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Putin Praises Modi’s India-First Policy and Make in India Initiative
1 month ago

Putin Praises Modi’s India-First Policy and Make in India Initiative

Deccan Chronicle  

New Delhi: President Vladimir Putin praised Prime Minister Narendra Modi’s India-first policy and the Make in India initiative at the 15th VTB Russia Calling Investment Forum. President Putin drew parallels between Russia's import substitution program and India's Make in India initiative, expressing Russia's willingness to establish manufacturing operations in India. President Putin also highlighted the significance of Russia's import substitution …

India Russia Brics Putin Russian Modi President Putin
Former Mozambique finance minister on trial in US over ‘tuna bond’ scandal that spurred debt crisis
5 months, 3 weeks ago

Former Mozambique finance minister on trial in US over ‘tuna bond’ scandal that spurred debt crisis

Associated Press  

NEW YORK — The “ tuna bond ” scandal that shook Mozambique’s economy is washing into a U.S. court, where a former Mozambican finance minister is being tried on charges that he took bribes to commit his country — secretly — to huge loans that prosecutors say got looted. When the loans — supposed to go in part to tuna …

Money Loans Mozambique Million Ford Chang Mozambican
Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis
5 months, 3 weeks ago

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The “ tuna bond ” …

Money Loans Mozambique Million Ford Sign Chang
US to impose more than 500 new sanctions on Russia as war with Ukraine enters third year
10 months, 2 weeks ago

US to impose more than 500 new sanctions on Russia as war with Ukraine enters third year

New Indian Express  

Kostin, the longtime president of state-owned VTB Bank, is charged with engaging in a scheme to evade sanctions and launder money to support two superyachts. Michael Khoo, a co-director of the department's Task Force KleptoCapture, said on a call with reporters that the announcement was meant to send a message to Russian President Vladimir Putin that "we're not going away" …

Russia
Russia says it has billions of Indian rupees that it can’t use
1 year, 8 months ago

Russia says it has billions of Indian rupees that it can’t use

Live Mint  

Russia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov said Friday, pointing to a ballooning trade surplus with the South Asian nation. But for this, these rupees must be transferred in another currency, and this is being discussed now.” India’s total exports to Russia shrunk 11.6% to $2.8 billion in the first …

India Trade Russia Indian Billion Russian Rupees
Two Russian Banks open special vostro account in Delhi for overseas rupee trade
2 years, 2 months ago

Two Russian Banks open special vostro account in Delhi for overseas rupee trade

Live Mint  

In order to facilitate overseas trade in rupee, Two Russian banks, Sberbank and VTB Bank have opened a special vostro account in their respective branches in Delhi, news agency PTI has reported citing sources. These banks have opened special vostro account in their respective branches in Delhi, sources have said. Earlier last month, UCO Bank received RBI's approval of opening …

India Delhi Trade Russia Bank Open Russian
Russian banks open special vostro accounts for foreign trade in rupee following RBI approval
2 years, 2 months ago

Russian banks open special vostro accounts for foreign trade in rupee following RBI approval

India TV News  

Highlights Russia's Sberbank and VTB Bank got approval from RBI to facilitate foreign trade in rupee Both the Russian banks opened special vostro accounts in each of their Delhi branches The RBI is keen to promote cross-border trade in rupee Russian banks: After getting a nod from the Reserve Bank of India, at least two Russian banks have opened special …

India Russia Indian Bank Foreign Trade Russian Rbi
Vladimir Putin's rumoured girlfriend Alina Kabaeva was off-limits for Western sanctions. Until now
2 years, 7 months ago

Vladimir Putin's rumoured girlfriend Alina Kabaeva was off-limits for Western sanctions. Until now

ABC  

She was once considered almost untouchable, and her long-rumoured relationship with Vladimir Putin never confirmed. But after the UK imposed sanctions on former Olympic gymnast Alina Kabaeva earlier this month, the strict secrecy surrounding the Russian President's private life has begun to unravel. The secret life of Vladimir Putin Photo shows Vladimir Putin looking solemn while surrounded by young female …

Media Ukraine Life Sanctions West Olympic Western
How rupee-ruble trade mechanism is shaping up
2 years, 9 months ago

