Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Gas flows to France from Germany halted after Russia reduces supplies
PARIS – Gas flows from Germany to France have stopped since June 15 after what German officials on Friday described as Russia’s politically motivated decision to reduce supplies to the European Union.…
Explainer: Why Russia drives European and British gas prices
By Susanna Twidale LONDON – Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline,…
Russia Cuts Gas Flows To Europe, Blames Sanctions
Russia Cuts Gas Flows To Europe, Blames Sanctions Thomas Catenacci on June 16, 2022 Russian state-run energy giant Gazprom reduced natural gas exports headed for Europe by a significant margin Thursday, sending…
Finland’s Nokian Tyres lifts sales outlook despite Russia uncertainty
COPENHAGEN – Finland’s Nokian Tyres on Friday nudged up its sales guidance despite an uncertain operating environment related to Russia, home to its largest production plant. The company, which used to make…
Russia says cutting oil production would have risks, require calculation
(Reuters) – The idea of cutting oil production in Russia to further increase prices has risks and would require calculation, Deputy Finance Minister Alexei Sazanov told Reuters on Friday. Deputy Prime Minister…
Factbox: Companies sell their businesses in Russia
(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal…
Russia needs economic ‘perestroika’ to end reliance on energy exports – cenbank chief
LONDON – Russia must reduce its decades-old reliance on exports of raw materials and stimulate private enterprise to avoid slipping back towards a Soviet-style technological lag with the West, the governor of…
Russian lawmaker expects Google to stay in Russia
(Reuters) – The deputy head of the State Duma parliamentary committee on information policy, Anton Gorelkin, said on Thursday he expected Google would remain in Russia. Moscow has no intention of blocking…
Novak says Russia can increase oil production in July
(Reuters) – Russia plans to increase oil production next month as export flows are being redirected to avoid Western sanctions, energy officials said on Thursday, predicting domestic oil output would be either…
Russia says West, unlike China, ‘shoot themselves in the head’ over Ukraine
By Guy Faulconbridge LONDON – Russia said on Wednesday that the West had “shot itself in the head” by trying to limit energy imports from the oil and gas fields of Siberia…
EU looking to Israel to help it reduce energy reliance on Russia
JERUSALEM – The European Union is looking to Israel to help reduce its energy dependence on Russia following the Russian invasion of Ukraine, European Commission President Ursula von der Leyen said in…
Russia to restrict budget data in response to Western sanctions
(Reuters) – Russia will start restricting public access to some government data in an attempt to protect the country from additional sanctions, the finance ministry said on Tuesday. In a statement, the…
What next? Ukraine’s allies divided over Russia endgame
By John Irish, Andreas Rinke and Humeyra Pamuk PARIS/BERLIN/WASHINGTON – Is it better to engage with Russian President Vladimir Putin over his invasion of Ukraine or to isolate him? Should Kyiv make…
Russia forecasts car sales to halve in 2022 – ministry
(Reuters) – Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues, a senior official said. “We saw a sharp fall (in car…
Committee defers decision on Russia CDS auction after U.S. sanctions update
By Jorgelina do Rosario LONDON – The EMEA Credit Derivatives Determinations Committee said on Thursday it was deferring a decision over how to hold a potential auction on Russian credit default swaps…
Russia does not expect to cut gas to more European customers
(Reuters) -Russia said on Thursday it did not expect Gazprom to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in roubles was…
Russia further raises ceiling for cross-border transactions for individuals
(Reuters) – The Russian central bank said on Tuesday Russian residents and non-residents from “friendly” states will be able to channel foreign currency abroad equivalent to up to $150,000 a month, up…
Russia softens capital controls to allow companies to transfer forex overseas
(Reuters) – Russia on Tuesday said export-focused companies can transfer foreign currency to accounts overseas under certain conditions in a move aimed at helping to pay for imports and to dampen the…
Story on IBM ceasing operations in Russia is withdrawn
(Reuters) – A Reuters story quoting Russia’s RIA Novosti as saying IBM will cease operations in Russia is withdrawn. IBM made the announcement on March 7. There will be no substitute story.…
Russia CDS committee to meet on Wednesday after “credit event” call
LONDON – A key group of bond market participants will hold their next meeting on June 8 https://www.cdsdeterminationscommittees.org/cds/the-russian-federation-3 to hammer out how key Russian default insurance policies, known as Credit Default Swaps,…
Russia calls for coordinated BRICS action against global economic risks
(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to coordinate measures to stabilise the economic situation, Russian Finance Minister Anton Siluanov said on Monday.…
Russia seen cutting key rate by 100 bps to 10% on Friday- Reuters poll
(Reuters) – The Russian central bank is expected to cut its key interest rate by 100 basis points to 10% on Friday as it tries to make lending more affordable amid sluggish…
Exclusive: Russia warns U.S. media in Moscow they risk losing their accreditation – sources
By Guy Faulconbridge LONDON – Russia warned U.S. news organisations on Monday they risked being stripped of their accreditation unless the treatment of Russian journalists in the United States improves, according to…
Don’t close the embassy, U.S. ambassador tells Russia
By Guy Faulconbridge LONDON – Russia should not close the U.S. embassy despite the crisis triggered by the war in Ukraine because the world’s two biggest nuclear powers must continue to talk,…
Lego stores in Russia shut down after supplies dry up
COPENHAGEN – Toymaker Lego’s Russian reseller said on Friday it was temporarily “freezing” some of its stores in Russia after sanctions imposed on Moscow over its invasion of Ukraine hit its supply…
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