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Business

Serendipitous sanctions

Russia Profits From New Turkish Refinery as U.S. Sanctions Hit Iran

Russia will supply 1 million tons of Urals crude to an Azerbaijani refinery in Turkey.
back in business

Gazprom Moves to Complete Pochinki-Anapa Pipeline

The construction had been shelved in 2015.
sanctions analysis

Playing the Long Game: The United States Targets Russia’s Sovereign Debt

Financial sanctions that limit Russia’s borrowing are ineffective as the country has three surpluses and doesn’t need credit lines.
oil and gas

Ukraine Introduces Duties on Russian Fuel

The measures come as economic relations between the countries continue to worsen.
inflation impact

Bank of Russia Says Inflation Drop Doesn’t Mean Bigger Rate Cut

The bank is expected to cut the interest rate on July 26.
global currency

Russia, Under Sanctions, Looks for Ruble Offshore Market

The deputy finance minister said the idea the ruble should become a reserve currency has not been ruled out.
stagnating economy

IMF Cuts Forecast for Russian 2019 GDP Growth to 1.2%, Calls for Reforms

The fund said the state's footprint needs to be reduced in favor of the private sector.
golden grain

Russia Eyes 2035 Grain Crop Boom With $70 Billion Investment Plan

The plan also hopes to improve quality and increase demand.
steel reputations

Kazakh Steel Mill AMT Terminates Contract With Gazprom Distributor Over Sanctions

This is the first time a sanctioned Russian company has had problems in Kazakhstan.
not lovin' it

Big Mac Index Counts Ruble as Most Undervalued Currency

The Russian currency lags its ideal value by a whopping 64.5%.
eco church

Russia Inc. Gets Environment Wake-Up Call From Church of England

This year has seen a substantial increase in investors' environmental concerns.
regional investment

Yandex, Uber Joint Venture to Buy Vezet Group Call Centers in Russia

The company will invest in the Russian regions.
american barrels

U.S. Oil Makes It to Ukraine in Another Blow for Moscow

Problems over contaminated oil and political pressure are squeezing Russian exports.
small business pessimism

Russia Is No Country for Business – Poll

Two-thirds of entrepreneurs called the environment unfavorable.
Frozen assets

London Court Blocks Assets of Russian Oligarch Boris Mints

Assets worth $572 million were frozen by the court.
charges dropped

Ukraine Drops Fraud Charges Against Sarkisov Brothers

The owners of the RESO-Garantia insurer had been accused of illegal dealings by Ukrainian businessman Lev Khlyavich.
case closed

Russian Oligarchs Win Dismissal of Lawsuit Over Oil Deal

The case concerned the sale of TNK-BP to Rosneft.
In The Money

Russia’s Current Account Sees Bumper Surplus in First Half

A large trade surplus and an increase in foreign direct investment account for the surplus.
Pipeline Politics

Turkish Stream Pipeline is Almost Finished, Gazprom Says

TurkStream should be online by the end of the year.
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