UK-based oilfield technology firm Plexus Holdings has revealed a deal with Russia-focused partner Gusar which is expected to inject new impetus to the roll-out of the POS-GRIP jack-up rig systems, Energy Voice reports.
Plexus will buy-back 4.95 million of its shares currently held by Gusar for $3.2 million in...
Russian billionaire Viktor Vekselberg, who years ago was welcomed with open arms by U.S. companies, universities, and even the government, has seen his ties with American institutions and companies disappear after he was sanctioned by the U.S. last year, RFE/RL writes.
At the time Vekselberg built his American connections,...
Hopes for renewed business ties with Russia among major European corporate groups have damped as fears over potential new U.S. sanctions against Moscow and a flare-up in tensions in eastern Ukraine remain, The Financial Times writes.
The head of Russia's largest foreign business association says a naval clash between...
U.S. Senate Democratic Leader Chuck Schumer said Saturday he will force a vote soon on a resolution to disapprove the Trump administration’s decision to ease sanctions on three Russian companies connected to oligarch Oleg Deripaska, The Hill reports.
“I have concluded that the Treasury Department’s proposal is flawed and...
Companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline they could face sanctions if they stick to the project, the U.S. ambassador to Germany has warned said on Sunday, according to Reuters.
U.S. Ambassador Richard Grenell addressed the issue in a letter sent to several...
A court in Blagoveshchensk, a city in Russia’s Far East, has ordered detention for Anton Novikov, CEO of LEO TELECOM company, a contractor of Vostochny Cosmodrome, as part of a 26-million-ruble embezzlement case (about $400,000), Novaya Gazeta reported.
According to the Blagoveshchensk City Court’s press service, Novikov misappropriated nearly $400,000...
Russian-American billionaire Valentin Gapontsev is suing the U.S. Department of the Treasury for listing him as a Russian oligarch, The Worcester Business Journal reports.
Gapontsev is the founder and chief executive of Massachusetts-based IPG Photonics, a company which manufactures fiber lasers. The Treasury designation could eventually freeze the billionaire's assets...
Germany’s Foreign Minister Heiko Maas said on Friday his government will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Reuters reports.
Speaking on Friday at a new year reception of the industry group German Committee on East European...
Russia’s two biggest lenders Sberbank and VTB Bank may use UTair airline as the basis for their future joint interregional air carrier, Vedomosti reported on Wednesday citing sources.
The banks may acquire UTair by converting its large debt to Sberbank into shares, according to the business daily newspaper. Two...
The chairman of the German Committee on Eastern European Economic Relations said on Friday that the damage caused by European and U.S. Russia sanctions was in the order of 100 billion euros ($115.25 billion), Reuters reported.
Wolfgang Buechele also said that Washington’s potential sanctioning of Russian gas projects would...
