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REUTERS/Andrew Kelly Acquire Licensing RightsMOSCOW, Nov 1 (Reuters) - Former Russian president Dmitry Medvedev sneered at the Danish brewer Carlsberg (CARLb.CO) on Wednesday for having thought it could quit Russia without penalty after the West sanctioned Moscow for its invasion of Ukraine. Carlsberg CEO Jacob Aarup-Andersen on Tuesday said Russia had stolen its business when President Vladimir Putin in July granted temporary control of its majority stake in the Russian brewer Baltika to the federal government. "Like their brethren in the Western menagerie, they abandoned everything in Russia for political reasons ..., refused to fulfil their obligations to Russian contractors. Carlsberg had eight breweries and about 8,400 employees in Russia, and took a 9.9 billion Danish crown ($1.4 billion) write-down on Baltika last year. ($1 = 7.0694 Danish crowns)Reporting by Reuters in Moscow and Alexander Marrow in LondonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Dmitry Medvedev sneered, Jacob Aarup, Andersen, Vladimir Putin, Baltika, Carlsberg, Medvedev, they'd, Alexander Marrow Organizations: Carlsberg, REUTERS, Rights, West, Russia's Security, Reuters, Thomson Locations: Copenhagen, Denmark, Russian, Danish, Moscow, Ukraine, Russia, London

☆ Russian rouble gives up gains after soaring to 3-month high
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

A view shows the newly designed Russian 1000-rouble banknote inside a currency detector during a presentation in Moscow, Russia October 16, 2023. REUTERS/Maxim Shemetov Acquire Licensing RightsMOSCOW, Oct 31 (Reuters) - The Russian rouble weakened on Tuesday, pulling back after soaring to a three-month high past 92 to the dollar earlier in a volatile session, supported by high interest rates, but facing a month-end reduction in foreign currency sales. By 1324 GMT, the rouble was 0.5% weaker against the dollar at 93.28 . "But at the same time, growth in the money supply is continuing and this will definitely result in rouble weakening." The rouble has strengthened from beyond 100 to the dollar since the decree was announced.

Persons: Maxim Shemetov, Alexei Antonov, Vladimir Putin's, Brent, Alexander Marrow, Christina Fincher, Mark Potter Organizations: REUTERS, Rights, Bank of Russia, Financial Times, Reuters, Thomson Locations: Moscow, Russia, Russian

☆ Yandex takes step towards Russian approval for restructuring
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File photo Acquire Licensing RightsMOSCOW, Oct 27 (Reuters) - Nasdaq-listed Russian tech company Yandex (YNDX.O) said on Friday it had obtained one of the approvals needed from the Russian government for its planned restructuring, which it hopes to complete by the end of 2023. Yandex, while reporting a 33% drop in third-quarter adjusted net income, said its board remained committed to completing the restructuring and divesting all Russia-based businesses. It said class A shareholders had now given consent for the merger of certain intermediate Dutch holding companies into Yandex NV. Yandex said it planned to take a restructuring proposal to shareholders for approval by the end of 2023.

Persons: Evgenia, Yandex, Alexander Marrow, Jason Neely, Mark Potter Organizations: REUTERS, Rights, Nasdaq, Yandex, Moscow, Reuters, Yandex NV, Thomson Locations: Moscow, Russia, Ukraine, nationalising, Washington

By 1417 GMT, the rouble was 0.4% stronger against the dollar at 93.57 , earlier reaching 92.5100, its strongest point since Sept. 12. "We expect that by the end of the year the rouble exchange rate will be trading in the range of 94-98 per dollar, 99-104 per euro and 12.8-13.4 per yuan," Vasilyev said. CURRENCY CONTROLSMonth-end tax payments, due on Oct. 30, which usually see exporters convert foreign exchange (FX) revenue to pay domestic liabilities, have supported the rouble in recent days. The rouble has strengthened from beyond 100 to the dollar since the decree was announced. "The specific impact of currency restrictions on the dynamics of the exchange rate will be insignificant in our opinion," she said.

Persons: Mikhail Vasilyev, Vasilyev, Yevgeny Suvorov, Suvorov, Vladimir Putin's, Elvira Nabiullina, Brent, Alexander Marrow, Mark Potter, Christopher Cushing, Deborah Kyvrikosaios, Gareth Jones Organizations: Bank, Bank of Russia, FX, Reuters, Thomson Locations: Russia, Ukraine MOSCOW, Moscow, London

Nabiullina also said the budget was a significant factor in Friday's decision. "It looks like today's interest rate hike front-loaded the tightening cycle in response to the fiscal announcements earlier this month," said Liam Peach, senior emerging markets economist at Capital Economics. The central bank's tightening cycle began this summer when inflationary pressure from a tight labour market, strong consumer demand and the budget deficit was compounded by the falling rouble. But the bank set its 2023 key rate range at 15-15.2%, suggesting rates could climb further and Nabiullina said that may be required. Sinara Investment Bank analyst Sergei Konygin said the lack of forward hawkish guidance meant it was highly likely the key rate had already reached its upper boundary.

Persons: Elvira Nabiullina, Nabiullina, Liam Peach, Dmitry Polevoy, Sergei Konygin, Vladimir Soldatkin, Elena Fabrichnaya, Alexander Marrow, Gareth Jones, Mark Trevelyan, John Stonestreet, Mike Harrison Organizations: Bank, Russia, Bank of Russia, Capital Economics, Reuters, Sinara Investment Bank, Thomson Locations: Russia, Ukraine MOSCOW, Ukraine, Moscow, Locko, London

☆ Moscow court upholds Rosbank's $12 mln damages claim against Citi
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsMOSCOW, Oct 26 (Reuters) - A Moscow court has upheld a claim by Rosbank (ROSB.MM) to recover damages worth 94.47 million Hong Kong dollars ($12.08 million) from U.S. lender Citi (C.N) and its affiliate in Hong Kong, Russian court documents showed on Thursday. Rosbank first asked the court for damages in July, requesting interim asset seizures, concerned that Citi's efforts to fully extricate itself from Russia may reduce its assets there before a decision was reached. The court did not grant interim measures then, but in filings dated Oct. 26, it said: "The claim was satisfied in full." ($1 = 7.8210 Hong Kong dollars)Reporting by Elena Fabrichnaya; writing by Alexander Marrow; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Rosbank, Elena Fabrichnaya, Alexander Marrow, Jason Neely Organizations: Citibank, New York Stock Exchange, REUTERS, Rights, Hong Kong, Citi, Rosbank, Thomson Locations: Manhattan , New York City, U.S, Moscow, Hong Kong, Russia, Ukraine

☆ Russia's Shoigu inspects forces in visit to eastern Ukraine
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Russian Defence Minister Sergei Shoigu attends a meeting with the commanders of troops fighting in Ukraine, at an unknown location, in this still image from video released October 5, 2023. Russian Defence Ministry/Handout via REUTERS/File Photo Acquire Licensing RightsOct 25 (Reuters) - Russian Defence Minister Sergei Shoigu inspected command posts of Russian troops in Ukraine's Donetsk region, his ministry said on Wednesday, during a working visit close to the war's front lines. He told assembled servicemen that their efforts were giving Ukrainian forces "fewer and fewer opportunities". Ukraine says Russian forces in recent days have been pounding the eastern city of Avdiivka but have sustained heavy losses. Shoigu was informed of Russian troops' training improvements with drones, the ministry said.

Persons: Sergei Shoigu, Yevgeny Prigozhin, Shoigu, Alexander Marrow, Mark Trevelyan, John Stonestreet Organizations: Russian, Russian Defence Ministry, REUTERS, Russian Defence, Ukrainian, Reuters, Thomson Locations: Ukraine, Ukraine's Donetsk, Russian, Avdiivka

☆ Russia's Shoigu Inspects Forces in Visit to Eastern Ukraine
▼ + stars: | 2023-10-25 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russian Defence Minister Sergei Shoigu inspected command posts of Russian troops in Ukraine's Donetsk region, his ministry said on Wednesday, during a working visit close to the war's front lines. He told assembled servicemen that their efforts were giving Ukrainian forces "fewer and fewer opportunities". Ukraine says Russian forces in recent days have been pounding the eastern city of Avdiivka but have sustained heavy losses. Video footage published by the ministry showed Shoigu disembarking from a helicopter before engaging in discussions with senior military personnel. Shoigu was informed of Russian troops' training improvements with drones, the ministry said.

Persons: Sergei Shoigu, Yevgeny Prigozhin, Shoigu, Alexander Marrow, Mark Trevelyan, John Stonestreet Organizations: Reuters, Russian Defence, Ukrainian Locations: Ukraine's Donetsk, Ukraine, Russian, Avdiivka

☆ Almost half of Russians say salary does not cover basic spending - survey
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsMOSCOW, Oct 23 (Reuters) - The number of Russians who say their salary does not cover basic spending has jumped by 20 percentage points in two years to almost half, a survey by recruiter Headhunter showed, as Moscow diverts record fiscal resources to funding its war in Ukraine. Asked whether their salary was enough to cover basic spending, without taking into account income from second jobs or investments, just one in five Russians surveyed said yes. That is up from 25% in 2021 and 39% in 2022, Headhunter's survey showed. Of the 45% lacking the money for basic spending, more than half said they were at least 20,000 roubles ($212) short per month. The average monthly nominal wage earned by Russians was 71,419 roubles ($756) in July, Rosstat's statistics show.

Persons: Evgenia, Headhunter, Vladimir Putin, Alexander Marrow, Gareth Jones Organizations: U.S ., Russian, REUTERS, Rights, Bank of Russia's, International Monetary Fund, Thomson Locations: Moscow, Russia, Ukraine

☆ Russian court grants unspecified 'interim measures' as Baltika sues Carlsberg
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Barrels are seen at the museum of the Baltika brewery in St. Petersburg, October 12, 2014. REUTERS/Alexander Demianchuk/File Photo Acquire Licensing RightsMOSCOW, Oct 20 (Reuters) - A court in St Petersburg has imposed unspecified "interim measures" against Carlsberg (CARLb.CO) in favour of Baltika Breweries, court filings showed, after the Danish brewer stopped licensing its brands in Russia this month. The court filings provided no information other than that interim measures had been granted in a lawsuit filed on Oct. 17 by Baltika against Carlsberg. In another lawsuit filed on Sept. 25, before Carlsberg terminated the licence agreements, Baltika had asked a Russian court to prohibit Carlsberg from initiating legal proceedings in Denmark, citing the risk that Carlsberg could seek to remove Baltika's right to use certain trademarks. The court did not grant interim measures, but a hearing in that case is scheduled for Nov. 15.

Persons: Alexander Demianchuk, Vladimir Putin, Baltika, Alexander Marrow, Kevin Liffey Organizations: REUTERS, Rights, Carlsberg, Baltika Breweries, Carlsberg Group, Baltika, Reuters, Thomson Locations: St . Petersburg, St Petersburg, Danish, Russia, Russian, Ukraine, Denmark

☆ Moscow tells officials to buy Russian Ladas, Chinese cars
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexey Malgavko//File Photo Acquire Licensing RightsOct 20 (Reuters) - Russia's government on Friday published a list of domestically-produced cars that state officials should buy, all either Russian or Chinese brands, highlighting Beijing's infiltration of Russia's automobile industry since the Ukraine war. As the West shuns Russia, Russia has shunned Western corporations. The Russian cars listed were five Lada models, produced by Russia's largest carmaker Avtovaz, as well as the UAZ, Aurus and Moskvich brands, and Evolute electric cars. The Moskvich, a revived Soviet-era car, is emblematic of China's growing sway over Russia's car industry. Five models of Chinese carmaker Haval, which has been producing cars at its plant in the Tula region, 200 kilometres from Moscow, since 2019, were listed.

