Russia

Russia's Sberbank reportedly seeks a blocking stake in internet major Yandex

Vadim Dumesh in Paris October 19, 2018

Russia's largest state-controlled bank Sberbank has been in talks to buy a blocking stake in Russia’s most valuable digital company Yandex. The state-owned banking giant has been holding negotiations with the founder and main shareholder

Happy 12th birthday bne

Ben Aris in Berlin October 18, 2018

bne keeps soldiering on as we believe the transition of emerging European countries into normal democracies with functioning markets is one of the most exciting stories on the planet.

Poland signs 20-year contract for US LNG

bne IntelliNews October 18, 2018

State-controlled gas company PGNiG is building a portfolio of LNG supply deals as Poland works to diversify its gas supplies and reduce dependence on imports from Russia.

Russia's Yandex.Taxi to benefit from high Uber IPO valuation

bne IntelliNews October 17, 2018

Uber Technologies could hold an IPO in 2019. The company has been valued at $120bn by Goldman Sachs and Morgan Stanley, which is the double of current valuation and exceeds the value of General Motors, Ford Motor and Fiat Chrysler Automobiles combine

Russia's industrial output growth slows further in September

bne IntelliNews October 16, 2018

Russia's industrial output growth continued to slow in September 2018, down to 2.1% year-on-year from 2.7%

Growing Fx/gold reserves to $500bn no priority for Russia's CBR

bne IntelliNews October 15, 2018

The goal of increasing Russia’s gross international reserves (GIR) to $500bn is not longer a priority for the Central Bank of Russia (CBR), the deputy head of the regulator Xenia Yudaeva told on October 12, as cited by Reuters.

Russia Inc is more profitable than in 2008 and heading for a record-breaking current account surplus

Ben Aris in Berlin October 13, 2018

This year thanks to rising oil prices Russia is on course to turn in a record current account surplus north of $100bn.

Belarus' new nuclear power plant will change the balance of energy in the Baltics

Ben Aris in Berlin October 12, 2018

Russia’s Atomstroyexport is close to completing Belarus’ controversial $11bn Astravets nuclear power plant that will change the energy security mix in the Baltic states.

Ukrainian Orthodox church wins approval to break away from the Moscow Church

bne IntelliNews October 12, 2018

Ruling by the patriarch in Istanbul creates a schism that deepens the rifts between Ukraine and Russia and could end in violence.

Russia to restart importing Turkmen gas after three years

bne IntelliNews October 10, 2018

Turkmenistan, hit by a financial crisis that has even led to passport-based bread rationing, will hope for major revenues.

INTERVIEW: Russia’s game in Syria

Ben Aris in Rhodes October 9, 2018

The military phase of the war in Syria is coming to an end and the Russians say they will withdraw their forces, but will happen next? bne IntelliNews editor Ben Aris sat down with Israel’s former prime minister Olmert Ehud to find out more.

Russia's FinMin to promote ruble transactions, but promises not to force them on population

bne IntelliNews October 9, 2018

The government plans to push the state-owned enterprises (SOE) into increasing the amount of international transactions they settle in rubles as part of the on going effort to reduce the use of the US dollar

Trust in Putin rating plunges to 39% due to unpopular pension reform

bne IntelliNews October 9, 2018

A new survey by independent pollster the Levada Center asking which politicians trust the most has seen trust in President Vladimir Putin plunge to 39% in September this year from 59% in November 2017.

Russia's inflation up to 3.4% in September, still in check

bne IntelliNews October 8, 2018

Consumer Price Index (CPI) inflation in Russia in September remained on an upward trend posting 3.4% year-on-year versus 3.1% seen in August and 2.5% in July, according to the data of Rosstat statistics agency.

VOX: Banking in a time of uncertainty — BCS GM diversifies out of Russia

Ben Aris in New York October 4, 2018

BCS Global Markets is a fast growing broker-dealer that has its origins in Russia, but has been diversifying into the UK and US. bne IntelliNews sits down with BCS GM’s CEO Roman Lokhov

Russia's FinMin returns to OFZ bonds market after a four week break

bne IntelliNews October 4, 2018

Russia's Finance Ministry returned to the OFZ bond market after a four-week break, proposing two auctions of federal bonds maturing in 2021 and 2024 worth RUB10bn each.

Russia hints at plans to contest Macedonia name deal through the UN

Valentina Dimitrievska in Skopje October 3, 2018

​After the mass boycott of Macedonia’s referendum on its critical deal with Greece, Moscow may seize the chance to hinder enlargement of the EU and Nato in the Western Balkans.

Ukrainian politicians pledge to collect Russia's natural gas debts

Sergei Kuznetsov in Kyiv October 3, 2018

Former premier and Batkivshchyna Party leader Yulia Tymoshenko says Gazprom must pay "up to the last kopeck", nine months after Stockholm arbitration court ruled the Russian gas giant must pay $2.6bn to Naftogaz.

Sberbank shrugs off Brexit and sanctions by investing £80mn in London unit

Jason Corcoran in London October 1, 2018

Russia’s biggest lender Sberbank has shrugged off concerns about both Brexit and sanctions by committing £80mn ($56mn) in the second half of this year to its loss-making London investment bank, bne IntelliNews can reveal.

Russia's manufacturing PMI sector flat in September

bne IntelliNews October 1, 2018

Russia's manufacturing sector saw no change with regards to its overall performance in September according to the latest PMI index report, while "overall stagnation did however mask a return to growth of both output and new orders," IHS Markit said

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