Thursday, January 23, 2020
Uzbek-born Russian oligarch Alisher Usmanov is considering a sale of his 30% stake in English football club Arsenal, Reuters reported on Tuesday, citing the Financial Times. In May last year, Usmanov, who is the club's second-largest shareholder, made a $1.3 billion offer to buy out his rival, majority shareholder Stan...
“Putin’s chef” charged with organizing “troll factory” to interfere in U.S. elections A company called the Internet Research Agency (IRA) was charged by Special counsel Robert Mueller's office with violating U.S. law and interfering in the 2016 election, along with 13 Russian nationals. As Deputy Attorney General Rod Rosenstein said while...
The Russian rouble lost value on Tuesday after reaching three-week highs the day before as oil prices fell further, dragging the Russian currency down, Reuters reports. At 0752 GMT, the rouble was down 0.1 percent against the dollar at 65.60 and had lost 0.12 percent to trade at 75.18 versus the...
Danish banking holding Danske Bank said that it will shut down its banking operations in the Baltics and in Russia after Estonia ordered it to close the branch at the center of one of the largest-ever money laundering scandals, Reuters reported. The Estonian Financial Supervision Authority (FSA) has ordered Danske...
Switzerland’s largest Bank Credit Suisse because of the sanctions the United States froze about $5 billion associated with Russia, Reuters reports. “Credit Suisse works with international regulators wherever it does business to ensure compliance with sanctions, including compliance with sanctions involving Russia,” a spokeswoman for the bank said, without identifying the...
The head of the Russian Government, Dmitry Medvedev, has admitted in a speech at the State Duma that the life of most Russians is far from ideal and is very difficult for many of them, "some even merely surviving," Novaya Gazeta reports. “Today almost 19 million people face poverty in...
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...
Italian Prime Minister Giuseppe Conte is urging an end to European Union sanctions on Russia and said he is committed to boosting trade with Moscow, despite the measures, La Repubblica reports. On his first trip to Moscow since taking office in June, Conte on Wednesday hailed Russia as an essential...
British retailer Kingfisher DIY, which owns the Castorama network of hypermarkets in Russia, has announced that it is leaving the country, as well as markets in Spain and Portugal, The Guardian reports. "This will allow us to apply our strategy with more focus and efficiency in our main markets," Chief...
Russian banking group VTB, together with a group of investors, has bought 100% of the shares of International Restaurant Brands LLC, which is the largest partner of Yum! Brands Russia & CIS, developing the KFC brand in Russia, Rambler reports. In addition to VTB, the consortium includes investment group Marathon Group,...