How rupee-ruble trade mechanism is shaping up

Business Standard  

Earlier in March, Business Standard had reported that the government was looking at allowing India-Russia trade in local currencies. Last week, the Reserve Bank of India reportedly met with officials from three Russian financial institutions to discuss possible payment mechanisms that would enable trade between the two countries. The idea calls for deeper engagement by Russian banks that have a …

India Trade Indian Bank Chinese Mechanism Russian
London Stock Exchange suspends trading in eight more Russian firms
2 years, 10 months ago

London Stock Exchange suspends trading in eight more Russian firms

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The London Stock Exchange has suspended trading in eight more …

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How Russia’s invasion of Ukraine changed the global economy in a week
2 years, 10 months ago

How Russia’s invasion of Ukraine changed the global economy in a week

CNN  

London CNN Business — A week of war in Ukraine has rocked the global economy, as quick-fire Western sanctions isolated Russia, collapsed its currency and financial assets and sent energy and food prices soaring. Now, a barrage of sanctions have made Russia’s biggest banks radioactive, traders are shunning barrels of Urals crude oil, and Western companies are fleeing the country …

Economy Europe Ukraine Russia Financial Economic Russian
With sanctions, Russian Sberbank faces ‘failure’ in Europe
2 years, 10 months ago

With sanctions, Russian Sberbank faces ‘failure’ in Europe

Associated Press  

BELGRADE, Serbia — Faced with a rush of people withdrawing money, Sberbank and the Russian bank’s subsidiaries in southeastern and central Europe are facing closures or takeovers following international sanctions imposed on Moscow for its invasion of Ukraine. The European Central Bank said Monday that Vienna-based Sberbank Europe AG and its branches in Slovenia and Croatia are failing or likely …

Europe Ukraine Russia Bank Central Russian Bosnia
Column: How Western sanctions may demolish Putin’s ‘Fortress Russia’
2 years, 10 months ago

Column: How Western sanctions may demolish Putin’s ‘Fortress Russia’

LA Times  

For years, Vladimir Putin worked assiduously to strengthen what was known as “Fortress Russia,” reducing its government debt and building up its reserves of gold and foreign currency as a bulwark against political and economic challenges. — Robert Person, U.S. Military Academy Russia holds roughly an additional $132 billion in gold domestically, but monetizing that hoard will be extremely difficult …

International China Ukraine Financial Bank West Chinese
Meet the Russians Australia is sanctioning following Moscow's invasion of Ukraine
2 years, 10 months ago

Meet the Russians Australia is sanctioning following Moscow's invasion of Ukraine

ABC  

In the wake of Moscow's invasion of Ukraine, the Australian government has stepped up its sanctions against Russia, including a number of businesspeople with close ties to President Vladimir Putin. Denis Aleksandrovich Bortnikov Denis Bortnikov is the deputy president and board chairman of Russia's state-owned VTB Bank. How Western sanctions are targeting Russia Photo shows A guard in black uniform …

Ukraine Russia Director Sanctions Bank President Putin
Formula One cancels 2022 Russian Grand Prix considering the situation in Ukraine
2 years, 10 months ago

Formula One cancels 2022 Russian Grand Prix considering the situation in Ukraine

The Hindu  

Formula One on Friday said it will not race in Russia this season, saying it was "impossible" to do so after the country launched an invasion on neighbouring Ukraine. Four-times world champion Sebastian Vettel told a news conference that he would not take part in the Russian Grand Prix if it went ahead. The cancellation of the Russian race brings …

Ukraine Formula One Race Russian Russian Grand Prix
The U.S. sanctions Russian President Vladimir Putin
2 years, 10 months ago

The U.S. sanctions Russian President Vladimir Putin

NPR  

The U.S. sanctions Russian President Vladimir Putin Enlarge this image toggle caption Alexei Nikolsky/AP Alexei Nikolsky/AP The United States has sanctioned Russian President Vladimir Putin and Foreign Minister Sergey Lavrov for Russia's invasion of Ukraine. Also Friday the Biden administration requested, according to congressional and administration sources, $6.4 billion in funding to address the invasion of Ukraine, though sources caution …

