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News | WORLD NEWS - Part 21

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How Russia’s Bank Clean-Up Got Hijacked and Landed a Senator in Jail

4 months ago adcity Comments Off on How Russia’s Bank Clean-Up Got Hijacked and Landed a Senator in Jail
Gleb Fetisov (Artem Korotayev / TASS) The cleanup of Russia’s banking sector is proving dangerous for some owners. It’s not the bank owners that have stolen billions of dollars from their own deposit vaults who get locked up, but victims of sharp operators that use the clean-up to make fast buck and let the state Read More

Business Ombudsman Boris Titov to Run for Russian Presidency

4 months ago adcity Comments Off on Business Ombudsman Boris Titov to Run for Russian Presidency
Boris Titov / Kremlin Press Service Russian business ombudsman Boris Titov will run for president in the 2018 election, representing the business-oriented Party of Growth, the party announced Saturday. Titov will run on the “Growth Strategy” program developed by the Stolypin Club. Although he is unlikely to become a serious competitor for president Vladimir Putin, Read More

Skyscraper City Becomes a Citadel of Putin’s State Capitalism

4 months ago adcity Comments Off on Skyscraper City Becomes a Citadel of Putin’s State Capitalism
(Bloomberg) — Russia built it, but they didn’t come. Two decades in the making, Moscow City is finally filling up with tenants, just not necessarily the kind Russia had in mind when it conceived the glass-and-steel district as an international financial hub. With the economy besieged by sanctions and some of its biggest companies becoming pariahs Read More

Russia Said to Be Ready to Sign Pact on Resuming Cairo Flights

4 months ago adcity Comments Off on Russia Said to Be Ready to Sign Pact on Resuming Cairo Flights
Vladimir Putin and Abdel-Fattah El-Sisi / Kremlin Press Service Bloomberg — Russia may restore flights to Cairo in the wake of a visit Monday to Egypt by President Vladimir Putin, two years after it suspended air connections over terrorism fears, a senior Russian official and an industry representative in Moscow said. The agreement on restoring flights Read More

Russia’s Top 3 Business Stories This Week

4 months ago adcity Comments Off on Russia’s Top 3 Business Stories This Week
Pixabay / Kremlin Press Service / MT 1. Putin’s Fourth Term Announcement Calms Anger over Olympic Ban What happened: On Wednesday, Vladimir Putin made a long-anticipated announcement: He will run for Russian president for the fourth time. The election is scheduled for March 18, 2018. Putin made his announcement while speaking to workers at one Read More

Why Russian Oligarchs Remain Loyal to Putin (Op-ed)

4 months ago adcity Comments Off on Why Russian Oligarchs Remain Loyal to Putin (Op-ed)
Kremlin Press Service Given the financial and personal costs suffered over the past three years by Russian oligarchs, some analysts have wondered whether they might actively intervene to replace the Russian leadership. Given that Russia saw a major oligarchic political intervention just over 20 years ago, the question doesn’t seem unwarranted. In 2014 alone, a combination Read More

Russia’s Top 5 Business Stories This Week

4 months ago adcity Comments Off on Russia’s Top 5 Business Stories This Week
Pixabay / MT 1. Russian oligarchs are trying to prove that they’re not close to Putin What happened:  Russia’s billionaires could be targeted by U.S. sanctions as early as next February. They face a tough choice: between Russia, where they make their billions, and the West, where they keep them. In word, the businessmen are Read More

Putin, Sisi Set to Finalize $30 Billion Nuclear Deal, Boost Ties

4 months ago adcity Comments Off on Putin, Sisi Set to Finalize $30 Billion Nuclear Deal, Boost Ties
Abdel-Fattah El-Sisi (Olivier Douliery/Pool via Bloomberg) (Bloomberg) — Egypt and Russia plan to finalize this week a long-awaited deal to build a $30-billion nuclear plant in the North African country, officials with knowledge of the deal said, as the Kremlin seeks to further expand its influence in the volatile region. Russian leader Vladimir Putin is due Read More

Cyber Heist Linked to Russians Targets Banks From Moscow to Utah

4 months ago adcity Comments Off on Cyber Heist Linked to Russians Targets Banks From Moscow to Utah
Bloomberg (Bloomberg) — A previously unknown ring of Russian-language hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. The MoneyTaker group broke into 20 systems, which includes 15 U.S. lenders, targeting Read More

Russian Businessmen Who Accepted State Support Risk U.S. Sanctions

4 months ago adcity Comments Off on Russian Businessmen Who Accepted State Support Risk U.S. Sanctions
Vladimir Putin (r) at the meeting with representatives of business circles / Kremlin Press Service Russian businessmen who have received $300 million or more from state coffers could be targeted by U.S. sanctions next year, The Bell reported on Friday. U.S. government departments are preparing a list of Russian “oligarchs” close to the Kremlin to present to Read More