Word: russianizing
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...entrance to this attic annex of London's Royal Courts of Justice. It's a far cry from the limestone and sandblasted glass interiors of the city's designer shops that are such a magnet to Russia's superrich. Yet here and in a neighboring courtroom, four prominent Russian oligarchs have been indulging in what may turn out to be the most expensive shopping spree of their lives. Never mind haute couture: it's English High Court justice - at some $16,500 per day, with top attorneys charging up to $1,250 per hour - that's proving the must-have...
...proceedings unfolding in Courtroom 76, which pit exiled Russian tycoon Boris Berezovsky against his erstwhile protégé Roman Abramovich, began, appropriately enough, in a designer shop. In October 2007, Berezovsky spotted Abramovich browsing in the Hermes boutique in Sloane Street, close to Abramovich's home and the top London football club, Chelsea, he owns. Berezovsky seized the opportunity, serving a writ on Abramovich that he had carried around with him for six months in the hopes of just such an encounter. (See pictures of Euro 2008 soccer...
Berezovsky is looking for some $3.3 billion from Abramovich. His tangled skein of allegations centers on Sibneft, an energy concern acquired at the end of 1995 by Berezovsky and Abramovich during the privatization of the Russian energy sector, and Rusal, a company formed in 2000 when Abramovich merged his metals businesses with those of Oleg Deripaska, another prominent oligarch. Stakes in Rusal were also held by Berezovsky and a Georgian businessman, Arkady (Badri) Patarkatsishvili...
...member board, chaired by former French Prime Minister Dominique de Villepin, says that without strategic direction and clear priorities on issues like security and energy, the Bulgarian state could face populist revolts. And that instability "could undo the ties between the E.U. and Bulgaria, prompting a shift toward Russian political and economic interests...
...fight corruption. "We hope that the new government will be able to take the signal from Brussels to radically change the system," she adds. "It needs to start cleaning things up so that serious sentences can be enforced against corruption and organized crime."(Read "Europe Tries to Break Its Russian Gas Habit...