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Putin clears Rosbank's purchase of Societe Generale's Russian assetsRussian President Vladimir Putin has signed a decree allowing Rosbank to purchase stakes in leading Russian companies owned by Societe Gene...- Russian billionaire Vladimir Potanin challenges UK divorce laws in high court battleVladimir Potanin with an estimated net worth of $29.3 billion is contesting against the UK courts' perceived generosity in divorce cases, w...
- Russia nears economic milestone of buying Yuan soon as sanctions, oil-cap hit easesWith energy revenues now close to exceeding their target level, purchases are possible already in May, according to Bloomberg Economics, wh...
- Companies sell their businesses in RussiaBelow are some of the companies by sector that have secured deals to sell their businesses in Russia:
- Blockchain firm executes Russia's first digital asset deal with palladiumAtomyze was the first Russian firm to receive approval to exchange digital assets in February, while the central bank has long voiced scept...
- Europe stares at recession; Russia appears to be on track beating predictionsShares tumbled in London and across Europe as a jump in natural gas prices intensified the strain on the European economy, according to an ...
- HSBC in talks to sell Russian lending business to Expobank: SourceHSBC's corporate lending business, which offers a range of corporate banking and investment banking services to domestic and multinational ...
- Richest billionaires lose $1.4 trillion in worst half everIt’s a sharp departure from the previous two years, when the fortunes of the ultra-rich swelled as governments and central banks unleashed ...
- Companies sell their businesses in RussiaThe moves, part of a broader corporate exodus from the country, are likely to stir concerns that Russian firms and institutions are snappin...
- Ericsson suspends all Russia operations indefinitely over Ukraine warHundreds of Western firms ranging from Ikea to Coca-Cola, Goldman Sachs and McDonald's have stopped operations in the country since the inv...
- European shares fall as close French election keeps investors on edgeThe pan-European STOXX 600 index slipped 0.7% by 0710 GMT. France's CAC 40 dropped 0.4%, Germany's DAX fell 0.9% and UK's FTSE 100 was down...
- Retreat from Russia riddled with risks for Western banksThere is a growing realisation that these sanctions are likely to remain long-term, industry sources told Reuters, which means strategic no...
- The extent of global banks' Russian exposureInvestors worry banks will again need to hike loan loss provisions, which had been declining after the pandemic-driven spike in 2020. The c...
- Russian rouble stronger with oil as rally continuesAt 0725 GMT, the rouble was 1.1 per cent stronger against the dollar at 61.17 and had gained 1.1 per cent to 69.55 versus the euro.
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