The capitalization of Rosneft on the Moscow Stock Exchange rose by 2.04% to 4.534 billion rubles ($68.46 billion) this week, with the Russian oil giant surpassing Sberbank as the most valuable Russian company by capitalization, Lenta.ru reported.
Sberbank’s worth fell to 4.532 trillion rubles, taking into account preferred shares. The...
The risk of U.S. sanctions has driven investors away from shares of Russian lender Sberbank, while the company’s shares are still at an unreasonably low price, Seeking Alpha writes.
The situation could benefit investors willing to take on the risk of sanctions, as the Sberbank share is still 22% down...
Russian media published the full text of a U.S. bill seeking “crushing sanctions” for election meddling, sending the ruble to its weakest level since fall 2016 and plunging Russian stocks and bonds, Finanz.ru reports.
The Russian currency slipped 2 percent to 64.7425 per dollar on Wednesday, breaking out of a range it’s...
The Western Balkans may become Russia’s “alternative location for foreign direct investments,” according to a report by the Vienna Institute for International Economic Studies (WIIW).
According to the WIIW’s monthly report cited by Indikator.ba, the reasons for this are the underutilized labor force and improved infrastructure.
The report on regional business also...
Russia's Audit Chamber, recently headed by heavyweight policymaker Alexei Kudrin, is demanding a broader mandate to fight corruption, to position itself as a know-how centre and the go-to anti-corruption institution in the country, Kudrin has said, according to Rossiyskaya Gazeta.
Analysts were disappointed when Kudrin accepted the job as head...
A number of investments from western countries in Russia are on hold, but the situation is more than made up for by new investors from Asia, an annual survey by multinational professional services firm EY reveals.
According to the survey, foreign investors put up capital for 238 projects in 2017...
The United States Department of State could impose sanctions against Russian businessman and AFK Sistema key beneficiary Vladimir Yevtushenkov under the Countering America's Adversaries Through Sanctions Act (CAATSA), Republican Congresswoman Ileana Ros-Lehtinen wrote on her Twitter account.
Ros-Leitinen together with Senator Mark Walker sent an appeal to the heads of...
The fact that Russia has recently won two disputes before the World Trade Organization opens up new opportunities for Moscow, as the country enters its seventh year as a member of the WTO, says Yekaterina Mayorova, Deputy Director of the Trade Negotiations Department at the Russian Economic Development Ministry.
Russia’s...
Russia's economy is able to withstand even the unlikely scenario of the U.S. expanding its economic sanctions on the country’s sovereign debt, Bloomberg reported on Monday citing the Senior Vice President of International credit rating agency Moody’s, Kristin Lindow.
Lindow said that the Russian government’s measures to reduce investment in U.S. treasuries...
A provision in a new American draft law adding sanctions on Russia could hit some of the country’s largest banks, potentially doing more damage than a clause calling for a ban on purchases of sovereign debt that has worried investors, London-based multinational investment bank Barclays has said, according to Bloomberg.
“The...
