Saxo Bank terminates Russian, Belarussian clients following sanctions
COPENHAGEN – Danish investment bank Saxo Bank said on Saturday it had terminated clients from Russia and Belarus in response to sanctions imposed on those …
Russian
Mitsubishi halts production at Russian plant it co-runs with Stellantis
(Reuters) -Japanese automaker Mitsubishi Motors said on Friday it had stopped production at a Russian van plant in Kaluga that it owns with Stellantis until …
Russian inflation to continue rising due to base effect, central bank says
(Reuters) – Annual inflation will continue to rise due to the base effect, the Russian central bank said on Friday, adding that tightening of monetary …
Russian brewers ask for help replacing imported hops -Kommersant
(Reuters) – Russian brewers have asked the agriculture ministry to help them find ways to replace imported hops in the next few years as they …
U.S. blacklists Russian shipbuilder and diamond mining company
WASHINGTON – The United States blacklisted two Russian state-owned enterprises, United Shipbuilding Corp and the Alrosa diamond mining company, denying them access to the U.S. …
Russian authorities aim at making rouble rate more predictable – Ifax
(Reuters) – The Russian finance ministry together with the central bank are working on measures to make the rouble exchange rate more predictable and less …
Facebook-owner Meta says it is considering steps to curb Russian government misinformation
By Elizabeth Culliford (Reuters) – Facebook-owner Meta has removed hacking campaigns, influence networks and scam operations amid the war in Ukraine, according to a report …
Russian lawmakers vote for delisting of Russia-registered firms from foreign bourses
(Reuters) – Russia’s lower house of parliament has passed in a third and final reading on Wednesday a bill on delisting of companies that are …
Russian Oligarch Charged With Violating United States Sanctions
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office …
JPMorgan allows clients to cancel depositary receipts in Russian companies- sources
By Sinead Cruise and Carolina Mandl NEW YORK – JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to …
Russian banks need to be recapitalised as losses loom, VTB CEO says
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale …
Kinross Gold to sell Russian assets for $680 million
(Reuters) -Kinross Gold Corp is selling its Russian assets to Highland Gold Mining group of companies for a total of $680 million in cash, the …
Russian magnate says charging roubles for exports would backfire – newspaper
(Reuters) – Steel baron Vladimir Lisin, listed by Forbes magazine as Russia’s third richest man, told Kommersant newspaper on Tuesday that Moscow’s plans to charge …
Russian services sector shrinks in March at fastest pace since May 2020 – PMI
(Reuters) – Russia’s services sector activity shrank in March at the fastest rate since May 2020 when the COVID-19 pandemic hit, due to a slump …
‘Obvious’ Russian forces responsible for atrocities in Ukraine’s Bucha, Pentagon says
WASHINGTON – Russian forces are obviously responsible for the atrocities in the Ukrainian town on Bucha, the Pentagon said on Monday, even as it acknowledged …
$90 Million Yacht of Sanctioned Russian Oligarch Viktor Vekselberg Seized by Spain at Request of United States
WASHINGTON – Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), …
Germany faces steep recession if Russian oil and gas halted – banks
FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German …
ExxonMobil suspends Russian Far East LNG project – Interfax
(Reuters) – ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, …
EU accuses Russian troops of committing atrocities in Ukrainian town Bucha
(Reuters) – The European Union on Sunday accused Russian troops of committing atrocities in the Kyiv region after the mayor of the town of Bucha …
U.S. curbs exports to more Russian and Belarusian companies
LOS ANGELES – The Biden administration announced on Friday a new round of export restrictions against Russia and Belarus, adding 120 entities, mostly companies with …
Exclusive-Ship fuel suppliers stop serving Russian vessels in the Med – sources
By Jonathan Saul (Reuters) – Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in …
Russian invasion, crypto trading drive ‘tail risks’ for U.S. banks -regulator
By Pete Schroeder WASHINGTON – A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk …
New Russian airliner will use domestic engines, given sanctions – official
(Reuters) – One of Russia’s flagship airliner projects, the Irkut MS-21, will use domestic engines given that sanctions mean U.S. models are no longer available, …
White House says rouble is being artificially propped up by the Russian central bank
WASHINGTON – The White House is seeing an “artificial propping up of the rouble” by the Russian central bank and by the Russian government, communications …
U.S. will not recognize results of any Russian effort to divide Georgian territory -State Dept
WASHINGTON – The United States will not recognize the results of any effort by Russia or its proxies to divide sovereign Georgian territory, State Department …
India’s NTPC $2.81 billion power plant may face supply issues from Russian entities -minister
