Russia

Results for Russia

A Big Russian Bank Just Couldn't Stay Private

The nationalization of Russia's biggest private bank sounds anachronistic: There's no global or regional financial crisis, and the latest World Bank report on the Russian economy described the country's financial sector as "largely st ...

Daily Headline - global.abi.org - 08/30/2017 - 20:49 - 0 comments

Billionaire Owners Watch Otkritie Flail as Russia Reboots Banks

As Russia’s second-biggest private bank implodes, its billionaire owners have been conspicuous by their absence, Bloomberg News reported. By leaving Bank Otkritie FC to fend for itself, the four shareholders controlling more than a third of the company - ...

Daily Headline - global.abi.org - 08/27/2017 - 21:06 - 0 comments

Russia Readies $4 Billion Eurobond Swap in Face of Sanctions

Russia laid the groundwork for an operation that will reduce some of its closest and biggest dollar bond payments before the end of the year, Bloomberg News reported. The Finance Ministry has permission to swap up to $4 billion of debt maturing in 2018, ...

Daily Headline - global.abi.org - 08/08/2017 - 22:32 - 0 comments

Second Inflation Shocker Is Unlikely to Change the Bank of Russia's Long-Term Plans

cuts. The ruble ended Friday up 0.7 percent against the dollar, its biggest gain in more than a week. ...

Daily Headline - global.abi.org - 08/07/2017 - 23:12 - 0 comments

Russian Oil Giant Lends Support to Venezuela Oil Company

Russia’s largest oil company disclosed another advance payment to Venezuela’s state producer after the U.S. sanctioned President Nicolas Maduro on Monday, Bloomberg News reported. Rosneft PJSC paid $1.02 billion to Petroleos de Venezuela SA in April for ...

Daily Headline - global.abi.org - 08/06/2017 - 21:23 - 0 comments

Stray Bond Payment After Russian Default Has Sberbank Seeing Red

Regulators might expect that shutting down a bank under suspicion for asset-stripping and fraud is enough to staunch the bleeding. But five months after Tatfondbank PJSC, one of Russia’s biggest regional banks, defaulted on a bond as the regulator seized ...

Daily Headline - global.abi.org - 08/03/2017 - 00:06 - 0 comments

Russians Jostle to Secure Money Lent to Venezuela

It seems everyone has a set of demands for what should happen to Venezuela. For the most part, from the streets of Caracas to the White House, these are loud but rather vague talking points. People in the bond market, though, have begun to put together a ...

Daily Headline - global.abi.org - 07/30/2017 - 19:32 - 0 comments

Sistema Suffers Technical Bond Default After Court Order

Russian conglomerate Sistema has announced it has suffered a technical default on Rbs 3.9bn worth of debt, after a court froze more than $3bn worth of its assets as part of a legal battle with state-controlled oil giant Rosneft. Sistema on Monday announc ...

Daily Headline - global.abi.org - 07/17/2017 - 22:23 - 0 comments

The curious case of Vladimir kekhman

Russian courts, including the Supreme Court of the Russian Federation, reasoned that a foreign insolvency order did not prevent Russian courts from hearing the case under Russian insolvency law. Russian citizens do not initiate insolvency proceedings o ...

Resource Article - twallace@abiwor... - 06/30/2017 - 11:14 - 0 comments - 1 attachment

Rosneft Clears Last Hurdles for Essar Oil Takeover

The delayed $13bn takeover of India’s Essar Oil by a consortium led Rosneft has cleared its last serious obstacles, according to the Russian oil group’s chief executive Igor Sechin. Shareholders at the company’s annual general meeting in Sochi were told ...

Daily Headline - global.abi.org - 06/22/2017 - 22:27 - 0 comments

Syndicate content