Eastern Europe / Features

Investors ask which Russian bank domino will be the next to topple

Ben Aris in Berlin September 24, 2017

Promsvyazbank is seen as most at risk of the Garden Ring banks after buying up weaker rivals and diversifying aggressively into other industries.

Kremlin to launch massive infrastructure projects in 2018

Vladimir Kozlov in Moscow September 21, 2017

The Russian government plans to launch a series of massive infrastructure projects after the 2018 presidential election, addressing a significant shortfall the country is facing.

Russia's CBR starts work on cleaning up Binbank

bne IntelliNews September 21, 2017

Russia's central bank has given troubled Binbank an unsecured loan, but has not disclosed the amount as it starts the rescue of yet another large "Garden Ring" commercial bank.

Directors resign from board of Ukraine's gas monopoly over derailed reforms

Sergei Kuznetsov in Kyiv September 20, 2017

The two surviving independent members of the supervisory board at Ukraine's gas monopoly Naftogaz quit on September 19, citing "the government’s lack of commitment to duly implement the corporate governance reform".

Obuv Rossii has the right shoe for Russia’s regions

Ben Aris in Berlin September 20, 2017

Shoe retailer plans IPO this autumn to build on strong growth across its regional network.

Russian monthly equity wrap: the boom in steel stocks continued in August

Ben Aris in Berlin September 10, 2017

Investors snapped up metal and mining names thanks to the high prices for ferrous metals on international markets and the expectation that demand from China will accelerate

Is Russia on the verge of another banking crisis?

Ben Aris in Berlin September 8, 2017

The near collapse of leading commercial bank Financial Corporate Otkritie has raised a wider question: is Russia is facing another banking crisis?

Russia's Otkritie collapse: the owners and the deals

Ben Aris in Berlin September 8, 2017

Who were the owners of Russia's Otkritie bank and what where the deals that got it into so much trouble?

Russia’s banking sector on the edge again

Ben Aris in Berlin September 7, 2017

Russia’s banking sector was rocked in August when Otkritie Financial Corporation, the second biggest private bank in the country and one of 10 “systemically important” banks, was taken over by the central bank.

Crisis over Ukraine gas monopoly snowballs

Sergei Kuznetsov in Kyiv September 6, 2017

The management crisis at state-owned gas monopoly Naftogaz took a new turn after Charles Proctor, an independent member of the supervisory board, said he will resign from his post in late September, citing the lack of government support.

Russky Standart group's profits soar as illegal vodka production eradicated

Ben Aris in Berlin, Vladimir Kozlov in Moscow September 4, 2017

Has the tide turned for Rustam Tariko, the owner of both Russky Standart vodka and a bank by the same name? The vodka business is booming, largely thanks to the fact the government has almost completely eradicated illegal vodka production.