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Moscow Throws Oligarchs Lifeline in Form of ‘Offshore’ Zones in Kaliningrad and Vladivostok
David Marchant
Posted: Thursday, June 7, 2018
Joined: 9/13/2007
Posts: 1232


The Jamestown Foundation: On April 9, Prime Minister Dmitry Medvedev asked his Cabinet for specific measures to alleviate the consequences of the economic sanctions the United States passed (on April 6—see EDM, April 9) against Russian companies and individuals, with metallurgy, the energy sector and the defense industry being priority areas (Vedomosti, April 10). The next day, the Ministry of Finance proposed establishing two offshore economic zones, in Kaliningrad (October Island) and Vladivostok (Russky Island), that could be used to blunt the effect of the US sanctions.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.