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Feb 16, 2019 15:55
The founder and senior partner of Baring Vostok private equity fund, Michael Calvey, will be detained in Moscow for two months after his bail got rejected. The US citizen is accused of a large-scale fraud involving a Russian bank.
- This Russian airport is listed among the world’s best (PHOTOS)
One of the newest Russian airports, Platov International Airport in the city of Rostov-on-Don, has received the highest mark from the UK-based ranking organization Skytrax, becoming the first five-star Russian airport.Feb 16, 2019 15:45 - Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ eraA Russian grocery retailer was nearly forced to close during its grand opening week in Germany when a huge crowd of Leipzig locals arrived and gobbled up almost the entire inventory.Feb 16, 2019 06:01
- Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance MinistryThe US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added.Feb 15, 2019 10:24
- Russia calls latest US sanctions ‘just another schizoid story’Russia is not afraid of sanctions and new penalties won’t hugely harm the economy, according to Prime Minister Dmitry Medvedev. However, he added that the measures may slow development.Feb 15, 2019 09:38
- Moscow court orders US investor of Baring Vostok to be held in custody over $37mn fraud allegationsThe founder and senior partner of Baring Vostok private equity fund, Michael Calvey, will be detained in Moscow for two months after his bail got rejected. The US citizen is accused of a large-scale fraud involving a Russian bank.Feb 16, 2019 15:55
- This Russian airport is listed among the world’s best (PHOTOS)One of the newest Russian airports, Platov International Airport in the city of Rostov-on-Don, has received the highest mark from the UK-based ranking organization Skytrax, becoming the first five-star Russian airport.Feb 16, 2019 15:45
- Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ eraA Russian grocery retailer was nearly forced to close during its grand opening week in Germany when a huge crowd of Leipzig locals arrived and gobbled up almost the entire inventory.Feb 16, 2019 06:01
- If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrencyJust a few weeks after JP Morgan declared cryptocurrencies like Bitcoin to only have value in a post-capitalist dystopia, the $2.5tn banking giant announced its own blockchain-based “JPM Coin” – should we be worried?Feb 15, 2019 14:44
- Russian PM calls on government to go beyond ‘dry figures’ to address povertyThe Russian government should do more to help its 19 million citizens living below the poverty line, said Prime Minister Dmitry Medvedev. He suggested providing better-targeted assistance to the poor than just statistics.Feb 15, 2019 13:18
- US investor & top partners of Baring Vostok equity fund detained in Moscow on fraud allegationsA Moscow district court has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody.Feb 15, 2019 11:31
- Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance MinistryThe US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added.Feb 15, 2019 10:24
- Russia calls latest US sanctions ‘just another schizoid story’Russia is not afraid of sanctions and new penalties won’t hugely harm the economy, according to Prime Minister Dmitry Medvedev. However, he added that the measures may slow development.Feb 15, 2019 09:38
- No way back for Nord Stream 2 pipeline project – GermanyThe Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU).Feb 15, 2019 07:21
- Boom Bust asks if the bubble is bursting as record number of Americans fall behind on car paymentsSoaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class is in “serious economic trouble” as people sacrifice their basic necessities, Professor of Economics Richard Wolff believes.Feb 14, 2019 14:12
- US trade war & sanctions open doors for Russian companies in China — Beijing officialThe simmering US-China trade war and US sanctions against Russia may become an excellent opportunity for Russian firms, according to the China Overseas Development Association (CODA).Feb 14, 2019 12:39
- US warns the world against buying Venezuelan oilUS National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market.Feb 14, 2019 10:33
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