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Report Links Putin to Dresdner

Published: March 1, 2005 (Issue # 1048)


MOSCOW - The head of Dresdner Bank in Russia, Matthias Warnig, has built his career on his personal relationship with President Vladimir Putin, whom he first met while the two men served as secret agents in East Germany, The Wall Street Journal reported Wednesday, citing former colleagues of both men.

During his time as an agent for the Stasi, the East German secret police, Warnig first met Putin, who was serving as a KGB agent in East Germany, and helped him recruit spies, the paper reported.

Later Warnig opened Dresdner's St. Petersburg office in 1991 and oversaw the bank's awarding of high-profile government contracts such as the valuation of Yuganskneftegaz last year. Warnig maintained a close relationship with Putin, who worked as St. Petersburg's liaison to foreign businessmen in the early 1990s, once intervening to fly Lyudmila Putin to Germany for medical treatment on the company's dime, the paper said.

In 1993, City Hall assisted Dresdner in opening a joint venture branch with Banque Nationale de Paris in the massive former German embassy on St. Isaac's Square, the Journal reported.

Earlier this month, Warnig was nominated to the board of the state-owned energy behemoth Gazprom.

Although neither man has been accused of business improprieties and Dresdner appears not to have violated Russian law, the paper said their relationship "underscores the shadowy interplay between businessmen and former intelligence operatives in today's Russia."

Neither the Moscow office of Dresdner Bank nor a Frankfurt-based spokesman for its investment banking arm Dresdner Kleinwort Wasserstein could be reached for comment Thursday. The Kremlin press office said nobody was available for comment.

Retired Dresdner CEO Bernard Walter, who headed the bank's Eastern European operations in the early 1990s, told the Journal that he would not have hired Warnig had he known of his Stasi past.

In an interview published in the online version of Germany's Manager magazine, Walter said that years after being hired, Warnig alluded to a Stasi connection but that German investigators later dropped the case.

As for Warnig's connection to Putin, Walter dismissed the report that the two men had first met in their capacity as secret agents.

"Mr. Warnig told me clearly that he met Mr. Putin for the first time in his life in 1991, when I sent him to St. Petersburg," Walter said.

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ALL ABOUT TOWN

Thursday, Aug. 21


Time is running out to see the fantastic creations on display at the 2014 Sand Castle Festival on the beach at the Peter and Paul Fortress. Adhering to the theme of Treasure Island, visitors can wander amongst larger-than-life interpretations of pirate life or attend one of the workshops held to educate a future generation of sand artists. The castles will remain on the beach until Aug. 31.



Friday, Aug. 22


Get ready to pledge allegiance to the flag during National Flag Day, paying tribute to when, 23 years ago today, the iconic hammer-and-sickle was replaced with the tricolor that now flutters in the wind. Petersburgers will be treated to a free concert on Palace Square, a military parade and a culminating air show featuring Russias Russian Knights stunt pilots.



Saturday, Aug. 23


Uppsala Park plays host to Fairy Noon today, a performance of five separate fairy tales ranging from folk classics to more haunting selections. There will be three different renditions of the tales throughout the day and tickets start at 500 rubles ($13.80) for adults and 300 rubles ($8.30) for children.


Classic Finnish cartoon characters the Moomins expect to receive a warm welcome from Russian fans during todays Moomin Festival at the Pearl Plaza Shopping Center at 51 Petergofskoye Shosse. Become a kid again or introduce a new generation to the beloved creation of Finnish writer Tove Jansson.



Sunday, Aug. 24


The tortured genius of Dutch master Vincent van Gogh gets his day in the centers Konnushnaya Ploschad during Make Art Like Van Gogh, a daylong celebration of the artist that will allow amateur artists to try and replicate the work that made the famed painter world-renowned.


Experience a variety of dances highlighting the diversity of the world around as at the final day of the Ethno-Dance International Dance Festival that has been at the St. Petersburg Humanitarian University of Trade Unions this past week. Tonights performance will feature Egyptian dancers accompanied by local orchestras.



Monday, Aug. 25


Today kicks off the Elena Obraztsovoy International Competition for Young Vocalists in the large hall of the Shostakovich Philharmonic. Talented youngsters will showcase their range over the next six days before a winner is chosen on Aug. 30.



Tuesday, Aug. 26


Love movies but hate all those words? Then check out Rodina Cinema Centers Factor of Consensus film forum this evening. Silent movie classics from the beginning of the 20th century will be screened and accompanied by a pianist, who will provide the soundtrack for the ongoing action. The screenings begin at 7 p.m. Check Rodinas website for more details.



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