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The version from VNU, a Dutch multimedia publisher, was that it had employed Sauer in 1989 and sent him to Moscow to establish a magazine that failed to take off.

In 1992 Sauer told me himself he was getting the money for his newspaper, Moscow Times, from US sources.

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By John Helmer, Moscow Since he first came to Russia as a Dutch journalist with leftwing claims, money, unlike butter, has always melted in Derk Sauer’s mouth (lead image).

Until last week there’s been a quite lot of it — more of it for Sauer to keep than for the string of loss-making publications he has run in Moscow.

Sauer has been identified as a target in an investigation by state prosecutors of fraud at the RBC media group in Moscow.

Mikhail Prokhorov owns the control stake in the group; Sauer has been his employee to supervise the editorial and financial sides of the business.

More than 5,000 people have died since the conflict between pro-Russian separatists and the Ukrainian government began last year. He explained that when the ruble fell 45 percent last year, the cost of servicing debt increased by the same amount.“So even when you’re making your money in rubles, you’re still paying your debt in dollars so you end up losing a lot of money in the transfer,” Kruzhkov said. Though he did notice a slowdown amid increasing sanctions, he said this time it’s more of an “abrupt halt,” just in the past few days.