Residents of troubled Ukrainian regions evade fines for lax utility paymentsResidents of Ukrainian territories engaged in ongoing hostilities won’t be subject to fines for falling behind the utility payments, RIA Novosti reports on Tuesday citing regional development minister Andrei Belousov.16:59 14.10.2014
Scammers posing as IRS agents target Russian banksScammers posing as US Internal Revenue Service (IRS) agents attempted to solicit Russian banks for account holder identity and other account information, the statement of Russia's Central Bank reads.10:21 07.10.2014
Fugitive Kazakh banker Mukhtar Ablyazov to stay in detention in FranceBail was denied Monday by French court for fugitive banker Mukhtar Ablyazov, wanted by Russia, Ukraine, and Kazakhstan.15:04 06.10.2014
Russian banker Andrei Borodin’s arrest in absentia upheldThe Moscow City Court on Monday upheld the decision to arrest fugitive Russian banker Andrei Borodin in absentia.12:56 06.10.2014
Russia's Deposit Insurance Agency pays $553 mln to Crimean residentsRussia's Deposit Insurance Agency has paid 22 billion rubles ($553 million) to over 200,000 residents of the Republic of Crimea who had accounts at Ukrainian banks.13:53 03.10.2014
Gang members charged with laundering $910 million to remain in detentionThe Moscow City Court has extended the detention of two criminal group members charged with laundering about 36 billion rubles ($910 million).10:16 03.10.2014
No restrictions on capital flow in Russia - PutinRussia has no plans to impose restrictions on the flow of currency and capital in the country, President Vladimir Putin said on Thursday.14:11 02.10.2014
Russian billionaire Gleb Fetisov denied $14 mln bail againThe Moscow City Court on Monday once again refused to release billionaire Gleb Fetisov, who is accused of embezzlement from his bank, on 555-million-rubles ($14.3 million) bail.16:00 29.09.2014
Ex-president of Eurotrust bank charged with $87 mln fraudAndrei Krysin, former president and co-owner of the bankrupt Eurotrust bank, has been charged with fraud in a case involving 3.4 billion rubles ($87.8 million), Kommersant newspaper writes on Monday.10:44 29.09.2014
Japan announces additional sanctions against RussiaThe Japanese government announced additional sanctions against Russia related to the situation in Ukraine, RIA Novosti reports Wednesday, citing Chief Cabinet Secretary Yoshihide Suga.14:50 24.09.2014
Deutsche Bank top manager charged with attempted fraudGerman prosecutors in Munich have charged co-chief executive of Deutsche Bank Jurgen Fitschen and four other former board members including Josef Ackermann, Rolf Breuer and Clemens Borsig, with attempted fraud, the German media reported on Tuesday.10:29 24.09.2014
Police investigate withdrawal of $18 billion from Russia via Moldova - reportRussia’s law enforcement agencies are investigating the withdrawal of nearly 700 billion rubles (over $18 billion) from Russia via 21 banks, Vedomosti newspaper writes on Monday.11:23 22.09.2014
Canada lifts sanctions on two Russian banksCanada has cancelled sanctions against two small Russian banks, Expobank and Rosenergobank, the Canadian Foreign Affairs Department said on its website.10:37 19.09.2014
European Parliament calls for excluding Russia from SWIFTThe European Parliament “calls on the EU to consider excluding Russia from (…) the SWIFT international payment system,” the parliament said in a resolution adopted today.16:41 18.09.2014
Mobile banking hackers arrested in RussiaTwo men who used new malware for Android devices to steal money from customers of a major Russian bank through its mobile banking system were arrested in Arkhangelsk, the Ministry of the Interior announced today.11:12 18.09.2014
Russia may adopt law to ban bitcoins this fallThe Russian State Duma may adopt a law banning the use of digital currency, which the Finance Ministry is drafting, this fall. The issuance of digital currency is prohibited in Russia, but the national legislation does not include a definition thereof.17:00 12.09.2014
New EU sanctions target Russia’s oil and defense companiesThe new EU sanctions aim to limit the Russian oil and defense companies’ access to the European capital market. The companies include Oboronprom, United Aircraft Corporation, the Kalashnikov Concern, Uralvagonzavod, Rosneft, Transneft and Gazprom Neft, RIA Novosti announced, citing information published in the EU’s Official Journal Friday.11:47 12.09.2014
Argentina’s parliament approves new sovereign debt payment venuesThe lower house of Argentina’s parliament has approved the transfer of the sovereign debt payment venue from New York to Buenos Aires or, whenever necessary, Paris, according to the Thursday report by Telesur TV channel.15:21 11.09.2014
FATCA threatens Russia’s financial system – officialThe US Foreign Account Tax Compliance Act (FATCA) is a threat to the Russian financial system, said Yury Chikhanchin, chief of the Federal Financial Monitoring Service (Rosfinmonitoring).16:57 04.09.2014
Top managers of bankrupt banks face lifetime ban in Russia - reportRussian senators have proposed to prohibit top managers of banks which go bankrupt from ever holding senior positions in other banks.11:41 01.09.2014