooperating together in actions “which ultimately led to the shooting down of the MH17… Although they did not press the button themselves, it is alleged they worked closely together to get the BUK TELAR [anti-aircraft missile] to the firing location with the aim of shooting down an aircraft. They are therefore suspected to be held jointly responsible for shooting down flight MH17.”

In the anonymous voiceover of a video clip, presented during the June 19 press conference in The Netherlands, the allegation is reported that there was a Russian chain of command for the deployment of a Buk Telar anti-aircraft missile battery of the Russian Army. “It was through this chain that the suspects were able to get heavy military equipment from Russia to the battlefield in eastern Ukraine. And in this way the BUK-Telar of the 53rd brigade could be transported to the agricultural field in Pervomaiskiy and its missile could be fired with terrible consequences.”

Could isn’t the same as did.

The Australian police official at the presentation expressed “faith in the Dutch legal system”. He made no commitment to the Dutch allegations or to the specific claims against the named suspects. He added:  “we will also continue the investigation. The step we have taken today gives us the energy to continue. We will not let go. To progress, we are again appealing for witnesses today.”

The Malaysian government representative refused to endorse the allegations which were announced by the Dutch. (more…)

by Editor - Wednesday, June 19th, 2019
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By John Helmer, Moscow
  @bears_with

Stephen Adler (lead image), the American chief executive of Reuters news agency, has ordered into publication three US Government-directed stories targeting the Russian oil company Rosneft —  the first in mid-April, and two published over the past week. Adler’s operations  support US coup plans in Venezuela and US sanctions against Rosneft and its chief executive, Igor Sechin.

The three publications — the first already corrected by the news agency; the second commissioned from a writer outside the company; the latest missing its byline or author’s name — have triggered dismay among Reuters’ reporters worldwide. A New York source claims Adler’s promotion of US Government-sourced propaganda violates the Reuters Trust Principles  which have regulated the international news agency since 1941.

The first two Reuters principles Adler is accused of breaking are that “Reuters shall at no time pass into the hands of any one interest, group, or faction; [and] that the integrity, independence, and freedom from bias of Thomson Reuters shall at all times be fully preserved.”

Bloomberg sources, commenting privately, say they are delighted at the damage to their rival’s  reputation. A Bloomberg reporter, briefed by the same sources as Adler’s, repeated one of the Reuters stories against Rosneft last week. 

A US investment banker says he’s thinking of shorting his shares of Thomson Reuters, the parent media corporation listed in Toronto and New York, on the calculation that their 63% growth over the past year is now peaking. (more…)

by Editor - Monday, June 17th, 2019
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By John Helmer, Moscow
  @bears_with

Harry Lime, the Third Man, was the character invented by British novelist and one-time intelligence officer Graham Greene, who understood how investment bankers operate when the breakdown of government makes the black market the only source of supply, trade, and profit. Lime’s racket in post-war 1948 Vienna, then occupied by the allied armies, was to steal penicillin from military hospitals; adulterate it by half; then sell it back at double the official price.

In the famous Ferris wheel conversation, high above the Vienna fairground, Lime is asked by his American journalist friend about the morality of making a profit this way. Pointing to people on the ground, Lime responds: “Victims? Don’t be melodramatic. Look down there. Would you really feel any pity if one of those dots stops moving — forever? If I offered you twenty thousand for every dot that stops, would you really, old man, tell me to keep my money or would you calculate how many dots you could afford to spare? Free of income tax, old man. Free of income tax. The only way you can save money nowadays.”

Down on the ground in Moscow,  in the ruins of the country led by Boris Yeltsin in the 1990s, who cared if the dots stopped moving? And in the moral order created then by the US and British governments and their media, acting prime minister Yegor Gaidar and privatization chief Anatoly Chubais, what loss was there to the future of Russia when, like dots,  about ten million people and about twenty million animals stopped moving?

That’s the count of the Russians who would have survived to the average life expectancy of the Soviet welfare state, if Yeltsin and his associates hadn’t destroyed the health care system, their bank savings, employment wages, pensions, and food supplies. It’s also the count of farm livestock slaughtered when the costs of operating collective agriculture outstripped the state budget to pay them, and cattle were killed for immediate cash in the market place.

Robert Stephenson’s newly published book of photographs are of Moscow during the revolution between 1991, when Yeltsin took power from Mikhail Gorbachev, and 1996, when Yeltsin rigged his re-election as president. It’s a combination of bird’s eye view, Graham Greene and Harry Lime-style, with close-ups of the dots. That’s to say, the destruction and the casualties. (more…)

by Editor - Sunday, June 16th, 2019
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By John Helmer, Moscow
  @bears_with

Following police raids last week on a reporter for the Murdoch press in Canberra and the Sydney office of the state Australian Broadcasting Corporation (ABC), journalists in Australia have appealed for international solidarity on press freedom —  a cause which they themselves have failed to defend when others were under the gun. Do they deserve it? (more…)

by Editor - Thursday, June 13th, 2019
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By John Helmer, Moscow
  @bears_with

Today marks the anniversary of Boris Yeltsin’s election as President of Russia.

It is no moment for celebration.

The government which he led successfully over the attempted putsch of last August and through the disintegration of the Soviet Union now lacks credible authority in the Russian federation and among its people.

There is no agreement on a constitution to hold the federation together, or to divide the power granted by Russian votes for
president and parliament. (more…)

by Editor - Tuesday, June 11th, 2019
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