Russian oligarchs with ties to President Vladimir Putin are to face sanctions in the US, according to American media reports, in retaliation for Moscow's interference in the 2016 US election. The sanctions could be announced as early as Thursday, two sources told Reuters.
Those affected were not named, and The...
Gazprombank is making plans to perform cryptocurrency deals before the year runs out, the deputy CEO of the bank, Alexander Sobol said, according to Russian media.
According to the top manager, the country’s third-largest bank will attempt to perform cryptocurrency transactions for customers in its Swiss subsidiary. Some high profile private...
The Russian government is preparing a response to the U.S. decision to impose duties on steel and aluminum, Deputy Economic Development Minister Alexei Gruzdev said on Monday, according to TASS.
"Russia is closely following and fully participating in all these processes. We will form our official estimate and make relevant statements....
German Foreign Minister Heiko Maas has said he wants to resume dialogue and gradually improve ties with Russia, RFE/RL reported. His statement follows a wave of diplomatic expulsions over a nerve agent attack on a former Russian spy in England that Britain blames on Russia.
"There is no question of...
Billionaire Ziyavudin Magomedov was arrested by Russian police on Saturday on charges of embezzling more than $35 million, in one of the highest-profile prosecutions of a Russian tycoon in years, Reuters reported.
49-year-old Magomedov, who is one of Russia’s richest men, holds assets in construction and logistics through his sprawling...
The latest diplomatic expulsions have left Russia and the West with little capacity for more such largely symbolic measures, setting the stage for less predictable forms of escalation as the rift between the two sides grows, analysts say.
“There is still room for more battles in this diplomatic war, but...
Two large Irish banks, AIB and Bank of Ireland, may have served to peddle money from one of the most high-profile Russian corruption cases in the past decade, The Irish Times reports.
According to a report submitted to Irish police this week, around $3 million from an elaborate $230 million tax...
China’s yuan-denominated crude oil futures launched today in Shanghai with 15.4 million barrels of crude for delivery in September changing hands over the first-day trading session, The Trumpet reported.
Glencore, Trafigura, and Freepoint Commodities were among the first to buy the new contract. Within minutes of the launch, the price...
The Russian ruble is headed for a three-month gain, despite the political and diplomatic storm culminating with the expulsion of 130 Russian diplomats, Bloomberg reports.
The latest fallout with the West is doing little to dent investor sentiment so far, as it shows in quarterly returns on the Russian currency over...
The Russian Parliament has discussed a new mechanism to bail out insurance companies, Finance Minister Anton Siluanov said on Tuesday, according to Reuters.
“A draft law improving supervision on insurance companies, including a mechanism of their bailout, is being prepared by the State Duma,” Siluanov told a meeting with Prime...
