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Morgan Stanley to Shut Down Its Russian Banking Business
Sanctions have made Russian access to international capital markets difficult.
Russia's Top Banks Plot Temporary Sanctions Workaround
"Each important bank has a step-by-step plan," one senior financial official said.
Russian Officials, State Media Meet Explosive 'Troika Laundromat' Report With a Shrug
The report sent bank shares tumbling but was largely ignored by Russian officials and state media.
Danske Quits Baltics and Russia as Laundering Case Deepens
Danske said it will close down its activities in Estonia, Latvia, Lithuania and Russia.
Russians Took Out 46% More Personal Loans in 2018 — $130 Bln
Russians are reportedly becoming increasingly reliant on credit to keep their shopping baskets full.
Head of Major Russian Bank Greets Investors in Star Wars Jedi Costume
Kostin, the sanctioned head of VTB, was seen wearing an Obi Wan Kenobi costume at Russia’s largest financial conference this week.
Russian Bank Reports Assigning $12Bln Loan to Poor African State by Mistake
The reported loan was more than six times the country's annual economic output.
Russian Mining Giants Experiment With Payments in Rubles
Two of Russia's biggest mining companies said on Wednesday they were investigating ruble-based payments schemes.
Russia Objects to U.S. Proposal to Blacklist Russian Bank at UN
Russian diplomats argued that the proposal is not "adequately substantiated by sufficient information."
Bank Ad Jinxes the Russia Team
The Mir payment system reportedly jumped the gun to congratulate Russia for winning against Croatia.
Raiffeisen, Sberbank Accused of Misusing World Cup Symbols
Both financial institutions were censured for their use of the World Cup for promotion – one by FIFA, another by Russia’s anti-monopoly watchdog.
Shell Companies Hit All-Time Low in Russia
Enhanced monitoring and tighter incorporation rules have helped Russia reach an all-time low in the share of registered shell companies.
Leaks Allege Putin Ally, Russian Offshore Holders Under Investigation
The new disclosures allege that cellist Sergei Roldugin’s offshore companies made millions of dollars through a series of suspicious transactions.
Russia Sets Record for Millionaires, Report Finds
Despite a lackluster economic growth rate, Russia has set a new worldwide record for growth in the number of dollar millionaires.
Banker at Center of Historic Bailout Dies in Prison
The jailed co-founder of Mosoblbank has reportedly died in what his attorney said is a non-violent death in a Russian penal colony.
Moscow Stock Exchange Wins From Sanctions Fears
Fear of new sanctions is pushing Russian companies to quit the stock exchanges in London and New York in favor of the Moscow Exchange.
Half of Unemployed Russians Below 34 Years
One out of every two unemployed Russians is between the ages of 20 and 34, Russia’s senior cabinet official for welfare said in a statement.
Exiled Russian Oligarch Accused of Corruption Pays $200,000 To Get U.S. Visa
Borodin is accused of embezzling $1.6 billion.
This Russian Doomsayer Doesn’t Believe in Banks, But He Runs One
“If you tell me that you need to build a bank, then don’t come to me or our team.”
Putinomics Loses Its Power as Stagnation Starts Reign in Russia
The economy of the world’s biggest energy exporter is stalling without enough investment
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