Bank at the center of US inquiry projects Russian ‘soft power’

  Grigory Dukor | Reuters Sergei Gorkov, Chairman of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, speaks with participants during the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. It has offices in a sleek Manhattan skyscraper. Its bonds are accessible to millions of American investors. And it holds ties to some of New York’s biggest banks. Despite this presence on Wall Street, detailed in previously unreported financial records, Vnesheconombank, or VEB, is no normal bank. It is wholly owned by the Russian state. It…

Read More

Trumplomacy hits Russian wall

Reminder: that’s when lawmakers questioned whether Rex Tillerson’s history of doing business deals with Russia would make him too cosy with the Kremlin to represent US interests as America’s top diplomat. Fast forward to Mr Tillerson’s reception on Wednesday by his Russian counterpart, Sergei Lavrov. Mr Lavrov levelled a litany of complaints about the “extremely ambiguous and contradictory” policy talk in Washington and “unlawful” US strikes in Syria. Then he twisted the knife a bit, pointedly noting that many key State Department posts have yet to be filled by the…

Read More

Liden & Denz opens Russian school in Siberia

The new school, Liden & Denz Irkutsk, will open this year and will offer Russian language classes. It will consist of six classrooms, and will host a total of 60 students at capacity. “Opening in Irkutsk adds Siberia, a very attractive tourist region, to our portfolio of destinations” Individual classes will be offered from April, while group classes will run in the summer period between the start of June and mid-September. The centre will be run by Swiss national, Félix Baumann, who has 15 years of experience teaching foreign languages….

Read More

Russian Regulators Scoop Apple Into Price-Fixing Probe

A Russian regulatory authority earlier this week named Apple, along with more than a dozen Russian retailers, as a target for an investigation into price-fixing activities. The Federal Antimonopoly Service, or FAS, has seen signs of price-setting coordination among iPhone resellers in Russia, according to a notice published on the agency’s website. A preliminary investigation revealed that since last fall, when Apple introduced the iPhone 6s and 6s Plus in Russia, a majority of resellers have maintained the same prices for the phones for “a certain period of time,” the…

Read More

Ukraine finds Russian ‘soldiers’ guilty of waging war

A Ukrainian court has convicted two alleged Russian special forces soldiers of crimes including terrorism and sentenced them to 14 years in jail. The pair – Yevgeny Yerofeyev and Alexander Alexandrov – were captured in eastern Ukraine last May. Russia denies sending troops to the region and has said the men were volunteers who had left active service. A fragile ceasefire is in place in eastern Ukraine between the army and pro-Russian rebels. The court in Kiev found Yerofeyev and Alexandrov guilty of waging an “aggressive war” against Ukraine, committing…

Read More