Londongrad Dealmakers Face Sanctions Hit After $180 Billion Boom

[ProSense]

Londongrad Dealmakers Face Sanctions Hit After $180 Billion Boom

By Matthew Campbell and Morgane Lapeyre

Russian companies have made $180 billion in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions planned by the U.S. and European Union threaten that business.

The potential fallout highlights the web of connections linking Russia to the global financial system. Since many large Russian companies are controlled by the state or by billionaires with close ties to President Vladimir Putin, even narrowly targeted sanctions could hurt their global operations.

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“There’s a huge amount of business, both industrial and financial, in both directions between the West and Russia,” said Dominic Sanders, a partner in Moscow at law firm Linklaters. “The further the sanctions and retaliation go, the greater the pain.”

While wealthy Russians have fanned out across Europe, with businesses incorporated in Luxembourg and Cyprus and homes in Switzerland and the south of France, their impact has been most keenly felt in the British capital. Advisory professionals in the city, dubbed “Londongrad” in a 2010 book by journalists Mark Hollingsworth and Stuart Lansley, have been instrumental in Russian deals.

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The instability spawned by the Ukraine crisis is beginning to dent that. Billionaire Vladimir Evtushenkov’s children-goods retailer Detsky Mir Group is postponing a planned London share sale because of tensions over Crimea, according to people familiar with the matter. The company declined to comment.

- more -

http://www.businessweek.com/news/2014-03-17/londongrad-dealmakers-face-sanctions-hit-after-180-billion-boom

Russia's Eleven: Who Are the Officials the U.S. Has Sanctioned?
http://www.democraticunderground.com/10024680769

[Cha]

1. Thanks for this, ProSense.

[ProSense]

2. You're welcome.

The BS about laughing is being pushed in the MSM. It's goading by RW warmongers.

[Cha]

4. Don't know about the "laughing"..

been away most of day.

[ProSense]

5. Evidently,

the Russians find it funny: http://www.democraticunderground.com/10024678429

Still, I think they're trying out memes.

Russian government admits economy in crisis as Ukraine weighs

By Darya Korsunskaya and Lidia Kelly

(Reuters) - Russia's government acknowledged for the first time on Monday that the economy was in crisis, undermining earlier attempts by officials to suggest albeit weakening growth could weather sanctions over Ukraine.

Moscow markets wait to see the full scale of western measures over the seizure of Ukraine's Crimea and support of its referendum to join Russia, after losing billions of dollars in recent weeks in state and corporate money.

For weeks, Russian officials have said the confrontation between Moscow and the West over Ukraine that threatens economic sanctions and asset freezes would "weigh on the economy".

Although not speaking directly about the impact from the conflict, Deputy Economy Minister Sergei Belyakov said on Monday the economy was in trouble.

- more -

http://www.reuters.com/article/2014/03/17/us-russia-economy-crisis-idUSBREA2G0RF20140317

[Cha]

6. aha.. can't wait to read it! thanks..

have you noticed there a Lot of news lately? And, I'm behind!

[ProSense]

3. Kick! n/t

[Cha]

7. Too bad all this interesting reality stuff isn't getting Rec and

commented on.. while the propaganda shite flies.