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EU and Russian officials – Johannes Hahn and Dmitri Kozak are coming to Chișinău next week

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Important guests will make official visits next week to Chișinău. Both the visits of European Commissioner for Neighbourhood Policy & Enlargement Negotiations, Johannes Hahn, and the special representative of the President of the Russian Federation for the development of trade and economic relations with Moldova, Dmitri Kozak were confirmed.

The head of the European Commissioner’s cabinet, Michael Karnitschnig, confirmed that Johannes Hahn will come next week to Chișinău, according to deschide.md.

“I can confirm that on Monday, June 3rd, EU Commissioner Hahn will be in the Republic of Moldova for a short visit and meetings with the political leaders,” said Michael Karnitschnig.

However, the information has not yet been officially confirmed by the Moldovan authorities.

Next week, Dmitri Kozak will make an official visit as well. This was announced by Igor Dodon on his official Facebook page.

The head of state had a meeting with Russian President Vladimir Putin with whom he discussed the current situation of bilateral relations in Moldova. Additionally, he announced about his participation in the International Economic Forum held next week in St. Petersburg and about the Kozak’s visit.

«На полях» заседания Высшего Евразийского Экономического совета в Нур-Султане провел рабочую встречу с Президентом…

Geplaatst door Igor Dodon op Woensdag 29 mei 2019

“I accepted the invitation of the Russian leader to participate in the International Economic Forum to be held next week in St. Petersburg. We also agreed with Vladimir Putin that, at my invitation, the special representative of the President of the Russian Federation for the development of trade and economic relations with Moldova, Deputy Prime Minister, Dmitri Kozak, will come to Chișinău, with whom we will discuss the entire spectrum of bilateral relations,” Dodon mentioned on his Facebook page.

The two officials’ visits to Chișinău would take place during the first week of June, which would be decisive for the creation of a possible parliamentary majority or the dissolution of Parliament and calling snap elections.

Economy

Moldova likely to pay $58 million debt to Platon-associated energy company, case returns to Paris Appeal Court

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The government of the Republic of Moldova is likely to be obliged to pay a $58 million award to Komstroy, an Ukrainian energy company closely associated to now-imprisoned oligarch Veaceslav Platon.

As Law360 reports, the award was reconfirmed by the U.S. District Judge Christopher R.Cooper on 23 August, when Moldova was rejected the claim that it had “been denied due process” in an arbitration case within an ad-hoc arbitral tribunal in Paris. Back in 2013, the tribunal concluded that Moldova had violated an investment commitment under the Energy Charter Treaty (ECT) by not paying debts owned to Komstroy’s predecessor (LLC Energoalliance- based in Ukraine) on the deliverance of electric power in 1999-2000. Thus, the Moldovan government was allegedly owing around $46,5 million. The tribunal’s decision was disputed by the Moldovans at the Paris Court of Appeal, which subsequently ruled in 2016 that the ad-hoc tribunal “misinterpreted the subject debt as an “investment” under the ECT” (Case No. 14-cv-01921 (CRC)). In its attempts to find recognition of the tribunal’s decision, Komstroy asked the D.C. Court to examine the case, even though the French Cassation Court returned the case to the Appeals Court in 2018.

Notwithstanding the ongoing proceedings in Paris, the US Court ruled in late 2018 that the award can be enforceable and more importantly, its amount could be increased to nearly $58 million, considering the exchange rate from the award date.

After the ruling on 23 August, Gene M.Burd, attorney for Komstroy, told Law360 that it’s “pleased” with the US Court’s decision to determine the Paris ad-hoc tribunal’s right and scope to act upon the role demanded by Moldova and the Ukrainian energy company.

Moldova’s Justice Minister, Olesea Stamate, rushed (on 11 September, when the US court decision got out into the wild) to explain that the payment of the award can be enforceable only after the Paris Appeals Court issues a final ruling at the end of the month. As quoted by Ziarul de Garda, Stamati dismissed Komstroy’s claim as a a “scheme that was applied by some persons to milk the public budget”, describing the debts as “bogus”, “sold at double price”. In addition, the Minister announced that Moldova contested the US court decision.

As Sic.md explains in a fact checker, Moldova’s problems began back in Paris, where lawyer Victor Volcinschi was reportedly defending the position of the Ukrainian company instead of the Moldovan side. Additionally, the new law firm, Bukh Law Firm, subcontracted in December 2018, was not paid between February and April 2019 by the previous Democrat government, putting the whole defence at risk.

According to sic.md, LLC Energoalliance is associated with the more-than-controversial oligarch Veaceslav Platon and his involvement in the even more famous Russian Laundromat.

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Important

Dumitru Alaiba: Vlad Plahotniuc has a Czech nationality as well?

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Deputy of the ‘ACUM’ bloc Dumitru Alaiba wonders whether the former DPM leader and oligarch Vlad Plahotniuc is Czech citizen. He recently posted an extract from what appears to be a document saying this:

According to the deputy, on June 4, Plahotniuc tried to open a new company in the UK.

“It seems that Vladimir Plahotniuc, before being taken down from the government, was busy with business development. On June 4, 2019, he was trying to open a new company in the UK – with a Czech passport. There’s nothing illegal, of course. It’s just that I didn’t know about it” wrote Alaiba on his personal blog.

The deputy urged Moldovan diaspora in London to visit the address from the document, in case they are in the area.

Read more: Vlad Plahotniuc made good use of his passport long before he became a political man

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Important

The Kroll 2 Report: 77 of Ilan Shor’s companies received $2,900,000,000 in loans

Kroll was contracted by the National Bank of Moldova on January 28, 2015, in order to investigate money laundering frauds in three banks: Banca de Economii, Banca Sociala and Unibank. The amount of the contract was not made public. The Kroll 2 report, published by the parliamentary investigation commission on bank fraud, spans 154 pages. However more details, such as company or person names, have been deleted.

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At the same time, the report does not contain the list of beneficiaries of bank fraud. Kroll 2 presents the schemes where bad loans were offered, but also how these funds have later circulated. The report contains the list of the 77 companies within the URB group, as well as the loans they have taken from the Moldovan banks.

In interviews, they were experts at Kroll with employees at Banca de Economii, and it was found that many relevant materials related to loans offered to Ilan Shor’s group were destroyed in suspicious circumstances of a fire in late November 2014.

The report states that between 1 January 2012 and 26 November 2014, the Banca de Economii, Banca Sociala and Unibank offered $2.9 billion in loans to companies in the Shor Group.

Money earned on loans was redirected to foreign accounts in the Latvian banks ABVL and Privatbank, through which they were laundered. These accounts appear to be open only for this purpose because they did not record any other transactions.

Another part of the loans was transferred to the bank accounts of the Republic of Moldova, Russia, but also other jurisdictions.

The loans went through a coordinated money-laundering process and then disappeared into several bank accounts.

Part of the loans offered to the companies in the Shor group remained in Moldova. The tracking of the initial destination of the funds showed that the amounts remained in the accounts held at the three banks or were transferred to other banks in Moldova to pay for other loans. At the same time, more money was mixed with other funds, so it was impossible to track them later.

Out of the 2.9 billion US dollars, Kroll points out that about 220 million US dollars remained in the Republic of Moldova and were used to repay loans from the Banca Sociala, Banca de Economii and Unibank, and other banks.

The full Kroll 2 report can be read here:

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