Panama Papers is US’ Conspiracy to Weaken Russia: Vladimir Putin

Putin said western media had claimed his involvement even though his name did not come anywhere in the Panama Papers.

Speaking on Thursday at a media forum in St.Petersburg, Putin rejected links to offshore accounts, calling the leaks part of Western efforts to weaken Russia. (Photo: AP)

President Vladimir Putin on Thursday denied having any links to offshore accounts and described the Panama Papers document leaks scandal as part of a U.S.-led plot to weaken Russia.

Putin also defended a cellist friend named as the alleged owner of an offshore company, describing him as a philanthropist who spent his own funds to buy rare musical instruments for Russian state collections.

Speaking at a media forum in St. Petersburg, Putin said Western media pushed the claims of his involvement in offshore businesses even though his name didn’t feature in any of the documents leaked from a Panamanian law firm.

Putin described the allegations as part of the US-led disinformation campaign waged against Russia in order to weaken its government. “They are trying to destabilise us from within in order to make us more compliant,” he said.

State Department spokesman Mark Toner rejected the notion that the U.S. is behind the allegations. “I would reject the premise or the assertion that we’re in any way involved in the actual leak of these documents,” he told reporters in Washington.

The Washington-based International Consortium of Investigative Journalists said the documents it obtained indicated that Russian cellist Sergei Roldugin acted as a front man for a network of Putin loyalists, and, perhaps, the president himself.

The ICIJ said the documents show how complex offshore financial deals channeled as much as $2 billion to a network of people linked to the Russian president.

Roldugin used the money he earned as a minority shareholder of a Russian company to buy rare musical instruments abroad and hand them over to the Russian state, Putin said.

Without publicizing himself, he also has worked to organize concerts, promote Russian culture abroad and effectively paid his own money for that, the more people like him we have, the better. And I’m proud to have friends like him.

Vladmir Putin, Russian President

Putin contended that Washington has fanned allegations of Russian official corruption in order to weaken Moscow as the U.S. has become concerned about Russia’s growing economic and military might.