World
Russian Tycoon Criticized Putin’s War. Retribution Was Swift.
Oleg Y. Tinkov was value greater than $9 billion in November, famend as certainly one of Russia’s few self-made enterprise tycoons after constructing his fortune exterior the vitality and minerals industries that have been the playgrounds of Russian kleptocracy.
Then, final month, Mr. Tinkov, the founding father of certainly one of Russia’s largest banks, criticized the battle in Ukraine in a submit on Instagram. The following day, he stated, President Vladimir V. Putin’s administration contacted his executives and threatened to nationalize his financial institution if it didn’t minimize ties with him. Final week, he bought his 35 p.c stake to a Russian mining billionaire in what he describes as a “determined sale, a fireplace sale” that was pressured on him by the Kremlin.
“I couldn’t focus on the worth,” Mr. Tinkov stated. “It was like a hostage — you’re taking what you’re provided. I couldn’t negotiate.”
Mr. Tinkov, 54, spoke to The New York Instances by telephone on Sunday, from a location he wouldn’t disclose, in his first interview since Mr. Putin invaded Ukraine. He stated he had employed bodyguards after associates with contacts within the Russian safety providers advised him he ought to concern for his life, and quipped that whereas he had survived leukemia, maybe “the Kremlin will kill me.”
It was a swift and jarring flip of fortune for a longtime billionaire who for years had averted operating afoul of Mr. Putin whereas portraying himself as unbiased of the Kremlin. His downfall underscores the implications dealing with these within the Russian elite who dare to cross their president, and helps clarify why there was little however silence from enterprise leaders who, in keeping with Mr. Tinkov, are apprehensive concerning the affect of the battle on their life and their wallets.
Certainly, Mr. Tinkov claimed that a lot of his acquaintances within the enterprise and authorities elite advised him privately that they agreed with him, “however they’re all afraid.”
Within the interview, Mr. Tinkov spoke out extra forcefully towards the battle than has another main Russian enterprise chief.
“I’ve realized that Russia, as a rustic, not exists,” Mr. Tinkov stated, predicting that Mr. Putin would keep in energy a very long time. “I believed that the Putin regime was dangerous. However in fact, I had no concept that it could tackle such catastrophic scale.”
The Kremlin didn’t reply to a request for remark.
Tinkoff, the financial institution Mr. Tinkov began in 2006, denied his characterization of occasions and stated there had been “no threats of any type towards the financial institution’s management.” The financial institution, which introduced final Thursday that Mr. Tinkov had bought his total stake within the firm to a agency run by Vladimir Potanin, a mining magnate near Mr. Putin, seemed to be distancing itself from its founder.
“Oleg has not been in Moscow for a few years, didn’t take part within the lifetime of the corporate and was not concerned in any issues,” Tinkoff stated in an announcement.
Mr. Tinkov has additionally run into bother within the West. He agreed to pay $507 million final yr to settle a tax fraud case in the US. In March, Britain included him on a listing of sanctions towards the Russian enterprise elite.
“These oligarchs, companies and employed thugs are complicit within the homicide of harmless civilians and it’s proper that they pay the worth,” International Secretary Liz Truss stated on the time.
Mr. Tinkov is however broadly seen as a uncommon Russian enterprise pioneer, modeling his maverick capitalism on Richard Branson and morphing from irreverent beer brewer to founding father of one of many world’s most subtle on-line banks. He says he has by no means set foot within the Kremlin, and he has sometimes criticized Mr. Putin.
However not like Russian tycoons who years in the past broke with Mr. Putin and now stay in exile, akin to the previous oil magnate Mikhail B. Khodorkovsky or the tech entrepreneur Pavel Durov, Mr. Tinkov discovered a solution to coexist with the Kremlin and make billions — a minimum of till April 19.
That’s when Mr. Tinkov printed an emotional antiwar submit on Instagram, calling the invasion “loopy” and deriding Russia’s army: “Why would now we have military,’’ he requested, if all the things else within the nation is dysfunctional “and mired in nepotism, servility and subservience?”
