Russia

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Foreign Banks Retreat From Crisis-Hit Russia

Foreign banks have fled Russia in dramatic fashion in 2014, cutting back their exposure to the country well ahead of the latest escalation of the rouble crisis, the Financial Times reported. Overall syndicated loan volumes this year collapsed to just ...

Daily Headline - global.abi.org - 12/18/2014 - 22:17 - 0 comments

Russia Introduces Measures to Calm Economic Jitters

Seeking to calm growing fears of an economic meltdown, the Russian government on Wednesday introduced a package of measures to reduce pressures on banks and urged the public to stay calm, the International New York Times reported. It seemed to work, ...

Daily Headline - global.abi.org - 12/17/2014 - 21:49 - 0 comments

Russian Ruble Hits New Low Despite Rate Rise

The battered ruble plunged to a record low against the dollar again Tuesday, as investors grew convinced that the Russian central bank’s surprise move overnight to jack up interest rates to 17% wouldn’t be enough to alleviate the pressure on the currency ...

Daily Headline - global.abi.org - 12/16/2014 - 22:56 - 0 comments

Interest Rate Rises to 17% in Russia

Russia has a new enemy: the currency markets. Russia’s government is in the middle of an all-out fight to preserve the value of the ruble in the face of plummeting oil prices and Western sanctions over the Ukraine crisis, the International New York Tim ...

Daily Headline - global.abi.org - 12/15/2014 - 23:05 - 0 comments

Weak Ruble Keeps Russians at Home

The ruble’s plunge against the euro and the dollar is upending the lives of many in Russia’s middle class, which in recent years has gotten used to vacations abroad and Western products from gadgets to food, The Wall Street Journal reported. Booming ...

Daily Headline - global.abi.org - 12/14/2014 - 23:25 - 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 - 12/11/2014 - 14:39 - 0 comments - 0 attachments

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 the ...

Resource Article - abi_admin - 12/11/2014 - 14:38 - 0 comments - 0 attachments

Brown Rudnick Alert: International arbitration award of over $50 billion for former Yukos shareholders against Russia after 10-year legal fight

In what is being reported as the biggest ever arbitration award, on 18 July 2014 the Russian Federation was ordered to pay just over $50 billion to former shareholders of OAO Yukos Oil Company (“Yukos”) following the state’s campaign to destroy its busin ...

Resource Article - abi_admin - 12/11/2014 - 14:33 - 0 comments - 0 attachments

Country Reports Spring 2014

Russia : Bankruptcies in the banking sector . At the end of 2013 and the beginning of 2014 a number of Russian banks had their licenses revoked. France : Commercial code or the civil procedure code? The French commercial code gives a ...

Resource Article - abi_admin - 12/11/2014 - 13:30 - 0 comments - 1 attachment

Avialeasing Investment Company Files Lawsuit For Bankruptcy Of UTair Airline

The Perm-based Avialeasing investment company has lodged a bankruptcy petition against Russia’s leading regional carrier, UTair, which has failed to pay 3.5 million rubles ($67,000) for leasing Tu-154-M planes, the press service of the arbitration court ...

Daily Headline - global.abi.org - 12/08/2014 - 21:51 - 0 comments

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