California lawmaker Jackie Speier, a member of the House Intelligence Committee, sent a letter to U.S. Treasury Secretary Steven Mnuchin last week seeking information about a deal he reportedly struck in 2017 with Ukrainian billionaire Leonid Blavatnik, an associate of sanctioned Russian oligarch Oleg Deripaska, Buzzfeed News reports.
Writing that...
After Russian steel pipemakers filed a complaint to the government in late December, the country’s economy ministry will evaluate the possibility of a temporary ban on ferrous scrap exports, Metal Bulletin reported.
The Russian Foundation for the Development of Tube Industry (FRTP), which unites the country's largest pipemakers including TMK,...
A Commercial Court in Russia’s Republic of Tatarstan has extended bankruptcy proceedings against VIM Airlines for six months, the Russian legal information agency RAPSI reported.
The republican commercial court has scheduled hearing of a bankruptcy receiver’s report on the results of the bankruptcy procedure for July 19.
The court declared VIM Airlines...
Russia’s second-biggest bank, VTB, recently announced that it has patented technology for blockchain payments, CoinDuck reported.
Through this technology, the state-owned lender will develop digital products, services, and payment instruments to account for financial settlements between an almost unlimited number of system participants.
Services include fast payment systems, cross-border...
The Russian communications watchdog, Roskomnadzor, is checking whether American consumer goods group Procter & Gamble and global fast-food chain Burger King are complying with local data laws, a spokesman for the watchdog said on Monday, according to Interfax.
For the past five years, Russia has been toughening its internet laws,...
The London Metal Exchange (LME) has reversed a ban on trading and deals for Rusal-branded metal after the United States lifted sanctions on the Russian aluminum giant, the LME said in a statement Monday, according to Vedomosti.
"Following OFAC’s lifting of the Sanctions against Rusal, the LME has...
2018 was the worst year in terms of foreign retail companies arrivals and departures from Russia in the past five years, Kommersant reports.
According to analysts, retail networks are reluctant to open big stores, preferring to develop small shops. This strategy is supposed to help keep customers in light...
Gazprombank, Russia’s third-biggest bank, said on Friday it would receive $1.36 billion by from one of the companies controlled by gas giant Gazprom, which holds a 46 percent stake in the bank, Reuters reported.
“We confirm plans to receive 90 billion roubles as additional capital in the form of...
President Donald Trump's administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push in the U.S. Congress to maintain the restrictions, RFE/RL reports.
The sanctions prevented Americans and entities with U.S. divisions — such as many global banks...
