Posts Tagged ‘browder’

30
May 2011

Bill Browder speaking at the European Parliament, 26 May 2011

Bill Browder speaking at the European Parliament on 26 May 2011

For more than a year, William Browder is involved in the case of Sergei Magnitsky. He was the keynote speaker extraordinary meeting of the Delegation of the Committee on Parliamentary Cooperation EU-Russia, where he presented a report containing information about removing the traces of the Russian service, and a list of persons responsible for the death of Sergei Magnitsky. займы на карту срочно займ на карту онлайн www.zp-pdl.com https://zp-pdl.com/online-payday-loans-in-america.php займ на карту без отказов круглосуточно

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30
May 2011

Impudence and Impunity

Russia Profile.org

As Russia prepares for this year’s Economic Forum in St. Petersburg, the long-running saga of the Hermitage Capital Management will loom large in the minds of potential investors and could cast a shadow of uncertainty over Russia’s shaky investment climate. Last week, one of the individuals accused by the British hedge-fund firm of involvement in a $230 million tax scam, finally broke what looked like a sacred vow of silence.

In an interview with the Vedomosti business daily published on Friday, Vladlen Stepanov, the husband of a Russian tax official who allegedly embezzled millions through the tax rebate scam, denied any connection between his wealth and the fraud. He announced that he had filed a lawsuit to protect his honor, dignity and business reputation against the Echo of Moscow radio station, which aired the allegations, and against Jamison Firestone, a managing partner at Firestone Duncan who voiced them.

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27
May 2011

Bill Browder giving Testimony to the European Parliament Subcommittee on Human Rights

Bill Browder giving Testimony to the European Parliament subcommittee on Human Rights. Chaired by Heidi Hautela MEP.

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26
May 2011

BP-Rosneft Shows Russia Is ‘Not Investable’: Browder

CNBC.com

The collapse of a BP share-swap deal with Russian state oil company Rosneft is just one of a string of failures which show that Russia is “uninvestable”, according to William Browder, once the country’s largest portfolio investor.

BP’s [BP 44.71 0.34 (+0.77%) ] proposed tie-up with Rosneft fell through after an agreement could not be reached with Alfa Access Renova (AAR) — a consortium of local billionaires who had a pre-existing joint venture with the oil giant, TNK-BP – to break an earlier contract.

BP had been hoping to work with the state-owned company to explore and develop assets in Russia’s arctic regions.

“What this story shows is the long and sad tale of BP in Russia, and how they’ve basically encountered problems at every single turn in their quest to get Russian oil reserves,” Browder told CNBC.com.

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24
May 2011

Lawmakers introduce Russian “reset”; Russian political prisoners’ appeal denied

The Washington Post

Mikhail B. Khodorkovsky, the imprisoned former oil tycoon, lost an appeal of his second conviction for fraud Tuesday, but his sentence was cut by a year and now will end in 2016.

Khodorkovsky and his business partner and fellow defendant, Platon Lebedev, had been convicted in December of embezzling nearly $30 billion from Yukos, the oil company they ran. Khodorkovsky had antagonized Russian Prime Minister Vladimir Putin, and the charges were widely considered not only politically motivated but also legally dubious.

Khodorkovsky, to the applause of the courtroom crowd, had this stem-winder statement on the court’s ruling:

In what dusty cellar did they dig up that poisonous Stalinist spider who wrote this drivel?
What kind of long-term investments can one talk about with such justice?
No modernization will succeed without a purging of these cellars.

The authors of the verdict have shown both themselves and the judicial system of Russia in an idiotic light, having declared in a high-profile, public trial that in Russia injured parties from a theft receive a profit, that the aspiration to increase it is a crime, that the “right” prices for oil in Siberia must be equal to the prices in Western Europe, transportation, customs duties and restrictedness of export notwithstanding.

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23
May 2011

Swapping Jackson-Vanik for Magnitsky

The Moscow Times

Relations between Cold War-era foes Moscow and Washington have long been distrustful, hypocritical, peppered with mutual insinuations and patched together with the most tenuous of threads. But now, on the eve of State Duma and presidential elections, an inevitable crisis in relations is nearing that threatens to tear them apart at the seams.

Last week, a group of 15 U.S. senators formally introduced a bill targeting Russians for human rights violations and corruption, including 60 officials connected to the jail death of Hermitage lawyer Sergei Magnitsky. The bill would ban them from entering the United States and freeze any U.S.-based assets.

Chances are high that the bill will be passed. The sanctions against corrupt officials and criminals-cum-politicians could serve as a replacement for the Jackson-Vanik amendment that has long been in need of repeal. When U.S. Vice President Joe Biden met with Russian opposition leaders during his visit to Moscow in March, he told us that support was growing on Capitol Hill for new sanctions against Russian crooks and thieves that could replace the old Cold War-era law.

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23
May 2011

President Dmitry Medvedev Craves a New Economic Order Both at Home and Abroad

Russia Profile.org

While an international legal forum is hardly the perfect setting for delving deep into the intricacies of economic governance, in Russia’s highly convoluted regulatory environment the exception is quite often the rule. As in many international discussion forums hosted by Russia lately, economic issues loom large at the St. Petersburg International Legal Forum that kicked off on Friday. “We now need to start discussing new advanced standards in banking, finances and accounting, and common corporate governance standards,” Russia’s President Dmitry Medvedev told participants in a keynote address on Friday.

The three-day legal forum, organized to discuss the role of law in the innovative and safe development of global peace, was attended by nearly 500 legal experts and politicians that included Thorbjorn Jagland, the secretary general of the Council of Europe, Cecilia Malstrom, EU Home Affairs commissioner and Hans van Loon, secretary general of the Hague Conference on Private International Law. Akira Kawamura, the president of the International Bar Association and former German Chancellor Gerhard Schröder also attended the forum, which was organized at the behest of the Russian president.

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23
May 2011

U.S. Senators Seek Magnitsky Sanctions

The Moscow Times

Fourteen U.S. senators have submitted a bipartisan bill that would sanction Russian officials implicated in the death of lawyer Sergei Magnitsky in a Moscow jail and others guilty of human rights violations.

“While this bill bears Sergei Magnitsky’s name in honor of his sacrifice, the language addresses the overall issue of the erosion of the rule of law and human rights in Russia,” Senator Benjamin Cardin, a Democrat, said Thursday when he introduced the legislation in Washington, according to a transcript of his remarks.

The U.S. legislation, whose sponsors include Republican John McCain and independent Joseph Lieberman, would impose a visa ban and asset freeze on the 60 officials implicated in the Magnitsky case. They are from the Federal Security Service, the Interior Ministry, the Prosecutor General’s Office, the Federal Tax Service and the Federal Prison Service.

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22
May 2011

Congress goes after Russian officials for human rights violations

Foreign Policy

President Barack Obama is set to meet with Russian President Dmitri Medvdev on May 26 in France on the sidelines of the G-8 meetings. In advance of that meeting, Congress has unveiled a new bill to force the administration to sanction Russian officials for human rights violations.

“One of the core foreign policy objectives when we came into office was the Russia reset,” Deputy National Security Advisor Ben Rhodes told reporters on a conference call on Friday. “It has been one of the most productive relationships for the United States in terms of the signing and ratification of the New START treaty, cooperation on nuclear security, cooperation with regard to Iran sanctions and nonproliferation generally, the northern distribution network into Afghanistan that supports our effort there, and our discussions with Russia about expanding trade ties and their interest in joining the WTO, as well as Russia’s increased cooperation with NATO that was manifested by the NATO-Russia meetings in Lisbon.”

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