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.
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.
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.
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.
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.
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.
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.
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.
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.