Andrey Kostin

with Andrey Kostin
in Business
on Wednesday, May 9, 2012 * * * * *

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Andrey Kostin, Chairman and CEO VTB Bank

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Keywords:
Russia
World
Putin
banks
Europe
technology
money
United States
EU
politics
soviet
Silicon Valley
banking

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  • Comments 16
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    1. finalfantasytown  05/15/2012 11:36 PM Report

      It is absolutely interrogation, not conversation.

    2. finalfantasytown  05/15/2012 11:01 PM Report

      How to define rumor? The distinction of rumor from metaphor, prophecy, and lie, and relation among them.

      In my mind, rumor is the political fact generated by social action based on authenticity after receiving prophecy which is abstract (sometimes the interpreters use metaphor to make prophecy easier understood) in order to evolve into higher position. Rumor reflects social problems throughout rumor generation. In other words, rumor is true from the core, the abstract. The modification is from society. By this definition, it is clear to understand the conversation between Hans Landa and French farmer in chapter one of movie 'Inglorious bastard'.

    3. finalfantasytown  05/15/2012 09:40 AM Report

      Is it conscious doing or unconscious doing? As reported by Sally Beauman in her 1982 history of the RSC, Mirren, while appearing in Nunn's Macbeth (1974) and in a highly publicised letter to The Guardian newspaper, attacked both the National Theatre and the RSC for their lavish production expenditure, declaring it "unnecessary and destructive to the art of the Theatre," and adding, "The realms of truth, emotion and imagination reached for in acting a great play have become more and more remote, often totally unreachable across an abyss of costume and technicalities..." There were no discernible repercussions for this rebuke of the RSC. from <http://en.wikipedia.org/wiki/Helen_Mirren> On May 14th, 2012, she has held a rehearsal in a form of national theatre, and, besides, in a rumor.

    4. finalfantasytown  05/15/2012 04:36 AM Report

      I am very excited this morning when hearing a perfect rumor from CBS eye opener about 'the Helen'. It is real. Everyone is authentic in this rumor. We are living in the era of ancient Greek with Gods. Salute! Salute! Salute!

    5. finalfantasytown  05/14/2012 06:19 AM Report

      Identify the Helen who is born in Russia or Ukraine, one of leaders in Pirate party, finally abducted by Paris in Troy.

    6. Max83  05/11/2012 04:33 PM Report

      This is the link to a very interesting and informative lecture by Feng Shui Master Raymond Lo about the year 2012. It was recorded I believe on October 25th 2011. Since then many of the predictions made in the lecture have already taken place i.e. the big earthquakes in Indonesia this year.

      Here the the link:

      http://www.youtube.com/watch?v=vzYCrAQIlrs

      The lecture is in English, while being translated into Russian. Astrologically Mr. Putin is a very good leader for Russia, and in my opinion also for the entire world. What is good for Russia and the Russian people will ultimately be good for the world.

      I am posting here, because I believe that this time is a crucial time to truly cooperate with Russia and China and it will be one of the last opportunities for the USA to establish and lay the foundation for long term and friendly relations both with Russia and China.

      To truly understand the Chinese one has to understand Feng Shui and the I Ching and to truly understand the Russians one has to understand Russian spirituality. Both peoples and countries are deeply spiritual in their core, not religious. Americans need to understand this, that spirituality is not the same as religion. Religion is superficial, whereas spirituality is profound. The Americans can only gain the respect of the Russians and Chinese if they develop their on spirituality and start understanding and respecting other peoples' spiritual values.

      Thank you for much to the Charlie Rose Show for offering a platform for this very important dialogue.

    7. tabs  05/11/2012 05:33 AM Report

      For a nation to become a great economic power there needs to be stability, and for stability there needs to be trust. That can only come from ironclad Rule of Law and transparency. Those were the principles that empowered people to invest in the United States and which allowed it to attain the heights of wealth and power that it did.

      It is quite interesting to note Mr Kostin's take that the continued supremacy of the USD is a "temporary" thing and that the US uses its status as reserve currency for its own ends. Mr Kostin failed to note the recent Russian and Chinese trade agreement where the USD is NOT the medium of exchange. It is quite likely that as one has stated several years ago that Hong Kong is the likely spot on the globe that will supplant NYC as financial capital of the world. For the obvious reasons that it has traditionally been a cross roads of the world with regards to trade and secondly sits on the door step of the second biggest and vibrant economy in the world.

      Yes the Russians are very concerned about Islamic fundamentalism ever since the days of the Iranian revolution. Which they feared would spread through Russia's Islamic population. Thus their invasion of Afghanistan.

      In the end Mr Rose one can detect a lack of deference by Mr Kostin to you and the United States which would not have taken place even 5 years ago. This lack of deference indicates a waning of American power economically and possibly politically. Anyone who ignores this happenstance does so at their own peril.

    8. SharkswithfrikingLazers  05/11/2012 03:50 AM Report

      "The secret of a great success for which you are at a loss to account is a crime that has never been discovered, because it was properly executed."[39] This sentence has been frequently – and somewhat inaccurately – paraphrased as: "Behind every great fortune is a great crime."[40]

      http://en.wikipedia.org/wiki/Le_P%C3%A8re_Goriot

      Too bad Russia and China have Mafia levels of corruption.

