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Deputy Ministers Allies Call for His Release

Published: November 23, 2007 (Issue # 1326)



  • Storchak, seen here in February, is the governments top foreign debt official.
    Photo: Reuters

MOSCOW Lawyers and colleagues of Deputy Finance Minister Sergei Storchak mounted a fierce defense of the imprisoned official Wednesday, calling for his immediate release as he faces charges of attempted embezzlement.

Storchaks court-appointed lawyer appealed his arrest, and a date for the hearing is expected by the end of the week, Moscow City Court spokeswoman Anna Usachyova said.

Storchaks own lawyer, Igor Pastukhov, said the court would hear the case Friday. Until then, hes sitting in Lefortovo prison, he said. Storchak has been held in the Soviet-era jail since his detention last Thursday.

The Prosecutor Generals Investigative Committee has said it will bring charges against Storchak and two businessmen by next week on suspicion of attempting to embezzle $43.4 million from the state budget.

Storchak oversaw all debt negotiations between Russia and foreign states, as well as the $148 billion oil stabilization fund, in his role as deputy to Finance Minister Alexei Kudrin.

Federal Security Service officers detained Storchak as Kudrin was flying to an international conference in South Africa. Kudrin, who has called his deputys arrest incomprehensible, returned to Moscow as planned Tuesday, a ministry spokeswoman said.

State Duma Deputy Alexander Lebedev, a billionaire shareholder in Aeroflot, said Wednesday that he had offered the court his personal guarantee that Storchak would not flee the country or tamper with evidence if released while awaiting trial.

He is a worthy enough man not to stay in detention during the investigation, Lebedev said, Interfax reported.

Storchaks arrest, the most high profile of a serving state official during President Vladimir Putins time in office, came two weeks ahead of the Dec. 2 State Duma elections. The presidential vote will follow in March.

Above all, [the arrest] is linked to the need to fight corruption, said Sergei Markov, a Kremlin-connected political analyst. Everyone in government is nervous about what will happen to them after the elections, he added.

Neither Putin nor Prime Minister Viktor Zubkov has commented publicly on the arrest. Some analysts have seen the move against Storchak as a sign of continuing power struggles within the Kremlin as the elections draw near.

The accusations are believed to stem from the repayment of Soviet-era debt from Algeria, which were organized through commercial contracts with little-known firm Sodexim.

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ALL ABOUT TOWN

Thursday, Nov. 20


SPIBAs Legislation and Lobbying Committee is holding a round table discussion on the topic of Decriminalization of Business and What is Important to Know? The event will welcome lawyers from some of the citys most prominent firms and discuss criminal defense practices, usage of the law in business regulations and how to lower the legal risks. Register by Nov. 19 for the event by emailing office@spiba.ru or calling 325 9091.



Friday, Nov. 21


Learn more about Russian labor laws at Labor Law Seminar 2014 at the Courtyard by Marriott St. Petersburg Center West Pushkin Hotel this morning at 166 Kanala Griboyedova. Sponsored by Baker and McKenzie and the Pepeliaev Group, the event begins at 9 a.m. and will discuss amendments to existing laws, employment terms, risks of termination and other pressing matters.


Educate yourself about educational careers at Education and Career XXI November 2014, a two-day fair hosted at Lenexpo convention center on Vasilievsky Island that welcomes students and educators alike to develop relationships between scholarly institutions and learn more about the educational market in Russia and abroad.



Saturday, Nov. 22


Russian Premier League-leaders Zenit St. Petersburg return from the international break to take on Kuban Krasnodar at Petrovsky Stadium this evening at 7 p.m. Tickets for the game can still be purchased on the clubs website, at the Petrovsky Stadium box office or in any of the clubs merchandise stores.



Sunday, Nov. 23


Get in the holiday spirit at todays Winter Bazzar at the Astoria Hotel. Featuring gifts from around the world such as French eclairs, Dutch cheeses and Indian jewelry, the annual event organized by the International Womens Club will feature 18 international stands and raise money for charity through the sales of a diversity of products that further illustrate the citys international connections.



Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on The Fourth Industrial Revolution: Digitalization of the Supply Chain. The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their Industrial St. Petersburg Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the Business With China forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



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