Ruble Is Elephant In Room as Russia Invokes Inflation Threat

Russia’s central bank Governor Elvira Nabiullina cited the threat of inflation as she warned future interest-rate cuts would be smaller and fewer. Economists see a different reason: the ruble.

BRICS Is Sure to Expand, Russia Says. Any Ideas for a New Name?

Admitting South Africa was the easy part. BRICS, the emerging markets club that owes its existence to a Goldman Sachs Group Inc. economist who coined the acronym for Brazil, Russia, India and China, is looking at more expansion. Any ideas on renaming it are welcome.

Hypocrisy: EU seeks aid from WTO for Russian sanctions that hurt their economy

The most important thing to remember about economic sanctions is that they are used by a nation against another to achieve political, not financial goals.

German Economy Backbone Bending From Lost Russia Sales

MWL Apparate Bau GmbH, based in the eastern German town of Grimma, has relied on strong ties with Russia to bolster business.

Russia sanctions threaten to blow euro zone off course

(Reuters) - The knock to confidence from harsher European sanctions on Russia could spoil the euro zone's budding economic recovery even if it shrugs off the fallout on trade.

Ukraine crisis hits European shares; auto and leisure lag

LONDON, July 21 (Reuters) - European shares fell on Monday as fighting erupted in eastern Ukraine, the first major eruption of violence there since a Malaysian airliner was shot down last week.

Russian companies prepare to pay for trade in renminbi

Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers.

Lithuanian President Cites Russia Threat in Election Race

Lithuanian President Dalia Grybauskaite used the last debate before for the May 11 election to focus on Russia’s expansionism, which is fueling concern in the Baltic countries.

Russia woos French business elite as sanctions loom

(Reuters) - Russia sought to woo the French business elite on Wednesday as the threat of tougher sanctions over the Ukraine crisis loom with a Franco-Russian association warning of job cuts in France as a result of restrictions.

Euro zone shares set for biggest weekly gain in 2014

LONDON, March 21 (Reuters) - A top European share index was set for its best week of the year on Friday although stocks exposed to Russia remained sensitive as investors assessed the impact of tit-for-tat sanctions over the Ukraine crisis.

Ukraine looks to China for money as debt crunch looms

(Reuters) - Ukrainian President Viktor Yanukovich will head to China on Tuesday looking for loans and investment, despite the massive protests unleashed by his decision not to sign a trade pact with the European Union.

Russia To Join OECD Anti-Bribery Group

by Tatiana Smolenskaya, Tax-News.com, Moscow

Russia has been asked to join a key Organization of Economic Cooperation and Development (OECD) group committed to the fight against bribery, and to accede to the Organization's Anti-Bribery Convention, a move seen as an important step in Russian membership negotiations.

Letters were exchanged between OECD Secretary General Angel Gurría, the Russian First Deputy Minister of Foreign Affairs Andrey Denisov, and the country's Minister for Economic Development during the OECD Ministerial Council Meeting on May 25, formally inviting Russian participation in both the OECD’s Working Group on Bribery and the Convention.