SCW RUSSIAWIRE: “Russia Inc. Isn’t Waiting for Central Bank to Brave a Rate Hike” – Bloomberg/Anna Andrianova

“The cost of money is rising for Russians well ahead of any potential central bank move to lift interest rates for the first time in almost four years amid concern the U.S. may impose fresh sanctions. State-run Sberbank PJSC, which holds almost half of all Russian savings, is increasing rates for ruble accounts for the first time since 2014. … [and] pay[ing] consumers more to keep dollars on deposit to stanch an outflow …. One of the country’s five largest mortgage lenders, Raiffeisenbank JSC, is charging more for home loans …. From sausages to gasoline, inflation is on the march …. with the central bank’s benchmark on hold at 7.25 percent since a quarter-point cut in March, rates adjusted for inflation remain among Europe’s highest …. “

Click here for: “Russia Inc. Isn’t Waiting for Central Bank to Brave a Rate Hike” – Bloomberg/Anna Andrianova

 





SCW RUSSIAWIRE: “A Dossier Debunking; His lawyer says the Steele claims about Michael Cohen are false” – Wall Street Journal Editorial

Maps of Czech Republic and Environs, adapted from images at CIA.gov by Steven C. Welsh :: stevencwelsh.com :: stevencwelsh.info

“Michael Cohen’s accusations have replaced Russian collusion as Washington’s reason-du-jour to impeach Donald Trump …. Cohen’s lawyer, Lanny Davis, confirmed last week that Cohen has never been to Prague in the Czech Republic. … the Steele dossier … commissioned by oppo-research firm Fusion GPS, paid for by the Clinton campaign and used by the FBI in its Trump investigation. … claims … Cohen traveled to Prague in August or September of 2016 to discuss with Kremlin officials how to make ‘cash payments’ to hackers of the Clinton campaign. … Cohen has … offered his passport as proof. …”

Click here for: “A Dossier Debunking; His lawyer says the Steele claims about Michael Cohen are false” – Wall Street Journal Editorial







SCW RUSSIAWIRE VIDEO: “U.S.-Russian Relations – State and Treasury Department Officials Testimony Before Senate Foreign Relations Committee 7.21.18” – C-SPAN

U.S. Capitol file photo

“[July 21, 2018, Senate Foreign Relations Committee Hearing]… Topics included new reports of Russian interference in American democracy, the current state of sanctions against Russian government officials and companies, and clarifying details into the July 2018 Helsinki meeting between … Trump and … Putin. Several members referenced a recent Microsoft claim alleging a Russian plot targeting conservative think tanks and institutions.

… the second in a [series] of Senate Foreign Relations Committee hearings on … the Trump administration’s ‘overall posture on Russia.’ ….”





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SCW RUSSIAWIRE: “In Russia, the Corporate Raiders Are Often Cops; Companies face harassment from law-enforcement officials, according to business owners, lawyers and activists” – Wall Street Journal/James Marson, Thomas Grove

Kremlin and St. Basil's at Night

“… Russian companies routinely face harassment from law-enforcement officials seeking to extort money or expropriate businesses, according to business owners, lawyers and activists. One in six Russian business owners is facing criminal prosecution, according to [a Kremlin-launched agency]. …  weaker prices for oil … and Western sanctions in 2014 sent the economy into a recession that it only emerged from last year. … Putin’s authoritarian rule relies on security officials and political heavyweights who use their authority not only to squash political opponents but also to squeeze companies for payoffs, seize them on behalf of rivals or take them over for themselves, critics say. … mak[ing] changes to the justice system potentially perilous. … [P]eople who should be building Russia’s economy are losing their businesses and their freedom. Russian courts found 99.8% of defendants guilty … and are ripe for hijacking using fabricated cases …. Resisting can be risky and often ends with the company being destroyed anyway. ….”



Click here for: “In Russia, the Corporate Raiders Are Often Cops; Companies face harassment from law-enforcement officials, according to business owners, lawyers and activists” – Wall Street Journal/James Marson, Thomas Grove



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