Posts Tagged ‘Davos’
Am I wrong on Obama’s Russia policy?
Over at Forbes, Mark Adomanis offers a critique of my recent NRO article “Why the GOP Candidates Should Talk about Russia.” He says he’s “genuinely unsure” what my “actual criticism is.” Allow me to clarify.
As much as I’d like to lay claim to a uniquely sophisticated argument that only an expert Russia watcher could possibly understand, it’s actually pretty straightforward: The Obama administration exaggerates the accomplishments of its Russia policy to offset a shortage of foreign-policy achievements in other areas. (I state this verbatim on several occasions in the article.) Basically, the piece was intended to highlight the disparity between the administration’s rhetoric and the reality of our relationship with, not Russia necessarily, but the current occupants of the Kremlin.
Adomanis seems to take issue with that. In response to my mention of the qualified nature of Moscow’s support for U.S. efforts in Afghanistan, he explains that Russia doesn’t want to end up with a permanent NATO presence in Central Asia, which the Kremlin sees as part of its “sphere of influence.” Russia will offer “sufficient assistance to ensure the Taliban cannot win,” he says, but won’t help us transform Afghanistan into an “American satrapy,” especially after the U.S. “fomented ‘colored revolutions’ all throughout the post-Soviet space.”
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Medvedev Seen Clinging to Job as Putin Frets About Economy
Prime Minister Dmitry Medvedev is clinging to his job as President Vladimir Putin grows increasingly frustrated with his protege’s inability to boost growth, three current and former Kremlin advisers said.
Putin criticized Medvedev’s government last week for failing to adapt to a “post-crisis” economic model. That followed what Izvestia, a newspaper owned by Putin ally Yury Kovalchuk, said Jan. 15 was a leaked Kremlin scorecard giving most ministers either average or “underperforming” marks. Medvedev said the scores were “plucked out of thin air.”
Medvedev, 47, is in a “very precarious position,” Sergei Markov, a political adviser to Putin’s staff and vice rector of the Plekhanov Russian University of Economics, said in an interview in Moscow. “He has a promise from Putin about his role as prime minister, but there are some very powerful forces that see him as a threat.”
Putin, 60, was forced by the constitution to cede the presidency after his second-straight term ended in 2008. Medvedev, the prime minister at the time, became president and appointed Putin his premier. The two swapped jobs again last May after elections that sparked the biggest protests of Putin’s political career.
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Russia Hires Goldman to Boost Investor Image Abroad
Russia hired Goldman Sachs Group Inc. (GS) to boost its image abroad as the most corrupt country among the Group of 20 last year seeks to attract foreign investors.
The Economy Ministry and the Russian Direct Investment Fund have signed a memorandum with Goldman under which the New York- based bank will advise on issues such as communicating government decisions, according to Deputy Economy Minister Sergei Belyakov. State-owned banks including OAO Sberbank (SBER) and VTB Group will also assist, he said.
“We don’t know how to communicate with investors,” Belyakov told reporters today in Moscow.
President Vladimir Putin last year ordered the government to improve Russia’s standing in the World Bank’s Doing Business rating to 20th by 2018. It climbed eight positions to 112 in the latest study, issued in October. While that’s better than BRIC peers India and Brazil, Russia is still the worst among major economies in terms of graft, Transparency International said last month in its annual Corruption Perceptions Index.
The world’s largest energy exporter plans to raise a record $10 billion from asset sales this year, First Deputy Prime Minister Igor Shuvalov said in an interview with Bloomberg Television this month. While corruption continues to be an issue, it’s less of an issue for foreign investors who have already committed to Russia, Shuvalov said.
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Did Prime Minister Medvedev physically threaten Russia’s most acid billionaire critic?
Russian Prime Minister Dmitry Medvedev appeared to physically threaten an American billionaire critic of his country in an off-the-record briefing with journalists, the billionaire says.
Because the briefing last week at Davos operated under Chatham House rules, which bar the disclosure of remarks attributed to specific individuals, none of the journalists has written about the session with Medvedev. But Bill Browder, CEO of Hermitage Capital, says that (video) four journalists who attended the Jan. 24 briefing told him of Medvedev’s remarks.
Browder, once one of Russia’s most enthusiastic Western investors and now one of its most acid critics, accuses Russian officials of murdering his lawyer, Sergei Magnitsky, after an expose accused them of stealing $230 million in government revenue. Magnitsky died in a Moscow jail in 2009, and the US has passed a law called the Magnitsky Act that bars US entry for Russian officials allegedly complicit in the death. Lithuania has frozen bank accounts allegedly used to secretly get some of the money out of Russia.
The reported remarks are highly unusual not just in their content but their source—Medvedev is typically one of Russia’s most mild-mannered senior leaders, particularly compared with the pugnacious and outspoken president, Vladimir Putin.
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Hearing Postponed In Posthumous Trial Of Magnitsky
A preliminary hearing has been postponed in the posthumous trial of Sergei Magnitsky, the Russian lawyer who died in prison in 2009 after accusing government officials in a massive fraud scheme.
A Magnitsky family lawyer told the Interfax news agency that the family would not cooperate in the trial, which has now been set for February 18. The court announced it will appoint lawyers to defend Magnitsky.
Prosecutors filed new charges of tax evasion against Magnitsky last year. Charges have also been filed against William Browder, the owner of the Hermitage Capital investment fund where Magnitsky worked. Browder, who is outside Russia, is to be tried in absentia.
