Vladislav Soloviev, first deputy CEO of Rusal, says the company has not seen an impact from EU sanctions on Russia.» Read More
*Sberbank move follows VTB lawsuit against Mechel. MOSCOW, Oct 1- State-run Russian lender Sberbank filed a lawsuit against debt-laden Mechel on Wednesday, erasing earlier gains in the coal and steel producer's shares.
October could have a long list of market demons to contend with—from the shift in U.S. monetary policy to geopolitical issues that include Hong Kong.
MOSCOW— The Russian news agency known since the 1991 fall of the Soviet Union as ITAR-Tass has reverted to its old, historical name: Tass. Some see it as another sign of Russian nostalgia for the Soviet era, which has been heightened by the conflict between Russia and the West over Ukraine.
MOSCOW, Oct 1- The International Monetary Fund halved its forecast for Russia's 2015 gross domestic product to 0.5 percent on Wednesday, saying that international tensions had created downside risks to its estimates.
MOSCOW, Oct 1- Russia's VTB Bank, one of the country's largest, will drop a lawsuit against debt-laden coal and steel producer Mechel if an agreement over its debt is reached, Andrei Kostin, the head of VTB, said on Wednesday.
WARSAW, Poland— Poland's new prime minister says she will seek a greater U.S. military presence in Poland because the conflict in neighboring Ukraine has made Poland's security and the U.S.-Polish relationship even more important.
MOSCOW, Oct 1- Russia's central bank will assume an oil price of $60 per barrel in its worst-case scenario for monetary policy, Interfax news agency quoted the bank's First Deputy Governor Ksenia Yudayeva as saying on Wednesday.
MOSCOW, Oct 1- The Russian rouble weakened on Wednesday after the Central Bank conducted its first overnight rouble-dollar swap operation to boost banking liquidity. This was the first time the market used the mechanism that the Central Bank introduced on Sept. 16.
Alexei Yakovitsky, CEO of VTB Capital, says the company is putting more focus on the Asian market but is "not closing the door" on Europe and the U.S.
Alexei Yakovitsky, CEO of VTB Capital, says Russia won't have a dramatic liquidity or capital crisis as a result of the sanctions.
Speaking to CNBC at the "Russia Calling Conference" in Moscow, Maxim Basov, CEO of Rusagro, explains how the firm has benefited from geopolitical tensions.
MOSCOW— Russia's Central Bank says it isn't planning to put limits on investors' ability to pull money out of the country, a statement meant to assuage market fears that have seen the ruble tumble in recent weeks.
Russia's central bank said on Tuesday it did not plan to implement "any kind" of capital controls.
CNBC's Michelle Caruso-Cabrera reports Russia's central bank does not plan to implement capital controls.
PARIS, Sept 30- Lingerie provider Agent Provocateur is seeing brisk business in Russia, Hong Kong and China, contrary to many other luxury brands, and is rolling out a second line co-designed by actress Penelope Cruz and her sister Monica, its head said.
BRUSSELS— European Union ambassadors have decided to keep Ukraine- related sanctions against Russia in place for the time being.
Russia is considering weighing introducing temporary capital controls if the flow of money out of the country intensifies, Bloomberg reported.
*Paris auto show opens to press Thursday, Oct. 2. That is the fear of executives as they gather for the Paris auto show opening on Thursday, the biggest industry event in the regional calendar. Carmakers are rolling out new models in anticipation of closing the gap-- the Paris show floor will be bristling with fuel-efficient small cars and compact SUVs.
KIEV, Ukraine— For Alexei Polezhai, who sells water heaters and wood-burning stoves at his two shops in Kiev, sales this fall have been remarkably good considering the dramatic collapse in the rest of the Ukrainian economy this year. Russia stopped gas deliveries to Ukraine in June after Kiev failed to pay what Moscow said it owed in arrears.
*RusHydro feels no adverse effect from Western sanctions. MOSCOW, Sept 30- Russia's largest hydropower producer, RusHydro, is planning an extensive roadshow to attract investment from China and Singapore, seeking to strength business ties with Asia as Moscow's relations with the West cool.