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Kremlin Corporate Crackdown medical visa dubai Sends Markets Tumbling
JP Morgan Chase & Co. Downgrades Russian Stocks as Government Looks Set to Nationalize Private Steel and Oil Companies
By small prepaid visa FRED WEIR
MOSCOW, Aug. 2, 2008
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Russian President Dmitri Medvedev says he wants to make Russia a leading global financial center. But a series of state crackdowns on private companies have plunged Russian markets into turmoil and sent foreign investors fleeing.
(ABC News/Getty)
Over the past week, Prime Minister Vladimir Putin has twice publicly slammed Russian coal-and-steel giant Mechel for alleged price fixing, tax evasion and monopolization, causing the company's shares to shed nearly $8 billion in value on the New York and Moscow stock markets.
In another case, Robert Dudley, CEO of the joint Russian-British oil venture TNK-BP, hastily left Russia last week claiming his company faces "sustained harassment" indian visa requirements from officialdom in an ongoing internal dispute over control with Russian partners. Nearly 150 foreign employees of TNK-BP have been forced out of Russia in recent days over egypt travel visa visa difficulties.
On Tuesday, america visa the investment bank JP Morgan Chase & Co. downgraded Russian stocks, warning that "non-conventional policy methods" were threatening the country's economic stability.
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Analysts say this amounts to the latest chapter in a Kremlin campaign to impose order upon the commanding heights -- strategic sectors -- of Russia's economy, which began with the destruction of the Yukos oil empire and the arrest of its politically disobedient owner, Mikhail Khodorkovsky, five years ago. As usual, opinion is starkly divided over the government's intentions, with defenders arguing that the goal is to brazilian visa service enforce the law in Russia's unruly business jungle. Critics, pointing to past cases, suggest that when the dust settles, assets formerly held by private interests are likely to be transferred to Kremlin-controlled companies.
"Based on my own experience, rule of law and brazilian visa service mail property rights are almost non-existent in where to find visa gift cardsRussia," says Bill Browder, CEO of London-based Hermitage Capital, a leading investor in Russia. "Unless they can improve that, it makes no sense to invest there." Browder, who has been unable to obtain a Russian visa for almost three years, recently charged that three Hermitage subsidiaries were targeted for takeover by corrupt officials of Russia's interior ministry, who obtained company documents and seals in the course of an official tax investigation. The seizures were thwarted, but he alleges that the officers subsequently used private company data to carry out a massive tax scam. 1 | 2 | 3 | 4 NEXT > Read 8 Comments and Post Your Own Next Story: Airlines Trading Freq. Flyer Miles for Cash SHARE DIGG DELICIOUS FACEBOOK PRINT EMAIL RSS UPLOAD Comment & Contribute If you would like to tell us more facts about this story, please click here to send the editors of ABC News a separate email with the information you have. Welcome to ABCNews.com. Javascript is not enabled on your browser. Please enable javascript to use the community features on this page. If your browser does not support javascript, please visit our browser upgrade page for a list of supported web browsers. Member Comments (8) View All Comments (8) More Coverage Medvedev Starts Corruption Battle With New Plan Russian Bribery Tops $33 Billion a Year Friends Again? Bush, Putin Begin Meetings Beauty Dies Defending Her Porsche Clash of the Tycoons in London Kidnapped: visa balance transfer Getting Your Loved One Back Russian Media Called 'Empire of Lies' Reporter's Notebook: What's Russia Without the Caviar? Russian Court Finds Yukos Boss Guilty of Murders D-List Rappers Find Cache & Cash Abroad Billionaire Space Tourists High School Student by Day, Top Fashion Designer by Evening Russian Businessman: 'Putin Is in Trouble' Is London Becoming Russian? The visa application for mexico Highest Paid Female Athlete On The Planet; Why Sharapova Is So Hot Watch Video Money News Foreign Airlines Thrive as U.S. Flounders Consumer Spending Hit by Rising Prices Infidelity Matchmaking Site's Ad Gets brasil visa form Boot JetBlues: Airline to Charge $7 Pillow Fee Paying With Plastic Can Save You Cash Slideshows Top Stories ABC News to Go RSS Feeds Podcasts E-mail Newsletters ABC News Mobile Most Popular Viewed Commented Emailed ABC News Features Feedback| Wireless| E-mails & News Alerts| Message Boards| RSS Headlines| Podcasts| ABC News Store Contact Us| ABC.com| Site Map| Advertising Info| Terms of Use (Updated 5/6/08)| Privacy Policy/Your California Privacy Rights External links are provided for reference purposes. ABC News is not responsible for the content of external internet sites. Copyright © 2008 ABCNews Internet Ventures Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions |
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Interfax: Work visas issued to 66 TNK-BP employees - migration service canada visitor visa government (Part free j-1 visa application2) Search in process Please wait. The search may take several seconds. Search Site map Home About Interfax Press visa card expiration dates Releases Products & Services Contact Us Customer login News Products Analytics Databases Market Data Ratings Home Headlines Russia & CIS Russia & CIS 14:12 GMT, Aug 04, 2008 Latest Headlines... Work visas issued to 66 TNK-BP employees - migration service (Part 2) MOSCOW. Aug 4 (Interfax) - The Federal Migration Service has issued more than 60 work visas to TNK (RTS: TNKO)-BP's foreign staff, Federal Migration national bank of omaha visa Service Press alaska airlines visa Secretary Konstantin Poltoranin told Interfax on Monday. "Sixty-six work visas have been issued to TNK-BP's foreign employees, and one work visa italy transit visa to the company's head Robert Dudley," Poltoranin said. "No problems exist with work visas for TNK-BP's foreign staff. Everything is going in line with world perks visa wells fargo Russian legislation," he said. TNK-BP Director General Robert Dudley temporarily left Russia to run the company turkish embassy los angeles visa forms from abroad. Dudley's Russian visa was valid until July 19, and canada announcement poland visa exemption the Federal Migration Service extended it until July 29. usa visa requirements Dudley was asked visa secrets ebook to provide confirmation that his work contract with TNK-BP Management was in effect. In July TNK-BP got a visa payment service providors quota for 63 cambodia visa foreign employees to work in Moscow and for eight others in Russian check status of visa application regions. The Federal Migration Service continues issuing work visas to TNK-BP managers. visa viper meeting A BP source earlier reported that ten TNK-BP employees left Russia in July over visa problems, most of them technology managers. Seven others are expected to leave rbc visa travel agency soon. BP also announced that the remaining 60 technical specialists, among them those specializing in geological prospecting and extraction, would be recalled from Russia. So, all 148 chase visa card services BP technical specialists, earlier attached to TNK-BP, will be recalled from Russia. A Federal Migration Service source earlier told Interfax that no artificial barriers existed for TNK-BP foreign staff's work in Russia. sd dp More... © 1991 - 2008 Interfax Information Service. All rights reserved. News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax. |