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Tsipras Flies To Moscow Amid Speculation Of Bailout From Putin

Determined to take Greek-Russian relations out of “the deep freeze”, a defiant Alexis Tsipras flew to Moscow yesterday for talks with president Vladimir Putin, ratcheting up the pressure on the western creditors keeping his debt-stricken country afloat, ...

Daily Headline - global.abi.org - 04/07/2015 - 22:14 - 0 comments

VTB Bank, Gazprombank Discuss Restructuring Debt of Mining Giant Mechel

Russia's VTB bank and Gazprombank are holding talks on the restructuring of mining giant Mechel's debt, along with other Russian banks, VTB head Andrei Kostin announced on Monday, Sputnik News reported. "We are working with Mechel, discuss ...

Daily Headline - global.abi.org - 04/06/2015 - 21:26 - 0 comments

Brown Rudnick Alert: The Yukos Awards: Russia appeals in the Netherlands- ATTORNEY ADVERTISING

By: Roger Kennell & Olga Bischof Background In July 2014 we reported that an international arbitral tribunal sat in the Hague had ordered the Russian Federation to pay over US$ 50 billion to former shareholders of the Yukos oil company, for i ...

Resource Article - twallace@abiwor... - 04/06/2015 - 08:27 - 0 comments - 0 attachments

Greece Looks to Russia as Deal With Europe Stumbles

With the prospect of a default looming in Greece, Prime Minister Alexis Tsipras is preparing to meet next week with President Vladimir V. Putin of Russia as a European deal to give more aid to Athens falters, the International New York Times reported ...

Daily Headline - global.abi.org - 03/30/2015 - 21:06 - 0 comments

In Russia, the Well for Corporate Bailouts Might Run Dry

Facing Western sanctions and low oil prices, Russian companies are lining up for subsidies from the government. But the demand for bailouts is quickly outstripping the supply of money, raising the prospect of an economic crisis here if the funds run out, ...

Daily Headline - global.abi.org - 03/09/2015 - 20:22 - 0 comments

Russian Inflation Accelerates

Russia’s inflation rate has accelerated to levels last seen in 2002, leaving the central bank with a policy conundrum as the economy slides into a recession, The Wall Street Journal reported. Hit by a rapid drop in the price of oil, Russia’s chief ex ...

Daily Headline - global.abi.org - 03/05/2015 - 22:26 - 0 comments

Russia to Draw Half Its Reserve Fund to Support Budget

Russia sharply raised the amount it plans to draw from its reserve fund to support this year’s budget, as revenues fall along with oil prices and Western sanctions cut the country off from international financing, The Wall Street Journal reported. In ...

Daily Headline - global.abi.org - 03/01/2015 - 21:35 - 0 comments

Petropavlovsk Shareholder Sapinda Says It Will Vote Against Financing Package

Petropavlovsk PLC suffered a blow Tuesday when an investment vehicle representing a sizable number of the Russia-focused gold miner’s shareholders said it would vote against the company’s financing package, which is aimed at staving off the threat of ban ...

Daily Headline - global.abi.org - 02/17/2015 - 23:54 - 0 comments

Ruble’s Fall Tests Bank Governor

Elvira S. Nabiullina, the governor of Russia’s central bank, was deep into a speech about her new currency policy when it became clear nobody was paying attention. Her audience, chief Russia economists from a dozen or so foreign banks, were looking down ...

Daily Headline - global.abi.org - 02/09/2015 - 23:25 - 0 comments

Alpari Co-Owner Says Applied To Wind Up Business A Year Ago

The co-founder of Russian-owned broker Alpari applied a year ago to wind up the parent company of its retail FX brokerage Alpari UK, fearing long before the company's collapse from trading losses last week that it "was doomed". Andrey Dash ...

Daily Headline - global.abi.org - 01/21/2015 - 23:36 - 0 comments

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