US Threatens Russia Over Petrodollar-Busting Deal

#AFN2014

Another banker found dead, along with wife and daughter

#AFN2014 says nice post and suspicious to say the least. #shaunynews

` Iran-Russia’s Economic Relations are Developing Good Potentials ‘ for Cooperation between Tehran and Moscow ‘

#AceFinanceNews – TEHRAN – April 07 – Iran-Russia economic relations are developing, Deputy Minister of Industries, Mines and Trade, Mehdi Karbasian said on Monday. In an interview with IRNA, he said “There are good potentials for boosting cooperation between Tehran and Moscow.”

He called signing of a new contract between Iranian Industries Development and Renovation Organization and Russian oil and gas construction company (Stroytransgaz) as an example of growing bilateral ties.

Under the contract, Stroytransgaz will render engineering, procurement and construction (EPC) services to produce alumina from nepheline syenite in a mine at Sarab, East Azarbaijan province.

As an example of growing bilateral ties, Mehdi mentioned the signing of a new contract between Iranian Industries Development and Renovation Organisation and Russian oil and gas construction company Stroytransgaz. (Tass).

Under the contract, Stroytransgaz will provide engineering, procurement and construction services to produce alumina from nepheline syenite in a mine at Sarab, East Azarbaijan province, IRNA said.

The facility will be commissioned in 3-4 years.

#AFN2014

#alumina, #azarbaijan, #bilateral, #gas, #iran-russia, #iranian, #moscow, #oil, #russian, #stroytransgaz, #tehran

` National Bank of Ukraine has denied information about a seizure of its building in Luhansk Region ‘

#AceFinanceNews – KYIV – April 07 – (Interfax) – The National Bank of Ukraine has denied information about a seizure of its building in the Luhansk region, saying its department in the Luhansk region is working normally.

“The information about a seizure of the National Bank building in the Luhansk region reported by some news media today is not true. As of Monday, April 7, 2014, the establishment was working normally. All divisions are in their places and are fulfilling their functions,” the National Bank press service reported on Monday.

Retraction: RIA Novosti

National Bank Rejects Reports of Branch Seizure in Eastern Ukraine

http://en.ria.ru/world/20140407/189086577/National-Bank-Rejects-Reports-of-Branch-Seizure-in-Eastern.html
14:33 07/04/2014

The National Bank of Ukraine denied reports on Monday that its branch in the eastern Ukrainian city of Lugansk was seized by demonstrators demanding greater regional autonomy, the UNIAN news agency reported Monday.

KIEV, April 7 (RIA Novosti) – The National Bank of Ukraine denied reports on Monday that its branch in the eastern Ukrainian city of Lugansk was seized by demonstrators demanding greater regional autonomy, the UNIAN news agency reported Monday.

“We officially announce that this information is false,” the agency said, citing the bank’s press service, which also added the branch is operating normally.

A group of protesters pushing for broader regional autonomy stormed government buildings in Donetsk, Lugansk and Kharkov in eastern Ukraine on Sunday, according to local media reports.

Nearly 3,000 people reportedly took control of the national bank’s building in Lugansk. Demonstrators flooded the streets in the city, waving Russian flags and chanting “Russia! Russia!”

Calls for secession and federalization have been spreading across Ukraine’s mainly Russian-speaking eastern regions after Ukrainian ultra-nationalists, who make up the bulk of the erstwhile opposition, rose to political prominence following a change of the country’s leadership that resembled a coup in February.

Protesters in eastern Ukraine, who have refused to recognize the legitimacy of the new authorities, have been gathering since March, demanding referendums on the status of their regions.

Talk turned to action in Crimea, a predominantly Russian-ethnic peninsula, which voted overwhelmingly to rejoin Russia in a referendum on March 16. The region’s reunification with Russia was finalized several days later.

Russian Foreign Minister Sergei Lavrov said late last month Russia has no intentions or interests whatsoever in crossing the Ukrainian border.

He also said Moscow believes the only solution to the political crisis in the country is constitutional reform providing for the federalization of the country, which is split linguistically into a Russian-speaking east and a Ukrainian-speaking west.

A recent report by Russia’s Institute for Globalization and Social Movements (IGSO) said the presidential election in Ukraine could increase separatist tendencies in eastern and southern regions, adding the country might split after the May 25 election.

el/yz/rm

© 2014 RIA Novost

#AFN2014

#crimea, #institute-for-globalisation-and-social-movements-igso, #kyiv, #luhansk, #moscow, #national-bank-of-ukraine, #russias, #russian, #russian-foreign-minister-sergei-lavrov

` Pope Francis rules that the ` Vatican Bank ‘ will remain `Operational ‘ with Approved Recommendations ‘

#AceFinanceNews – ROME – APRIL 07 – Pope Francis has decided that the troubled Vatican Bank will remain operational and he has approved recommendations for its future, the Vatican said on Monday.

The bank “will continue to serve with prudence and provide specialized financial services to the Catholic Church worldwide,” Reuters reported, citing a Vatican statement.

Until now the Pope had not ruled out closing the bank.

Decades of Scandals:

Report by Aljazeera – October 02 2013 – The Vatican bank, dogged for decades by scandals and opaque dealings, has published the first annual report in its 125-year history.

The report covered 2012, a tumultuous year that saw the bank’s former president ousted in a boardroom battle and leaks of documents on internal disagreements on how it should be run.

Bank President Ernst Von Freyberg, who started his job this year, said the 100-page report released on Tuesday was an attempt to meet the commitment to transparency that Catholics around the world “rightfully expect”.

A five-member committee appointed by Pope Francis, who has promised to clean up the Vatican’s financial image, is also preparing a report on how to reform the bank, officially known as the Institute for Works of Religion (IOR).

The IOR said that in 2012 it had a net profit of $117m, more than four times greater than the $27m profit in 2011.

It when onto say the institution, however, has been enmeshed in scandals in the past three decades, most notably in 1982 when it was caught up in the fraudulent bankruptcy of Italy’s Banco Ambrosiano, whose president Roberto Calvi was found hanged under a bridge in London.

More recently, it has been caught up in an investigation by Italian magistrates into Money laundering, which the bank denies, and the arrest of a Vatican prelate who has been charged with money smuggling.

Pope Francis has not excluded the possibility of closing down the IOR but most likely it will soon see extensive reform.

#AFN2014

#catholic-church, #london, #money-laundering, #pope-francis, #rome, #vatican, #vatican-bank