A Russian-born businessman is challenging in federal court his inclusion on a Treasury Department list of oligarchs, saying the agency “effectively republished” the list from an issue of Forbes Magazine, Law.com reports.
In a 33-page complaint filed Monday, Valentin Gapontsev, who runs a company based in Massachusetts that produces fiber lasers, claims that...
The top Democrat on the Senate Foreign Relations Committee on Wednesday urged the Trump administration not to waive or remove sanctions on Russian oligarch Oleg Deripaska and his companies, Rusal and En+, CNN reports.
Senator Bob Menendez wrote a letter to Treasury Secretary Steve Mnuchin, in which he cited unspecified reports...
Russia's service sector grew in November at the second-highest rate since February thanks to a big increase in new business, according to the Markit purchasing managers index (PMI) published on Wednesday.
The headline figure declined to 55.6 in November from 56.9 in October, remaining well above the 50 mark that separates...
Russia has “partially” unblocked Ukraine’s sea ports on the Sea of Azov – allowing Ukrainian ships to pass through the Kerch Strait for the first time since November 25, Ukrainian Infrastructure Minister Volodymyr Omelyan has said, according to CNN.
Russian forces seized three Ukrainian Navy vessels and detained 24 Ukrainian sailors...
Russia regards American sanctions against a Russian Energy Ministry unit as baseless, the country’s energy minister Alexander Novak has said, according to TASS news agency.
The U.S. imposed the measures against Promsyreimport last month, saying the Energy Ministry subsidiary was involved in a “terror financing scheme” together with Iran in Syria.
“We consider...
The total wealth of Russian billionaires has increased in the first 11 months of this year by $2.657 billion, according to the Bloomberg Billionaires Index rating.
The rating includes 500 of the richest people in the world with Russians currently accounting for 24 positions in the list.
In particular, in the reporting...
The Bank of Russia is mulling a new obligation for commercial banks and major companies to tell it in advance about foreign exchange deals that could affect the value of the ruble, Reuters reports citing financial markets sources.
According to the sources, some of whom are involved in writing a new code...
Russia’s state-owned gas giant Gazprom is planning to issue a 10-year Eurobond denominated in Japanese yen and is guiding investors towards a yield of 0.95-1.10 percent, a financial market source told Reuters on Monday.
Gazprombank, J.P. Morgan, Mizuho and SMBC Nikko are arranging the deal, according to the source. The...
The Russia-flagged cargo ship Sevastopol, owned by the U.S.-sanctioned Gudzon shipping company, is on its way to the port of Vladivostok after several months of detention in South Korea, a representative of the company said on Sunday, according to TASS news agency.
"We have addressed the head of the...
Russian steel tycoon and the richest man in the country according to Forbes, Vladimir Lisin, has been elected as president of the International Shooting Sport Federation (ISSF), Novaya Gazeta reports.
62-year-old Lisin is a powerful Russian entrepreneur and chairman of one of the world’s leading steel making companies, NLMK Group....
