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☆ Rouble tumbles to near eight-month low vs dollar
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

By 0740 GMT, the rouble was down 1.8% against the dollar at 72.25 , earlier hitting 72.3075, its weakest mark since April 29. It also lost 1.6% to trade at 76.82 versus the euro , also a near eight-month low, and shed 2% against the yuan to a near seven-month low of 10.28 . The rouble is continuing its "unrestrained fall", said Veles Capital analysts. Brent crude oil , a global benchmark for Russia's main export, was up 0.3% at $82.4 a barrel. For Russian equities guide seeFor Russian treasury bonds see($1 = 72.0000 roubles)Reporting by Alexander Marrow; Editing by Tom Hogue and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. Sanctions Russia’s Rosbank, Subsidiaries of VTB
▼ + stars: | 2022-12-15 | by ( David Smagalla | ) www.wsj.com time to read: +3 min

The U.S. government has sanctioned Russian lender Rosbank and has expanded sanctions against VTB, one of the country’s largest banks, in a move to further limit the Russian government’s efforts to fund its war in Ukraine. The Treasury Department’s Office of Foreign Assets Control on Thursday announced sanctions against 17 subsidiaries of VTB, building on sanctions placed on the parent company in February, after Russia invaded Ukraine. The Treasury cited the importance of Rosbank to the Russian government, given that the lender is considered a “systemically important credit institution” in the country. The U.S. sanctions follow similar sanctions of Rosbank by the U.K. and Canada earlier this year. Nornickel wasn’t included in the State Department’s sanctions package.

☆ Russian state-owned bank VTB hit by largest DDoS attack in its history
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 6 (Reuters) - Russia's No. 2 bank VTB (VTBR.MM) was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe. "The bank's technological infrastructure is under an unprecedented cyber attack from abroad," VTB said in a statement. VTB said the majority of attacks had come from abroad, but that it was particularly concerned by traffic from Russian IP addresses. It said it would hand over all identified Russian IP addresses to law enforcement.

[1/2] Chinese Yuan and U.S. dollar banknotes are seen behind illuminated stock graph in this illustration taken February 10, 2020. His contract manufacturing business with Russia has been small in the past, but now he's preparing to invest in warehousing there. He sees a win-win situation in Chinese exporters reducing their currency risks and payment becoming more convenient for Russian buyers. The U.S. Treasury declined to comment on the yuan's growing presence in Russia. ($1 = 7.2074 Chinese yuan renminbi)Editing by Vidya Ranganathan and Pravin CharOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's Sberbank files lawsuits over restrictions on European units
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies This content was produced in Russia, where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 21 (Reuters) - Russia's largest lender, Sberbank (SBER.MM), has filed lawsuits challenging decisions by the European Commission and Single Resolution Board (SRB) to impose restrictions over some of its European operations. Sberbank Europe AG, based in Vienna, was closed in March by order of the European Central Bank (ECB), which cited the risk of imminent failure resulting from the bank's economic difficulties and the potential for a run on deposits after Russia sent tens of thousands of troops into Ukraine. The SRB, which was set up to limit the cost to taxpayers from failing banks, on March 1 adopted resolution schemes with respect to Sberbank Europe's subsidiaries in Croatia and Slovenia, ruling that shares be transferred to a buyer, citing risks to the financial stability of the two countries. Sberbank did not immediately respond to a request for comment on the lawsuits, which were brought on Aug. 22, filings published by the European Union showed on Monday. Reporting by Elena Fabrichnaya and Alexander Marrow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Maja Smiejkowska/File PhotoCommodity trade finance covers many types of loans, typically from banks, that facilitate global movement of goods from wheat to gasoline. Most trade finance loans are short-term, less than a year. Traders’ credit lines became strained last year when natural gas prices sky-rocketed in the fourth quarter. ‘DESIRE TO DIVERSIFY’Lending for commodity trade finance has become more diverse, with non-bank financial institutions (NBFI) stepping in. The underlying issue was the retreat of major banks from commodity financing after some 2020 defaults in the sector while Russian banks Sberbank and Gazprombank that were set to expand have now been shut out of Europe.

☆ Russian blue chips tank after people killed in Poland near Ukraine border
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

[1/3] Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/IllustrationNov 15 (Reuters) - Shares of Russian blue chips including Gazprom (GAZP.MM), Rosneft (ROSN.MM), Sberbank (SBER.MM), Polyus (PLZL.MM) and Nornickel (GMKN.MM) were down by down 2-3.8% in late trade in Moscow. Two people were killed in an explosion in Przewodow, a village in eastern Poland near the border with Ukraine, firefighters said on Tuesday. Russian defense ministry said no strikes near Ukrainian-Polish border were conducted by Russian weapons. Reporting by Reuters; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Commodity trade finance covers many types of loans, typically from banks, that facilitate global movement of goods from wheat to gasoline. Most trade finance loans are short-term, less than a year. The involvement of hedge funds in commodity trade finance has created a lifeline for smaller firms, deemed to be higher risk for banks due to strict capital requirements and clean energy goals. 'DESIRE TO DIVERSIFY'Lending for commodity trade finance has become more diverse, with non-bank financial institutions (NBFI) stepping in. The Swiss firm specialises in financing small to mid-sized commodity merchants and has achieved returns between 6% to 10% over the last 10 years.

