– Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading …
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Financial News
Credit rating agency Scope downgrades Russia’s sovereign debt rating to ‘BB+’
by Reutersby Reuters– Credit rating agency Scope cut Russia’s sovereign debt ratings to BB+ on Tuesday and placed them under review for further downgrade, citing “severe strengthening” of the sanctions imposed on …
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– Exxon Mobil Corp said on Tuesday it is starting a process to discontinue operations and developing steps to exit the Sakhalin-1 venture in Russia. The company said it would …
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Financial News
Entities from ‘unfriendly countries’ will need Russia’s permission for certain deals
by Reutersby ReutersMOSCOW – Deals with securities or real estate, or provision of rouble loans involving entities from countries unfriendly to Russia will require special authorisation from March 2, the Kremlin said …
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Financial News
Moody’s warns Russia’s debt payments ban adds to downgrade risk
by Reutersby ReutersLONDON – Credit rating agency Moody’s warned on Tuesday that Russia’s move to ban the servicing of newly-issued foreign-currency debt in the wake of stiff Western sanctions had added to …
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MOSCOW – Russian energy giant Gazprom said on Tuesday that natural gas exports outside ex-Soviet Union countries fell by 32.6% year-on-year in January – February to 23.2 billion cubic metres …
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Russian President Vladimir Putin announced Sunday that Russian nuclear forces would be placed on high alert in response to Western economic sanctions, marking an escalation of tensions between Russia and …
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LONDON – Havoc erupted on Russian financial markets on Monday after Western powers ramped up sanctions on the country, including cutting some of its banks off from the SWIFT international …
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US and World News
Russian warships curb tilts Turkey to West, risks Russia’s ire
by Reutersby ReutersBy Tuvan Gumrukcu and Jonathan Spicer ANKARA – Turkey’s pledge to block some Russian warships from passing through its waters to the Black Sea during the Ukraine crisis could help …
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Financial News
Factbox-EU sanctions target Russia’s economy, elites and Putin himself
by Reutersby Reuters– The European Union has imposed several packages of sanctions on Russia for launching an “unprecedented and unprovoked military attack against Ukraine”, with some measures the bloc has never applied …
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Financial News
Daimler Truck suspends all cooperation with Russia’s Kamaz -Handelsblatt
by Reutersby ReutersMOSCOW – Daimler Truck has suspended all cooperation with Russia’s largest truckmaker Kamaz, Germany’s Handelsblatt daily reported on Monday, in the face of severe criticism following Russia’s invasion of Ukraine. …
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Financial News
Russia’s VTB to hike mortgage rates by four percentage points to 15.3%
by Reutersby ReutersMOSCOW – Russia’s No. 2 lender VTB will hike mortgage rates by four percentgae points to 15.3% from Feb. 28, it said on Sunday, with harsh new Western sanctions forcing …
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US and World News
Russia’s Belarus talks plan is ‘propaganda’, Ukraine official says
by Reutersby Reuters-Ukraine wants only “real” negotiations with Russia over its military offensive, without ultimatums, an adviser to President Volodymyr Zelenskiy told Reuters on Sunday, calling Moscow’s decision to send a delegation …
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MIsc. News
Factbox: EU sanctions target Russia’s economy, elites and Putin himself
by Reutersby Reuters– The European Union has imposed two packages of sanctions on Russia for launching an “unprecedented and unprovoked military attack against Ukraine”. Further sanctions, including the suspension of Russia’s access …
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Financial News
Italy’s Draghi supports Russia’s disconnection from SWIFT -Zelenskiy
by Reutersby Reuters– Ukrainian President Volodymyr Zelenskiy said on Saturday Italian Prime Minister Mario Draghi had supported Russia’s disconnection from the global SWIFT payment system in a phone conversation with him. “This …
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VILNIUS – Western partners are moving closer to halting Russia’s access to the SWIFT global interbank payments system, Lithuanian Prime Minister Ingrida Simonyte said on Saturday. “Our goal is that …
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– Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’. The sanctions …
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– Canada is imposing sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, Prime Minister Justin Trudeau said on Friday. Canada will also levy additional sanctions on Belarus …
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US and World News
China says it respects Ukraine’s sovereignty and Russia’s security concerns
by Reutersby ReutersWASHINGTON – Chinese Foreign Minister Wang Yi told senior European officials on Friday that China respects countries’ sovereignty, including Ukraine’s, but that Russia’s concerns about NATO’s eastward expansion should be …
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Russian cyberwarfare capabilities unleashed during the invasion of Ukraine have been seen as a part of information warfare. Multiple agencies, including the GRU, SVR and FSB maintain units capable of …
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Financial News
OECD ends Russia’s accession process and to close OECD Moscow office
by Reutersby ReutersPARIS – The secretary-general of the Organisation for Economic Co-operation & Development (OECD) said on Friday the OECD had decided to end Russia’s process of acceding to the OECD, following …
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– U.S. carrier Delta Air Lines Inc said on Friday it had suspended its codesharing service with Russia’s Aeroflot. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Aditya Soni)
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Financial News
S&P Global warns of rating downgrades after Russia’s Ukraine invasion
by Reutersby ReutersLONDON – Russia’s invasion of Ukraine could cause a spate of credit rating downgrades S&P Global said on Friday, warning the global economy, and Europe especially, now faced a starkly …
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Financial News
Investors rush to money market funds in days before Russia’s Ukraine invasion
by Reutersby Reuters– Investors rushed for the safety of global money market funds while ditching equities for a second week in the seven days to Feb. 23 as risk aversion dominated markets …
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Financial News
Russia’s invasion of Ukraine may pressure light-vehicle sales growth – data
by Reutersby Reuters– Russia’s invasion of Ukraine presents a “substantial risk” to the recovery of global light-vehicle sales this year, auto industry consultants J.D. Power and LMC Automotive said in a joint …