Media Statement


Baring Vostok welcomes the applications made by the Investigative Committee for Michael Calvey and Alexey Kordichev to be transferred to house arrest, and hopes that the court will give due consideration to the applications. We also look forward to similar applications being made regarding Michael and Alexey's four colleagues. We firmly believe that prison detention is an excessive measure in the context of this case, which at its core is an exclusively commercial dispute and should be considered within a legal arbitration framework. We believe that the court will establish the truth and find our colleagues not guilty.

For further information, please contact:

Denis Denisov



9 Lesnaya St., White Gardens Business Center, Building B,
6th Floor, 125196, Moscow

Tel.: +7 495  967 1307 | Email:


1 Royal Chambers, St Julian’s Avenue, Saint Peter Port, GY1 2НН, Guernsey

Tel.: +44 1481 736 947 | Email: