‘Isolated’ Russia welcomes investment funds worth over $13 trillion at St. Petersburg forum
May22

‘Isolated’ Russia welcomes investment funds worth over $13 trillion at St. Petersburg forum

Foreign investors who are expected to participate at the St. Petersburg International Economic Forum this week will discuss with President Vladimir Putin the “unjustified” assumptions about isolating Russia. According to the head of the Russian Direct Investment Fund, Kirill Dmitriev, about 40 leaders of the world’s largest investment funds from 20 countries with total assets of over $13.5 trillion will participate in the forum....

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US threatens to punish Russia & Germany if they continue playing with gas
May19

US threatens to punish Russia & Germany if they continue playing with gas

Washington has warned that proceeding with the Russian-led gas pipeline project, aimed at bringing natural gas to Germany’s northeastern Baltic coast, could result in sanctions for those involved. The US opposes the Nord Stream 2 gas pipeline and may introduce penalties on the project due to its potential to increase Russia’s “malign influence” in Europe, according to Sandra Oudkirk, US deputy assistant secretary of state...

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Russian stock market brushes off US sanctions, trading near all-time high
May18

Russian stock market brushes off US sanctions, trading near all-time high

The Russian economy is proving to be resilient and showing a strong recovery from the initial shock of the latest round of US sanctions targeting the business sector. The ruble-traded MOEX reached 2,358 points this week, which is very close to an all-time high of 2,376.96 seen in February. The dollar-traded RTS index is still over 10 percent down from the February highs, but has also been recovering. Analysts are pointing at the good...

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Russian bank helps Venezuela defy US sanctions on cryptocurrency
May16

Russian bank helps Venezuela defy US sanctions on cryptocurrency

The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank. According to Associated Press, Russia’s Evrofinance Mosnarbank has become the first international financial institution so far willing to back the petro after US authorities warned potential investors over related risks. Investors who registered with Venezuela’s...

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Bridge from mainland Russia to Crimea hours away from opening
May15

Bridge from mainland Russia to Crimea hours away from opening

The bridge across the Kerch Strait, which will connect the Crimean Peninsula and Krasnodar Region is set to open on Tuesday. Construction of the bridge, the longest in Russia with a span of 19 kilometers, has been carried out since February 2016, and it is opening for cars more than half a year ahead of schedule. The bridge capacity is 40,000 cars and 47 pairs of trains per day, 14 million passengers and 13 million tons of cargo per...

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