Search Results for: Russia
Sanctions against Russia have cost European Union €30bn
October 9th, 2017
New research by the Austrian Institute of Economic Research (WIFO) suggests the EU’s economic sanctions against Russia introduced three years ago have cost European countries billions of euro. The survey, which was conducted at the request of the European Parliament ...
Venezuela suggests global oil trade in Russian ruble & Chinese yuan
October 5th, 2017
The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products. “Developing a new mechanism of controlling the oil market is necessary,” he said on Wednesday at ...
Burger King launches own cryptocurrency in Russia
September 1st, 2017
Customers will be able to claim one virtual coin for every rouble (1.3p) they spend and once they have accumulated 1,700 WhopperCoins, they will be able to buy the eponymous Whopper. Burger King will be launching accompanying Apple and ...
Russian govt wants to protect public from bitcoin trading as it resembles ‘financial pyramid’
August 30th, 2017
The Moscow Exchange is working on a mechanism to regulate trading in bitcoin and other digital currencies. At the same time, the Russian Finance Ministry says bitcoin resembles a pyramid scheme, and trading should be limited. “We are already ...
The Bank of Russia: Broker liquidity ratio to protect customer funds
August 28th, 2017
The Bank of Russia is introducing an obligation under which brokers who use customer funds in their own interests must calculate the liquidity coverage ratio. The procedure for calculating the ratio is stipulated in the Ordinance published in the ...
Russia has plans to introduce its own digital currency
August 25th, 2017
Russia has plans to introduce its own digital currency running on blockchain technology, according to First Deputy Prime Minister Igor Shuvalov. The FSB “is actively working at the international level and wants to ensure that security issues are solved ...
Bank of Russia reveals banking statistics
August 17th, 2017
The Central Bank of the Russian Federation has issued an announcement to publish banking statistics for the first seven months of 2017. Banking sector expands loan portfolio and resource base between January and July this year Banking statistics published ...
UK court obliges Ukraine to pay par value on its Eurobond debt to Russia
July 27th, 2017
The High Court of London has bound Ukraine to pay £2.8 million ($3.6 million) to Russia as compensation for legal costs related to Kiev’s Eurobond debt, the Russian Finance Ministry announced on Wednesday. According to a statement on its ...
Exxon sues U.S. over $2 million Russian sanctions fine
July 21st, 2017
The U.S. Treasury Department on Thursday imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, ...
Russian billionaire agreed to buy Holland & Barrett for about $2.3 billion
June 27th, 2017
Russian billionaire Mikhail Fridman’s fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter. L1 Retail will take control of the ...
