Russia

Results for Russia

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

Russia Must Compensate Yukos Shareholders, European Court Rules

An international court ruled that Russia owes shareholders of the now-defunct oil giant Yukos more than $50 billion for what it described as the Kremlin's "devious and calculated expropriation" of assets designed to bankrupt the firm, Th ...

Daily Headline - global.abi.org - 07/28/2014 - 20:42 - 0 comments

Russian Reliance on Chinese Loans May Blunt the Impact of U.S. Sanctions

With the latest round of sanctions against Russia, the United States Treasury Department said it had “increased the cost of economic isolation for key Russian firms,” like the state oil company Rosneft and the banking arm of the natural gas giant Gazprom ...

Daily Headline - global.abi.org - 07/17/2014 - 21:24 - 0 comments

London Court Convenes RUSAL Creditors For Debt Restructuring

The London High Court is convening a meeting of creditors of Russia’s aluminum giant RUSAL to vote on a scheme of arrangement of restructuring the company’s $5.15 billion debt, RUSAL said in a statement on Friday. RUSAL, which is the world’s largest alum ...

Daily Headline - global.abi.org - 07/13/2014 - 23:13 - 0 comments

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

Syndicate content