☆ U.S. to allow some Russian energy-related transactions until next May
▼ + stars: | 2022-11-10 | by ( Simon Jessop | ) www.reuters.com time to read: 1 min

WASHINGTON, Nov 10 (Reuters) - The United States will allow some energy-related transactions with several Russian entities including Sberbank (SBER.MM), VTB Bank (VTBR.MM) and Alfa-Bank to continue through May 14, the Treasury Department said on Thursday. Treasury said in a notice on its website that it was extending a general license that was set to expire next month. Russia's central bank is also on the list of entities. The move comes weeks before the Group of Seven's Dec. 5 price cap on Russian oil is set to take effect. Reporting by Costas Pitas and Daphne Psaledakis; Editing by Eric BeechOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's Sberbank makes over 50 bln rbls profit in 10-months
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

Russian financial authorities have managed to stabilise the situation - yet restrictions, including capital controls, remain and partial mobilisation led to cash outflows from retail accounts in September and October. Sberbank shares were trading at 5.6% and VTB shares were up 3.1% at 1136 GMT, respectively. Sberbank's results "are good news allowing us to expect strong financial results in the remaining months and to hope for a dividend payout return," Promsvyazbank analysts said in a note. Dividends from Sberbank and VTB are an important source of budget revenues. Sberbank sees no restrictions on dividend payments in the coming years while VTB would use the bulk of its profit to beef-up the capital, their CEOs have said.

☆ Sberbank 10-month net profit tops 50 bln roubles under RAS, CEO says
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

Nov 10 (Reuters) - Russia's largest lender Sberbank's (SBER.MM) net profit for the first ten months of the year exceeded 50 billion roubles ($811.7 million) under Russian accounting standards, its chief executive said on Thursday. The company also said it would return to publishing results on a monthly basis. Reporting by Elena Fabrichnaya; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's Sberbank sues Glencore for $116 mln over oil supplies
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Russia's largest lender Sberbank in Moscow, Russia, December 24, 2020. The database showed Sberbank was seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements, worth roughly 58 million euros each. One related to oil blend supplies to the border of Ukraine and Hungary in March, and the other to supplies to the border of Ukraine and Slovakia in the same month. Russia sent its troops into Ukraine on Feb. 24 for what it calls a "special military operation". ($1 = 1.0073 euros)Reporting by Oksana Kobzeva Writing by Vladimir Soldatkin Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Croatia's Fortenova says it was not notified of Sberbank's stake sale - media
▼ + stars: | 2022-11-03 | by ( David French | ) www.reuters.com time to read: 1 min

SARAJEVO, Nov 3 (Reuters) - Croatian food producer and retailer Fortenova Grupa said it had not been officially notified of a deal that Russian state bank Sberbank Rossii PAO (SBER.MM) reached to sell its 43% stake in the company, local media reported on Thursday. In a brief statement on Wednesday, Sberbank said the stake had been bought by Saif Bin Markhan Alketbi, an investor from the United Arab Emirates. Reporting by Daria Sito-Sucic; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's Sberbank says it has sold its 43% stake in Croatia's Fortenova
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: 1 min

Nov 2 (Reuters) - Russian state bank Sberbank Rossii PAO (SBER.MM) said on Wednesday that it had sold its 43% stake in Croatian food producer and retailer Fortenova Grupa but did not give a reason. In a brief statement, Sberbank said the stake had been bought by Saif Bin Markhan Alketbi, an investor from the United Arab Emirates. Reporting by David Ljunggren; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Top Russian lender Sberbank expands financial terminal capabilities
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

As Western businesses have left the market, Russian businesses have sought to pick up the pieces, finding ways to replace departing firms. London Stock Exchange Group's (LSEG.L) data platform Refinitiv and rival Bloomberg suspended their services, including financial products. Sberbank said its platform now included analytical and research materials, as well as daily trading overviews in commodities, funding and FX. Thomson Reuters (TRI.TO), the parent of Reuters News, holds a minority stake in the LSE after the exchange bought Refinitiv from it. Sberbank's platform, previously known as Sberbank Markets, has been used by 5,000 corporate clients, Sberbank said.

