Monday, August 19, 2019
“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...
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...
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,...
Some European investors will be grateful if the sanctioning of Russian debt is part of the next set of Washington’s sanctions against Moscow. According to Jan Dehn, the head of research at Ashmore Group, which manages $65 billion of emerging-market assets, “It would mean forced selling by Americans, a wonderful...
American multinational investment bank Morgan Stanley is closing its equities and currency sales and trading desks in Moscow, joining other banks like Deutsche Bank and Credit Suisse in cutting back on its presence in Russia, Bloomberg reports citing people familiar with the matter. The U.S. bank has about 40 employees on the...
Microsoft has told its partner companies in Russia that it will raise the prices of its products in the country starting January 1, as a new, higher VAT tax rate will be calculated in the new year, Kommersant reported. The increase is related to the rise of VAT from...
Representatives of the regime of Venezuelan President Nicolas Maduro told a group of executives representing tens of companies to open bank accounts in Russia, Turkey, China and India and to begin building relationships with suppliers in those countries, Bloomberg reported citing two people with direct knowledge of the meeting. According...
The world’s five major emerging national economies BRICS (Brazil, Russia, India, China, and South Africa) are working on a single payment system, which will be called BRICS Pay, and would be used to pay for any purchase in any country of the group, Finanz.ru reports. According to the press...