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…
Factbox-The Great Rebrand: Western business reborn in Russia under new names
(Reuters) – McDonald’s Corp is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the…
A prison cell, blood and ‘zombies’: Trevor Reed describes detention in Russia
WASHINGTON – Former U.S. Marine Trevor Reed described his experience in a Russian psychiatric facility in an interview broadcast on Friday, detailing squalid conditions amid severely mentally ill inmates. Reed, detained in…
Putin instructs government to assess actions taken against Russia in WTO
(Reuters) – Russian President Vladimir Putin has instructed the government to assess measures taken by countries in the World Trade Organisation (WTO) that restrict trade with Moscow, a document published on the…
Woodside’s ‘crown jewel’ Scarborough gas lures buyers to fill Russia gap
By Sonali Paul MELBOURNE – Woodside Petroleum has received strong interest from companies for a stake in the Scarborough natural gas project it is developing off Western Australia in the wake of…
Russia to revive Moskvich brand using Chinese platform – sources
(Reuters) – Production of Russia’s Soviet-era car brand the Moskvich could resume using a Chinese platform in partnership with truckmaker Kamaz, two sources told Reuters on Thursday, with the model to be…
Russia allows 15 companies to remain listed abroad – finance ministry
(Reuters) – Russia has given 15 companies including metals giant Nornickel and liquefied natural gas producer Novatek approval to remain listed on foreign exchanges, the finance ministry said on Wednesday. Russian President…
Human Rights Watch documents ‘apparent war crimes’ by Russia in Ukraine
(Reuters) – A leading human rights watchdog said on Wednesday it had documented further cases of “apparent war crimes” by Russian troops in two regions in Ukraine. Human Rights Watch (HRW) said…
Rouble dips against dollar after Russia eases capital controls
(Reuters) – The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of some capital controls and as…
Russia needs significant rise in imports, development bank VEB says
(Reuters) – The Russian economy, hit by unprecedented Western sanctions, is potentially resilient but needs a significant increase in imports and greater freedoms, economists at state development bank VEB said on Tuesday.…
Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24, have started to report associated losses. These are companies, listed…
Rouble reverses rally as Russia eases capital controls
(Reuters) – The Russian rouble weakened on Tuesday, stepping away from near five-year highs against the euro, after the central bank eased some capital controls that were the main driver of its…
Moscow says G7 attempts to isolate Russia make global food crisis worse
(Reuters) – Russia’s foreign ministry said on Monday that attempts by the West and the G7 group of nations in particular to isolate Moscow have worsened global food shortages. G7 foreign ministers…
Russia raises ceiling for cross-border transactions for individuals
(Reuters) – The Russian central bank on Monday said Russian residents and non-residents from friendly states will be able to channel foreign currency abroad equivalent to up to $50,000 a month, from…
Russia gives Credit Bank of Moscow licence to export gold
(Reuters) – Credit Bank of Moscow (MKB), one of Russia’s largest private lenders, has obtained a gold export licence from the government, it said on Monday, becoming the latest Russian bank to…
Turkey’s FLO in talks to take over Reebok’s stores in Russia – chairman
By Ceyda Caglayan ISTANBUL – Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said on…
Russia risks speed up automakers’ switch from palladium to platinum, WPIC says
LONDON – Automakers are accelerating efforts to use less palladium and more platinum due to worries over palladium supply from Russia, the World Platinum Investment Council (WPIC) said on Monday, predicting a…
Factbox-Western trade and transport sanctions on Russia
(Reuters) – The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow’s invasion of Ukraine. The measures have…
Factbox-Western financial sanctions on Russia
LONDON – The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow’s invasion of Ukraine. The measures have…
Finnish utility Fortum to quit Russia
COPENHAGEN -Finland’s Fortum will exit Russia and is looking for a buyer for its assets there, the utility said on Thursday, as the country flagged an application to join NATO in a…
Factbox-Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24, have started to report associated losses. These are companies, listed…
Moscow lawyers target more cases against Western firms that leave Russia
(Reuters) – A Moscow law firm that has filed cases against Apple and Netflix over what it says are consumer rights violations is aiming to “punish” other Western companies that have quit…
Allianz very likely to fully exit Russia, CFO says
By Tom Sims and Alexander Hübner FRANKFURT -Allianz, which has already stopped accepting new business in Russia, will probably fully exit the country, the German insurer’s finance chief said on Thursday. The…
Russia warns West over risk of conflict with NATO
LONDON – One of President Vladimir Putin’s closest allies warned the West on Thursday that the increasing military support given to Ukraine by the United States and its allies risked triggering a…
Russia puts sanctions on Gazprom units in Europe and U.S., part owner of pipeline
LONDON -Moscow has imposed sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian…
Russia names deputy economy minister Galkin as new statistics chief
(Reuters) – The Russian government on Wednesday appointed deputy economy minister Sergei Galkin as the new head of the Rosstat statistics service. Pavel Malkov, the previous head of Rosstat, was named as…
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