Search Results for: Russia
Leading investor calls Russia ‘the bargain of the century’
April 18th, 2016
Despite a double whammy from international sanctions and the oil price crash, the Russian stock market now offers “the bargain of the century,” Templeton Emerging Markets’ executive chairman Mark Mobius told CNBC. “Russia is very cheap,” said Mobius. “The problem is ...
Bank of Russia informs regarding revocation of a banking licence
April 15th, 2016
Due to the non-compliance by the Rostov-on-Don-based credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company, or JSC JSCB Stella-Bank with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Bank of Russia regulations issued in accordance with the Federal Law ‘On ...
Russia Says Oil-Freeze Deal Could Go Ahead Without Iran
April 14th, 2016
Comments come ahead of meeting between major oil-producing nations in Qatar on Sunday Russian Energy Minister Alexander Novak said Wednesday that an agreement on freezing oil production could be reached between oil-producing countries without the participation of Iran, Tass ...
Central Bank of Russia informs on revocation of banking licence
April 12th, 2016
The Central Bank of the Russian Federation (Bank of Russia) has issued an announcement to inform in relation to its decision to revoke the banking licence from the credit institution Joint-stock Commercial Bank KROSSINVESTBANK open joint-stock company. Due to the non-compliance ...
UBS, Credit Suisse interested in advising on Russia privatization
March 30th, 2016
Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatizations as long as the deals do not violate sanctions, three banking sources told Reuters. The banks responded to a request for proposals that ...
Russia Deals Deepen India Hold in China Oil-Buying Backyard
March 22nd, 2016
India lift stakes in Siberia fields connected to ESPO pipeline China is biggest buyer of Russian crude, including ESPO supply India is expanding its footprint in China’s backyard by forging deals with Russia for stakes in Siberian fields that supply ...
Russian court rejects Google’s anti-monopoly appeal
March 15th, 2016
The Moscow Arbitration Court has dismissed an appeal by Google against a decision by Russia’s competition watchdog that the US company broke anti-monopoly laws. The court upheld the ruling of Russia’s Federal Antimonopoly Service (FAS) that Google abused its ...
Which country had become Russia’s biggest oil customer?
March 15th, 2016
China overtakes Germany as Russia’s top crude consumer The latest report from the International Energy Agency (IEA) shows that at the end of 2015 China had become Russia’s biggest oil customer. “Shipping data suggest that China is importing more ...
What oil freeze? Saudi Arabia and Russia pump more
March 15th, 2016
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply caps. The two oil countries agreed to freeze output at ...
Russia’s Oil Dilemma, Explained
March 9th, 2016
Kremlin needs to plug hole in budget stemming from crude slump Higher tax could cause output to drop from post-Soviet record While the world focuses on Russia’s Oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin ...
