The ruble swung between gains and losses as investors braced for the announcement of new U.S. sanctions aimed at punishing the Kremlin for its backing of Syrian leader Bashar al-Assad, Reuters reported.
Volatility on the Russian market has soared since Washington imposed fresh sanctions against Moscow on April 6, targeting major...
German business’ response to latest United States sanctions against Russia was surprisingly muted last week, with isolated criticism and warnings of heavy losses to German companies mainly coming from trade lobbies, The Luxembourg Times reports.
Although sympathy for Moscow has rarely been in shorter supply among German politicians, the complaints from businessmen...
Russian aluminum giant Rusal, controlled by sanctioned Russian tycoon Oleg Deripaska, could launch a legal appeal in the United Kingdom to reduce the impact of sanctions imposed by the United States, The Times reports.
Last week, the London Metal Exchange (LME), suspended Rusal from delivering aluminum to its warehouses. Sources close...
A broad range of potential retaliatory moves by Russia against latest U.S. sanctions will include curbs on imports of American farm products and restricted cooperation in nuclear energy and rocket engines, The Financial Times reported.
A list of proposals which entered Parliament late last week also includes a potential ban on...
U.S. President Donald Trump’s tariffs on steel and aluminum imports are raising costs for equipment and infrastructure throughout U.S. farm country.
In rural Ilinois, where Trump has enjoyed strong support, the tariffs are causing some farmers and agricultural firms to scrap purchases and expansion plans, according to Reuters’ interviews with...
Last Monday showed big losses for Russia’s oligarchs targeted by U.S. sanctions, but they might have already started recovering by Friday, OCCRP reports.
According to Bloomberg’s Billionaire Index, Oleg Deripaska lost over $ 1.1 billion between Sunday and Tuesday. Between Wednesday and Thursday, however, his fortune rose again with one-third...
The United States, The United Kingdom, and France launched strikes on Syria targeting president Bashar al-Assad’s chemical weapons facilities on Friday, further escalating a conflict with Russia to an intensity unseen since the Cold War.
Pro-Kremlin politicians blamed the United States and its allies for the rising tensions and said that...
Concern over military and economic tensions between the United States and Russia were brushed aside by investors, who pumped as much as $7 billion into equities over the past week, Bank of America Merrill Lynch strategists said on Friday.
According to Reuters, this included $2.8 billion of inflows into emerging...
Russia’s proposed law on cryptocurrencies has gotten support from the Russian government, one of the authors of the bill, Anatoly Aksakov told Izvestya.
The Bill On Digital Financial Assets was presented before lawmakers by Aksakov, who is the head of the Russian Parliament’s Financial Market Committee, last month. According to...
A law proposing restrictions or bans on U.S. audit companies, consultancies and law firms, has been put into procedure in the Russian Duma, the lower house of parliament on Friday.
Lawmakers said earlier they had drafted legislation in response to new U.S. sanctions that proposes banning imports of a raft...
