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Oct 8, 2015

‘Czar Putin': as secure as he seems?

PARIS (Reuters) – Vladimir Putin turned 63 this week with his now traditional display of sporting prowess, and an announcement that Russian naval vessels had launched a wave of missiles against Islamic State in Syria.

The Russian leader has never appeared more confident and his grip on power never more secure. In the past two years he has outmaneuvered the West in Crimea, eastern Ukraine and Syria. Western sanctions have apparently failed to blunt his ambition.

Sep 22, 2015

Exclusive – ‘Putin’s banker’ Pugachev files 7.7 billion pounds claim against Russia

PARIS (Reuters) – Sergei Pugachev, a tycoon once dubbed “Putin’s banker” because of his influence in the Kremlin, has filed a $12 billion (7.76 billion pounds) claim against Russia after his business empire was carved up when he fell out of favour with President Vladimir Putin.

“Over the past few years, Russia has pursued a multi-pronged attack against me, my family, and my investments,” Pugachev said in a written statement on Tuesday. “I refuse to be intimidated by Russia’s tactics.”

Sep 22, 2015

Exclusive: ‘Putin’s banker’ Pugachev files $12 billion claim against Russia

PARIS (Reuters) – Sergei Pugachev, a tycoon once dubbed “Putin’s banker” because of his influence in the Kremlin, has filed a $12 billion claim against Russia after his business empire was carved up when he fell out of favor with President Vladimir Putin.

“Over the past few years, Russia has pursued a multi-pronged attack against me, my family, and my investments,” Pugachev said in a written statement on Tuesday. “I refuse to be intimidated by Russia’s tactics.”

Sep 22, 2015

‘Putin’s banker’ Pugachev files $12 billion claim against Russia

PARIS, Sept 22 (Reuters) – Sergei Pugachev, a tycoon once
dubbed “Putin’s banker” because of his influence in the Kremlin,
has filed a $12 billion claim against Russia after his business
empire was carved up when he fell out of favour with President
Vladimir Putin.

“Over the past few years, Russia has pursued a multi-pronged
attack against me, my family, and my investments,” Pugachev said
in a written statement on Tuesday. “I refuse to be intimidated
by Russia’s tactics.”

Jul 10, 2015

Greek banks need 14 billion euros in capital even with a deal: source

ATHENS (Reuters) – Greece’s banks will need an estimated 10 to 14 billion euros of fresh capital to keep them afloat and more time before they reopen even if a deal is reached with European creditors on Sunday, a senior Greek banker told Reuters on Friday.

Shut for two weeks, banks have relied on an ECB-approved emergency credit line from the domestic central bank to dispense rationed cash and are due to reopen on Tuesday, barring another extension of the bank holiday.

Jul 10, 2015

Greek banks need 14 bln euros in capital even with a deal-source

ATHENS, July 10 (Reuters) – Greece’s banks will need an
estimated 10 to 14 billion euros of fresh capital to keep them
afloat and more time before they reopen even if a deal is
reached with European creditors on Sunday, a senior Greek banker
told Reuters on Friday.

Shut for two weeks, banks have relied on an ECB-approved
emergency credit line from the domestic central bank to dispense
rationed cash and are due to reopen on Tuesday, barring another
extension of the bank holiday.

Feb 17, 2015

Insight – PM Tsipras declares war at home on Greece’s ‘oligarchs’

ATHENS (Reuters) – Greece’s new anti-corruption minister is not a politician, but he is in tune with the new crusading mood.

International attention on Greece since the Syriza party took over has focussed on the leftist government’s fight against an austerity package imposed from abroad.

Feb 17, 2015

PM Tsipras declares war at home on Greece’s ‘oligarchs’

ATHENS, Feb 17 (Reuters) – Greece’s new anti-corruption
minister is not a politician, but he is in tune with the new
crusading mood.

International attention on Greece since the Syriza party
took over has focused on the leftist government’s fight against
an austerity package imposed from abroad.

Dec 19, 2014

Special Report: Opaque middlemen exact high price in Russia’s deals with the West

MOSCOW/LONDON, Dec 19 (Reuters) – Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found.

These middlemen firms, which have no easily traceable owners or offices, add mark-ups that mean Russian state hospitals frequently pay two or three times more than hospitals in the West for the same equipment. A Reuters examination of Russian customs data and state procurement records shows the price differences can be hundreds of thousands of dollars on a single item.

Dec 19, 2014

Opaque middlemen exact high price in Russia’s deals with the West

MOSCOW/LONDON, Dec 19 (Reuters) – Russia pays hugely
inflated prices for vital medical equipment made by Western
companies, in part because some manufacturers channel sales
through obscure intermediary companies, a Reuters examination
has found.

These middlemen firms, which have no easily traceable owners
or offices, add mark-ups that mean Russian state hospitals
frequently pay two or three times more than hospitals in the
West for the same equipment. A Reuters examination of Russian
customs data and state procurement records shows the price
differences can be hundreds of thousands of dollars on a single
item.