Russia’s Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

Russia steps up economic retaliation with Eurobond ruble buyback offer

A view shows Russian ruble coins in this picture illustration taken October 26, 2018. Picture taken October 26, 2018. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Eurobond ruble payment offer revives default fears Moscow does not say if bondholders must take rubles Russia has already demanded gas payments in rubles Move … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

EXCLUSIVE Moscow sets out strict new controls on foreigners trading Russian assets

Steam rises from chimneys of a heating power plan over the skyline of central Moscow, Russia November 23, 2020. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register Russia temporarily stopped foreigners selling assets Foreigners now need to provide details before trading Applications for permits must be made in Russian language LONDON/NEW … Read more

Chelsea owner Abramovich and Rosneft boss Sechin sanctioned by UK

UK sanctions seven more oligarchs it links to Kremlin Group includes Chelsea owner Abramovich Chelsea sale put on hold, UK might sell club Trading suspended in Evraz shares LONDON, March 10 (Reuters) – Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, the chief executive of Russian oil giant Rosneft, hitting … Read more

Russia, Belarus squarely in ‘default territory’ on billions in debt -World Bank

People walk near the Moscow International Business Centre, also known as “Moskva-City”, in Moscow, Russia November 12, 2019. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 9 (Reuters) – Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and … Read more

Financial screws turned on Russia as insurers exit, London stocks halted

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LSE halts trading in Russia-related GDRs Trade insurer withdraws from Russian risk Investors continue selling Russian assets Deutsche Bank testing Russia tech center LONDON, March 4 (Reuters) … Read more

Fitch, Moody’s slash Russia’s sovereign rating to junk

March 3 (Reuters) – Ratings agencies Fitch and Moody’s downgraded Russia by six notches to “junk” status, saying Western sanctions threw into doubt its ability to service debt and would weaken the economy. Russia’s financial markets have been thrown into turmoil by sanctions imposed over its invasion of Ukraine, the biggest attack on a European … Read more

European bank shares halt slide, Russia’s Sberbank exits Europe

FRANKFURT/LONDON, March 2 (Reuters) – European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11 months on fallout from the Ukraine crisis, which has forced the European arm of Russia’s Sberbank (SBER.MM) to closed. Russia has shown no intention of stopping its Ukraine attack, which has triggered heavy … Read more