Persons: VAZ, Alexey Malgavko, Vladimir Putin, Sehol, Haval, Gleb Stolyarov, Alexander Marrow, Barbara Lewis Organizations: Lada, REUTERS, Renault, Nissan, West shuns, Kommersant, Apple, Industry and Trade Ministry, Russia's, Reuters, Thomson Locations: Soviet, Izhevsk, Russia, Ukraine, West shuns Russia, Moscow, Tula

☆ Russian e-commerce firm Ozon notifies Nasdaq of delisting intention
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. But trading in Ozon's securities on Nasdaq was suspended soon after Russia despatched troops to Ukraine in February 2022, as were listings of Russian companies on the London Stock Exchange. "We have no reason to believe that trading of Ozon's ADSs on Nasdaq will resume. This step is aimed at reducing costs associated with providing reports to the U.S. Securities and Exchange Commission's standards." Ozon said it planned to file for voluntary delisting by Oct. 30, and that the delisting would not affect its operations.

Persons: Evgenia, Ozon, Ozon's ADSs, Olga Popova, Alexander Marrow, Kevin Liffey Organizations: REUTERS, Nasdaq, London Stock Exchange, U.S . Securities, Exchange, Kazakhstan's Astana International Exchange, Thomson Locations: Moscow, Russia, Ukraine MOSCOW, Ukraine

☆ Google's Russian subsidiary recognised as bankrupt by court - RIA
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Toby Melville/File Photo Acquire Licensing RightsMOSCOW, Oct 18 (Reuters) - Google's Russian subsidiary has been recognised as bankrupt by a Moscow court, the RIA news agency reported on Wednesday, over a year after proceedings began. Alphabet Inc.'s (GOOGL.O) Russian unit filed for bankruptcy in summer 2022 after authorities seized its bank account, making it impossible to pay staff and vendors. Google's Russian subsidiary has been under pressure in Russia for failing to delete content Moscow deems illegal and for restricting access to some Russian media on YouTube. However, while the Kremlin has banned some platforms including Twitter and Facebook, it has so far stopped short of blocking access to Google's services. Reporting by Reuters; Writing by Alexander Marrow; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Alexander Marrow, Kevin Liffey Organizations: Google, REUTERS, Rights, Inc, YouTube, Kremlin, Twitter, Facebook, Reuters, Thomson Locations: London, Britain, Russian, Moscow, Russia, Ukraine

But Russia's Accounts Chamber, which oversees budget execution, warned on Monday there were risks the Urals price would fall below $60 in 2024-2026. Russia's forecast sees economic growth of 2.3% in 2024, well above estimates of 1.1% from the International Monetary Fund and 0.5%-1.5% from the Bank of Russia. CHANGING TUNEAt Russia's flagship economic forum in St Petersburg in June, Siluanov said increasing expenditure was difficult, as budget spending had already increased by 1-1/2 times from 2019 to 2022. Now, even as the government outlines plans for spending to jump to 36.7 trillion roubles in 2024, he is more relaxed. Renaissance Capital's Donets and Melaschenko said Russia could create temporary taxes, permanently increase rates of VAT, or adjust Russia's budget rule to permit more spending of energy revenues.

Persons: Evgenia, Anton Tabakh, Vladimir Putin, Anton Siluanov, Denis Popov, Yevgeny Suvorov, Suvorov, Sofya Donets, Andrei Melaschenko, Dmitry Polevoy, Siluanov, Melaschenko, Alexei Sazanov, Sazanov, Konstantin Sonin, It's, Sumanta Sen, Mark Trevelyan, Alexander Marrow, Catherine Evans Organizations: U.S ., Russian, REUTERS, Washington, Finance, International Monetary Fund, Bank of Russia, Capital, Reuters Graphics Russia, University of Chicago, Thomson Locations: Moscow, Russia, Ukraine, West, St Petersburg

☆ Google's Russian subsidiary recognised as bankrupt by court -RIA
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Oct 18 (Reuters) - Google's Russian subsidiary has been recognised as bankrupt by a Moscow court, the RIA news agency reported on Wednesday, over a year after proceedings began. Alphabet Inc.'s (GOOGL.O) Russian unit filed for bankruptcy in summer 2022 after authorities seized its bank account, making it impossible to pay staff and vendors. Google's Russian subsidiary has been under pressure in Russia for failing to delete content Moscow deems illegal and for restricting access to some Russian media on YouTube. However, while the Kremlin has banned some platforms including Twitter and Facebook, it has so far stopped short of blocking access to Google's services. Reporting by Reuters; Writing by Alexander Marrow; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexander Marrow, Kevin Liffey Organizations: Google, Inc, YouTube, Kremlin, Twitter, Facebook, Reuters, Thomson Locations: MOSCOW, Russian, Moscow, Russia, Ukraine

☆ Russia fines Zoom $1.18 mln for operating without local office -RIA
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

The Zoom Video Communications logo is pictured at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsMOSCOW, Oct 17 (Reuters) - A Russian court on Tuesday fined Zoom Video Communications (ZM.O) 115 million roubles ($1.18 million) for operating without opening a local office, the RIA news agency reported. RIA cited judge Timur Vakhrameyev as saying the fine had been set at a 10th of Zoom's 2022 revenues in Russia. Zoom was fined 15 million roubles last week in what a court said was a repeated failure to store data that it held on Russian citizens on a server in Russia. Other companies, such as Alphabet's (GOOGL.O) Google and Apple (AAPL.O), have been fined heavily in Russia in the last few years.

Persons: Carlo Allegri, RIA, Timur Vakhrameyev, Zoom, Alexander Marrow, Kevin Liffey Organizations: NASDAQ, REUTERS, Rights, Video Communications, Google, Apple, Meta, Facebook, Reuters, Thomson Locations: New York , New York, U.S, Moscow, Russia, Ukraine

☆ Russian Strategic Bombers Patrol Over Sea of Japan - Defence Ministry
▼ + stars: | 2023-10-17 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - Russia's defence ministry on Tuesday said two Tu-95 strategic bombers had carried out a seven-hour flight over the Sea of Japan, accompanied by Su-35 fighter jets. "The flight was carried out in strict accordance with international rules for using airspace," Lieutenant General Sergei Kobylash, long-range aviation commander, said in a statement. "Long-range aviation pilots regularly carry out flights over the neutral waters of the Arctic, North Atlantic, Black and Baltic Seas, and Pacific Ocean," Kobylash said. (Reporting by Reuters; Writing by Alexander Marrow; Editing by Christina Fincher and Kevin Liffey)

Persons: Su, Sergei Kobylash, Kobylash, Alexander Marrow, Christina Fincher, Kevin Liffey Organizations: Reuters Locations: MOSCOW, Japan, North Atlantic, Baltic

☆ Putin and Orban reaffirm Russian-Hungarian ties amid international strains
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

[1/5] Russian President Vladimir Putin shakes hands with Hungarian Prime Minister Viktor Orban during a meeting ahead of the Belt and Road Forum in Beijing, China, October 17, 2023. Sputnik/Grigory Sysoyev/Pool via REUTERS Acquire Licensing RightsBEIJING, Oct 17 (Reuters) - Russian President Vladimir Putin and his closest ally among European Union leaders, Hungarian Prime Minister Viktor Orban, on Tuesday reaffirmed their commitment to bilateral ties amid international tensions over the war in Ukraine. The men met in the government guest house where Putin was staying before the start of an international forum on China's Belt and Road Initiative. One of these countries is Hungary,” Putin told Orban. In an emailed response to Reuters, Orban's press chief Bertalan Havasi said Orban and Putin had discussed gas and oil shipments and nuclear energy issues.

