Search Results for: Russia's
Russia’s Gazprom May Move Operations From London Over Post-Brexit Trade Concerns
April 5th, 2017
According to media reports, Russia’s energy giant Gazprom may leave the United Kingdom in light of potential trading difficulties associated with the country’s departure from the European Union. Russia’s energy giant Gazprom may leave the United Kingdom in light of potential ...
Russia’s ‘Bitcoin Ban’ Faces Uncertain Future After Draft Bill Withdrawn
May 20th, 2016
A bill prepared by Russia’s Ministry of Finance targeting the creation and circulation of so-called money surrogates, a classification that would include digital currencies like bitcoin, has been at least temporarily withdrawn from consideration following comments from the country’s ...
Russia’s currency collapses to lowest level ever
January 21st, 2016
The Russian ruble has just collapsed to its lowest ever level. It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late 2014 and piling on the pain for an economy already ...
How the Unshackled Ruble Has Changed Russia’s Economy Forever
November 10th, 2015
The weaker currency has hit consumers hard but helped oil producers Today marks the one-year anniversary of the freeing of the ruble for the first time in its post-Soviet history. In five charts, we show how the central bank’s ...
Foreign Investors Complain About Russia’s Unpredictable Laws
October 21st, 2015
Unpredictable lawmaking is undermining Russia‘s ability to attract foreign investors, the Foreign Investment Advisory Council (FIAC) — a group of the biggest foreign companies working in Russia — told Prime Minister Dmitry Medvedev on Monday. A report by financial services ...
Central Bank of Russia: Acts to Rein In Russia’s Ruble Rally
May 15th, 2015
The Russian ruble fell sharply on Thursday after the Central Bank announced it was buying foreign currency worth $100-200 million daily to replenish its reserves, a sign it thinks the ruble has strengthened enough. At 8 p.m., the ruble ...
Russia’s Gazprom Suing Ukraine’s Naftogaz for $24 Billion in Gas Price Feud
May 6th, 2015
Russian energy giant Gazprom is suing Ukraine’s state gas company Naftogaz for nearly $24 billion amid a long-running gas pricing dispute between the two countries, according to a report published on the Naftogaz website. Ukraine is suing for a similarly massive sum: Prime Minister Arseniy ...
Russia’s Gazprom Says Net Profit Plummeted 70% in 2014
March 31st, 2015
Gazprom‘s net profit, calculated under Russian Accounting Standards (RAS), fell 70 percent last year to 189 billion rubles ($3.3 billion), Russia’s top natural gas producer has said. Gazprom’s net profit under RAS is attributed to the parent company only and not its ...
Russia’s Putin calls for regional currency union
March 23rd, 2015
Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia’s main partners in a union of ex-Soviet states facing growing economic challenges. Putin made his proposal at a meeting with the Belarussian ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
