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Mar 26, 2014

Russian cbank mulls long-term refinancing for banks

MOSCOW, March 26 (Reuters) – Russia’s central bank is
considering three-year refinancing for banks secured by
investment projects, its first deputy governor said on
Wednesday, amid political pressure to cut borrowing costs and
reduce reliance on Western finance.

“We think that this instrument will encourage the
development of investment lending that is now less developed,”
First Deputy Governor Ksenia Yudayeva said.

Mar 21, 2014

Russian shares tumble as U.S. widens sanctions for Crimea seizure

MOSCOW/BRUSSELS, March 21 (Reuters) – Russian shares fell
sharply on Friday as investors took fright at tougher than
expected U.S. sanctions against President Vladimir Putin’s inner
circle over Moscow’s seizure of Crimea from Ukraine.

The United States added 20 names to its sanctions blacklist,
including Kremlin banker Yuri Kovalchuk and his Bank Rossiya,
oil and commodities trader Gennady Timchenko and the brothers
Arkady and Boris Rotenberg, who are linked to big contracts on
gas pipelines and the Sochi Olympics, as well as Putin’s chief
of staff and his deputy, the head of military intelligence and a
railways chief.

Mar 21, 2014

Russian stocks plummet in early trade on U.S. sanctions

MOSCOW (Reuters) – Russian stock indexes fell sharply on Friday as investors digested the impact of U.S. sanctions over Ukraine, including possible moves by Washington to target whole sectors of Russia’s economy.

At 0720 GMT the ruble-denominated MICEX .MCX was down 3 percent to 1,281 points while the dollar-denominated RTS index .IRTS had fallen 3.6 percent to 1,109.

Mar 18, 2014

Russian stocks, rouble rise after Putin says no need for further Ukraine split

MOSCOW, March 18 (Reuters) – Russian shares extended gains
on Tuesday and the rouble rallied after President Vladimir Putin
said Russia had no need for any further division of Ukraine and
investors doubted the likelihood of tough western sanctions.

At 1315 GMT, the rouble-denominated MICEX index was
up 1.9 percent to 1,308 points. The dollar-denominated RTS
had risen 1.6 percent to 1,133 points.

Mar 18, 2014

Russian stocks rise on sanctions relief, rouble falls back

March 18 (Reuters) – Russian stocks rose on Tuesday,
buoyed by relief that the West has not imposed stiff economic
sanctions against Russia over Crimea and by firmer global
markets.

At 0745 GMT, the rouble-denominated MICEX index was
up 0.8 percent to 1,293 points. The dollar-denominated RTS
, weighed down by a weaker rouble, had risen 0.2 percent
to 1,116 points. The rouble fell after overperfoming on Monday.

Mar 17, 2014

Russian assets rally on view Western sanctions to be limited

MOSCOW (Reuters) – Russian shares and the ruble rebounded on Monday on the view that Western sanctions over Crimea would be limited to individuals rather than including trade or financial measures that would inflict significant economic damage.

The region voted in favor of joining Russia on Sunday in a referendum deemed illegal by the West. The European Union has limited sanctions to 21 Russian and Ukrainian officials so far and the U.S. to 11 officials, although more names may follow.

Mar 15, 2014

Ukraine crisis triggers Russia’s biggest anti-Putin protest in two years

MOSCOW (Reuters) – Russia saw the largest opposition protest in almost two years in Moscow on Saturday, as Muscovites took to the streets in their thousands to demonstrate both for and against President Vladimir Putin’s policies in Ukraine.

Crimeans vote on Sunday on whether to reunite with Russia after pro-Russian forces took control of the peninsula, triggering the worst East-West confrontation since the Cold War.

Mar 15, 2014

Muscovites march for and against Putin’s Crimean policies

MOSCOW (Reuters) – Russians took to the streets of Moscow in their thousands on Saturday to demonstrate for and against President Vladimir Putin’s policies in Ukraine.

Crimeans vote on Sunday on whether to reunite with Russia after pro-Russian forces took control of the peninsula, triggering the worst East-West confrontation since the Cold War.

Mar 14, 2014

Russian stocks slump on sanctions threat over Ukraine

MOSCOW, March 14 (Reuters) – Russian stock indexes hit their
lowest levels since 2009 on Friday before clawing back some
ground, two days before a referendum in Crimea that is expected
to provoke western sanctions against Russia.

The rouble was also down despite a central bank decision to
keep an emergency rise in interest rates in place for the coming
months, with sentiment hurt by reports of lists detailing from a
handful to dozens of senior officials affected by sanctions.

Mar 7, 2014

Bank of Russia says preventing bankruptcy of Ukraine bank’s Moscow unit

MOSCOW (Reuters) – Russia’s central bank is taking steps to prevent the bankruptcy of the Moscow subsidiary of Ukraine’s Privatbank, the Bank of Russia said on Friday, after Privatbank accused it of putting Moskomprivatbank under administration for political reasons.

The central bank said it was taking the measures under a law on banking system stability which enables the state-run Deposit Insurance Agency to provide financial assistance to banks, acquire their property and liabilities, acquire shares, and sell collateral.