Media Statement


Mosgorsud took the only possible reasonable decision today, transferring Philippe Delpal to house arrest. The court also claified some of the restrictions relating to Michael Calvey’s continued house arrest. However, unfortunately their colleagues remain in jail - Vagan Abgaryan, Ivan Zuzin and Maxim Vladimirov, despite the fact that they have all legal grounds to be transferred to house arrest as well. Keeping them detained based on a made-up criminal case is nothing other than a calculated attempt by Messrs Avetisyan and Yusupov to put pressure on Baring Vostok employees as part of an ongoing commercial dispute.

We are confident that our colleagues will be found innocent and we will continue to fight in the courts until this is done.

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: