Russia

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Russia's VTB Says No Plans To Provide Liquidity, Capital To Corpbank

Russian bank VTB's investment unit VTB Capital said it does not have any plans to provide liquidity or capital resources to Bulgaria's Corporate Commercial Bank (Corpbank), which was taken over by the country's central bank on Friday after ...

Daily Headline - global.abi.org - 06/24/2014 - 22:55 - 0 comments

Putin’s Singapore Dream Costs Crimea Banks and Burgers

President Vladimir Putin is trying to transform Crimea into the Singapore of the Black Sea. That effort so far has cost Russia’s newest republic its entire banking system and all three of its McDonald’s, Bloomberg News reported. After Putin annexed Crime ...

Daily Headline - global.abi.org - 05/22/2014 - 22:19 - 0 comments

Russian GDP Growth Slows as Investment Sags on Sanctions

the U.S. and its allies over Ukraine shrivels up investment. Gross domestic product advanced 0 ... first-quarter GDP. That was above the 0.7 percent median estimate of 19 economists in a Bloomberg survey. The Economy Ministry had projected that output expanded 0.8 percent. President Vladimir Putin’s move to absorb ...

Daily Headline - global.abi.org - 05/15/2014 - 19:40 - 0 comments

Sanctions Put Squeeze On Russia Loans

Russian companies are facing tougher lending restrictions from western banks as sanctions against the country start to bite. Banks are insisting that new loans to Russian businesses that are not directly targeted by sanctions carry clauses forcing immedi ...

Daily Headline - global.abi.org - 05/14/2014 - 21:03 - 0 comments

Russian Firms Turn To Asia For Finance As Western Funds Demur

Russian companies shut out of Western markets as a result of the Ukraine crisis are scouting the possibility of raising cash via Chinese or Singapore bonds instead, even if a large scale funding switch to Asia is likely to be a tall order, Reuters report ...

Daily Headline - global.abi.org - 05/05/2014 - 22:54 - 0 comments

Russia Raises Rate to Bolster Economy After S.&P. Cuts Its Debt Rating

With tensions over Ukraine continuing to mount, Russia is scrambling to stem the economic fallout, as its central bank unexpectedly raised a crucial interest rate on Friday, the International New York Times reported. The move is intended to help halt ...

Daily Headline - global.abi.org - 04/27/2014 - 22:35 - 0 comments

Country Reports Winter 2013/14 - RUSSIA - Changing the 'rules of the game'?

The State Duma of the Russian Federation has adopted amendments to the Law on Bankruptcy in part determining material liability of persons, controlling the actions of the debtor, of the debtor’s management and members of the liquidation commission, whose ...

Resource Article - twallace@abiwor... - 04/28/2014 - 09:46 - 0 comments - 1 attachment

Why Putin Isn’t Scared by $115 Billion of Debt: Russia Credit

Russian companies, facing $115 billion of debt due over the next 12 months, will have the funds even as bond markets shut because of the Ukraine crisis, according to Moody’s Investors Service and Fitch Ratings. Firms will have about $100 billion in cash ...

Daily Headline - global.abi.org - 04/21/2014 - 22:21 - 0 comments

Rusal Secures More Time In Debt Restructuring Talks

Rusal has received approval from its lenders for “forbearance”, in a move that will stave off default as it seeks to hammer out a restructuring of its $10bn net debt pile, the Financial Times reported. The world’s largest aluminium producer has been ...

Daily Headline - global.abi.org - 04/09/2014 - 21:18 - 0 comments

Russia’s First-Quarter Capital Outflows Largest Since Late 2008

government estimate of about $70 billion. The economy, which is now forecast to expand 0.5 percent to 1.1 ...

Daily Headline - global.abi.org - 04/09/2014 - 21:19 - 0 comments

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