Ukraine Sanctions Biden President Russian Vladimir Putin
Biden announces new sanctions as Russia attacks Ukraine
2 years, 10 months ago

Biden announces new sanctions as Russia attacks Ukraine

NPR  

Biden announces new sanctions as Russia attacks Ukraine Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images President Biden issued a new round of economic sanctions Thursday meant to punish Russian President Vladimir Putin for attacking Ukraine. Biden said the actions will hamper Russia's ability to do business "in dollars, pounds, euros and yen." Biden said Putin "will …

Ukraine Russia Financial Putin Russian New Sanctions Sanctions Biden
Banker held for alleged insider trading avoids case after deleting WhatsApp messages
4 years, 3 months ago

Banker held for alleged insider trading avoids case after deleting WhatsApp messages

India Today  

Konstantin Vishnyak, a former VTB Capital Plc banker, deleted his WhatsApp messages and reportedly got away with alleged insider trading. The messages reportedly contained Vishnyak’s correspondence with Andrei Lugovoi, a politician who is wanted by British cops for the poisoning of former Russian security officer Alexander Litvinenko, who was given a fatal dose of radioactive polonium in his tea in …

British Trading Whatsapp Fca Insider Banker Vishnyak
DYM vs ZEN Dream11 Team Prediction Russian Premier League, Dynamo Moscow vs Zenit Playing XI, Football Fantasy Tips
4 years, 4 months ago

DYM vs ZEN Dream11 Team Prediction Russian Premier League, Dynamo Moscow vs Zenit Playing XI, Football Fantasy Tips

News 18  

Dynamo Moscow will welcome league leaders Zenit in their next scheduled fixture in the Russian Premier League. The Russian Premier League, Dynamo Moscow vs Zenit will be held on Wednesday August 26 at the VTB Arena. Zenit, on the other hand, have been on the winning side of all four matches they have played till now. Russian Premier League, Dynamo …

Prediction Premier Russian Moscow League Dream Zen
Supreme Court halts ArcelorMittal payment to lenders to buy Essar Steel; Mittal's foray into Indian market delayed
5 years, 8 months ago

Supreme Court halts ArcelorMittal payment to lenders to buy Essar Steel; Mittal's foray into Indian market delayed

Firstpost  

India’s bankruptcy court had approved ArcelorMittal’s $6 billion-bid for debt-ridden Essar on 8 March, potentially ending months of court battles and opening the sector to outsiders. New Delhi: The Supreme Court on Friday ordered ArcelorMittal SA to stop a payment to lenders to buy Essar Steel, a lawyer involved in the case said, delaying billionaire Lakshmi Mittal’s entry into the …

India Supreme Court Court Steel Mittal 8 March Essar
Security analyst: Russia "collected receipts" to blackmail Trump before he even won a primary
5 years, 11 months ago

Security analyst: Russia "collected receipts" to blackmail Trump before he even won a primary

Salon  

On Friday, the fallout continued from a report alleging President Donald Trump instructed his personal lawyer Michael Cohen to lie to Congress about when the Trump Tower Moscow deal concluded. As Michael Cohen negotiated the Trump Tower deal on behalf of then-candidate Trump in January of 2016, he spoke with someone in Dmitry Peskov’s office — Vladimir Putin’s press secretary …

Russia Trump Putin Gru Peskov Cohen Trump Tower
Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banks
6 years ago

Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banks

Firstpost  

Essar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank. New Delhi: Essar Global Fund Ltd, the holding company of Essar Group, Monday said it has repaid all its overseas debt after it paid back the last tranche of Rs 12,000 crore to its various Indian and foreign lenders. Over the past …

Global Russia Indian Bank Debt Crore Icici Bank
Canada caught in the middle of US-China spat over Huawei executive
6 years ago

Canada caught in the middle of US-China spat over Huawei executive

CNN  

Ottawa CNN — The Chinese government is pushing Canada to release Meng Wanzhou, the Huawei chief financial officer detained for violating US sanctions on Iran, as Ottawa braces for relations with Beijing to worsen and urges President Donald Trump not to politicize the situation. ‘Mistakes’ “The Chinese side strongly urges Canada to immediately rectify its mistakes, and release the detained …

China Trade Canada Trump Huawei Cnn Chinese