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2 mins read
Russia's second-biggest bank VTB slides toward default, after paying rubles on dollar bonds due to sanctions
VTB said it has been "completely cut off from foreign payment infrastructure in US dollars" as it m…
Harry Robertson
3 mins read
Russian-born businessman Felix Sater has confirmed a bombshell detail in the Russia investigation
Sater and Trump's longtime personal lawyer, Michael Cohen, were pushing for the deal with VTB in Mo…
Sonam Sheth
2 mins read
A top Russian banker says the dollar's dominance is ending but China's yuan is gaining prominence
Kostin's assessment of the dollar's clout and the yuan's rise came amid an intense debate over de-d…
Huileng Tan
3 mins read
Deutsche Bank reportedly scrambled to jettison a $600 million loan it made to a Russian state-owned bank in 2016, amid questions over election meddling
The bank concluded that Trump's campaign rhetoric made him a risky borrower, and public knowledge o…
Jeremy Berke
1 min read
Russian state-owned companies edge closer to debt defaults as sovereign bonds near the brink
Russia's second largest bank made bond payments in rubles instead of dollars and euros while the Kr…
Phil Rosen
1 min read
Russia's top banks have started lending out yuan and transferring China's currency outside the SWIFT system
"I don't think Russia will return to such a situation of the dollar's influence on the domestic eco…
Brian Evans
2 mins read
Russia's largest banks just hiked savings rates as high as 21% to encourage Russians not to withdraw cash
The rate hikes from Sberbank and VTB, reported by state media, come after Russians were pictured fo…
Grace Dean
2 mins read
Putin's rumored girlfriend seen in public for first time since Ukraine invasion began
Vladimir Putin's rumored girlfriend Alina Kabaeva, a former Olympic gymnast, was seen in Moscow for…
Alia Shoaib
2 mins read
A major Russian bank is turning its back on London because of Brexit
Prime Minister Theresa May's government has raised the possibility of a so-called Hard Brexit, whic…
Ben Moshinsky
2 mins read
A new way for Russia to cement its hold on Ukraine: dirt-cheap mortgages
A Russian bank says it is launching a 2% mortgage rate for primary housing in Ukraine's occupied re…
Thibault Spirlet
2 mins read
The FBI is examining why Russia transferred nearly $400,000 to its embassies 'to finance' the 'election campaign of 2016'
It is unclear which "election campaign" the money was for - the US election was in full swing, but …
Natasha Bertrand
1 min read
Customers of banks targeted by Russia sanctions are unable to use Apple Pay or Google Pay
Customers also won't be able to use their cards abroad or make online payments to companies in coun…
Grace Dean
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
1 min read
Russia-China trade payments are facing months of delays as sanction fear creates a banking shortage
Secondary sanctions are discouraging Chinese banks from working with Moscow, placing pressure on on…
Filip De Mott
2 mins read
Russian stocks are increasingly untradeable as more exchanges around the world suspend them amid Ukraine war
From New York to London to Germany, Russian stocks are in limbo as major exchanges have suspended t…
Natasha Dailey
2 mins read
Russian bank boss: sanctions are economic war against Russia
There has even been some buzz that Russia might be blocked from SWIFT (which provides a network tha…
3 mins read
10 things you need to know before European markets open
Samsung insists that its replacement Galaxy Note 7 smartphones are "safe to use" - despite at least…
Will Martin
1 min read
Russia Just Canceled Another Bond Auction Because The Markets Stink
This comes after the recent emerging markets turmoil pushed yields on January 2028 bonds to record …
Mamta Badkar
2 mins read
Russia is returning to the bond market for the first time since 2013
The list reportedly includes Russia's largest state-owned oil company, Rosneft, and its state-owned…
Ben Moshinsky
2 mins read
Rampant inflation means Russians are spending half of their incomes on food this year
Russians now spend more as a portion of their incomes on food than some much poorer countries: Keny…