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Russia and the global economy

US lifts sanctions on Turkish arm of Russia’s biggest lender
The US Treasury Department has taken a bank off its “naughty” list, Turkey’s DenizBank, a subsidiary of Sberbank. Russia’s largest bank was placed under sanctions in September, and now DenizBank is no longer blocked from American capital markets.

07.10.2014 07:04

​Ukraine may have found a gas savior in Norway, Moscow skeptical
Naftogaz, Ukraine’s biggest natural gas company, has signed a deal with Norway’s Statoil and started receiving shipments, arriving just in time to possibly save Kiev from an energy crisis before winter. Experts in Moscow doubt the legality.

06.10.2014 06:55

Gazprom accuses Poland, Hungary, Slovakia of rerouting Russian gas to Ukraine
Poland, Hungary, and Slovakia have together re-exported 1.7 billion cubic meters of Russian gas to Ukraine, Gazprom, Russia’s biggest gas exporter said Friday, questioning the legality of the practice.

03.10.2014 07:36

Europe still a key partner for Russia, but China a priority – Putin
Trade with Russia’s largest partner Europe will continue, but cooperation with Asian countries, especially China, are a priority for the Kremlin.

02.10.2014 13:08

Putin rejects US ‘easy money’ stimulus in Russia, says reforms needed
Russia must be careful with any monetary stimulus, and can’t be injecting billions into the economy to make it grow, as the US has been doing, President said at VTB’s Russia Calling! investment forum.

02.10.2014 10:58

Putin says no capital controls in Russia, as currency hits record lows
President Putin said Russia isn’t planning on controlling foreign currency flows, putting to rest rumors that the weakening ruble would force the Central Bank to limit the free movement of currency across its borders.

02.10.2014 10:06

Russia could ditch US dollar in 2-3 years – head of Russia's #2 bank
​Two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said.

30.09.2014 10:27

Kiev’s claims over legality of $3bn bailout ‘baseless’ – VTB
VTB, Russia's second-largest bank, has responded to Ukraine’s doubt as to the legality of the bank’s role in a $3 billion bond purchase last December to help Kiev’s ailing economy. Such claims are "baseless" the bank said in a statement on Friday.

26.09.2014 12:20

Re-export of Russian gas unacceptable - Energy Minister
Gazprom’s contracts with its European customers do not allow them to re-export gas to a third party, Russia’s Energy Minister Aleksandr Novak reiterated in an interview with German business newspaper Handelsblatt published Friday.

26.09.2014 10:22

Russian MPs ratify Eurasian Economic Union agreement
Russia’s Duma has ratified an agreement on the Eurasian Economic Union, which will create the largest common market in the ex-Soviet sphere and provide for the free movement of goods, services, capital and labor between Russia, Belarus and Kazakhstan.

26.09.2014 08:49

Polish miners call off Russian coal blockade after Warsaw pledges industry support
Coalminers blocking “cheap” Russian coal at the Poland-Russia border have reportedly reached a deal with the government in Warsaw to consider new coal trade laws that will better protect the country’s coal industry.

25.09.2014 08:21

Japan targets Russia's biggest banks, arms exports in new sanctions
Japan has limited operations with five Russian banks including top lenders Sberbank and VTB, and arms exporters over Moscow’s involvement in the Ukraine crisis, according to Chief Cabinet Secretary Yoshihide Suga.

24.09.2014 08:08