Out of court settlement ends Bank of New York money laundering lawsuit
Published: 17 September, 2009, 13:00
Russia and the Bank of New York have come to agreement over a money laundering lawsuit dating back to the 1990’s, which will see the American bank pay the Government’s $14 million legal fees.










I am certainly one for drawing a line under the past, we all know what went on, but we are where we are. There were billions and billions looted from Russia. There still is looting, but to a much less degree, thanks to Putin. it takes time to turn the tap off, and we all know, it will never get fully turned off. Everything is a matter of degree. So let's move on. The loans look a positive step, so lets use them. There are many ways to get even, to stick it too them, but there is a time and a place for everything. What there is no time for is endless historical debates without a pragmatic move on attitude. Learn from history, don't live in it. Set up improved systems on exports and value transactions, this is what this all tells us. Not the childish I am never going to talk to you. As time moves on everything heals and low and behold the heat goes and there is no need to stick it to them.