Articles by Alexander Beskov

Settlement Reached in BNY Case

A Moscow Arbitration Court judge approved the Federal Customs ServiceТs request to drop the $22.5 billion lawsuit Thursday in exchange for the bankТs agreement to pay $14 million in legal fees.

VEB Gets $500M for Property Project

The site, once owned by Globex Bank, came into VEB's possession after the state development bank acquired Globex, which had acute liquidity problems, in October 2008 for a symbolic 5,000 rubles ($170).