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Court puts block on sale of Raiffeisen bank’s Russian arm

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Court puts block on sale of Raiffeisen bank’s Russian arm

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A Russian court has blocked any potential sale of Raiffeisen Bank International’s subsidiary in Russia, a move that traps the largest western lender still operating inside the country. 

In a statement on Thursday evening, Vienna-headquartered RBI said a temporary injunction issued by a judge in the Russian exclave of Kaliningrad on the Baltic coast had put a freeze on the transfer of any ownership of shares in its Russian arm. 

It is unclear how long the order will last. A preliminary hearing is scheduled for October 16. The injunction relates to a civil case brought by companies associated with the oligarch Oleg Deripaska, and a $2.2bn claim for “non-fulfilment of financial obligations”.

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“This complicates the sales process in which RBI seeks to sell a controlling stake in [its subsidiary] — and will inevitably lead to further delays,” the bank said. “RBI will attempt to reverse today’s court decision by all legal means.”

The move echoes other recent efforts by powerful Russian businessmen close to the Kremlin to use the country’s court system to exercise control over or seize western businesses that still operate there.

Germany’s Volkswagen had its assets frozen by a Russian court last year in the midst of its own attempted exit from the country. The measure was widely seen as a move to pressure the company into accepting an even lower price for its subsidiary.

RBI has so far operated with relative freedom in Russia, while coming under mounting pressure from western governments and regulators to scale back and divest its business there, even as its profits from it have surged. 

The Austrian bank’s executives have long insisted they have been caught in an intractable situation: on the one hand, threatened by western sanctions because of the role their bank continues to play in supporting the Russian economy, but also unable to advance sales talks because of punitive restrictions imposed by the Kremlin on ownership changes or dividend payments.

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Western security officials and politicians, meanwhile, have grown impatient with RBI, particularly as the Russian economy has continued to prove resilient in the face of western economic restrictions. 

In May the European Central Bank ordered RBI and other European lenders still operating in Russia to accelerate efforts to wind down their businesses there if they were unable to sell them.

RBI has previously said it was in discussions with two potential suitors in Russia interested in acquiring its subsidiary there, but that orders for it to scale back its activities have had a negative impact on negotiations.

RBI’s Russian subsidiary nevertheless contributed more than half of the banking group’s total profits in the first six months of this year. 

The bank has dramatically shrunk its Russian lending book and offers economically unattractive returns on savings locally, but it has continued to draw Russian depositors due to it being perceived as a safe western institution. Thanks to the high rates it earns on deposits at the Russian central bank, it has profited handsomely. 

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RBI said the court injunction was issued as part of a lawsuit brought by the Russian company Rasperia. Rasperia was formerly owned by Deripaska and continues to be associated with him, according to western security officials. 

Earlier this year Rasperia had attempted to swap its large stake in the Austrian construction company Strabag with RBI in return for control of RBI’s Russian subsidiary, a complicated arrangement intended to skirt western sanctions.

The transaction was called off under pressure from the US government. 

Rasperia on August 19 filed a complaint against Strabag and several other entities, including RBI’s affiliate in Lower Austria and Strabag shareholder and founder Hans Peter Haselsteiner, Kaliningrad court records show.

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A dead woman’s key fob and two grisly crime scenes: How the Utah triple-murder suspect was tracked across state lines | CNN

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A dead woman’s key fob and two grisly crime scenes: How the Utah triple-murder suspect was tracked across state lines | CNN

As investigators raced to find the person responsible for three killings in rural Wayne County, Utah, they used automated license plate readers and a victim’s own vehicle key fob to track their suspect – a man police said has no connection to the victims or the region that is known for its awe-inspiring landscapes dotted with quiet, small towns.

It would take just hours to pin down the suspect in a search that spanned multiple states in the Four Corners region of the Southwest – ending early Thursday with the arrest of 22-year-old Iowa resident Ivan Miller, who is charged with three counts of first-degree, aggravated murder, officials said.

Miller was taken into custody in Colorado, officials said –– more than 350 miles from where the bodies of three women were found at two locations in Utah.

Miller’s first court appearance is scheduled for Friday afternoon in Archuleta County, Colorado. He will be represented by a public defender, court records show.

The victims were identified as Margaret Oldroyd, 86; Linda Dewey, 65; and Natalie Graves, 34, Utah’s Department of Public Safety said.

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Dewey and Graves, an aunt and niece who’d gone for a hike together, were found dead near a trailhead just outside the town of Torrey, Utah’s DPS said. The women’s bodies were found by their husbands who grew concerned when the pair didn’t return from their hike, Utah Highway Patrol spokesperson Lt. Cameron Roden said at a news conference Thursday.

Investigators found Oldroyd’s vehicle at the trailhead and deputies went to her home in nearby Lyman, where they discovered her body, Roden said.

