The latest sanctions imposed by the United States on Russia had the effect the Trump administration wanted, Treasury Secretary Steven Mnuchin said, according to Bloomberg.
The sanctions on Russian oligarchs sent the ruble tumbling and roiled metals markets since their announcement on April 6. Mnuchin said that the sanctions against...
The Russian ruble weakened slightly on Thursday as the government resumed its buying of a foreign currency for the state reserves but supported by higher prices for oil, Russia's main export. At 0805 GMT, the ruble was 0.09 percent weaker against the dollar at 60.91 and had lost 0.21...
A Russian venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations and its millions of internet-connected consumers, Venture Beat reported.
The fund...
Russia's strong public and external finances would shield its economy from the impact of the latest U.S. sanctions, Rating agency Moody's Investors Service said on Wednesday, according to Reuters.
However, the sanctions will negatively impact some Russian debt issuers, especially Russian aluminum giant Rusal, Moody's said in a report.
The Russian...
The United States will impose new sanctions against Russia “as soon as they very much deserve it,” President Donald Trump said Wednesday, adding that nobody has been tougher on Russia than him.
According to AP, Trump, who commented a day after an internal White House quarrel over the timing of...
FIFA is facing a challenge in finding sponsors for the 2018 World Cup in Russia, despite the event being two months away. This is due to the fact that fewer companies have signed sponsorship deals, compared to the same period before the 2014 World Cup held in Brazil, CNBC reported.
While...
The United States says Russia agreed to extend overflight approvals for U.S. airlines, hours before a deal on the overflights was set to expire, Reuters reported.
The U.S. State Department said on April 17 that Russia granted the extension for three routes until October 28, though it did not indicate the...
The overall impact of a sell-off in Russian markets triggered by the latest round of U.S. sanctions is expected to be limited for now, but the hit suffered by Russian assets may drive up inflation and cap an economic recovery this year, analysts say.
Financial services company Citi said after...
German executives say American sanctions against Russia could threaten long-standing joint ventures and cost German companies hundreds of millions of dollars, The Wall Street Journal reported.
During a visit to Washington this week, Germany’s finance minister will push for special treatment and Chancellor Angela Merkel is planning to raise the...
Russia will search for adequate measures in the wake of the U.S. decision to impose 10% duties on aluminum imports and 25% duties on steel imports, Russian Industry and Trade Minister Denis Manturov said in an interview with Izvestya.
"We do not have such a big trade turnover with the U.S....
