Thursday, October 17, 2019
An influential U.S. think-tank is being criticized for accepting $12 million from Len Blavatnik, a Soviet-born oligarch whose business associates were sanctioned by the United States, investigative journalism website Bellingcat writes. According to the report, the Council on Foreign Relations (CFR) announced last month that it had received a substantial...
The new crisis which erupted after Turkey launched a military campaign in northern Syria has further strained relations between Ankara, the United States and its NATO allies, Russian analysts told Kommersant, adding that the developments is “pushing Erdogan closer to Russia”. Demanding that Ankara stops the operation, the Trump administration...
Pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories, the price of oil slipped further below $59 a barrel on Wednesday, Reuters reported.  Signs from the Organization of the Petroleum Exporting Countries (OPEC) that further curbs...
The International Monetary Fund (IMF) on Tuesday issued a downbeat assessment of the global economy in its half-yearly World Economic Outlook, saying conditions could darken considerably if trade tensions remain unresolved, CNBC reports. “After slowing sharply in the last three quarters of 2018, the pace of global economic...
A new Russian Finance Ministry regulation has separated Russian businesses and entrepreneurs targeted by foreign sanctions into their own legal category, RBC reports. According to a copy of the proposal published on the Russian government’s regulations website, this would allow “special legislation” in areas like currency control and confidentiality to be...
Russia’s Finance Minister Anton Siluanov said earlier this week that the country’s economic growth is being held back by lack of investment caused by businesses not trusting the government, Forbes reported. Investment rose by 1% y/y in 2Q19, after a 2.6% y/y contraction in 1Q19, but the overall investment level...
The Moscow Exchange plans to raise its dividend payout floor to 60% of net profit and channel all of its free cash flow into dividends, Reuters reported citing the exchange’s new dividend policy announced on Tuesday. The bourse's free cash flow, seen as a measure of profitability in financial analysis,...
The value of non-oil trade between the UAE and Russia has reached $14.1 billion in the past five years, with the figure standing at $3.4 billion in 2018 – a 36% year-on-year (YoY) growth compared to a year earlier, WAM reported. Abdullah Al Saleh, undersecretary at the UAE's Ministry of...
Russia is continuing efforts to ditch the U.S. dollar from its energy export deals, the country’s economic development minister Maxim Oreshkin said in an interview with the Financial Times on Sunday. “We have a very good currency, it’s stable. Why not use it for global transactions?” Oreshkin said. “We want (oil...
Russia has moved four places up to 14th position in the latest Nation Brands 2019 ranking by UK-based business valuation consultancy Brand Finance, bne Intellinews reports. According to the ranking, Russia’s brands grew a solid 16% growth in value to $960 billion this year, the report said. Developing economies have...