Broad economic measures by Washington against Russia are not in the interests of the United States itself, so American sanctions against Moscow will remain targeted, the President of the American Chamber of Commerce (AmCham) in Russia Alexis Rodzianko said on Wednesday, according to Sputnik.
The remarks were made at a conference named...
The Russian currency hit its strongest level since August against the euro and a two-week high against the dollar on Wednesday, supported by higher oil prices and foreign demand for the country’s treasury bonds, Reuters reported.
The ruble was stable against the dollar at 0720 GMT (65.59) after touching its strongest...
Some $750 billion in Russian assets were moved offshore over the last 25 years -- money that could have been put to better use in Russia’s economy, which has suffered from underinvestment, calculations by Bloomberg Economics reveal.
The process appears to have slowed, although it is unclear if this...
ERGO Group AG - owned by German reinsurer Munich Re and made up of ERGO Deutschland, ERGO International, and ERGO Digital Ventures – has sold four ERGO International subsidiaries to Bulgaria-based Euroins Insurance Group (EIG) for an undisclosed amount.
Last month, the company said it plans to sell its Russian...
The rise of the Russian ruble after long stagnation could make the emerging Baltic markets a more attractive proposition in the midst of the dollar’s downswing, investment strategist Mike Harris says, according to the Baltic Times.
Analyzing the recent Federal Reserve hiatus, Harris urged traders to capitalize on the...
The Commercial Court of Russia’s Sakha Republic has scheduled a hearing of two bankruptcy applications against Yatec, or the Yakut Fuel and Energy Company, a subsidiary of Summa Group, for April 17, according to court records.
The claims have been filed by the Russian Agricultural Bank and businessman Pavel Zalin.
In...
Russian state-owned bank VTB’s stake in Evrofinance Mosnarbank, a bank hit with U.S. sanctions this week over its dealings with Venezuela, will be handed over to the Russian state property agency, and the procedure has already begun, two sources familiar with the deal told Reuters.
The main shareholder of Evrofinance...
The American Chamber of Commerce (AmCham), a business group representing the interests of U.S. businesses operating in the country, is planning a bilateral business dialogue event together with the Russian Union of Industrialists and Entrepreneurs (RSPP) and the Roscongress Foundation, set to take place at this year’s St. Petersburg International Economic Forum...
Austrian businessmen are not leaving the Russian market and mutual investments keep growing despite Western sanctions, Russian Foreign Minister Sergey Lavrov said on Tuesday after a meeting with his Austrian counterpart, TASS reported.
Austria's foreign minister Karin Kneissl, who caused controversy last year by inviting Vladimir Putin to her wedding, said in...
U.S. statements that Rosneft had violated Washington’s sanctions with its Venezuela activities were "groundless accusations,” the Russian company, which is the country’s top oil producer, said on Tuesday, according to Reuters.
U.S. Secretary of State Mike Pompeo said on Monday that Rosneft was defying U.S. sanctions by buying oil from Venezuelan...
