The market carnage caused by Russia’s Black Monday sent the ruble into its deepest plunge in years, caused by investors’ psychological response to risks from U.S. sanctions, but no further downturn is expected if there are no geopolitical factors, experts questioned by RBC said.
Russia’s federal budget and exporters will benefit...
Russia is ready to welcome new diplomats in exchange for those expelled in retaliation for the Western diplomatic demarche in the wake of the poisoning episode of former Russian military intelligence (GRU) Colonel-turned-British spy Sergei Skripal and his daughter Yulia in Salisbury, UK.
According to a high-ranking diplomatic source, Moscow...
U.S. President Donald Trump on Wednesday said the U.S. could aid Russia’s economy and sought an end to what he called an “arms race,” lamenting that relations with Moscow had reached an all-time low.
Earlier on Wednesday, in a tweet, Trump said the U.S.-Russia relationship is “worse now than it...
This week’s sharp ruble devaluation may prop up Russian grain exports, which started declining by the end of the season, Kommersant business daily writes.
"The devaluation factor will influence the market for several weeks. Even if the ruble manages to recover losses soon, the short-term jump in the foreign currency rate...
Russia is again fuming and threatening harsh retaliation over U.S. sanctions that, in the short term, are turning out to be far more potent and damaging to the Russian economy than the ones imposed in 2014, Reuters reported.
The measures, announced on April 6, hit seven of Russia's wealthiest businessmen,...
The Russian ruble lost more than 2% of its value in early trading Wednesday as the currency continues its worst week since 1999, Bloomberg reported. The ruble’s slide, for the third day in a row, came after U.S. sanctions against companies and businessmen rocked Russian markets.
At 0705 GMT, the ruble...
The latest U.S. sanctions imposed on some Russian companies resembled a large-scale trade war, Russian billionaire Vladimir Potanin, co-owner of nickel giant Norilsk Nickel said on Tuesday, according to Reuters.
In an interview with Rossiya 24 TV, Potanin did not rule out a further escalation in the sanctions but said metals...
British banks have to cut ties with Russian oligarchs and companies on a new American sanctions list or otherwise face “consequences,” a senior U.S. Treasury official has said, according to The New York Times.
“We’re focused on countering the full range of Russian malign activity,” Sigal Mandelker, the Treasury’s under-secretary...
Rusal's dollar bonds slumped to record lows and a prominent board member resigned on Tuesday in the latest aftershocks from the Russian aluminum giant's inclusion last week on a new U.S. sanctions list, The Globe and Mail reported.
On Tuesday Rusal’s dollar bonds maturing in 2023 fell 17.3 cents to...
Companies owned by Russian billionaires recently sanctioned by the U.S. suffered losses exceeding $15 billion, CrimeRussia reported citing RIA news agency.
The figures presented were according to the Bloomberg Billionaire Index (BBI), a rating which includes the world's 500 richest people and is updated daily following the results of the exchange...
