Search Results for: Russia
Russia may ban circulation of US dollar
November 6th, 2014
Russia may ban the circulation of the United States dollar. The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports. If the bill is approved, Russian ...
Ruble Rout Intensifies as Russia’s Central Bank Limits Interventions
November 5th, 2014
The Russian ruble plunged when trading opened Wednesday as the Central Bank announced it would cap the amount of foreign reserves it spends to defend the currency. The ruble fell to historic lows, diving to 44.98 against the dollar ...
Ukraine and Russia Reach Deal on Natural Gas Supplies
October 31st, 2014
The agreement, under European Union auspices, ends a standoff over payments for gas Ukraine had already consumed, and terms for future deliveries. Russian and Ukrainian officials reached an agreement on Thursday night to resume Russian deliveries of natural gas ...
Russia: Court Rules Against Tycoon
October 31st, 2014
A Moscow court on Thursday ruled in favor of nationalizing a Russian billionaire’s majority stake in the oil producer Bashneft, one of the country’s largest private oil companies. Prosecutors last month placed the billionaire, Vladimir P.Yevtushenkov, the head of ...
Russian Cheese, Anyone? Imports Hard to Replace in Moscow
October 30th, 2014
Nikolai Borisov, the proprietor of three Italian restaurants in Moscow, has been forced to take Gorgonzola cheese and Parma ham off his menus after PresidentVladimir Putin banned some food imports in August. “You can make pizza using Russian cheese, ...
Trio of Russian state-owned banks take EU to court over sanctions
October 29th, 2014
Three Russian major state-owned institutions – Sberbank, VTB and Vnesheconombank – have announced that they have filed lawsuits with an EU court to contest sanctions the European Union imposed on them in late July. The first to announce its ...
Russia Brain Drain Saps Talent as Sanctions Hit Financing
October 27th, 2014
Artem Kulizhnikov, founder of a startup designed to help musicians annotate music, is packing his bags to leave Moscow in December. His destination: Dubai or Singapore, where he sees a better chance of securing funding for his second company. ...
Russia Opens Criminal Probe Into Plane Crash Death Of Total CEO
October 23rd, 2014
Russia’s chief investigative panel has opened a criminal probe into the Oct. 20 accident at Moscow’s Vnukovo International Airport that killed Christophe de Margerie, the CEO of the French multinational oil company Total, saying the field’s management was negligent ...
Gas Deal Eludes Russia and Ukraine, but talks will continue
October 22nd, 2014
The standoff between the two countries, in which Russian gas deliveries have been halted over Ukraine’s unpaid gas bill, has Europe worried about its winter supplies. Russian and Ukrainian officials meeting on Tuesday failed to reach a deal that ...
Russia Rating Cut by Moody’s on Sluggish Economic Growth
October 20th, 2014
Russia’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service, which cited sluggish growth prospects and an erosion of the country’s reserves amid sanctions over Ukraine. Moody’s downgraded the sovereign one level to Baa2 from ...