☆ Russia's VTB Bank opens 'vostro' account at Indian branch
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Oct 26 (Reuters) - Russia's No.2 lender VTB (VTBR.MM) on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India. It follows a similar move by Russia's dominant lender Sberbank (SBER.MM), which on Monday said it was offering clients "vostro" accounts in rupees, aiming to facilitate clients in carrying out rupee-denominated trade transactions which are increasing due to western sanctions. Both state-run banks have obtained permission to open vostro accounts - which a local correspondent bank holds on behalf of a foreign bank - from the Reserve Bank of India (RBI), which earlier this year to put in place a mechanism to facilitate international trade in rupees. The measure was seen as aiding business ties with Russia in case of more stringent Western sanctions against Moscow. Reporting by Alexander Marrow; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

"SAP is fully committed to winding down our business in Russia as quickly as possible," a SAP spokesperson said. Russia's parliament has been discussing draft legislation that would allow Moscow to seize Western companies' assets and possibly prosecute executives involved in implementing sanctions against Russia. While Gazprom and Sberbank were hit by Western sanctions, Nornickel was not. The SAP case sheds light on the complications Western companies face leaving Russia. While some departing companies have fired local staff, SAP gave them the option to relocate from Russia.

"The mobilisation declaration and the strengthening of geopolitical and sanctions risk are launching the second wave of the economic crisis," said Evgeny Suvorov, an economist at CentroCreditBank, expecting Russia's economic contraction to worsen in the final months of the year. But there was no acknowledgement of any link to his sudden partial mobilisation announcement on Sept. 21. The central bank on Tuesday said economic activity in Russia slowed significantly at the end of September. "The main consequence of mobilisation is the loss of human capital," said veteran economist Natalya Zubarevich. "It was possible to count exclusively on human capital to pull the economy through, but now a part of this human capital of productive age is subject to mobilisation and another part is leaving," Polevoy said.

☆ Russia demands Apple explain VK removal from App Store
▼ + stars: | 2022-09-28 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

SummarySummary Companies This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Sept 28 (Reuters) - Russia's communications regulator on Wednesday demanded an explanation from Apple (AAPL.O) after applications operated by the Russian state-controlled tech firm VK (VKCOq.L) were removed from the U.S. firm's App Store. VK runs Vkontakte, which with over 75 million monthly users is Russia's largest social network, often compared to Facebook. Register now for FREE unlimited access to Reuters.com RegisterRoskomnadzor said Apple's actions had deprived millions of Russians of access to VK apps and demanded that it explain its decision. Regardless of location, the apps cannot be downloaded from any App store, said Apple, which terminated the developer accounts associated with the apps to comply with UK sanctions.

☆ UK sanctions Russians linked to 'sham' referendums in Ukraine
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Ukrainian Presidential Press Service/Handout via REUTERSLONDON, Sept 26 (Reuters) - Britain on Monday announced a new package of sanctions linked to what it described as Moscow's "sham" referendums on four regions of eastern Ukraine joining Russia. Citizens in four regions of Ukraine were voting for a fourth day on Monday in Moscow-organised referendums, a plan Kyiv and the West have branded a sham. "Today's sanctions will target those behind these sham votes, as well as the individuals that continue to prop up the Russian regime's war of aggression." Britain said those sanctioned included 55 board members and directors from organisations the government said "continue to bankroll the Russian war machine". Register now for FREE unlimited access to Reuters.com RegisterReporting by Kylie MacLellan and William James; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

read more"This is a premeditated attack," Biden told reporters at the White House. Biden said the sanctions were designed to have a long-term impact on Russia and to minimize the impact on the United States and its allies. [1/2] U.S. President Joe Biden provides an update on Russia and Ukraine during remarks in the East Room of the White House in Washington, U.S., February 22, 2022. read moreHis announcement represented the second major tranche of sanctions against Russia since Putin earlier this week declared two breakaway regions of Ukraine independent and sent troops there. The White House has warned Americans that the conflict could lead to higher fuel prices in the United States, though it is taking measures to help soften that blow.