Persons: Vladimir Putin, Viktor Orban, Grigory Sysoyev, Orban, Putin, ” Putin, Bertalan Havasi, Havasi, Alexander Marrow, Kevin Liffey Organizations: Hungarian, Forum, Sputnik, REUTERS Acquire, Rights, European Union, Initiative, Kyiv, Reuters, Thomson Locations: Beijing, China, Rights BEIJING, Hungarian, Ukraine, Hungary, Russia, Brussels, Russian, Europe, Moscow, Budapest

☆ Putin says civilian losses from Israeli ground operation in Gaza would be 'unacceptable'
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

Russian President Vladimir Putin attends the Commonwealth of Independent States (CIS) leaders' summit in Bishkek, Kyrgyzstan, October 13, 2023. Sputnik/Pavel Bednyakov/Pool via REUTERS Acquire Licensing RightsBISHKEK, Oct 13 (Reuters) - Russian President Vladimir Putin on Friday said an Israeli ground operation in Gaza would result in a level of civilian casualties that would be "absolutely unacceptable". Putin said that using heavy weaponry in residential areas was "fraught with serious consequences for all sides". "And most importantly, the civilian casualties will be absolutely unacceptable. Reporting by Reuters; Writing by Alexander Marrow; Editing by Mark Trevelyan and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Pavel Bednyakov, Putin, Alexander Marrow, Mark Trevelyan, Christina Fincher Organizations: Commonwealth of Independent States, CIS, Sputnik, REUTERS Acquire, Rights, Hamas, Reuters, Thomson Locations: Bishkek, Kyrgyzstan, Rights BISHKEK, Israeli, Gaza, Gaza City

Navalny aides said lawyers Vadim Kobzev, Igor Sergunin and Alexei Liptser were being investigated on suspicion of belonging to an "extremist group". Later on Friday, a Moscow court remanded all three in investigative custody until Dec. 13, according to a statement posted by the court on Telegram. Navalny told the judge on learning of the investigations against his lawyers. REUTERS/Yulia Morozova/File Photo Acquire Licensing Rights"As in Soviet times, not only political activists and political prisoners but also their lawyers are being persecuted." Navalny aide Leonid Volkov posted on the X social media platform that the three lawyers faced up to six years in prison if found guilty of belonging to an extremist group, "just for being Navalny's lawyers".

Persons: Navalny Putin, Alexei Navalny, Navalny, Vadim Kobzev, Igor Sergunin, Alexei Liptser, Vladimir Putin, Kobzev, Yulia Morozova, Putin, Leonid Volkov, " Volkov, they’re, Volkov, Alexander Marrow, Maxim, Peter Graff, Diane Craft Organizations: IK, REUTERS, Kremlin, U.S . Central Intelligence Agency, Thomson Locations: Moscow, Russia, Vladimir Region, Basmanny, Germany, Siberia

☆ Putin: Civilian toll from Israeli ground attack in Gaza would be unacceptable
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

Russian President Vladimir Putin attends the Commonwealth of Independent States (CIS) leaders' summit in Bishkek, Kyrgyzstan, October 13, 2023. Sputnik/Pavel Bednyakov/Pool via REUTERS Acquire Licensing RightsBISHKEK, Oct 13 (Reuters) - Russian President Vladimir Putin said on Friday an Israeli ground offensive in Gaza would result in a level of civilian casualties that would be "absolutely unacceptable". "And most importantly, the civilian casualties will be absolutely unacceptable. Putin said, however, that Israel had the right to defend itself after being subjected to "an attack unprecedented in its cruelty". Reporting by Reuters; writing by Mark Trevelyan and Alexander Marrow; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Pavel Bednyakov, Putin, Mikhail Bogdanov, Mark Trevelyan, Alexander Marrow, Mark Heinrich Our Organizations: Commonwealth of Independent States, CIS, Sputnik, REUTERS Acquire, Rights, Hamas, Russian Foreign Ministry, Reuters, Thomson Locations: Bishkek, Kyrgyzstan, Rights BISHKEK, Gaza, Gaza City, Ukraine, Soviet Union, Israel, Russia, East Jerusalem, United States, East, Moscow, Lebanese, Lebanon

☆ Russian tech firm Astra raises $36 mln in Moscow IPO
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Russian share listings have been thin on the ground since Russia sent troops into Ukraine in February 2022, and are generally characterised by small volumes and dependent on Russian investors after an exodus of Western capital. Astra dominates Russia's operating system (OS) market with its Astra Linux software. Astra said it set the price at 333 roubles per share, corresponding to a market value of 69.9 billion roubles. "The IPO allowed us to launch a long-term motivation programme for our employees," CEO Ilya Sivtsev said in a statement. Trading under the ASTR ticker on the Moscow Exchange (MOEX.MM) should begin later on Friday.

