Russia News

American Businesses in Russia Are Struggling After U.S. Sanctions, Survey Says

2 months ago kakp2 Comments Off on American Businesses in Russia Are Struggling After U.S. Sanctions, Survey Says
U.S. sanctions have created new difficulties for American businesses working in Russia, a recent survey of companies has said. Last month, the United States sanctioned several Russian companies and businessmen for alleged meddling in the 2016 U.S. election and other “malign activities.” Russia vowed to inflict “precise and painful” damage to the U.S. in response, Read More

“European, U.S. and Asian markets are strategically important areas for our business” – Roustamov Seyfeddin

2 months ago kakp2 Comments Off on “European, U.S. and Asian markets are strategically important areas for our business” – Roustamov Seyfeddin
Seyfeddin Roustamov, beneficial owner of PJSC Metafrax, one of the largest producers of methanol and its derivatives, spoke about the company’s strategy and plans. Mr Roustamov, How do you assess Metafrax’s results for the year 2017? In general, the year was successful. The Metafrax parent company produced over 1.1 million – tons of methanol: it Read More

Russia and Japan Warn U.S. of $1Bln Tariff Retaliation

2 months ago kakp2 Comments Off on Russia and Japan Warn U.S. of $1Bln Tariff Retaliation
Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminum by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed on Tuesday. The documents from Russia and Japan, following similar filings last week by the European Union and China, notified the United States of the cost of Read More

Visa Trouble Keeps Russian Billionaire Abramovich From FA Cup Final — Reports

2 months ago kakp2 Comments Off on Visa Trouble Keeps Russian Billionaire Abramovich From FA Cup Final — Reports
British authorities, whose relations with Moscow have been strained, are yet to renew Russian billionaire Roman Abramovich’s visa after it expired last month, two sources familiar with the matter say. Abramovich, best known in Britain as the owner of Premier League soccer club Chelsea, is in the process of renewing his visa as part of a Read More

Russia’s Beer Producers Protest Booze Clampdown During FIFA World Cup

2 months ago kakp2 Comments Off on Russia’s Beer Producers Protest Booze Clampdown During FIFA World Cup
Russia’s beer producers have reportedly sent letters to local and federal officials urging them not to restrict the sale of alcohol during the 2018 World Cup. Regional authorities are pushing to restrict the sale and consumption of beer during the international football tournament, which takes place in 11 Russian host cities from June 14 until Read More

Ruble Weakens Ahead of Putin’s Inauguration

2 months ago kakp2 Comments Off on Ruble Weakens Ahead of Putin’s Inauguration
The Russian ruble weakened in early trade on Monday ahead of Vladimir Putin’s inauguration for a six-year presidential term that will be followed by the appointment of a new government later this week. The configuration of the new government is one of the key uncertainties that still hang over the market. Whoever Putin’s protege for the Read More

Dutch Firms Scrutinized for Allegedly Supplying Parts for Crimea’s Kerch Bridge

2 months ago kakp2 Comments Off on Dutch Firms Scrutinized for Allegedly Supplying Parts for Crimea’s Kerch Bridge
Prosecutors in the Netherlands said Friday they have opened a criminal investigation into seven Dutch companies and their directors for allegedly breaching European Union sanctions against Moscow, by helping Russia build a bridge to Crimea. The companies involved are alleged to have supplied machines, machine parts and other services for the construction of the 19-kilometer long bridge Read More

Ukraine to Replicate U.S. Sanctions on Russian Individuals

3 months ago kakp2 Comments Off on Ukraine to Replicate U.S. Sanctions on Russian Individuals
Ukraine has decided to expand sanctions on Russian companies and entities to mirror those of the United States, which has blacklisted tycoons and allies of Russia’s Vladimir Putin, Ukrainian President Petro Poroshenko said on Wednesday. Kiev has also extended existing sanctions it introduced against hundreds of Russian companies and entities in response to the annexation Read More

Investors Given Extra Month to Divest of Russia’s Sanctions-hit Rusal

3 months ago kakp2 Comments Off on Investors Given Extra Month to Divest of Russia’s Sanctions-hit Rusal
The U.S. Treasury on Tuesday gave investors an additional month to divest or transfer their holdings in sanctions targets United Company Rusal Plc, En+ Group Plc and GAZ Group. Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ and GAZ, in Read More

Russia’s Medvedev Says He Backs Criminalizing Observance of U.S. Sanctions

3 months ago kakp2 Comments Off on Russia’s Medvedev Says He Backs Criminalizing Observance of U.S. Sanctions
Russian Prime Minister Dmitry Medvedev backs the idea of making it a criminal offense for Russians to observe sanctions imposed by the United States, Medvedev said in an interview broadcast on Saturday on state TV channel Rossia 1. Washington imposed sweeping sanctions on some of Russia’s biggest companies and businessmen on April 6, striking at allies of Read More