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Economy Geopolitics

Panama Papers: Link Between Magnitsky Probe And Putin’s Cellist Pal

Sergei Magnitsky died on Nov. 16, 2009 in a solitary confinement cell of the infamous Matrosskaya Tishina Prison in Moscow. He was 37. His death rocked U.S.-Russia relations and sanctions were put in place by Washington, followed by countermeasures from Moscow. Magnitsky had been a lawyer and auditor and, while working for the investment company Hermitage Capital, had uncovered an alleged case of fraud amounting to several million U.S. dollars. According to his research, Russian civil servants had, in conjunction with criminals, managed to steal $230 million from the treasury and transfer it abroad through a very complex web of […]

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Economy Geopolitics

Micronation, Offshore: Panama Papers Wash Up In Sealand

You won’t find it on any map of the world nor see it mentioned in any geography book. And yet it certainly exists. In the middle of the North Sea, surrounded by nothing but waves and wind, is the smallest self-proclaimed state in the world. The Principality of Sealand, as its inhabitants call it, is […]

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Economy

How Family Cash Between Germany And Turkey Started Flowing East-To-West

A reversal in direction of the traditional route of remittance payments – now family members in Turkey are sending money to relatives in Germany.

Categories
Economy

A Visit To The Island Nation Of Cyprus, Europe’s Dodgy New Fiscal Haven

NICOSIA – The moment you arrive in Cyprus you sense something about the little eastern Mediterranean island that sets it apart from its European neighbors. There are an unusual number of men in suits carrying briefcases. And the bright billboards on the streets leading from the airport have Cyrillic writing on them. Some of the […]

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