|Bid||0.00000 x 80000000|
|Ask||0.00000 x 2201000000|
|Day's Range||0.04910 - 0.05093|
|52 Week Range||0.04421 - 0.07015|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.06|
The threat of new U.S. sanctions has spread anxiety among Russia's wealthiest people that their association with President Vladimir Putin could land them on a U.S. government blacklist, members of the business elite say. The list, to be drawn up by early next year, is part of a sanctions bill passed overwhelmingly by Congress soon after Donald Trump became president and reluctantly signed by him on Aug. 2 despite his avowed wish to improve ties with Moscow. Although those included on the list would not automatically be sanctioned, six people who are part of the business elite or close to the Kremlin said it was a major concern because the criteria for inclusion and the consequences were unclear.
Russia's improving economy has removed the main impetus for privatisations planned for this year, allowing policymakers who always doubted the wisdom of selling state assets to re-gain the upper hand, according to interviews with multiple officials. Russia's finance ministry initially planned to raise 138 billion roubles ($2.39 billion) from privatisation this year, mainly from selling a stake in the shipping company Sovcomflot and reducing its holdings further in VTB, the country's No.2 bank.
Russia's VTB Bank (VTBR.MM) may provide a loan of about 5 billion euros ($5.9 billion) to CEFC China Energy for its purchase of a stake in Russia's largest oil producer Rosneft (ROSN.MM), VTB chief Andrey Kostin told reporters on Tuesday. A banking source familiar with the matter had told Reuters earlier on Tuesday that CEFC China Energy could raise around $5 billion from VTB, Russia's second-biggest lender, for the Rosneft stake acquisition.
One of the Facebook's first big investors explains his connections with Russia and Jared Kushner, and looks ahead to one of the market's he's investing millions of dollars into: e-commerce.
The new U.S. sanctions law threatens to cut off a vital channel for Russia’s funding of its massive defense buildup, according to four people familiar with the situation.
Troubled Russian banking conglomerate Otkritie Group may need up to 400 billion roubles ($6.90 billion) to plug holes in its balance sheet, a deputy governor at Russia's central bank told Reuters on Friday. The central bank said on Tuesday it would step in to rescue Otkritie Bank, one of Russia's biggest private lenders, after it suffered a sustained run on its deposits amid worries about its loan portfolio. Central Bank Deputy Chairman Vasily Pozdyshev told Reuters in an interview the regulator may need to inject between 250 billion and 400 billion roubles into Otkritie group's capital as a part of a bail out.
As Congo's government was soliciting urgent help from Western donors and the IMF last month to contain an economic crisis, the chairman of the state mining company brought an unusual guest to the prime minister's office. It was Raymond O'Leary, a vice president from Russia's second largest bank, state-owned VTB, to discuss a Eurobond aiming to raise funds for the cash-strapped government, Congolese and VTB officials confirmed.
Russia began relying only on its own rating agencies to manage its domestic bond market on Friday after the world's top three credit rating agencies quit that market, leaving investors pondering the credibility of the local agencies. Standard & Poor's, Fitch and Moody's have all withdrawn from Russian domestic ratings, refusing to comply with legislation drawn up in 2014 when they downgraded Russia after the annexation of Crimea.
Russian bank VTB discussed the possibility of the Democratic Republic of Congo issuing a sovereign Eurobond during recent meetings in the central African country, the bank said on Wednesday. Congolese officials said on Monday that VTB bankers had met with Prime Minister Bruno Tshibala to discuss a possible $1 billion investment fund to finance "strategic projects". VTB, whose emerging markets-focused investment banking arm VTB Capital is active in Africa, said in a statement that it had given no commitment to lend to Congo and that it did not currently plan to.
Russia's second-largest bank VTB discussed the possibility of the government of the Democratic Republic of Congo issuing a Eurobond during recent meetings in Congo, the bank said in a statement. VTB said ...
Russian largest oil producer Rosneft said on Wednesday that it plans to complete the deal to acquire a 49 percent stake in India's Essar Oil in the "nearest future". The closure of the $12.9 billion deal, signed last year, has been held up by creditor banks to Essar and some regulatory approvals. Rosneft said all the necessary legal approvals have been received by the purchasers and sellers.
Mozambican state companies have failed to account for about a quarter of the proceeds of $2 billion in loans being investigated, according to a report by Kroll LLC that creditors said was needed for debt ...
An EU extension to sanctions against Moscow could lead to a new arms race, according to the chief executive of Russia's VTB Bank.
The board of Russian metals and mining giant Mechel has recommended paying full dividends to preferred shareholders for the first time since 2011 now the company has fought back from the brink of bankruptcy. Mechel borrowed heavily before Russia's economic crisis hit in 2014 and was facing what would have been the country's biggest corporate collapse after struggling with debt repayments as demand for its products weakened and coal and steel prices fell. Mechel said in a statement on Thursday its board had recommended dividend payments of 10.28 roubles per preferred share for 2016, when it made a net profit of 7.1 billion roubles.
Russian lender VTB Group said its subsidiary VTB Bank Austria has agreed a 10-year euro-denominated financing deal with Turkish-German budget airline SunExpress for the purchase of three new Boeing aircraft. ...
Russia's Finance Ministry has proposed refraining from privatising VTB, the country's second-largest lender, because the bank is now under Western sanctions, Russian Finance Minister Anton Siluanov said ...
Andrey Kostin, president at VTB Bank, discusses the meeting between the Russian ambassador to Washington and President Trump's team and the investigation into Russia's interference in the U.S. election. ...
Andrey Kostin, president at VTB Bank, discusses the U.K. election, how his business would be impacted by a hard Brexit, Russia sanctions and U.S.-Russia relations. He speaks on "Bloomberg Daybreak: ...