Tuesday, 22 July 2014
Last updated 5 hours ago
Oct 26 2011 | 8:32am ET
Three months after the U.S. banned from entering the country 60 Russian officials linked to the death of hedge fund lawyer Sergei Magnitsky, Russia has responded in kind.
The Russian Foreign Ministry said Saturday that it had barred dozens of unidentified U.S. officials. While the ministry said it was targeting officials with ties to the controversial prison in Guantanamo Bay, Cuba, the killings of civilians in Afghanistan and Iraq, and the kidnapping or abuse of Russians in the U.S., the move apparently fulfills the country's promise in July to retaliate for the U.S. move. That month, a spokesman for Russian President Dmitri Medvedev said the country's own bans would be "analogous to those announced by the State Dept."
The U.S. ban came a month after a Russian government report concluded that Magnistsky had been denied adequate medical care and was eventually beaten to death. Magnistsky, who represented Hermitage Capital Management in a tax fraud case, had accused Russian Interior Ministry officials of defrauding the hedge fund and had spent almost a year in Moscow's most notorious prisons.
The U.S. did not publicly identify the officials banned, although several high-ranking Interior Ministry officials are believed to be on it.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…