Word: moscow
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Dates: during 1990-1999
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...Bank of New York's East European division, the Russian-born, Princeton-educated businesswoman charmed and cajoled, wined and dined her way to the forefront of the correspondent banking business in the heady days of Russia's breakaway from communism. Muscling out American rivals through her web of Moscow connections, she turned the Bank of New York into the biggest U.S. servicer of Russian accounts, moving along the flood tide of cash rolling out of the ebullient new economy in return for lucrative bank fees. When she wanted to snatch the business of the rich Moscow-based Inkombank away from...
...Bank of New York irregularity is only one on a list of scandals, involving alleged money laundering, mob operations and corruption in high places, that are suddenly in the spotlight. The stories are old news in Moscow, where the highway robbery that has stripped the country of assets and enriched a handful of crony capitalists has been going on ever since "reform" arrived in 1991. An impoverished, disillusioned populace long ago lost its capacity for outrage. With bombs exploding around their country, looming war in the Caucasus and rumors of a political crisis to worry about, Russians have written...
There is much to debate about what the U.S. did well or poorly to encourage Russia's transformation. The Clinton Administration hurt itself by steadfastly overlooking Russia's failures. Officials complained privately to Moscow from time to time about rampant corruption, but to listen to them now you'd think it had been at the top of their list for years. Suddenly they are trumpeting Clinton's stern warning recently to the latest Russian Prime Minister that corruption "could eat the heart out of Russian society." Last week Secretary of State Madeleine Albright acknowledged that the "Herculean task" of transforming...
...Gore had hoped his work on Russia would serve as Exhibit A in proving his readiness to step into the President's job. Now it makes him accountable for the Administration's decisions. He will face questions about where the money that he helped pump into Moscow actually went and about his friendship with Viktor Chernomyrdin while the former Prime Minister was suspected of stashing away millions. Administration officials concede that they underestimated the groundswell of corruption that came with Russian privatization. They had plenty of intelligence about the kleptocratic shenanigans, but didn't want to let it derail more...
...Sichel said. One of the early CIA exploits was Operation Gold, an ingenious tunnel under East Berlin that was used to tap Soviet telephone lines. Unknown to the CIA at the time, however, George Blake, a Russian mole in the British secret service, revealed plans for the tunnel to Moscow Center even before it was built. Blithely, the Soviets waited a year to fill it in, to help protect Blake's identity...