(Reuters) – Russia’s largest lender Sberbank on Friday said it had appointed Taras Skvortsov as acting finance director, following a spate of high-profile exits that included former CFO Alexandra Buriko.…
(Reuters) – Russia’s largest lender Sberbank has ceased to be a shareholder in some non-financial assets, the company said on Thursday, as it reviews its strategy. Sberbank said it no…
(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary trend in the coming weeks.…
By Karin Strohecker and Jorgelina do Rosario LONDON – The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing Moscow…
(Reuters) – Russia’s largest lender Sberbank, which has been hit by Western sanctions, plans to drop its listing in London after its depositary terminated an agreement with it, the bank…
(Reuters) -The Kremlin said on Tuesday it would be “outright theft” for the Group of Seven economic powers and European Union to seize Russia’s frozen reserves and spend them on…
(Reuters) – Russia’s economy will begin stabilising in its “new equilibrium” closer to the end of this year after beginning to go through a structural transformation in the second and…
(Reuters) – Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with Western sanctions and seeks to repay outstanding loans.…
By Kirstin Ridley and Karin Strohecker LONDON – The European Union aims to cut off Sberbank, Russia’s largest lender, from the SWIFT international payment system as Western allies seek to…
(Reuters) – So far, at least, “Nickel King” Vladimir Potanin is Russia’s ultimate survivor. Unlike many of Russia’s notable oligarchs, he has not been sanctioned by the United States or…
BERLIN – The European arm of Sberbank, Russia’s biggest lender, is to be wound down by the end of the year and creditors will be paid back, Austria’s national bank,…
(Reuters) – Russian gas producer Gazprom said it was supplying natural gas to Europe via Ukraine on Wednesday in line with requests from European consumers. Requests stood at 98.4 million…
By Ross Kerber (Reuters) – The top U.S. securities regulator on Tuesday told companies they may have to disclose the impact Russia’s invasion of Ukraine could have on their business,…
LONDON – Russia’s Bolshoi Theatre has upset opera and ballet fans by abruptly cancelling a series of shows this week by directors who have spoken out against the war in…
By Jonathan Saul LONDON – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing…
(Reuters) -Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on…
(Reuters) – Russia’s top private lender Alfa Bank has given its brokerage clients until midnight on Monday to transfer foreign securities to another platform, explaining that sanctions had prevented it…
SPALDING: Russia’s Botched Ukraine Invasion Still Hands China Lessons For Seizing Taiwan Robert Spalding on April 20, 2022 With the eyes and hearts of the world fixed on Russia’s ruthless,…
By Selena Li HONG KONG – Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir,…
LONDON – The EMEA Credit Derivatives Determinations Committee (CDDC) on Tuesday accepted a request to address the question of whether a potential failure to pay occurred on Russia’s hard-currency bonds,…
(Reuters) – Russia will need to rethink its aim of a 20% share of the global LNG market after EU sanctions targeted equipment it needs to expand production, analysts said.…
PARIS – French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis.…
(Reuters) – Russia’s central bank said on Thursday that due to a “significant change in market conditions” it would buy gold from commercial banks at a negotiated price from April…
By Rocky Swift TOKYO – Japan’s government has severed banking and trade ties with Russia over Moscow’s invasion of Ukraine, but a tobacco company in which it owns a one-third…
(Reuters) – New car sales in Russia fell 62.9% year-on-year in March, contracting for a ninth straight month, as the industry encountered an acute shortage and soaring prices caused by…