I’m happy to see that a nice discussion has developed around my piece on racism and xenophobia in Russia on Publius Pundit. I urge readers to join in and give their thoughts. Also I want to give special thanks to Alexei from The Russian Dilettante for giving the discussion further context and some rather erudite comments. Thanks Alexei!
Around Moscow, there’s a whole industry of so-called “black creditors” — microfinance institutions (or MFOs) that swindle and seize debtors’ homes. Ivan Golunov’s investigation for Meduza has discovered that almost 500 apartments have been seized from their owners over the past five years without so much as a court order. In fact, this scheme involves more than simply “squeezing” people from their homes. It is possibly part of a wider, international money-laundering system. Here’s Meduza special correspondent Ivan Golunov on the ins and outs of this industry.