Russia

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Sberbank May Sell 1.1 Billion Euros in Loans Granted to Agrokor

Russia's largest bank Sberbank is considering selling 1.1 billion euros (920.1 million pounds) in loans it granted to indebted Croatian food and retail group Agrokor, Sberbank's First Deputy Chairman Maxim Poletayev said, the International Ne ...

Daily Headline - global.abi.org - 04/25/2017 - 21:35 - 0 comments

Russia Wins Early Verdict in $3 Billion Ukrainian Bond Case

Russia won an early verdict in a London lawsuit that may force Ukraine to repay part of a defaulted $3 billion bond, in a dispute that extended the battle over Russia’s annexation of Crimea into a U.K courtroom, Bloomberg News reported. Judge William Bla ...

Daily Headline - global.abi.org - 03/29/2017 - 21:05 - 0 comments

"Country report - Russia" by Ilya Kokorin

Following the economic downturn in the aftermath of the 2008 financial crisis, the number of insolvency applications in Russia has been fluctuating, but remained relatively stable with approx. 40,000 insolvency applications per year. Attachme ...

Resource Article - twallace@abiwor... - 02/08/2017 - 15:23 - 0 comments - 1 attachment

Russia Needs A Revolution To Reform Its Economy

When Alexei Kudrin was tasked last year with drawing up a new economic strategy for Russia, there were good reasons for the country’s leadership to countenance previously unpalatable reforms, the Financial Times reported. With the crash in oil prices ...

Daily Headline - global.abi.org - 01/16/2017 - 23:57 - 0 comments

Corporate Raiding Devastating Russian Economy

Criminal prosecutions have been opened against more than 100,000 businesspeople in Russia in the first half of this year as part of a growing problem that is devastating the Russian economy, an expert on the topic has told a Dublin audience, the Irish ...

Daily Headline - global.abi.org - 11/17/2016 - 00:25 - 0 comments

Russia's VEB Chairman Sees Difficulties Redeeming Debt In 2017

Russian state development bank VEB will manage to pay back outstanding debt next year though it will be difficult, the bank's chairman Sergei Gorkov said on Thursday, Reuters reported. Gorkov said VEB had to pay back around 250 billion rubles ($3.9 ...

Daily Headline - global.abi.org - 11/10/2016 - 22:13 - 0 comments

Rosneft's State Shareholder Might Help Finance Buyback Of Its Shares

Rosneftegaz, the state holding company that controls Russian oil major Rosneft, is considering helping Rosneft finance the buyback of some of its shares in Rosneft, three sources with knowledge of the discussions said, Reuters reported. The Russian state ...

Daily Headline - global.abi.org - 11/08/2016 - 22:18 - 0 comments

Russia's Mechel To Complete Debt Restructuring By Early 2017

Russian metals and mining giant Mechel plans to sign a final debt-restructuring deal in early 2017, its chief financial officer told Reuters, concluding more than two years of negotiations on a burden that has threatened its survival. Mechel borrowed hea ...

Daily Headline - global.abi.org - 10/26/2016 - 22:13 - 0 comments

Elvira Nabiullina Hunts Down Russia’s Banking ‘Banditry’

When Elvira Nabiullina took over as governor of Russia’s central bank, she came face to face with a sobering statistic: regulators listed as many as 150 banks that were regularly involved in dubious transactions, the Financial Times reported. Today, ...

Daily Headline - global.abi.org - 10/19/2016 - 21:23 - 0 comments

Russia Default Risk Falls to Lowest Since August Crimea Flare-Up

The cost of insuring Russian debt using credit-default swaps fell to a three-week low as tensions with Ukraine eased, offering relief from mounting political risk that had weighed on assets last month, Bloomberg News reported. Investors welcomed the dimi ...

Daily Headline - global.abi.org - 09/01/2016 - 23:52 - 0 comments

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