Eastern Europe / News

Ukraine central bank and parliament rift threatens banking sector reforms

Sergei Kuznetsov in Kyiv October 27, 2016

Governor Valeriya Gontareva is a target because by allowing the hryvnia to fall and closing banks she has hurt oligarch profits.

Russia’s Uralsib brought down to earth as bank puts UK unit up for sale

Jason Corcoran in Moscow October 25, 2016

The lender with reputed Kremlin links cuts its astronomically costly ‘rocket ship to the stars’ UK operation.

Czech National Bank shutters Russian exports lender ERB

bne IntelliNews October 24, 2016

Russian-owned lender is also alleged to have been involved in helping Moscow fund populist political parties in the EU.

Donbas security vs elections dispute weighs down new Ukraine peace hopes

Sergei Kuznetsov in Minsk October 21, 2016

The four-country summit just held in Berlin brought a mixed bag of results, with real concessions made amid reiterated stock demands that paralysed almost two years of efforts to end the conflict in East Ukraine.

EU leaders hesitate on new sanctions against Russia for Aleppo assault

bne IntelliNews October 21, 2016

EU leaders said they will consider all options against the Syrian government and Russia for atrocities committed in Aleppo, but met resistance from Italy in the issue of imposing new economic sanctions.

Rosneft-led group acquires India's Essar Oil for $13bn

bne IntelliNews October 17, 2016

Multi-billion-dollar energy and defence deals are hoped to overcome strains appearing in Russian-Indian relationship over Pakistan.

Ukraine's DTEK generates 6% less power in August

bne IntelliNews October 13, 2016

Montenegro election becomes referendum on Russia vs Nato

Clare Nuttall in Bucharest October 12, 2016

Moscow-backed opposition parties seek to put the brakes on the tiny country’s progress towards Nato accession.

Sceptics doubt Brexit forcing Russia's VTB from London

Jason Corcoran in Moscow October 11, 2016

Russia watchers cite growing losses by the state bank's UK unit amid Western sanctions, as well as tight regulatory inspection and the high cost of real estate in London.

Turkey, Russia sign key pipeline deal as ties improve

bne IntelliNews October 11, 2016

The two countries move fast to rebuild ties nearly a year after Turkey shot down a Russian warplane.

Russia's RenCap sees UK profits plunge as China suitor hovers

Jason Corcoran in Moscow October 7, 2016

The London-based business generated a profit last year of $717,000 compared with $1.3mn a year earlier, according to a recent filing made at UK Companies House.

Russia hails Opec deal while stoking own oil production

Nick Allen in Warsaw October 7, 2016

Russia will remain the wild card in oil production forecasts.

PrivatBank’s problems loom over Ukraine’s banking sector

Sergei Kuznetsov in Kyiv October 7, 2016

The number of operating banks in Ukraine has declined from 180 in early 2014 to just over 100.

Russia’s largest privatisation in a decade will be an insider Kremlin deal

bne IntelliNews October 7, 2016

Rosneft will acquire 50.8% of Bashneft by year’s end, despite both being state-controlled companies.

RBI and RZB boards agree merger outline for Austrian lender

bne IntelliNews October 6, 2016

RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.

US-Russian Syria ceasefire efforts collapsing amid row over Aleppo, opposition

bne IntelliNews October 4, 2016

Hopes recede for a swift end to Syria's civil war while rising tensions between Washington and Moscow undermine nuclear disarmament work.

Russian banks climb back into profit

bne IntelliNews September 29, 2016

After two years of simply surviving, Russia’s banking sector is starting to make money again.

Missile launcher that downed airliner in Ukraine was sent to Russia, investigators say

bne IntelliNews September 28, 2016

100 potential suspects identified in 2014 destruction of Malaysia Airlines flight MH17.

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