Matteo Salvini near Red Square outside the Kremlin in Moscow, Russia. AP
Matteo Salvini near Red Square outside the Kremlin in Moscow, Russia. AP
Matteo Salvini near Red Square outside the Kremlin in Moscow, Russia. AP
Matteo Salvini near Red Square outside the Kremlin in Moscow, Russia. AP

Italian prosecutors launch probe into Russia-League oil deal allegations


Claire Corkery
  • English
  • Arabic

Italian prosecutors launched an investigation on Thursday into allegations that a Russian oil deal was brokered to fund interior minister Matteo Salvini’s far-right League party.

Buzzfeed News published an audio recording of what it claims was a meeting between Russian officials and a former close associate of Mr Salvini negotiating the deal, which would have seen tens of millions of dollars of Russian oil money secretly sent to the pro-Moscow League party.

“We want to change Europe,” Mr Salvini’s former spokesman Gianluca Savoini said in the recording. “A new Europe has to be close to Russia as before because we want to have our sovereignty.”

The meeting was alleged to have taken place at the Metropol hotel in Moscow in 2018, however, Mr Salvoini denies that it took place.

Mr Savoini claims he went to the Metropol hotel to meet with local entrepreneurs.

Buzzfeed said it did not know whether the alleged deal had ever gone ahead.

Mr Salvini said on Thursday his party has never taken Russian funds, which would constitute a breach of Italian electoral law banning political parties from accepting significant foreign donations.

The hardline minister said in a statement he had “never taken a ruble, a euro, a dollar or a litre of vodka in financing from Russia”.

Mr Salvini has previously expressed pro-Kremlin sympathies and opposition to economic sanctions against Russia.

Russian president Vladimir Putin said his colleagues in Moscow were “in constant contact” with the League during a visit to Rome last week.

Politicians from the opposition Democratic Party have demanded that a parliamentary inquiry be held. They have asked to question Mr Salvini, Mr Savoini, Italy’s ambassador to Moscow and the Buzzfeed journalist who made the allegations.

Similar allegations about Mr Salvini’s associates meeting Russian investors were made by Italian magazine L’Espresso in February. However, the claims lacked evidence.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

Match info:

Manchester City 2
Sterling (8'), Walker (52')

Newcastle United 1
Yedlin (30')

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

·

Balance is essential to happiness, health and wealth 

·

What is a portfolio stress test? 

·

What are NFTs and why are auction houses interested? 

·

How gamers are getting rich by earning cryptocurrencies 

·

Should you buy or rent a home in the UAE?  

General%20Classification
%3Cp%3E1.%20Elisa%20Longo%20Borghini%20(ITA)%20Trek-Segafredo%3Cbr%3E2.%20Gaia%20Realini%20(ITA)%20Trek-Segafredo%207%20secs%3Cbr%3E3.%20Silvia%20Persico%20(ITA)%20UAE%20Team%20ADQ%201%20min%2018%20secs%3C%2Fp%3E%0A
What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.