Tag Archives: Russian economy

The Russian Kremlin said that its country could default on its debt performance in theory, but this would be an artificial situation after the Ministry of Finance decided to make payments on sovereign Eurobonds in Russian rubles. The Kremlin spokesman said there are no real reasons for default, adding that …

European stocks started the second quarter of the year on a cool note, as investors were gripped by worries about economic growth and inflation as Europe waited for a deadline to start paying for Russian gas in rubles. Russian President Vladimir Putin has threatened to cut gas supplies unless they …

Moody’s said it has withdrawn all credit ratings of Russia and designated Russian quasi-sovereign entities. The agency said it decided to withdraw the ratings for commercial reasons of its own. Last week, Moody’s announced its intention to withdraw its credit ratings for entities, following similar moves by global rating agency …

European shares rose on Thursday, led by gains in automakers and defense sectors, while oil stocks tumbled, as a US plan to withdraw from strategic petroleum reserves sent crude prices down. The European index rose 0.2 percent, although oil stocks fell 1.5 percent. The FTSE 100 index in London rose …

The Kremlin said on Monday that Europe would be hit hard in the event of a Russian oil embargo, which would hurt the continent’s energy balance but not affect the United States. Some European Union foreign ministers are pressing for an oil embargo as part of an escalation of sanctions …

European stocks opened with strong gains on Tuesday, as did markets in Asia and Wall Street as investors looked ahead to the outcome of peace talks between Moscow and Kiev in Turkey. The pan-European Stoxx 600 index jumped eight percent, extending its gains for the third consecutive session, with the …

European stock markets indices rose on Monday, boosted by banks and insurance companies, which are strongly affected by interest rate movements, as government bond yields continued to rise, while the atmosphere also improved with hopes of a peace agreement to end the Ukraine crisis. The pan-European Stoxx 600 index rose …

European shares fell for the third consecutive session on Friday, on course to end the week lower as the escalating Russia-Ukrainian conflict kept investors cautious as the weekend approaches. A decline in financial and technology shares erased gains in core and low-risk sectors, with the pan-European Stoxx 600 index falling …

According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …

European shares opened higher on Thursday, supported by gains in low-risk sectors, on fears of a worsening crisis in Ukraine as Western countries plan more sanctions on Russia. The pan-European Stoxx 600 index rose 0.2 percent, with utilities and consumer goods companies leading the way. Raw materials stocks fell 0.3 …