The Loyalty of Fear; Putin sends a message to the elite with the arrest of Russia’s economic development minister

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

(Moscow Times – themoscowtimes.com – Eva Hartog, Mikhail Fishman – November 16, 2016) It was an awkward, dramatic national moment for Russia: a bonafide minister of the federal government standing in court as the defendant, facing corruption charges and promising his cooperation to prosecutors, pleading to be released on bail. The hearing ended slightly anticlimactically, with a decision to place […]

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Russia eyes $12.6 billion windfall from privatization of state companies

File Photo of Kremlin Tower, St. Basil's, Red Square at Night

In 2016 the government intends to sell a part of the shares in its large raw commodity companies. The buyers can be foreign investors, but on certain conditions. It has already been announced that shares in Russia’s largest diamond mining company, Alrosa, will be sold through the Moscow Stock Exchange. (Russia Beyond the Headlines – rbth.ru – ANNA KUCHMA, RBTH […]

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Interfax: Chief of staff says businessman’s arrest damaging Russia’s investment climate

File Photo of Sergei Ivanov, adapted from defense.gov image

(Interfax – October 15, 2014) Kremlin chief of staff Sergey Ivanov has said that the house arrest of billionaire businessman Vladimir Yevtushenkov is damaging Russia’s investment climate. In an interview with popular pro-Kremlin tabloid Komsomolskaya Pravda, which was quoted by Interfax news agency, Ivanov said that “I agree, this [the arrest of Yevtushenkov] is having a bad influence of the […]

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