Thursday, 26 March 2015
Last updated 1 hour ago
Jul 27 2011 | 11:08am ET
The U.S. State Department has instituted a visa ban against Russian officials connected with the death in 2009 of hedge fund lawyer Sergei Magnitsky.
The ban on travel to the U.S. covers 60 people, and comes less than a month after a damning report on Magnitsky's death issued by Medvedev's human rights investigative committee. That committee found that Magnitsky, who represented Hermitage Capital Management, was denied adequate medical care and eventually beaten to death after almost a year in custody on tax fraud charges.
The State Dept. did not officially notify Russia of the decision, which was disclosed in a letter to 19 senators pushing for even tougher sanctions against the Interior Ministry officials, including asset freezes.
That would "have foreign policy implications that could hurt our international sanctions effort on countries like Iran, North Korea and Libya, and jeopardize other areas of cooperation including transit to Afghanistan," the State Dept. said.
Russia, which has previously blasted foreign intervention in the case, took a more diplomatic approach yesterday. Mikhail Fedotov, who heads the committee that wrote the report, said Russian understands the State Dept.'s "noble goals," but warned, "one also needs to see possible unpleasant consequences."
Russia recently opened a criminal probe into two former prison doctors implicated in the Magnitsky case.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…