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Nigel Morris-Cotterill

An American President is concerned about what his intelligence and political advisers are telling him are the increasing threats to US sovereignty and even existence from several countries and some are in favour of a nuclear option. So PoTUS turns to the internet for guidance.

It was in 2014, in Sochi, shortly after Russian-backed terrorists in Eastern Ukraine shot down Malaysia Airlines flight MH17 that Formula One granted Russian President Vladimir Putin a unique privilege: at the first Formula One race in Russia in modern times, he was allowed to go into the cool-down room and to talk to drivers, teams and officials. He had had special treatment throughout: drivers were required to come to the front of the grid and to stand for the Russian national anthem and he sat, in pride of place, next to the then undisputed boss of F1, Bernie Ecclestone. But the world didn't really care about one plane from a minor nation far away from the centres of commerce, industry...


This is the full text of the UK's initial sanctions list published 6 July 2020, segregated into topics. We have also reproduced the UK's statement about the status of sanctions.

See here for commentary.


OK, so the headline's a bit click-baity. This is what happened: a pal and I were chatting about Deutsch Bank and he said that he wondered what investigators might find about Trump and his dealings with Russia.

CoNet Section: 

F1 is a team sport and that means that, sometimes, hard decisions produce results that prejudice one or other side of the garage. Team orders are both a necessary evil and a despicable trick. Gamblers hate team orders (serves them right for trying to fly in the face of the nature of the sport then whining when it goes against them), fans of pure racing hate them (but those who are fans of the sport, per se, acknowledge their importance) and casual watchers don't understand them. Yes, they interfere with the spectacle and yes, they leave a bad taste in the mouth. And the 2018 Russian Grand Prix in Sochi left a taste that even the victory champagne could not wash away for either the man who came in second nor, importantly, the winner. And that's sad for the events eclipsed a truly great race, but that's not this story.

CoNet Section: 

I've had to watch a recording of yesterday's race before I could write a fair piece. And that's because, twice, I fell asleep during the race. At least with a recording, when I fell asleep again, I could go back and see the parts I missed. There has not been such a race of nothingness for .. well, since Bahrain 2010. Seriously.

CoNet Section: 

Russian President Putin, who it is generally accepted was at least instrumental in the shooting down of Malaysia Airlines MH17 seems to think it's OK to bash the South East Asian country. His comments to a driver for a team the name-sponsor of which is a Malaysian oil company, demonstrated an astonishing lack of sensitivity: is he simply callous or is he trying to inflame passions?

CoNet Section: 

We've had the Arab Spring and we've had various anarchist and anti-globalisation, anti-capitalism and even anti-wealth protests around the world in the past ten years but there is a new, culturally valid, development. It would be wrong to call it a movement but there is a discernible trend: protests against corrupt governments. It started in Malaysia with the Bersih movement but it has gained traction when, in South Korea, the demonstrators were highly influential in removing President Park. The latest country to see such protests is Russia. The most fascinating aspect is that the protests are cross-party, combine left and right: they are true people's movements, carefully targeted.

CoNet Section: 

On 30 January 2017, the NYDFS superintendent, Maria Vullo, announced that Deutsche Bank would pay a fine of USD425 million for failures in counter-money laundering systems and controls, in an investigation closely linked with a similar investigation into the same facts by the UK's Financial Conduct Authority. What the NYDFS found is disturbing.

Russia is to be admitted to the Financial Action Task Force at its plenary meeting in Berlin this coming June.

From World Money Laundering Report Vol. 1 No. 1
October 1999

Understanding Russian Banking.
Lapidus & van de Waal-Palms,
Mir House, USA. US$25.
Language: American English.