MOSCOW (Reuters) – Russian stock market lobby NAUFOR asked the finance ministry on Wednesday to buy out the state debt, primary sovereign Eurobonds, from the market, it said in a statement. NAUFOR also suggested investing up to 10% of the state pension fund’s assets in shares of Russian companies. (Reporting by Moscow Newsroom)
(Reuters) -The UK government has launched an urgent review into how to reduce Britain’s exposure to Russian gas imports and energy companies following the Ukraine’s invasion, the Financial Times reported https://www.ft.com/content/41620abc-2a5d-401a-bae0-24652169b5c2 on Tuesday citing people familiar with the matter. Business secretary Kwasi Kwarteng met the heads of some of Britain’s biggest energy groups on Friday …
UK starts urgent review of exposure to Russian gas and energy groups -FT Read More »
By Ron Bousso, Julia Payne and Dmitry Zhdannikov LONDON (Reuters) – Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed on Moscow over the war in Ukraine. Numerous nations imposed sweeping sanctions against Russian …
Russian oil trade in disarray over sanctions as prices blast through $100/bbl Read More »
By David Lawder WASHINGTON (Reuters) -The World Bank is pushing for “fast-track” approval of an additional $350 million loan for Ukraine within days, to provide emergency cash for its efforts to defend against Russia’s invasion, people familiar with the plans said. The expansion of an existing loan would provide “budget support” to Ukraine, leaving no …
Exclusive-World Bank pushes for $350 million Ukraine loan approval within days -sources Read More »
By Kate Holton and Nick Carey LONDON (Reuters) -British luxury carmakers Jaguar Land Rover (JLR) and Aston Martin on Tuesday paused vehicle shipments to Russia, as sanctions over the war in Ukraine had created growing trading obstacles for the car industry. “The current global context also presents us with trading challenges so we are pausing …
Jaguar, Aston Martin pause Russian deliveries over sanctions Read More »
PRAGUE (Reuters) -Inflation in the Czech economy will accelerate, mainly due to the impact of the Ukraine crisis on energy prices, and it could go above 11%, Czech National Bank board member Tomas Holub said. Therefore it is important to preserve the public’s belief that inflation will return to the central bank’s 2% target, Holub …
Czech central banker: Inflation will accelerate due to Ukraine crisis Read More »
By William Schomberg and David Milliken LONDON (Reuters) -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is too soon to determine the impact on monetary policy. A higher peak for inflation – which the BoE has already forecast will exceed 7% …
BoE’s Saunders says Ukraine impact on rate decisions unclear Read More »
MOSCOW (Reuters) – Deals with securities or real estate, or provision of rouble loans involving entities from countries unfriendly to Russia will require special authorisation from March 2, the Kremlin said in a statement on Tuesday. The authorisation for deals with Russian residents will be needed from Russia’s government commission in charge of foreign investment, …
Entities from ‘unfriendly countries’ will need Russia’s permission for certain deals Read More »
ZURICH (Reuters) -Austrian energy group OMV has scrapped plans to take a stake in a Gazprom gas field project and is reviewing its role in the Nord Stream 2 gas pipeline, it said on Tuesday. The move comes as several Western companies look to exit Russia as Western sanctions tighten the screws on Moscow over …
OMV calls off talks with Gazprom on gas field, reviews Nord Stream 2 role Read More »
By Clara Denina LONDON (Reuters) -Miner and trader Glencore said on Tuesday it is reviewing all its business activities in Russia including equity stakes in aluminium and hydropower group En+ Group <ENPLq.L> and oil giant Rosneft. The London-listed miner has a 10.5% stake in EN+, is majority owner of aluminium producer Rusal , and has …
Glencore reviews equity stakes in Russian companies En+ and Rosneft Read More »