Professional-war Russians posted pictures of their shredded Tinkoff debit playing cards on social media. Vladimir Solovyov, a outstanding state tv host, delivered a tirade towards him, declaring, “Your conscience is rotten.”
Mr. Tinkov was already exterior Russia at that time, having departed in 2019 to obtain remedy for leukemia. He later stepped down and ceded management of Tinkoff, however stored a 35 p.c stake within the firm, which was valued at greater than $20 billion on the London inventory alternate final yr.
A day after the April 19 submit, Mr. Tinkov stated Sunday, the Kremlin contacted the financial institution’s senior executives and advised them that any affiliation with their founder was now a significant drawback.
“They stated: ‘The assertion of your shareholder will not be welcomed, and we’ll nationalize your financial institution if he doesn’t promote it and the proprietor doesn’t change, and when you don’t change the title,’” Mr. Tinkov stated, citing sources at Tinkoff he declined to establish.
Russia-Ukraine Warfare: Key Developments
On April 22, Tinkoff introduced it could change its title this yr, a step it claims was lengthy deliberate. Behind the scenes, he says, Mr. Tinkov was scrambling to promote his stake — one which had already been devalued by Western sanctions towards Russia’s monetary system.
Mr. Tinkov stated he was grateful to Mr. Potanin, the mining magnate, for permitting him to salvage a minimum of some cash from his firm; he stated that he couldn’t disclose a value, however that he had bought at 3 p.c of what he believed to be his stake’s true worth.
“They made me promote it due to my pronouncements,” Mr. Tinkov stated. “I bought it for kopecks.”
He had been contemplating promoting his stake anyway, Mr. Tinkov stated, as a result of “so long as Putin is alive, I doubt something will change.”
“I don’t imagine in Russia’s future,” he stated. “Most significantly, I’m not ready to affiliate my model and my title with a rustic that assaults its neighbors with none purpose in any respect.”
Mr. Tinkov is anxious {that a} basis he began that’s devoted to enhancing blood most cancers remedy in Russia might additionally grow to be a casualty of his monetary bother.
He denied that he was talking out within the hopes of getting the U.Okay. sanctions towards him lifted, although he stated he hoped the British authorities would finally “appropriate this error.”
He stated that his sickness — he’s now affected by graft-versus-host illness, a stem-cell transplant complication, he stated — might need made him extra brave about talking out than different Russian enterprise leaders and senior officers. Members of the elite, he claimed, are “in shock” concerning the battle and have known as him in nice numbers to supply help.
“They perceive that they’re tied to the West, that they’re a part of the worldwide market, and so forth,” Mr. Tinkov stated. “They’re quick, quick being was Iran. However they don’t prefer it. They need their children to spend their summer time holidays in Sardinia.”
Mr. Tinkov stated that nobody from the Kremlin had ever contacted him straight, however that along with the stress on his firm, he heard from associates with safety service contacts that he could possibly be in bodily hazard.
“They advised me: ‘The choice relating to you has been made,’” he stated. “Whether or not that implies that on prime of all the things they’re going to kill me, I don’t know. I don’t rule it out.”
World
World leaders, US politicians react to Israel-Hamas cease-fire deal: 'Long-overdue news'
Leaders in the U.S. and around the world commended the recent Israel-Hamas cease-fire deal on Wednesday.
Biden announced the terms of the cease-fire during a news conference Wednesday at the White House. It will consist of two phases and will take place over the next several weeks.
The first phase, which is set to begin Sunday, “includes a full and complete cease-fire, withdrawal of Israeli forces from all the populated areas of Gaza, and the release of a number of hostages held by Hamas, including women and elderly and the wounded,” Biden said.
The second phase is contingent on Israel negotiating “the necessary arrangements,” to mark a complete end to the war.
BIDEN BALKS WHEN ASKED IF TRUMP DESERVES CREDIT FOR ISRAEL-HAMAS CEASE-FIRE DEAL: ‘IS THAT A JOKE?’
The response to the deal was overwhelmingly positive. New York Gov. Kathy Hochul said that she was “very encouraged” to see the cease-fire come to fruition.
