Russia’s Stabilization Fund, set up to accrue windfall oil revenues, rose 4% in May, reaching 3.026 trillion rubles ($117 billion) June 1, the Finance Ministry said Thursday.
Popularity: 1% [?]
June 1, 2007VTB Group, Russia’s second-biggest bank, raised $8 billion in the world’s largest initial public offering this year, as investors seek to benefit from a lending boom in the former Soviet republic, Bloomberg reported on May 11.
Popularity: 2% [?]
May 11, 2007A local court sentenced two top Russian officials, from the Ministry of Finance and the Central Bank, to eight to ten years in prison for accepting a million dollar bribe, Russian news agencies reported
Popularity: 3% [?]
April 24, 2007Czech police have detained internationally wanted Russian banker Ilya Stashevski in the refugee centre in Vysni Lhoty, local judge Cestmir Duda told CTK Czech News Agency today.
Popularity: 2% [?]
April 20, 2007A deputy Russian foreign minister has blamed the failure of the sixth round of talks on the North Korean nuclear problem on the U.S. position.
Popularity: 2% [?]
March 23, 2007Barclays is re-opening its retail banking operation in Russia.
Popularity: 1% [?]
March 5, 2007Mizuho Corporate Bank said Monday it has established a representative office in Moscow in a bid to strengthen its business in emerging markets, MarketWatch reported.
Popularity: 1% [?]
Gazprom, the majority shareholder in the Sakhalin-2 gas project in Russia’s Far East, will ask for a loan from the European Bank for Reconstruction and Development (EBRD) to finance the project, according to reports in the Russian press.
Popularity: 1% [?]
February 28, 2007A total of $3.5 billion will be spent in support of the export of Russian products, while the state Development Bank will begin to work in the second half of the year.
Popularity: 1% [?]
Sberbank, Russia’s state savings bank, raised about 230 billion rubles ($8.8 billion) selling new shares in the country’s second-biggest stock sale ever, the Finance Ministry said.
Popularity: 1% [?]
February 22, 2007
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