Persons: Ilya Sivtsev, Gleb Stolyarov, Olga Popova, Alexander Marrow, David Evans, Sharon Singleton Organizations: Astra, Astra Linux, Astra Group, Moscow, Thomson Locations: Russia, Ukraine MOSCOW, Russian, Moscow, Ukraine

REUTERS/Maxim Shemetov/Illustration/File Photo Acquire Licensing RightsSummaryCompanies Russian rouble climbs to over 2-week high vs dollarMove comes after Putin reimposes currency controlsRouble had slumped to over 18-month low this weekAnalysts expect rouble to firm more in coming weeksOct 12 (Reuters) - Russia's rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the currency. The rouble collapsed to a record low in the weeks after Russia invaded Ukraine last year, before Moscow imposed similar capital controls that saw it recover to a seven-year high. Kogan warned, however, that by 2025-2026 businesses would form plans based on a rouble rate of 100-105. The central bank endorsed the measures, a shift in its stance, after it previously warned of the inefficiency of currency controls. "The rouble is even less tradable for foreign investors after Russia re-imposed some capital controls," Piotr Matys, senior FX analyst at In Touch Capital Markets.

Persons: Maxim Shemetov, Putin, Rouble, rouble, Vladimir Putin, Yevgeny Kogan, Kogan, Gref, Andrei Belousov, Piotr Matys, Dmitry Polevoy, Brent, Alexander Marrow, Amruta, Robert Birsel, Mark Potter, Varun, Alexander Smith Organizations: REUTERS, U.S, Russia's Higher, of Economics, TASS, Wednesday, Bank of Russia, FX, Touch, Thomson Locations: Moscow, Russia, Ukraine, outflows, Locko, Bangalore

☆ Putin Says Violence in Israel and Palestine Shows US Failure in Middle East
▼ + stars: | 2023-10-10 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russian President Vladimir Putin on Tuesday said the surge of violence between Israel and the Palestinians showed the failure of US policy, which he said had sought to monopolise negotiations while ignoring Palestinian interests. "I think that many people will agree with me that this is a vivid example of the failure of United States policy in the Middle East," Putin told visiting Iraqi Prime Minister Mohammed Shia Al-Sudani. Putin said the United States had sought to "monopolise" international efforts at forging peace in the region, and accused Washington of neglecting to seek compromises that would be acceptable to each side. The United States, Putin said, had ignored the interests of Palestinians, including the need for an independent Palestinian state. The Palestinians want a state in the West Bank and Gaza Strip with East Jerusalem as its capital - all territory captured by Israel in the 1967 war.

Persons: Vladimir Putin, Putin, Mohammed Shia Al, Sudani, Washington, Alexander Marrow, Mark Trevelyan Organizations: Iraqi, United States, West Bank, Reuters Locations: MOSCOW, Israel, States, United, United States, Gaza, East Jerusalem

An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 10 (Reuters) - The Russian rouble dived towards a more than an 18-month low on Tuesday before paring most losses in a volatile session, under pressure from domestic demand for foreign currency and a drop in oil prices. By 1034 GMT, the rouble was 0.3% weaker against the dollar at 99.63 . It had lost 0.8% to trade at 105.55 versus the euro and shed 0.4% against the yuan to 13.64 . "The bank may show a record profit of 1.5 trillion roubles for the year."

Persons: Maxim Shemetov, Sber, Yevgeny Kogan, Alexander Marrow, Ed Osmond, Gareth Jones Organizations: REUTERS, Bank of Russia, Russia's Higher, of Economics, Thomson Locations: Moscow, Russia, Russian, Brent

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