“This is something I’ve called for many, many months over the last year since the horrific, barbaric attack on innocent civilians in Israel that occurred on October 7 of last year,” Hochul said. “My main priority has been bringing home the hostages.”
Rep. Ritchie Torres, D-N.Y., wrote on X that he felt “an indescribable sense of relief,” about the return of the hostages.
“The return of the hostages will mark the beginning of closure for Israelis and Jews, as well as countless others, who continue to be deeply affected by the indelible terror and trauma of October 7th,” Torres wrote. “The hostages have been brought home by the power of the world’s most powerful friendship – the US-Israel relationship.”
The deal also attracted international attention. In a statement, British Prime Minister Kier Starmer called the cease-fire “long-overdue news.”
FOX NEWS GETS AN INSIDE LOOK AT IDF’S WAR AGAINST HAMAS
“[The Israeli and Palestinian people] have borne the brunt of this conflict – triggered by the brutal terrorists of Hamas, who committed the deadliest massacre of Jewish people since the Holocaust on October 7th, 2023,” Starmer said. “The hostages, who were brutally ripped from their homes on that day and held captive in unimaginable conditions ever since, can now finally return to their families.
“But we should also use this moment to pay tribute to those who won’t make it home – including the British people who were murdered by Hamas. We will continue to mourn and remember them. “
In an X post translated from French to English, French President Emmanuel Macron said that the cease-fire must be respected.
“After 15 months of unjustifiable ordeal, immense relief for the Gazans, hope for the hostages and their families,” Macron said. He also referenced Ohad Yahalomi and Ofer Calderon, two French-Israeli hostages.
Though many are celebrating, some have expressed caution about the possibility of the deal falling through.
On Wednesday, White House national security communications adviser John Kirby said that the “big hurdle” — which included finalizing the deal — had been “overcome.”
Hopefully, come this weekend, we’ll start to see some families reunited,” Kirby said, adding that he was “confident” that the deal will be implemented, despite hard work ahead.
Fox News Digital’s Joshua Comins contributed to this report.
World
Biden takes aim at oligarchs and extreme wealth in farewell address
US President Joe Biden said ‘powerful forces’ threatened to undo his climate policies as Trump prepares to take office.
United States President Joe Biden has used his final formal address as president to warn of the dangers of “oligarchy” and “extreme wealth” to democracy, as President-elect Donald Trump prepares to begin his second term with an administration stacked with billionaires.
“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead,” Biden said in the televised address from the Oval Office in the White House on Wednesday night.
Biden’s speech comes five days before Trump’s inauguration on January 20 and mere hours after Israel and Hamas announced they had agreed to a ceasefire in Gaza, an outcome that appeared to evade the Biden administration for months despite widespread opposition to the war among many Americans.
In his speech, Biden warned of “a dangerous concentration of power in the hands of a few ultra-wealthy people” and “dangerous consequences if their abuse of power is left unchecked”.
President-elect Trump’s incoming administration has at least 11 billionaires holding official positions, according to the Democratic Party. They include the world’s richest man, billionaire Elon Musk, who Trump has said will co-lead the so-called Department of Government Efficiency.
Biden also warned that “powerful forces” threatened to undo his climate achievements, as unprecedented wildfires burn in Los Angeles, the second-largest city in the US.
Biden began his speech by briefly referring to the newly announced ceasefire deal between Israel and Hamas in the Gaza Strip, which Israeli Prime Minister Benjamin Netanyahu has partly attributed to Trump.
“After eight months of nonstop negotiation by my administration, a ceasefire and a hostage deal has been reached by Israel and Hamas,” Biden said.
Biden added that while his team had negotiated the deal, he had told them to keep the “incoming administration fully informed” since it would be “largely implemented” by them.
While claiming the ceasefire as an achievement of his presidency, many voters in the 2024 presidential elections said they were unable to support the Democratic Party due to Biden’s dogged support for Israel’s war on the Gaza Strip.
Biden, 82, dropped out of contention for a second term in office after voters and his own party raised concerns over this performance in the first presidential election debate against then-Republican candidate Donald Trump, with Biden’s vice president, Kamala Harris, going on to contest the presidency and then losing to Trump.
