Representatives of the regime of Venezuelan President Nicolas Maduro told a group of executives representing tens of companies to open bank accounts in Russia, Turkey, China and India and to begin building relationships with suppliers in those countries, Bloomberg reported citing two people with direct knowledge of the meeting.
According...
A Florida man was arrested this week on charges that he laundered funds related to an $8.5 million business account takeover scheme with ties to Eastern Europe, RIA news agency reported.
51-year old Igor Buzyukov is charged by criminal complaint with one count of money laundering. He is scheduled to...
Only days after the arrest of prominent U.S. investor Michael Calvey in Moscow, Russian President Vladimir Putin called for fewer criminal proceedings against businesses on Wednesday, The Financial Times reported.
“In order to achieve the great tasks our country faces, we need to get rid of everything that limits...
Russia's mining and metals giant Mechel could part with its largest investment project, the Elga deposit, by this year, five sources close to various parties to the potential deal told business newspaper Vedomosti.
According to the report, there are several key contenders for the asset – state-owned tech conglomerate Rostec,...
Danish banking holding Danske Bank said that it will shut down its banking operations in the Baltics and in Russia after Estonia ordered it to close the branch at the center of one of the largest-ever money laundering scandals, Reuters reported.
The Estonian Financial Supervision Authority (FSA) has ordered Danske...
Fresh Western sanctions would deliver “new shocks” to a Russian economy which already lost billions since the country’s 2014 invasion of Ukraine, one of Moscow’s top economic officials admitted Tuesday, according to state-run news agency TASS.
“Unfortunately, any new sanctions will trigger new shocks and require new adjustment efforts," Alexei...
Aleksei Kudrin, the chairman of the Accounts Chamber of the Russian Federation, has called the detention of prominent American investment-fund manager Michael Calvey an "emergency situation," The Moscow Times reports.
A Moscow court has ordered that Calvey, who is accused of large-scale fraud in Russia, be held in detention...
Iran exported $533 million worth of commodities to Russia in 2018, up from $392 million in 2017, an Iranian envoy in Russia has said, according to the Financial Tribune.
The figure registered a growth of 36 percent in Iran's exports to the country’s northern neighbor compared with the preceding year,...
The cost of economic sanctions and other trade restrictions imposed by other countries cost Russia $6.3 billion by late 2018, estimates of the Economic Development Ministry presented on Tuesday reveal, according to Gazeta.ru.
These restrictions include anti-dumping duties, licensing, quotas, technical barriers, sanitary and phytosanitary measures and also economic sanctions.
Measures...
Production of the MC-21 passenger jet, which Russia hoped could revive its civil aviation industry, has been delayed for a year due to U.S. sanctions, the head of the state-owned tech conglomerate Rostec said Monday, according to RBC.
"Due to the fact that the Americans have stopped supplying composite materials,...
