Media Statement


Baring Vostok welcomes the decision to release Michael Calvey to house arrest. At the same time, we believe that it is illegal and unjustified that Ivan Zyuzin, Vagan Abgaryan, Philippe Delpal and Maxim Vladimirov remain in pre-trial detention and we await similar motions regarding their transfer to house arrest.

We are confident that our colleagues are not guilty and that this will be established in the course of the investigation. We continue to maintain that this entire case is the result of a commercial conflict, which should be resolved in arbitration.

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: