Posts Tagged ‘emerging markets’
US senators seek visa bans for two senior Magnitsky officials
Two senators have urged Secretary of State Hillary Clinton to consider banning entry into the US for two senior Russian police officials who are believed to be complicit in the death of Hermitage Capital lawyer Sergei Magnitsky.
Earlier, the State Department put dozens of Russian officials blamed for Magnitsky’s death on a no-visa list after Russian authorities refused to take action against them.
Generals Tatiana Gerasimova and Nikolai Shelepanov, senior figures in the Russian Interior Ministry’s criminal investigation arm, are planning a visit to Washington to discuss intellectual property rights.
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Canadians mull visa ban for Magnitsky officials
Canada is considering joining the United States in denying entry visas to Russian officials blamed for the death in jail of Hermitage Capital fund lawyer Sergei Magnitsky.
“The ongoing impunity, and indeed, in this instance shocking impunity regarding Russian officials is as scandalous as it is shocking,” Irwin Cotler, a member of Canada’s Parliament, said in introducing a bill to the legislature that would slap a visa ban on the officials’ families as well as on themselves.
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Dutch minister urges EU-wide sanctions on Magnitsky’s alleged killers
Dutch Foreign Minister Uri Rosenthal has called for European Union-wide sanctions on Russian officials blamed for the death of Hermitage Capital lawyer Sergei Magnitsky if Russia fails to take criminal action against them.
“Depending on the outcomes of the Russian judicial investigation, I intend to raise the possibility of further action at EU level,” a Hermitage statement quoted Rosenthal as saying in a letter to the Dutch parliament.
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Magnitsky mother to be questioned by her son’s alleged killers
Sergei Magnitsky’s mother has been summoned for an interrogation as part of the tax evasion case reopened against the Hermitage Capital lawyer in July, 20 months after his death in a Moscow jail.
Natalia Magnitskaya will be questioned as a witness by police officers whom Hermitage accuses of torturing the anti-corruption lawyer to death, the British fund said in a statement.
Magnitskaya’s planned interrogation on September 8 is “a cynical and cruel action designed to suppress his family’s efforts in seeking justice”, Hermitage said.
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Browder to fight on despite moves to wind down his case
Bill Browder, the head of the Hermitage Capital, is to carry on fighting for justice in the Sergei Magnitsky case even as a criminal case against his UK-based hedge fund seems to be winding down.
Kommersant yesterday reported that documents relating to Browder’s criminal case for alleged tax evasion were sent to the head police department of Moscow’s central administrative district and Browder was removed from the international wanted list.
These changes are believed to be linked with Russian President Dmitry Medvedev’s order to look into the case against Magnitsky, Hermitage Capital’s lawyer who had died in pre-trial detention over a year ago. Magnitsky was held on remand in 2008 on tax evasion charges after attempting to defend Hermitage, once Russia’s top foreign investor, against the same charges.
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A triple test for investing in emerging markets
Emerging markets are popular these days, but how safe are these far-flung investments?
The Egyptian and Tunisian revolts prove that you can’t assess the risk of emerging markets simply by looking at economic data. Even Israel’s famed intelligence service failed to predict the recent uprisings in its own backyard, just as the CIA did not foresee the collapse of East Germany in 1989.
Or rather, one person did foresee the latter. Vernon Walters, then-U.S. ambassador to West Germany, had just returned from East Germany where he talked to people on the street, and quickly cabled James Baker, then Secretary of State, to report that the communist state would erupt. Mr. Walters was scorned, but he was right – the Berlin Wall fell in a week.
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