Russia

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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 - 09:03 - 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 - 21:05 - 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 - 21:12 - 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 - 19:26 - 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 - 22:49 - 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 - 11:45 - 0 comments - 1 attachment

U.S. Sanctions Update: New Parties and Key Sectors Targeted in Russia, Further Increasing Risks for Global Companies

The U.S. Government has significantly expanded restrictions on dealings by U.S. entities with Russian entities — particularly major Russian banks and energy sector companies. These actions relate to the ongoing conflict in Ukraine and the efforts by th ...

Resource Article - abi_admin - 08/20/2014 - 11:16 - 0 comments - 1 attachment

Rosneft Asks Moscow For $42 Billion

Rosneft has asked the Russian government for as much as Rb1.5tn ($42bn) in support, in a clear sign of the growing cost of western sanctions against Moscow, the Financial Times reported. The Russian government will consider a request from Igor Sechin ...

Daily Headline - global.abi.org - 08/14/2014 - 21:14 - 0 comments

Russian Tour Operators Go Bankrupt on Sanctions Fallout

Two Russian travel operators declared bankruptcy as sanctions over Ukraine weaken the ruble and curb demand for foreign travel, particularly among state employees, Bloomberg News reported yesterday. Moscow-based Labirint suspended operations Aug. 2, whil ...

Daily Headline - abi_admin - 08/06/2014 - 13:28 - 0 comments

Russian Officials At Odds Over Mechel Bailout

The head of Russia's state development bank has ruled out taking part in a rescue of ailing miner Mechel, possibly making a rival government-promoted debt-for-equity deal involving creditors a more likely option to save the company, Reuters reported ...

Daily Headline - global.abi.org - 07/30/2014 - 22:06 - 0 comments

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