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Russia and the global economy

New Canadian sanctions ‘unacceptable’ - Moscow
Canada has expanded its sanctions against Russia to include the country’s largest lender Sberbank, and five other companies, as well as five individuals. Russia plans to retaliate against the measures.

17.09.2014 08:34

Finland to continue with Rosatom nuclear project, despite sanctions - Prime Minister
Finland will not drop its plans to construct a nuclear power plant with Russia’s Rosatom. The project “will not shake Finland’s reputation” and “shouldn’t be mixed with politics,” Prime Minister Alexander Strubb told Radio Suomi.

15.09.2014 11:36

Sanctions against Russia could spur $150 oil – Former BP chief
Western sanctions against Russia, coupled with ongoing political instability in Libya and the advance of ISIS militants in Iraq, could leave the global oil supply exposed and push up oil prices to $150 per barrel, former BP chief Tony Hayward has warned.

15.09.2014 08:06

US extends Russia sanctions, targets biggest lender Sberbank & gas giant Gazprom
The US has introduced new sanctions against Russia’s biggest lenders – Sberbank, Gazprombank and Rosselkhozbank – and added some of the country’s state-owned technology firms and five energy companies, the Treasury said on Friday.

12.09.2014 14:03

Finance, energy & defense sectors: EU and US set to impose new Russia sanctions
Barack Obama says he is joining the EU initiative to impose a new round of sanctions on Russia. Both Washington and Brussels say the sanctions will target finance, energy and defense sectors – yet can be revoked if the situation in Ukraine improves.

11.09.2014 13:14

Ukraine’s President signs law allowing sanctions against Russia
Ukrainian President Petro Poroshenko has signed a law allowing future sanctions against Russia, which could include a ban on the transit of Russian gas, and sanctions against Russian banks, according to the website of the upper parliament.

10.09.2014 07:36

Rosneft may get $40bn ‘get out of debt free’ check from Kremlin
Russian Prime Minister Dmitry Medvedev has said the state-owned oil giant Rosneft could receive more than $40 billion in financial aid from the Russian government.

08.09.2014 09:43

​European businesses call for no more sanctions
The Association of European Businesses has urged the governments of the European Union and Russia to protect foreign investors from any “further retaliatory measures.”

04.09.2014 14:29

Russia gains 11 points in Global Competitiveness Report 2014
Russia has jumped to a 53rd position on the Global Competitiveness Report in 2014, gaining 11 points and being named among three states which recorded higher values in all areas since 2010. This is the country’s biggest leap ever.

03.09.2014 08:17

China energy deals ‘launch pad’ for Russia’s gas diversification - Moody’s
​Moscow’s 15-month marathon of energy deals with China will boost the credit of Russian oil and gas companies and reduce Russia’s reliance on European energy markets, Moody’s Ratings Agency said in a note.

02.09.2014 11:23

EU prepares emergency ‘Plan B’ blueprint in case Russia halts gas - report
The European Union may ban the ‘re-selling’ of gas and limit industrial use as part of a contingency plan to create a stockpile for next winter, in case Russian gas stops flowing through Ukraine, according to a European Commission source.

02.09.2014 07:33

Targeting Russia, hitting own businesses and people - State Duma Speaker on EU sanctions
Russian Parliament speaker Sergey Naryshkin has accused the US of influencing the EU into imposing sanctions on his country without knowing “the actual reasons behind the situation in Ukraine” and says Europe “will have to pay the price for this policy.”

31.08.2014 10:24

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