NEW DELHI – NTPC Ltd’s $2.81 billion coal-fired power plant, which is currently under construction in India, may face supply issues from Russian entities, India’s …
Swiss watchmakers grapple with fallout of Russian crisis
By Silke Koltrowitz GENEVA – Swiss watchmakers are gathering in Geneva this week for their first big industry event in three years, tackling the impact …
Exclusive-Banks tell Britain that curb on all Russian savers won’t work -sources
By Andrew MacAskill and Sinead Cruise LONDON – Banks in Britain have warned the government that a plan to ban all Russians from holding more …
Oil above $100/barrel to stay as market struggles to replace Russian barrels: Reuters poll
By Seher Dareen (Reuters) – A rally in oil is set to continue with prices staying well above $100 this year as a parched market …
Russian oil refiners signal deeper cuts to refinery runs amid overstocking
(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due …
Moody’s withdraws all credit ratings on Russian entities
(Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided …
Analysis-U.S. and allies may find tapping stockpiles inadequate to plug Russian oil gap
By Noah Browning and Timothy Gardner LONDON/WASHINGTON – Top oil consuming nations may find that one of their main tools to fight high global oil …
Sanctioned Russian bank VTB sees strong demand for gold bars
(Reuters) – Russia’s second-largest lender VTB, hit by Western sanctions over Moscow’s actions in Ukraine, has sold one tonne of gold to customers this month …
Russian gold miners dig for ways to overcome Ukraine impact
By Yadarisa Shabong (Reuters) -Russian gold miners Polymetal and Petropavlovsk warned on Wednesday of increasing hurdles in doing business, including higher operating costs and continued …
Scholz, Biden and allies agree to keep pushing for Russian ceasefire – German govt
BERLIN – The leaders of Germany, the United States, France, Britain and Italy agreed in a phone call on Tuesday afternoon to keep pushing Russia …
Factbox-What are Europe’s options in case of Russian gas disruption?
By Nina Chestney (Reuters) – European gas prices have risen further amid concerns about supply as Russia and the West remain at odds over Moscow’s …
Cement maker Holcim to quit Russian market
ZURICH – Holcim is exiting the Russian market, the world’s biggest cement-maker said on Tuesday, the latest western company to quit the country following Moscow’s …
Fitch withdraws Russian banks’ ratings
(Reuters) – Rating agency Fitch said on Tuesday it has withdrawn its ratings of 27 Russian banks, four of their affiliates and related financing special …
Ukraine’s Zelenskiy says tougher Russian sanctions needed quickly
By Maria Starkova and Ronald Popeski (Reuters) – Ukrainian President Volodymyr Zelenskiy on Monday urged Western nations to toughen sanctions quickly against Russia, including an …
G7 rejects Putin’s demand for rouble payment for Russian gas – Germany
BERLIN – Energy ministers from the Group of Seven industrialized nations reject demands by President Vladimir Putin that “unfriendly” countries pay for Russian gas with …
EU’s biggest economy Germany blocked Russian coal ban, sources say
By Francesco Guarascio BRUSSELS – In the early stages of sanctions drafting against Moscow, one idea gained traction in Brussels – a ban on the …
U.S., NATO contingency planning for possible Russian attack -White House
WASHINGTON – The United States and its NATO allies are doing contingency planning for any possible Russian attack on NATO territory, White House national security …
Germany makes progress in cutting back on Russian energy, minister says
BERLIN -Germany has made significant progress towards reducing its exposure to imports of Russian gas, oil and coal since Russia invaded Ukraine, Economy Minister Robert …
U.S. LNG will help reduce EU’s Russian gas dependency, von der Leyen says
BRUSSELS – The commitment by the United States to deliver additional liquefied natural gas (LNG) to the EU is a big step towards making Europe …
Russian carmaker Avtovaz plans four-day week for three months from June 6
– Russian carmaker Avtovaz will impose a four-day working week for three months from June 6, it said in a statement on Friday. The short …
German ministry wants to halve dependence on Russian oil by summer -Spiegel
BERLIN – Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by …
Four Russian Government Employees Charged in Two Historical Hacking Campaigns Targeting Critical Infrastructure Worldwide
WASHINGTON – The Department of Justice unsealed two indictments today charging four defendants, all Russian nationals who worked for …
Moody’s to withdraw credit ratings on Russian entities
– Moody’s Investors Service (MIS) said on Thursday it intends to withdraw its credit ratings on Russian entities, following similar moves by Fitch and S&P …
Russian demand for rouble gas payments would be breach of contract, EU leaders say
By Kate Abnett BRUSSELS – Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for …
Fitch to withdraw ratings on all Russian entities
– Fitch will withdraw ratings on all Russian entities and their subsidiaries in order to comply with European Union sanctions, the ratings agency said on …