    9. SharkswithfrikingLazers  05/11/2012 03:36 AM Report

      His bank is 75% owned by their government and he is opening a branch in New York.

      Charlie, what are the ramifications of this? Even wilder debt obligations or swaps of credit?

      Are they making home loans or just trying to clean up when they sell their stock and go private?

      Will they get a bailout too?

    10. SharkswithfrikingLazers  05/11/2012 03:30 AM Report

      He says Spain, Italy and Portugal are of much concern for months to come.

      P.I.S. on our parade, they will.

    11. SharkswithfrikingLazers  05/11/2012 03:27 AM Report

      It bothers him when the US acts unilaterally.

      YES again!

    12. SharkswithfrikingLazers  05/11/2012 03:26 AM Report

      He tells us that the USA needs to put the right people in power and not bad regimes that create more problems.

      YES!

    13. SharkswithfrikingLazers  05/11/2012 02:06 AM Report

      Yes Charlie, Tolstoy and Puzo . . .

      All happy families resemble each other, each unhappy family is unhappy in its own way.

      LEO TOLSTOY, Anna Karenina

      The strength of a family, like the strength of an army, is in its loyalty to each other.

      MARIO PUZO, The Family

      Sums up our two families quite nicely I would say.

    14. vongleichent  05/10/2012 12:44 PM Report

      You could tell that certain topics for Mr. Kostin are taboo.

    15. vongleichent  05/10/2012 12:43 PM Report

      You could tell that certain topics for Mr. Kostin are taboo.

    16. REMant  05/10/2012 12:17 PM Report

      We learned yesterday that Putin will put off his first meeting with the US president since his re-election until June in Mexico, with Medvedev attending the G8 later this month in Washington, and that he intends to increase Russia's defense budget, putting it into third place behind China and the US, and moving France to fourth. Since the Arab uprisings began, and esp since Russia condemned NATO handling of Libya and blocked similar steps against Syria and Iran, Putin has come in for a lot of pointed remarks in the Western media, to which Russia scholar Stephen Cohen recently took exception in an op-ed for Reuters "Stop the Pointless Demonization of Putin"*:

      "Even the epithet commonly applied to Putin is incorrect. The dictionary and political science definition of 'autocrat' is a ruler with absolute power, and Putin has hardly been that. There are many examples of his need to mediate, sometimes unsuccessfully, among powerful groups in the ruling political establishment and of his policies being thwarted by Moscow and regional bureaucracies. Moreover, if Putin really were a 'cold-blooded, ruthless' autocrat, tens of thousands of protesters would not have appeared in Moscow streets, not far from the Kremlin, following the December presidential election. Nor would they have been officially sanctioned - as were the thousands who gathered yesterday before a small group breached the sanctioned lines and violence ensued - or shown on state television.

      "But consider the largest, and historically most damning, accusation against Putin. Russian democratization began in Soviet Russia, under Mikhail Gorbachev, in 1989-91. 'De-democratization,' as it is often called, began not under Putin but under Yeltsin, in the period from 1993 to 1996, when the first Russian president used armed force to destroy a popularly elected parliament; enacted a super-presidential constitution; 'privatized' the former Soviet state's richest assets on behalf of a small group of rapacious insiders; turned the national media over to that emerging financial oligarchy; launched a murderous war in the breakaway province of Chechnya; and rigged his own re-election. (On February 20, outgoing president Dmitri Medvedev shocked a small group of visitors by finally admitting that Yeltsin had not actually won that election against the Communist leader Gennadi Zyuganov.) Putin may have only moderated those fateful policies, but he certainly did not initiate them.

      "The catastrophic Yeltsin 1990s, which have been largely deleted from the U.S. media narrative, also put other anti-Putin allegations in a different perspective. The corruption rampant in Russia today, from seizures of major private investments to bribes demanded by officials, is a direct outgrowth of the violent and other illicit measures that accompanied 'privatization' under Yeltsin. It was then that the 'swindlers and thieves' denounced by today's opposition actually emerged.

      "The shadowy practices of that still-only-partially reformed economic system, not Kremlin politics, has led to the assassination of so many Russian journalists, most of them investigative reporters. The numbers, rarely cited by era, are indicative. According to the American Committee to Protect Journalists, 77 Russian journalists have been murdered since 1992 - 41 during Yeltsin's 8 years in power, 36 during Putin's 12 years.

      "In other circumstances, all of this ritualistic Putin-bashing would be merely a cautionary example of media malpractice, an anti-textbook for journalism schools. But it has made Putin's Russia toxic in Washington, in both political parties and especially in Congress, at a time when U.S. national security requires long-term cooperation with Moscow on vital fronts: from countries and regions such as Afghanistan, North Korea, Iran and the entire Middle East to issues such as nuclear weapons reduction, stopping nuclear proliferation, and preventing terrorism."

      *http://blogs.reuters.com/great-debate/2012/05/07/stop-the-pointless-demonization-of-putin/