Present and past owners of OAO Bank Rossiya, the only company hit with sanctions for Russia’s takeover of Crimea, include three billionaires, two proteges of a Nobel Laureate and, according to a Spanish prosecutor, one possible mob boss.
China and Germany plan to boost a railway route between their countries as President Xi Jinping prepares to welcome a cargo train packed with laptops and electronics in Duisburg, the world’s biggest inland port.
President Barack Obama expanded U.S. financial sanctions to 20 more Russian officials, businessmen and a bank and authorized potential future penalties that would directly target sectors of the Russian economy.
U.S. President Barack Obama imposed financial sanctions on several billionaire associates and top aides of President Vladimir Putin as he increased pressure on Russia. Kremlin spokesman Dmitry Peskov said Russia’s reaction will be “reciprocal and swift” after Russia barred nine U.S. lawmakers and officials in retaliation against earlier measures.
Sales of structured notes linked to the credit of Russian companies climbed to the highest in three years last month, as investors bet the country’s economy could weather emerging-market turmoil and the crisis in the Ukraine.
OAO Russian Railways is seeking to regain the right to manage rolling stock a decade after the government weakened its monopoly by opening the market to competitors, Chief Executive Officer Vladimir Yakunin said.
When Igor Sechin was working as President Vladimir Putin’s deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound volumes containing minutes of Communist Party congresses.
OAO Russian Railways will probably drop plans to sell 100 billion rubles ($3 billion) of infrastructure bonds if the government freezes prices to fight inflation, Chief Executive Officer Vladimir Yakunin said.