Russia

A bankruptcy court on Monday approved Central European Distribution Corp's bankruptcy exit plan, putting Russian billionaire Roustam Tariko on the verge of adding one of the world's largest vodka producers to his stable of companies, Thomson Re ...

Daily Headline - global.abi.org - 05/14/2013 - 20:36 - 0 comments

Russia wants to play a bigger part in talks over solving Cyprus' financial problems but will only restructure its loan to the island if its interests here, especially those related to VTB Bank, are protected, Moscow's finance minister said, C ...

Daily Headline - global.abi.org - 04/21/2013 - 21:09 - 0 comments

A Russian depositor has filed suit for the seizure of all assets in Russia belonging to Laiki Bank of Cyprus, including its controlling stake in Russia’s Rosprombank, which may now hamper a Cypriot plan to sell off the shares, RT.com reported. Presnensky ...

Daily Headline - global.abi.org - 04/14/2013 - 22:33 - 0 comments

Russia's largest banks said Thursday their clients' exposure to losses in Cyprus so far appears modest, while there were few other signs of immediate fallout for Russian business, executives and analysts said, The Wall Street Journal report ...

Daily Headline - global.abi.org - 03/28/2013 - 21:09 - 0 comments

A unit of Russia's Alfa Group said on Thursday it had withdrawn its proposal to acquire Central European Distribution Corp, one of the world's largest vodka producers, through a restructuring of CEDC's finances. Alfa Group unit A1 said in ...

Daily Headline - global.abi.org - 03/28/2013 - 21:12 - 0 comments

Cyprus has thrown its international reputation as an offshore banking hub into peril after considering a bold plan to levy a one-time tax on deposits, The Wall Street Journal reported. The proposed tax—which would have helped Cyprus raise funds as pa ...

Daily Headline - global.abi.org - 03/20/2013 - 21:25 - 0 comments

Russia’s central bank governor has lifted the lid on $49bn in illegal capital flight last year – more than half of which, he says, was controlled “by one well-organised group of individuals” that he declined to name, the Financial Times reported. ...

Resource Article - global.abi.org - 02/25/2013 - 14:07 - 0 comments - 0 attachments

Boeing Co has sued its Russian and Ukrainian partners in satellite launch service Sea Launch, saying they refused to pay it more than $350 million following the joint-venture's bankruptcy filing in 2009, Reuters reported. The lawsuit, filed in U.S. ...

Daily Headline - global.abi.org - 02/04/2013 - 23:15 - 0 comments

Russia's No. 1 telecoms operator MTS said on Wednesday its Uzbek subsidiary had applied for bankruptcy, Reuters reported. The phone operator had been fighting to restore its Uzbek business after a court revoked its license to operate in August as pa ...

Daily Headline - global.abi.org - 01/16/2013 - 22:17 - 0 comments

Russian billionaire Oleg Deripaska’s Kuban Airlines, the country’s 14th biggest, declared bankruptcy and ceased flying today after running up debt and breaching federal regulations, Bloomberg reported. “The main reasons for stopping the airline’s operati ...

Daily Headline - global.abi.org - 12/11/2012 - 23:48 - 0 comments