The News in Brief
Monday, September 30, 2024
Prepared by Messenger Staff
Lavrov: Russia Ready to Assist in 'Normalizing' Relations Between Georgia, Abkhazia, and Tskhinvali
Russian Foreign Minister Sergei Lavrov stated that Moscow is ready to assist Georgia, Abkhazia, and Tskhinvali in "normalizing relations" if there is mutual interest. Lavrov made this remark during a press conference after the 79th session of the UN General Assembly.
He praised the Georgian government for its "honesty about the past," referencing GD founder Bidzina Ivanishvili's recent suggestion of apologizing to Ossetians for the 2008 war, which he attributed to the previous UNM government rather than Russia.
Lavrov emphasized the inevitability of contact between Georgia, Abkhazia, and Tskhinvali due to their proximity, stating: "They [Abkhazia and Tskhinvali] are neighbors of Georgia, some kind of contacts there are inevitable anyway. If there is interest on all sides to normalize these relations, to ensure non-aggression agreements. we will be ready to help if the parties are interested."
Singapore Court Orders Credit Suisse Unit to Pay $742.7 Million to Bidzina Ivanishvili
A Singapore court has ordered a unit of Credit Suisse to pay $742.7 million to Bidzina Ivanishvili, according to a report by Bloomberg on September 19. This follows a previous May 2023 ruling in which the court initially awarded Ivanishvili $926 million, later reducing the sum to avoid double compensation.
This case stems from the actions of Patrice Lescaudron, a private banker who was convicted in 2018 for operating a fraudulent scheme. Lescaudron had diverted funds from Ivanishvili's accounts to cover significant losses in the portfolios of Russian clients.
In a related ruling, a Bermuda court last year ordered Credit Suisse to pay Ivanishvili $600 million in damages. Credit Suisse has stated that the Singapore court's decision is not final and plans to continue appealing the case.
Lavrov: Russia Ready to Assist in 'Normalizing' Relations Between Georgia, Abkhazia, and Tskhinvali
He praised the Georgian government for its "honesty about the past," referencing GD founder Bidzina Ivanishvili's recent suggestion of apologizing to Ossetians for the 2008 war, which he attributed to the previous UNM government rather than Russia.
Lavrov emphasized the inevitability of contact between Georgia, Abkhazia, and Tskhinvali due to their proximity, stating: "They [Abkhazia and Tskhinvali] are neighbors of Georgia, some kind of contacts there are inevitable anyway. If there is interest on all sides to normalize these relations, to ensure non-aggression agreements. we will be ready to help if the parties are interested."
Singapore Court Orders Credit Suisse Unit to Pay $742.7 Million to Bidzina Ivanishvili
This case stems from the actions of Patrice Lescaudron, a private banker who was convicted in 2018 for operating a fraudulent scheme. Lescaudron had diverted funds from Ivanishvili's accounts to cover significant losses in the portfolios of Russian clients.
In a related ruling, a Bermuda court last year ordered Credit Suisse to pay Ivanishvili $600 million in damages. Credit Suisse has stated that the Singapore court's decision is not final and plans to continue appealing the case.