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EU to defreeze some Russian assets to enable trade of food & fertilisersThe move comes amid criticism from African leaders about the negative impact of the sanctions on the trade and food shortage. Even the acti...- India, Russia apex banks to work on payment system this weekThe two sides will meet to discuss payment solutions such as Loro or Nostro accounts. The first is a third-party account, where a bank hold...
- Vladimir Putin hikes Russian pensions, plays down Ukraine impact on economyThe pension increase comes into effect from June 1, while the minimum wage hike kicks in on July 1. Analysts said the steps would not preve...
- Exporters to Russia seek Centre, RBI's help to clear stuck paymentsThe disruption to Indian companies' cash flows could have a ripple effect with them delaying payments to workers and suppliers and possibly...
- A new Indo-Russian transaction platform may be up this weekThe new payments system will likely be installed at the headquarters of both the RBI and the VEB, the latter also known globally as the Sta...
- EU sanctions Russian defence minister, military chiefs over Ukraine conflictThe 27-nation bloc slapped asset freezes and visa bans on high-ranking figures including the commanders of Russia's army, navy and air forc...
- Covid forced BRICS development institutes to revise their long-term strategiesThis conclusion was reached by the experts of the VEB.RF Institute (Russia's largest development institute) in a special report which was p...
- SCO agrees for joint roadmap for economic recoveryThe Development Banks from Shanghai Cooperation Organisation (SCO) which includes Russia, India, China and most Central Asian states have d...
- Russia's Far East Development Fund expresses interest in Jet AirwaysRussian government-backed Far East Development Fund has shown a preliminary interest in buying bankrupt Indian carrier Jet Airways, a perso...
- Agricultural waste, recycled plastic & cotton fibres: Concept cars built with unique materialsHere is a look at some cars made of unique materials.
- Cabinet gives nod for pacts by Exim Bank under BRICS mechanismAt an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter bilateral agreement with any of these member institution...
- Cash crunch in Russian industry may delay Indian defence ordersRussian Defence Industries have been crippled by the recent financial meltdown making it difficult for them to fulfill state orders for new...
- Russia's oil wealth fund rise to $197.4 bnRussia's two oil wealth funds totalled 5.24 trillion roubles ($197.4 billion) as of Nov. 1, up from $189.7 a month ago, Finance Ministry da...
- Bailout could turn tables on Russia's oligarchsThey amassed some of the world's biggest fortunes in the wild privatizations of Russia's post-Soviet chaos and the oil boom that followed. ...
- Russia's Alfa Bank asks $400 million from stateA bank belonging to one of Russia's biggest tycoons said today it is seeking $400 million in government loans to stave off foreign creditor...
- Russian government to buy stocks to ease credit crunchRussia's state-controlled bank VEB will invest up to $184.5 mn daily to buy stocks in the Russian bourses to ease the effects of the ongoin...
- Rescue package weighs heavy on Russian governmentRussian industrialists, bankers, retailers and even omnipotent oil producers have now put their hope in the government.
- Shareholders seek probe on takeoverThe Dutch shareholders’ association VEB asked an Amsterdam court to order a probe into possible mismanagement at ABN Amro in the bank’s han...
- Barclays closer to ABN dealBarclays moved a step closer to buying ABN Amro Holding for E 63.2 billion after a court cleared ABN Amro’s sale of LaSalle Bank.
- Shareholders put spanner in LaSalle saleVEB has filed a suit attempting to stop ABN Amro NV from selling LaSalle Bank to Bank of America Corp.
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