Ukraine’s Naftogaz is preparing a formal enforcement procedure in Europe and a new lawsuit against Gazprom to recover damages caused by its non-compliance with arbitration awards, the company’s CEO has said.
Naftogaz Chief Commercial Officer Yuriy Vitrenko said this at a meeting with EU Commissioner for Competition Margrethe Vestager in...
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 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...
The Nord Stream 2 gas pipeline from Russia to Germany cannot go ahead without clarity on Ukraine’s role as a gas transit route, German Chancellor Angela Merkel said on Tuesday, in an apparent hardening of her stance towards the project.
“I made very clear that a Nord Stream 2 project...
Intense selling of the ruble continued on Tuesday in a row amid pressure from the U.S. sanctions and mounting geopolitical risks that are rocking Russia's financial markets. Bloomberg reported.
Russia’s currency plunged to the weakest level in 15 months and the government canceled a bond auction Tuesday following the toughest...
Russian authorities are discussing a project of creating two territories with special conditions and similar to offshores - on the Oktyabrsky Island in Kaliningrad and on the Far East’s Russky Island, as a way of helping oligarchs hit by U.S. sanctions, federal officials and an individual who took part...
Russian Deputy Prime Minister Arkady Dvorkovich said on Tuesday that the losses of Russian companies and banks’ share value as well as the ruble rate due to new U.S. sanctions was predictable.
Speaking at a business forum in Moscow, Dvorkovich said the latest sanctions have created uncertainty for all investors,...
The ruble and Russian stock indexes fell, with companies included on the U.S. sanctions list -- such as tycoon Oleg Deripaska's aluminum giant Rusal -- taking substantial hits on Monday, Reuters reported.
On Friday, the United States imposed asset freezes and financial restrictions on a slew of Russian security officials,...
The shares of Rusal, the world’s biggest aluminum producer outside China, plunged 50 percent in the Hong Kongstock exchange following U.S. imposed sanctions on the firm and its billionaire owner Oleg Deripaska, Bloomberg reports. The development could have a devastating effect on the global aluminium market.
The company is...
