Monday, 21.01.2019
U.S.-sanctioned Russian tycoon Oleg Deripaska will participate in the World Economic Forum in Davos, Switzerland, as the chairman of the Volnoye Delo foundation, the forum’s official program published on Tuesday reveals, according to Regnum.ru. However, Deripaska’s participation in panel discussions and sessions has not yet been announced, the news outlet...
U.S. Senate Democratic Leader Chuck Schumer said Saturday he will force a vote soon on a resolution to disapprove the Trump administration’s decision to ease sanctions on three Russian companies connected to oligarch Oleg Deripaska, The Hill reports. “I have concluded that the Treasury Department’s proposal is flawed and...
Companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline they could face sanctions if they stick to the project, the U.S. ambassador to Germany has warned said on Sunday, according to Reuters. U.S. Ambassador Richard Grenell addressed the issue in a letter sent to several...
Germany’s Foreign Minister Heiko Maas said on Friday his government will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Reuters reports. Speaking on Friday at a new year reception of the industry group German Committee on East European...
Russia’s two biggest lenders Sberbank and VTB Bank may use UTair airline as the basis for their future joint interregional air carrier, Vedomosti reported on Wednesday citing sources. The banks may acquire UTair by converting its large debt to Sberbank into shares, according to the business daily newspaper. Two...
The chairman of the German Committee on Eastern European Economic Relations said on Friday that the damage caused by European and U.S. Russia sanctions was in the order of 100 billion euros ($115.25 billion), Reuters reported. Wolfgang Buechele also said that Washington’s potential sanctioning of Russian gas projects would...
The Bank of Russia’s resumption of foreign exchange purchases has already been priced in by the market so these operations should not change the market’s balance, the head of the central bank’s monetary policy department Alexei Zabotkin has said, according to Rossiyskaya Gazeta. The top central bank said in an...
Three Russian companies have cut ties to a sanctioned oligarch and will no longer be under U.S. sanctions themselves, Treasury Secretary Steven Mnuchin said Thursday, according to The New York Times. Mnuchin appeared before the House of Representatives, where a number of Democrats have tried to get the Trump...
Russia is planning to introduce an electronic visa regime by 2021 in a bid to boost tourism, RBC reports. Five regions in Russia’s Far East currently offer free week-long e-visas for business and tourist travelers. President Vladimir Putin has tasked the government to increase tourism revenue to $15.5 billion by...
The World Bank has lowered its forecast for the growth of the Russian economy this year to 1.5 percent instead of the previously predicted 1.8 percent, The Moscow Times reports. “In Russia, growth has been resilient, supported by private consumption and exports,” the World Bank writes in its semi-annual...