Biden has used his final days in office to introduce a sweeping ban on offshore oil and natural gas drilling covering more than 625 million acres (253 million hectares) including the “entire US East Coast, the eastern Gulf of Mexico” and parts of the “Northern Bering Sea in Alaska”.
This has been seen as an apparent move to preempt Trump’s promise to “drill, baby drill” for oil “on day one” of his second term.
Biden said in his farewell address that “it will take time to feel the impact of all we’ve done together, but the seeds are planted, and they’ll grow, and they’ll bloom for decades to come”.
World
Movie Review: A family is torn apart under Brazil’s dictatorship in ‘I’m Still Here’
It’s easy to fall in love with the Paiva family. Filmmaker Walter Salles makes sure of that in “I’m Still Here.”
He drops the audience into the warm everyday of the beautiful home of Eunice (Fernanda Torres) and Rubens Paiva (Selton Mello), in 1970s Rio de Janeiro, where their five kids run freely between the beach and their living room. Life is calmly chaotic, full of affection, gentle familial teasing and various life stages (one is about to lose a tooth, another about to go to university). Someone always seems to have wet hair, be covered in sand, or bringing in a mangy stray, as their youngest, Marcelo, does in the film’s lovely opening. Even if their life is technically worlds away from any one person in the audience, it feels familiar and close.
Anyone coming to “I’m Still Here” will surely know that this domestic tranquility does not and cannot hold. It was about seven years into Brazil’s military dictatorship, which would last until 1985. And while the film suggests that there was a semblance of normalcy in their day to day, there are also ominous signs of change and oppression — reports of ambassadors being kidnapped on the news, and tense “random” traffic stops that their eldest daughter endures one night. Some left-leaning citizens are making plans to leave, but the Paiva family is not in a terrible rush. They’re even making plans to build a new home.
So when three men in civilian clothes enter their home one afternoon and tell Rubens, a former left-leaning congressman, that he needs to come in for questioning, it happens with little incident. Everyone is on guard — they’re not naive — but you sense that Eunice believes he will come back that night. Maybe even the next day. Rubens is calm changing into a collared shirt and tie and lying to his daughter that he is going into the office, even though it’s a holiday. But he also savors this moment with her, perhaps because he knows he’s likely to not return.
The film is based on a memoir written by Paiva’s son, Marcelo, but you don’t need to know that to know that it is first and foremost a memory piece. It is deeply personal and imbued with the kind of tenderness that is extremely difficult to see or appreciate in the moment. And although it’s certainly idealized and wistful, we accept any assumed white lies because we all wish that for ourselves: to truly recognize what we have before it’s gone.
This story is not about the abduction, however, or what may have happened to Rubens after that day. It’s about how Eunice continues on, through uncertainty, absence and, ultimately, the loss of hope. Salles chooses to tell this story in a rather straightforward manner, which works well, allowing the compelling narrative and the talented actors to carry the audience through.
At the heart of it is Torres, who has already won a Golden Globe for her performance and whose portrayal of Eunice is a true marvel. Mothers and wives often get the short shrift in movies like this, about Big Important Topics decided on by men, but Torres instills Eunice with a deep emotional and practical intelligence that’s beautifully feminine, whether she’s dealing with a misogynist banker, a dead dog in the street or the thugs surveilling her home. She’s fascinating and resilient in a way that so many women are in times of historical strife but rarely celebrated for.
In one particularly poignant scene, she and the kids are being photographed by a journalist hoping to tell their story. They smile together, as they did earlier in the film when Rubens was there. Now he’s not, and the reporters are confused. They ask Eunice to try a more serious expression. She laughs, “They want us to look sad,” and instructs her kids to keep smiling. It’s a perfect encapsulation of the complex spirit of the movie. Political disappearances don’t begin and end with the victim, or the toppling of a regime — they are generational traumas that live on in the survivors and alter everything in their wake.
“I’m Still Here,” a Sony Pictures Classics release in limited release Friday (expanding on Jan. 24), is rated PG-13 by the Motion Picture Association for “smoking, drug use, brief nudity, some strong language, thematic content.” Running time: 135 minutes. Three stars out of four.
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