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Tag:

russia’s

  • Financial News

    Russia’s Sberbank appoints acting CFO after string of senior resignations

    by Reuters May 20, 2022
    by Reuters May 20, 2022

    (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. …

  • Financial News

    Russia’s Sberbank divests some non-core assets

    by Reuters May 19, 2022
    by Reuters May 19, 2022

    (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 …

  • Financial News

    Kremlin aide Oreshkin says Russia’s year-end inflation will not exceed 15%

    by Reuters May 19, 2022
    by Reuters May 19, 2022

    (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. …

  • Financial News

    Explainer-Washington holds key to Russia’s sovereign default

    by Reuters May 19, 2022
    by Reuters May 19, 2022

    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 …

  • Financial News

    Russia’s Sberbank plans to drop its London listing

    by Reuters May 17, 2022
    by Reuters May 17, 2022

    (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 …

  • Financial News

    Kremlin says G7 using Russia’s reserves for Ukraine would be ‘outright theft’

    by Reuters May 17, 2022
    by Reuters May 17, 2022

    (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 …

  • Financial News

    Russia’s economy to start stabilising in ‘new equilibrium’ near year-end -central bank

    by Reuters May 11, 2022
    by Reuters May 11, 2022

    (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 …

  • Financial News

    Russia’s Sovcomflot says it plans to sell part of its fleet

    by Reuters May 6, 2022
    by Reuters May 6, 2022

    (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. …

  • Financial News

    Disconnecting Russia’s banks: Sberbank faces SWIFT removal

    by Reuters May 5, 2022
    by Reuters May 5, 2022

    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 …

  • Financial News

    Russia’s Potanin dodges politics and sanctions to flourish

    by Reuters May 4, 2022
    by Reuters May 4, 2022

    (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 …

  • Financial News

    European arm of Russia’s Sberbank to be wound down by year-end

    by Reuters May 4, 2022
    by Reuters May 4, 2022

    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, …

  • Financial News

    Russia’s Gazprom continues gas exports to Europe via Ukraine

    by Reuters May 4, 2022
    by Reuters May 4, 2022

    (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 …

  • Financial News

    U.S. regulator asks companies about exposure to Russia’s invasion

    by Reuters May 3, 2022
    by Reuters May 3, 2022

    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, …

  • Top HeadlinesUS and World News

    Russia’s Bolshoi drops shows by two directors who spoke out against war

    by Reuters May 2, 2022
    by Reuters May 2, 2022

    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 …

  • Financial News

    Sanctions tighten screws on Russia’s Sovcomflot as ship insurers cut cover

    by Reuters April 29, 2022
    by Reuters April 29, 2022

    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 …

  • Financial News

    Russia’s GDP decline could hit 12.4% this year, economy ministry document shows

    by Reuters April 27, 2022
    by Reuters April 27, 2022

    (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 …

  • Financial News

    Russia’s Alfa Bank gives clients deadline to transfer foreign securities

    by Reuters April 25, 2022
    by Reuters April 25, 2022

    (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 …

  • Featured NewsTop HeadlinesUS and World News

    SPALDING: Russia’s Botched Ukraine Invasion Still Hands China Lessons For Seizing Taiwan

    by The Daily Caller April 21, 2022
    by The Daily Caller April 21, 2022

    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, …

  • Financial News

    Explainer-China UnionPay, Russia’s potential payments backstop

    by Reuters April 21, 2022
    by Reuters April 21, 2022

    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, …

  • Financial News

    Credit determinations committee agrees to look into Russia’s potential failure to pay

    by Reuters April 12, 2022
    by Reuters April 12, 2022

    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, …

  • Financial News

    Russia’s LNG plans face rethink after EU sanctions on equipment -analysts

    by Reuters April 12, 2022
    by Reuters April 12, 2022

    (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. …

  • Financial News

    CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    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. …

  • Financial News

    Russia’s central bank says it will stop buying gold at a fixed price

    by Reuters April 7, 2022
    by Reuters April 7, 2022

    (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 …

  • Financial News

    Explainer: How is Japan’s government connected with Russia’s biggest cigarette maker?

    by Reuters April 6, 2022
    by Reuters April 6, 2022

    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 …

  • Financial News

    Russia’s new car sales slump 63% year on year in March

    by Reuters April 6, 2022
    by Reuters April 6, 2022

    (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 …

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