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Calvey cedes control

Detained U.S. Investor Loses Control of Russia's Vostochny Bank

Michael Calvey’s fund has lost the legal battle with the bank’s Russian shareholder.
Gas assurances

Gazprom Dismisses Fears of EU Gas Apocalypse This Winter

The Russian behemoth says it is stocking up to ensure deliveries.
calvey case

Calvey Faces Setback as London Court Rules in Favor of Russian Investors

Besieged U.S. fund manager could lose control of Bank Vostochny.
sluggish growth

Fitch Cuts Its Russia Growth Forecast for 2019 to 1.2%

The cut follows similar action from the World Bank and was prompted by weak first quarter economic performance.
gas brinkmanship

Ukraine Warns of Gas Crisis as Negotiations With Russia Drag On

“Highly probable” that the two won’t reach an agreement by the time the current contract ends.
Grain is the new oil

China Eyes Russian Grain Terminal

Sino-Russian ties are deepening as China is ramping up its investment in Russian agriculture.
Rate cut

Russia’s Central Bank Cuts Key Rate to 7.5%

The bank cut the rate for the first time this year and said it might lower rates again.
oil prices

Russia's Gazprom Neft Urges OPEC to Raise Oil Output

The company’s chief said it is ready to restore its oil output.
Gold rush

Russian Foreign Currency and Gold Reserves Hit $500Bln

Reserves are at their highest level since 2014.
Shale basins

U.S. ‘Freedom Gas’ Aims to Loosen Russia's Grip on Europe’s Market

Russia is Europe’s biggest and lowest-cost gas supplier.
Islamic finance

Russia's Sberbank to Acquire Stake in Islamic Charity Platform PayZakat

The start-up helps Muslims to give alms.
Calvey case

Putin Focus Not Enough for Arrested Investor to Keep Key Asset

A court has ordered a transaction that will cut Michael Calvey's stake in Vostochny Bank.
problematic ratios

Russia’s Banking Sector Is Weak Despite Bailouts – World Bank

The country has a higher ratio of non-performing loans than other emerging markets.
Oil prices

OPEC+ Cuts Extension Likely After Russia-Saudi Talks

Oil ministers are pursuing cooperation in the face of a slowing global economy.
Strong words

Russia’s Sechin Accuses U.S. of Using Energy as a Political Weapon

The Rosneft CEO told the St. Petersburg International Economic Forum that a third of global oil reserves are restricted by U.S. sanctions.
Gas Giant

As Rumors Swirl That Russia’s Gazprom Will Replace Its Chief, the Company’s Value Keeps Growing

The “state within a state” is now Russia’s most valuable enterprise, and investors believe fundamental change is on the cards.
Cuba potential

Deripaska’s GAZ Requests Loan to Develop Cuba Projects

The van maker is suffering under U.S. sanctions.
Consumer debt

Central Bank of Russia Worries About Housing Bubble

Mortgage lending is booming.
Stock spike

Shares in Russia’s Gazprom Soar

Doubling of dividend payout has lifted valuation.
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