After his arrest, Miller told investigators he spent a night in Oldroyd’s back shed and snuck into her house while she was out, according to an indictment filed in court Thursday. Miller “waited for her behind a door and shot her in the back of the head … while she was sitting down to watch television,” the indictment said.

Miller made efforts to clean up the scene before dragging the 86-year-old’s body to a cellar under the shed, where she was later found, the indictment read. He then stole her Buick Regal and traveled to the trailhead, investigators said. Miller told investigators “he did not like the car and wanted to find a different vehicle,” the indictment said.

At the trailhead, Miller said he saw Dewey and Graves get out of a white Subaru and shot them both, according to the indictment. Miller told investigators he stabbed one of the women in the chest multiple times because she was still moving, the document said.

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He then admitted dragging their bodies into a ditch, where the two were discovered by their husbands, the indictment said.

Officials said Miller ditched Oldroyd’s car at the trail and drove away in the white Subaru. Miller also admitted stealing the women’s credit cards and using one to pay for gas, according to documents.

Investigators used a network of license plate scanners to track the Subaru “through southern Utah into northern Arizona and eventually into Colorado,” Roden said.

“Colorado law enforcement located the vehicle abandoned in Pagosa Springs, Colorado, and after a brief search, took the individual into custody without incident,” Utah DPS said Thursday.

One of the husbands was also able to track the car’s location using an app that monitored the vehicle’s key fob, investigators said. Just after 9 p.m. Wednesday, the key fob appeared to be in Farmington, New Mexico — about two hours southwest of where Miller would later be taken into custody, according to the indictment.

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Miller had a handgun and a large knife in his possession at the time of his arrest, according to police in Pagosa Springs.

Miller told investigators he killed the women because he needed money, according to the indictment. “Miller confessed that it ‘had to be done’ but he did not like to do it,” the document reads.

Miller, who lived in Blakesburg, Iowa, set out on a cross-country road trip about two and a half weeks ago, his brother, who spoke with The New York Times on condition of anonymity, said.

Miller’s brother said the two stayed in contact during the trip, and Miller mentioned crashing his truck after hitting an elk, according to the Times.

The brother was concerned about how Miller was traveling around after that and offered to bring him back to Iowa, which he declined, the Times reported.

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After his arrest, Miller told officials that he had been staying at a hotel in the area for a few days after he hit an elk with his truck, which he then sold to a tow truck company, according to the indictment.

On Thursday, shaken residents across Wayne County placed pink ribbons around trees and fences in their communities as they remembered the three women who were killed in apparently random attacks carried out by a stranger.

“We wanted to honor our friend and neighbor,” Mary Sorenson, who put up ribbons around Lyman, told CNN affiliate KSL.

The Wayne County School District announced it would be closed for the rest of the week and would “have counselors in place to support students when we are back in session next week.”

In a statement Thursday, Torrey Mayor Mickey Wright described the multiple homicides as a “heartbreaking moment for our small, close‑knit community.”

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“Our community is strong. In the coming days, we will support one another, check on our neighbors, and ensure that those affected by this tragedy are not alone,” Wright said. “We stand together today — in grief, in compassion, and in solidarity.”

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Iran’s fight for survival / The widening war / Trump’s nebulous goals : Sources & Methods

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Iran’s fight for survival / The widening war / Trump’s nebulous goals : Sources & Methods
The U.S.-Israeli war with Iran is spilling out across the region. What are the goals? And how does it end?Host Mary Louise Kelly talks with International Correspondent Aya Batrawy, based in Dubai, and Pentagon correspondent Tom Bowman, about the U.S.-Israeli war with Iran. Six days of war have turned the middle east upside down, and it’s still not clear how the U.S. will determine when its objectives have been accomplished.Recommended Iran reading:Blackwave by Kim GhattasAll the Shah’s Men by Stephen KinzerPrisoner by Jason RezaianPersian Mirrors by Elaine SciolinoListener spy novel recommendation: Pariah by Dan FespermanEmail the show at sourcesandmethods@npr.orgNPR+ supporters hear every episode without sponsor messages and unlock access to our complete archive. Sign up at plus.npr.org.
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Map: 4.9-Magnitude Earthquake Shakes Louisiana

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Map: 4.9-Magnitude Earthquake Shakes Louisiana

Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown.  All times on the map are Central time. The New York Times

A light, 4.9-magnitude earthquake struck in Louisiana on Thursday, according to the United States Geological Survey.

The temblor happened at 5:30 a.m. Central time about 6 miles west of Edgefield, La., data from the agency shows.

U.S.G.S. data earlier reported that the magnitude was 4.4.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

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Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Central time. Shake data is as of Thursday, March 5 at 8:40 a.m. Eastern. Aftershocks data is as of Thursday, March 5 at 10:46 a.m. Eastern.

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