Glencore and Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminum after the U.S. Treasury allowed an extension of the deadline for companies to divest from the Russian firm under U.S. sanctions, sources told Reuters.
There was no other detail about the request, but...
Russian lawmakers havealmost entirely stripped a bill proposing counter-sanctions against the United States of provisions related to specific goods and services, including U.S. pharmaceutical and agricultural products, alcohol and tobacco. They also removed a proposal to restrict the employment of U.S. citizens in Russia, Interfax news agency reported.
The move...
Unexpectedly high oil prices have filled up Russia’s state coffers and opened a possibility of the country running a budget surplus in 2018, for the first time in seven years, Investing.com reported citing a draft budget law.
The finance ministry's draft shows Russia could post a budget surplus of 0.45...
U.S. sanctions will cause extended damage to the business of Russia’s top aluminum producer Rusal, sending its shares down more than 7 percent despite the company reporting a 20 percent jump in first-quarter core profit, the company warned on Friday.
According to Reuters, Rusal said even though longer-term effects of...
The Crimean Bridge, a controversial project connecting the Kerch Peninsula of annexed Crimea and Russia’s Krasnodar region will be opened on May 15 or a day later, as the exact date depends on the schedule of Russian President Vladimir Putin, who will attend the opening ceremony, Gazeta.ru reported.
The 12-mile...
Qatar wanted higher returns on its existing stake in Russia’s state-owned oil company Rosneft before it bought more, sources familiar with the negotiations held in the past few months told Reuters.
The request from the Qatari delegation was one of the triggers which prompted Igor Sechin, the head of Rosneft...
The Permanent Court of Arbitration (PCA) in The Hague, the Netherlands, has ruled that the Russian Federation must compensate some Ukrainian companies about US$159 million in losses caused by the annexation of Crimea, Interfax Ukraine reported.
“On 2 May 2018, having deliberated, the Tribunal issued its unanimous Award on the...
On May 9, the United States imposed sanctions against Russian entities and companies that, according to Washington, violated U.S. legislation on non-proliferation of weapons of mass destruction.
According to a notice from the State Department’s Federal Register, the list includes 28 structures from Iran, Syria, Russia, Saudi Arabia, Turkey and North Korea....
Russia's first boutique for buying crypto mining hardware, mainly ASCI miners from Chinese crypto mining giant Bitmain, has opened in Russia's second-largest city and its culture capital, Saint Petersburg, Bitcoinist reported.
The Crypto Universe company, which is a member of the Russian Association of Cryptocurrency and Blockchain (RACIB), sells ASCI hardware...
A report that Russia’s current Finance Minister Anton Siluanov is to become Russia’s First Deputy Prime Minister while “maintaining his opportunities within the Finance Ministry” can mean the Kremlin will opt for a policy for austerity this term, an expert told Eurasia Daily.
Mikhail Neyzhmakov, senior analyst at the Agency for...