Supporters, NGOs, and the Kremlin’s own human rights commission say the 37-year-old Magnitsky was denied proper medical care and abused during nearly a year in pre-trial detention. He was arrested after implicating mid-ranking Interior Ministry and tax officials in a $230 million scheme to defraud the government. His case has become an international symbol of Russia’s human rights and rule-of-law failings.
According to Professor David M. Crane, who specializes in international criminal and humanitarian law at Syracuse University College of Law in the United States, the proceedings against Magnitsky are highly unusual.
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Always the Last to Know
Dmitri Medvedev-prime minister of Russia, at least until Putin needs a sacrificial victim to blame for some failure, that being the main role of a Russian PM-claims that Russian business has not been harmed by the Magnitsky controversy:
Medvedev said the whistleblower’s death in jail, for which no one has been brought to justice, was being used by Kremlin critics to score points but was of no import to business leaders.
. . . .
“It does not interest anyone, except maybe certain citizens who are trying to use it to accumulate political capital,” said Medvedev, who was president from 2008 until Vladimir Putin returned to the Kremlin last May.
“Not a single businessman raises this issue,” he told state television in an interview focusing on his role in the forum. “But unfortunately it has become a factor in political life.”
Biznessmen have a different story-off the record, which is part of the point:
With international concern spreading after the 2009 death of Sergei Magnitsky, some Russian tycoons are worried their legitimate cross-border money transfers involving anything from industrial investments to luxury properties will get hit by red tape.
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Sergei Magnitsky’s Russian trial condemned as ‘absurd’
A Moscow trial to prosecute the dead whistle-blowing lawyer who exposed huge tax fraud among Russian officials has been labelled a “Stalin show trial” and an “absurd” attempt to discredit him.
Sergei Magnitsky died in custody in November 2009 at the age of 37 after being abused and denied essential medical treatment by prison officials.
The lawyer had been jailed after being accused of the very same crime that he revealed, which involved senior policemen and tax officials.
The case against him was closed a fortnight after his death but was later restarted and Moscow’s Tverskoy Court is to hold an initial hearing in the unprecedented posthumous trial starting on Monday.
William Browder, the head of the UK-based investment fund that Mr Magnitsky worked for, is also to be tried, albeit in absentia.
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Investor seeks justice at Davos for attorney killed in Russian prison
Each year, the Russian presence at the World Economic Forum seems to grow, with government and business delegations courting investment, as well as the press.
And each year, Bill Browder of Hermitage Capital, comes to Davos to, among other things, seek justice for his lawyer Sergei Magnitsky, who he claims was killed in a Russian prison while investigating tax fraud.
Browder, who with the late Edmund Safra founded founded the investment firm which specializes in Russian markets, does not mince words.
“The Russian government plays this silly game,” Browder said. “They wash up, dress up, come to Davos and pretend they are normal, Western business people looking to attract investment, and in my opinion, they shouldn’t be allowed to behave like criminals at home and then dine at our tables with white tablecloths when they come to Davos.”
Browder claims Magnitsky, who was 37, when he died in 2007, was tortured, and ultimately denied medical care in jail. Browder, who had been the biggest foreign portfolio investor in Russia, claims $230 million he paid in taxes to the Russian government was stolen by people with ties to the government. Magnitsky had been looking for the money.
The Russians are defiant about the case, and have not convicted anyone.
But Browder has succeeded in lobbying Washington to pass legislation that places asset freezes and visa bans on the 60-some people he says were in some way involved or complicit in Magnitsky’s death. The law, which carries various sanctions for human rights abusers, is believed to have prompted Russia to ban adoptions of Russian orphans by Americans in retaliation, according to reports.
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Russian tycoons concerned as Magnitsky fallout spreads
Reuters
* Death of anti-corruption lawyer creates intl tensions
* Executives concerned about impact of standoff with U.S.
* Investigations have taken place in 3 European countries
* Swiss and others have been conduits for Russian funds
* Magnitsky case seen adding to negative view of Russia
By Dmitry Zhdannikov and Darya Korsunskaya
DAVOS, Switzerland, Jan 25 (Reuters) – It began with the death of an anti-corruption lawyer in a Moscow jail and grew into a row between Russia and the United States. Now Russia’s business elite are worried their interests could be harmed by fallout from the Magnitsky affair.
With international concern spreading after the 2009 death of Sergei Magnitsky, some Russian tycoons are worried their legitimate cross-border money transfers involving anything from industrial investments to luxury properties will get hit by red tape.
And they complain that the Kremlin’s hard-line stance on Magnitsky is not doing them any favours.
“The Russian business (community) is absolutely united. The situation is more than bad and things may well spread to the EU and UK and God knows who could be sucked in,” said a Russian billionaire, speaking at the World Economic Forum in Davos.
The billionaire asked not to be named as he said the Russian business establishment was still afraid of bringing up the matter with Russian President Vladimir Putin.
Russian business has tried to stay out of politics since the country’s then richest man Mikhail Khodorkovsky was jailed for tax evasion in the last decade, a move Putin’s critics say was revenge for Khodorkovsky’s political ambitions.
Magnitsky died in a Moscow prison while in pre-trial custody on tax evasion changes.
Authorities said the 37-year-old died of a heart attack, but his former employer, investment fund Hermitage Capital, says he was killed because he was investigating a $230 million theft by mid-ranking interior and tax officials.
The Russian business elite was at first broadly indifferent to the case, but that changed last year when the United States introduced its “Magnitsky Act”, imposing sanctions on dozens of Russians, whom Hermitage and its owner Bill Browder accused of being involved in money laundering and the lawyer’s death.
Russia responded by banning the adoption of Russian children by Americans. And subsequently the fallout from the affair has increased.
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