A U.S. Treasury Department memo obtained by Bloomberg Friday warns that expanding sanctions to new Russian sovereign debt and derivatives could destabilize financial markets and spread beyond Russia.
The document said such sanctions would have “negative spillover effects into global financial markets and businesses.”
The memo is a Treasury response to report sent...
Some 50 modern medium-range passenger aircraft will be supplied by Russia’s state-owned giant Rostec to Russian national airline Aeroflot, it was confirmed.
The order of the MC-21 aircraft is worth more than $5 billion, according to Defense World.
As part of the order, Rostec’s leasing subsidiary Aviacapital-Service will deliver the aircraft...
The head of the Bank of Russia, the country’s central bank has said the ongoing bank cleanup in Russia is more than half complete, Reuters reports.
Governor Elvira Nabiullina has spearheaded a defiant regulatory effort since she took the helm in mid-2013. Under her supervision, Russia has lost around a half...
Russia's largest non-state natural gas producer Novatek will launch a second line at its Yamal LNG plant in September, the RIA news agency cited the company as saying on Wednesday.
Novatek owns a 50.1 percent stake in Yamal LNG. France's Total and China National Petroleum Corp each control 20 percent,...
A Russian steelmaking giant that employs over 1,000 people in Canada has seen its major shareholders named on the so-called “Putin list” published by the United States Treasury Department, The National Post reports.
The list presents a who’s who of 114 Russian politicians and 96 oligarchs said to have directly benefitted...
Russia's gross domestic product grew by 1.5 percent in 2017 after contracting by 0.2 percent in 2016, data from the Federal Statistics Service showed on Thursday, Reuters reported.
Analysts polled by Reuters in late December forecast that the Russian economy would grow 1.7 percent in 2017. President Vladimir Putin said...
Russia on Thursday successfully launched a total of 11 satellites from its Vostochny cosmodrome, in the third rocket lift-off from the new spaceport, the Russian space agency said.
Lifting off as scheduled earlier Thursday, a Soyuz rocket carried two Russian Earth monitoring satellites as its primary payload, along with 4 U.S....
The Trump administration has released its long-awaited list of Russian politicians and business figures late Monday, Associated Press reported.
The list, required by a law passed by Congress last year to punish Russia for meddling in the 2016 U.S. election, is an attempt to increase pressure on Russian President Vladimir Putin....
The new U.S. sanctions reports expected to be released Monday is an attempt to influence Russia’s presidential election in March, the Kremlin said, according to Reuters. Moscow also predicted the move would fail to impact the vote.
The United States reports will detail the possibilities for expanding sanctions against Russia, including a...
