RUSSIALINK: “Calvey to stay under house arrest till mid-summer” – Interfax

Kremlin and River

MOSCOW. April 12 (Interfax) – The Basmanny District Court in Moscow has extended the period of house arrest of Baring Vostok investment fund founder and senior partner Michael Calvey, who is charged with fraud, until July 14, an Interfax correspondent reported from the courtroom. “The court will grant the request of investigators. The court will also extend the period of […]

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JRL NEWSWATCH: “The UK executives helping Putin burnish Russia’s image; Meeting with top British businessmen could not come at a better time for the Kremlin” – Financial Times/ Henry Foy

File Photo of British Parliament Building, Big Ben, Thames, adapted from image at loc.gov

“Eleven years ago [BP’s] Bob Dudley … fled [Russia] citing ‘sustained harassment of the company and myself’ and threats to his life allegedly directed by politically connected oligarchs and Russia’s security services. Last month … Dudley, now head of the British oil group, was back, telling … Putin … at the Kremlin that he and the British company ‘deeply appreciate […]

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RUSSIALINK: “Ombudsman Titov Appeals to Russian Authorities Over Detained Businessmen” – Moscow Times

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Moscow Times – themoscowtimes.com – March 22, 2019) Business ombudsman Boris Titov has appealed to federal prosecutors over a group of Russian businessmen currently being held in pre-trial detention. Russia’s business community has expressed growing concern over the pre-trial detention of U.S. investor Michael Calvey, who has been held on embezzlement charges since Feb. 14. President Vladimir Putin on Wednesday […]

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JRL NEWSWATCH: “U.S. investor jailed by Russia tells Washington to keep distance: prison monitor” – Reuters

File Photo of U.S. Embassy Moscow, with Russian Foreign Ministry Building in Distance

“The detention … of Michael Calvey, founder of the Baring Vostok private equity group, has strained U.S.-Russia ties and stoked talk of a possible U.S. boycott of an annual economic forum in June attended by … Putin. Calvey was detained along with three other executives from Baring Vostok after investigators accused them of stealing 2.5 billion roubles ($38.09 million), a […]

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RUSSIALINK: “Spokesman suggests Putin unhappy with prosecution of businesspeople” – Interfax

Dmitry Peskov file photo adapted from image at kremlin.ru/wikimedia commons

(Interfax – February 21, 2019) Russian President Vladimir Putin is unhappy with the continuing practice of arresting businesspeople suspected of committing economic crimes, his spokesman has suggested. His remarks come after US financier Michael Calvey was detained and later charged with fraud in a move that has caused disquiet among investors. “The president is dissatisfied with how effectively his orders […]

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RUSSIALINK: “Having an Honest Business Is Not Possible in Russia, Majority Says” – Moscow Times

Men Sitting Around Long Oval Boardroom Table, File Photo of FIFA Officials Meeting with Vladmir Putin

(Moscow Times – themoscowtimes.com – February 20, 2019) A majority of Russians say that doing business in the country without breaking a few rules is impossible, according to a newly released state-funded survey. The poll was carried out a day after Michael Calvey, a U.S. citizen and one of the biggest private equity investors in Russia, was detained on suspicion […]

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JRL NEWSWATCH: “Calvey’s arrest sends chill through Russia’s foreign investors; U.S. founder of Moscow-based Baring Vostok was seen as savvy operator” – Financial Times/ Max Seddon, Anne-Sylvaine Chassany

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“Kremlin officials were touting Russia’s investment opportunities at a [Sochi resort] conference … when news trickled out that one of the country’s last remaining American investors had been thrown behind bars. Michael Calvey … founder of Moscow-based private equity fund manager Baring Vostok, remained one of the last Russia bulls at a time when most of his contemporaries had left […]

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Russia’s Kudrin Calls Detention Of American Investor ‘Emergency’ For Economy

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

(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – February 19, 2019 – article text also appeared at rferl.org/a/russian-official-calls-us-investor-s-detention-emergency-for-economy-/29778434.html) A longtime former finance minister who is close to President Vladimir Putin has called the arrest of a prominent American investment-fund manager an “emergency” for the Russian economy, suggesting it could further damage the country’s image and harm the […]

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JRL NEWSWATCH: “Is the arrest of US fund manager Michael Calvey a litmus test for Russia?” – bne Intellinews/ Ben Aris

File Photo of Outdoor Electronic Sign with Russian Exchange Data

“The arrest of Michael Calvey on February 14 on ‘large-scale embezzlement’ charges sent shockwaves …. Calvey has been both a savvy investor and at pains to keep his head down. He never comments on politics and is known as a straight shooter. … What is unusual is that a court issues an arrest warrant and a leading fund manager and […]

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