Results for Russia
- Russian Pensioners to Get Little Relief as Inflation Bites
Prime Minister Dmitry Medvedev warned that Moscow has no money available to raise pensions further in line with last year’s high inflation rate, news that is likely to be unwelcome ahead of parliamentary elections in September, The Wall Street Journal ...
Daily Headline - global.abi.org - 08/23/2016 - 22:51 - 0 comments
- Is restructuring possible in Russia?
The Law deals with pre- insolvency re-organisation and formal insolvency procedures including re-organisation. Starting from the 1998 crisis, the commercial courts have developed a great expertise in dealing with insolvency. Attachment Siz ...
Resource Article - twallace@abiwor... - 08/10/2016 - 11:09 - 0 comments - 1 attachment
- Russia's VEB Chairman: Problems With Liquidity Solved For 2016
Russian state development bank VEB has solved its problems with liquidity for this year, the bank's Chairman Sergei Gorkov told President Vladimir Putin, the Kremlin said on its web-site on Wednesday, Reuters reported. Finance Minister Anton Siluano ...
Daily Headline - global.abi.org - 08/03/2016 - 23:54 - 0 comments
- Putin’s Economy Is Stuck and He Doesn’t Know How to Get It Going
Vladimir Putin’s economy has been shrinking for 18 months but he still doesn’t have a plan to get it going again, Bloomberg News reported. After focusing almost exclusively on foreign policy since early 2014, the need to get the economy back into gear is ...
Daily Headline - global.abi.org - 08/01/2016 - 23:47 - 0 comments
- Brunswick Rail Makes Debt-Restructuring Offer After Talks Fail
Brunswick Rail Ltd., the Russian railcar lessor struggling to repay foreign debt following a plunge in the ruble, issued a last-ditch bond-restructure plan after talks with creditors broke down. The company is giving holders of $600 million of bonds due ...
Daily Headline - global.abi.org - 06/27/2016 - 22:52 - 0 comments
- The Corner of Russian Economy Where Crisis Still Rages Unabated
As Russia’s government counts the months to an economic rebound, a bellwether of investment is nearing levels of distress last seen during the throes of a recession seven years ago, Bloomberg News reported. Building completions plunged 9 percent from a y ...
Daily Headline - global.abi.org - 06/26/2016 - 23:29 - 0 comments
- Putin Said to Weigh $11 Billion Rosneft Sale to China and India
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years, Bloomberg News reported. Russia is seekin ...
Daily Headline - global.abi.org - 06/19/2016 - 22:07 - 0 comments
- Russia's Rusagro Files For Bankruptcy Of Razgulay
Russian farming conglomerate Rusagro has filed a bankruptcy claim against Razgulay , according to materials of the Moscow Arbitration Court, Reuters reported. Rusagro, a fast-growing pork and sugar producer, confirmed submitting the claim, saying it was ...
Daily Headline - global.abi.org - 06/07/2016 - 21:19 - 0 comments
- Dutch Court Overturns $50 Billion Yukos Award Against Russia
In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague-based Permanent Court of Arbitration had no jurisdiction, the Irish Times reported ...
Daily Headline - global.abi.org - 04/20/2016 - 22:00 - 0 comments
- Mechel Signs Debt Restructuring Deal With Sberbank
Russian coal and steel producer Mechel said on Monday it had agreed a debt restructuring deal with the country's biggest bank Sberbank totalling 30 billion roubles ($446 million) and $427 million, Reuters reported. The mining company, controlled by ...
Daily Headline - global.abi.org - 04/18/2016 - 20:52 - 0 comments