Russia

Results for Russia

Bank of Russia Chief Defends Ruble Float

The Bank of Russia had no other option but to let the ruble float freely, and the decision to do so had helped stop it from hitting fresh record lows, Elvira Nabiullina, the bank’s chairwoman, said on Tuesday, The Wall Street Journal reported. The ru ...

Daily Headline - global.abi.org - 11/18/2014 - 20:58 - 0 comments

Russia’s Surprise Rate Increase Fails to Stem Ruble Drop

The ruble tumbled the most since 2011 after a larger-than-forecast increase of Russia’s key interest rate failed to ease concern that the economy will remain hobbled by sanctions and capital flight. The Bank of Russia raised its key rate to 9.5 percent p ...

Daily Headline - global.abi.org - 11/02/2014 - 18:54 - 0 comments

Russian Investment Group To Sell Quinn Asset For IBRC

The Irish government and Russia’s A1 are planning to auction a logistics park once owned by former billionaire Sean Quinn, Kommersant reports. A1, part of billionaire Mikhail Fridman’s Alfa Group, will hold public auction on December 5 for sale of Q-Park ...

Daily Headline - global.abi.org - 10/27/2014 - 21:14 - 0 comments

No Easy Options For Russia's Central Bank To Halt Rouble Slide

Pressure is growing on Russia's central bank to adopt more radical measures to defend the tumbling rouble, such as interest rate rises, but there is no easy fix, Reuters reported in an analysis. The bank's board meets on Oct. 31 to discuss mon ...

Daily Headline - global.abi.org - 10/23/2014 - 20:20 - 0 comments

Foreign Banks In Russia Turn To Rouble Bonds

The two biggest foreign banks in Russia have been heavily tapping the rouble bond market to replace funding from their parent companies in Europe as they rush to reduce their exposure to the country, the Financial Times reported. Austria’s Raiffeisen ...

Daily Headline - global.abi.org - 10/06/2014 - 08:03 - 0 comments

Private Bank Fuels Fortunes of Putin’s Inner Circle

Weeks after President Vladimir V. Putin annexed Crimea in March, an obscure regulatory board in Moscow known as the Market Council convened inside an office tower not far from the Kremlin to discuss the country’s wholesale electricity market. It is a col ...

Daily Headline - global.abi.org - 09/28/2014 - 20:05 - 0 comments

World Bank Slashes Russian Growth Forecasts

World Bank cut its forecast for Russian economic growth to 0.3% in 2015 and 0.4% in 2016 under its ... of 2014, the World Bank sees only a 0.9% growth in 2015, increasing to 1.3% in 2016. "The ...

Daily Headline - global.abi.org - 09/24/2014 - 20:12 - 0 comments

Russia Pledges State Funds to Business as Sanctions Limit Growth

Russia will remain committed to developing its market economy as the state offers billions of dollars of aid to help the country’s biggest companies weather sanctions imposed by the U.S. and Europe, Bloomberg News reported. Prime Minister Dmitry Medvedev ...

Daily Headline - global.abi.org - 09/21/2014 - 18:26 - 0 comments

Rosneft Hit By Western Sanctions As $2 Billion Vitol Deal Scrapped

A planned $2bn deal between Rosneft and oil trader Vitol has been shelved, in the latest sign that tougher western sanctions are hampering the Russian state oil group’s ambitions, the Financial Times reported. Vitol, the world’s largest independent o ...

Daily Headline - global.abi.org - 08/21/2014 - 21:49 - 0 comments

EU Broadens the Scope of Sanctions and Restrictive Measures Targeting Russia

The EU has implemented a program of sanctions and restrictive measures designed to target Russia and persons responsible for actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Whilst these measures had ...

Resource Article - abi_admin - 08/20/2014 - 10:45 - 0 comments - 1 attachment

Syndicate content