☆ Consiliul Concurenţei a pus punct speculaţiilor privind activitatea companiei "Casa Media Corp" SRL
▼ + stars: | 2021-05-13 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Consiliul Concurenţei a pus punct speculaţiilor privind activitatea companiei "Casa Media Corp" SRL, una dintre cele mai importante regii de vânzări a publicităţii TV în Moldova. Plenul instituției a constatat că această companie a fost discreditată cu informaţii false de către "TV Comunicaţii Grup" SRL, deţinătorul licenţei "RTR Moldova", care este o televiziune controlată direct de Moscova.Plenul Consiliului Concurenţei a constata că "TV Comunicaţii Grup" SRL a încălcat articolul 15 al Legii Concurenţei, care interzice discreditarea concurenţilor, defăimarea şi punerea în pericol a reputaţiei sau credibilității acestora. Mai exact, instituţia a stabilit că această companie care deţine licenţa televiziunii "RTR Moldova" a răspândit afirmaţii false despre activitatea şi produsele concurentului său "Casa Media Corp" SRL, căruia i-au fost aduse prejudicii.Constatările vin după ce, în 2018, "Casa Media Corp" SRL a reclamat că "TV Comunicaţii Grup" SRL răspândeşte informaţii false despre relaţiile dintre "Casa Media Corp" SRL şi beneficiarii de publicitate sau agenţiile de publicitate, iar prin aceasta manifestă concurenţă neloială cu scopul de a deturna clienţii.Autoritatea anticoncurenţială a stabilit că "TV Comunicaţii Grup" SRL a răspândit falsuri despre aşa-zisa "înţelegere de cartel" dintre întreprinderile "Casa Media Corp" SRL şi "Exclusiv Sales House" SRL, aşa cum, în cadrul investigaţiei, nu a fost probat comportamentul coordonat al acestor întreprinderi. De notat că "TV Comunicaţii Grup" SRL este parte a unui grup organizat de întreprinderi cu interese dubioase în audiovizualul moldovenesc, care parazitează spaţiul media din ţara noastră cu retransmisiuni. Potrivit mold-street.com, 50 la sută din acţiunile companiei "TV Comunicaţii Grup" SRL aparţin companiei "Rosmediakom", care este partenerul necomercial pentru proiectele media şi comunicaţiilor în masă din Federaţia Rusă.

Persons: anticoncurenţială Organizations: Concurenţei, Sales, Audiovizualului, ITV Locations: Moldova, Moscova, rus, Rusă, Rusia, VGTRK

☆ Hidden Monopoly, Offshore Money and a Clash of Interests in the Giurgiulești Port
▼ + stars: | 2020-03-02 | by ( Nemerenco Daniela | ) www.zdg.md time to read: +29 min

ZdG debunked the hidden monopoly, an offshore company, and business interests, including those of a deputy of Moldova’s Parliament, in the Giurgiulești Passengers and Goods Port, operated by the Ungheni River Port. The State Enterprise Ungheni River Port operates the Giurgiulești Passengers and Goods Port. Any attempts by other economic agents to obtain the status of port agency in the state-controlled port failed. How the state enterprise explains the monopoly in the port We went to the Ungheni company headquarters to discuss with the administration of the Ungheni River Port. A conversation between the tugboat owner and the Ungheni River Port administration The tugboat stations within the state-owned port since June 2018.

Persons: ZdG, ”, Moldova’s, Molincom, Medvedev, Daniil Șevcenco, “, didn’t, Vladimir Medvedev, Gheorghe Țurcanu, Veaceslav Ioniță, Igor Macari, Denis Dobrioglo, Leonid Karagheaur, Sergei Raevski, Țurcanu, Pîrlog, Ruslan Baciu, Iurie, Marcelian Pîrlog, Anatolie Balan, Alexandru Maximov, Condaline, Marcelian, Nicolae Dimitrachi, Translogist Sistem, Baciu, Translogist, Sergiu Gheceanu, ” ZdG, Marina Polasek, Reni, ” Medvedev, Anatolie, ” Vladimir Medvedev, Ion Chicu, Anatol Usatîi, Ludmila Guzun, Anatolie Labuneț, Igor Zaharia, Labuneț, Carolina Lipskaia, Oleg Lipskii’s, Evghenii Labuneț, Veaceslav Macaidenco, ” Labuneț, Zaharia, Mr Medvedev, Chicu, “ Mr Medvedev, slandering, Preluarea, maximă, trebuie, Instituțiile, Materialele, inclusiv Organizations: Goods, National Anticorruption Center, Port, Moldova’s Government, Logistics, State Enterprise, Naval Agency, Customs Service, Mr, Agro Factor, United Arab, UAE, Agro, United, Public Property Agency, ILM Logistic, Port Agency Service, Register, DB Translogist, Translogist, Ministry, Socialist, Security and Intelligence Service, Economy, Infrastructure, Democratic Party, Medvedev, Moldova’s Socialist Party, “, Navigation Company, Marine Engineering, Socialist Party, Anticorruption Center, Naval Agency of, National Anticorruption, Naval, Moldova’s Naval Agency, Jurnalistului din Republica Moldova Locations: Port, “, Dubai, United Arab Emirates, Russian, Zurich, Switzerland, Moldova, United Kingdom, Chișinău, Moldova’s, Consideea, Ciocana, Translogist, Condaline, Ungheni, Canada, PPMG, Naval Agency of Moldova, Jurnalistului din

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