Banking / Investment in Russia
-
ANGOLA, 2015/09/29
Russia’s VTB bank has cancelled the merger of its branch in Angola – VTB Africa – with Angolan bank Banco Privado Atlântico, according to the Reuters news agency, citing a statement issued Thursday in Moscow.
“The two sides agreed to continue in the banking business separately due to changing market conditions,” the statement said.
In early 2014, the Russian bank announced that together with Russian conglomerate Rostec it would acquire a 20 % stake in Banco Privado Atlântico.
-
KAZAKHSTAN, 2015/05/26
The issues of domestic bond market development in Russia, Kazakhstan, Belarus and other CIS nations inclunding EM Eurobonds were mulled at the 12th CIS and Baltic Bond Congress in Baku.
Each year the Congress gives its delegates an opportunity to assess the current national and development prospects of the CIS financial markets.
-
IRAN, 2015/01/07
Russian firms have reportedly declared their readiness to finance Iran's oil and gas projects.
Asghar Soheilipour, the chief of Investment Committee of National Iranian Gas Company, said that since Russians have halted several projects in eastern Europe and Syria due to different reasons, they are willing to finance Iranian projects, IRNA News agency reported on Jan. 5.
"One company even proposed to inject $2 billion instantly," he said.
According to the official, a Russian company has financed a $700-million pipeline project from southern city of Iranshahr to southeastern city of Chabahar.
-
EUROPEAN UNION, 2014/11/13
The European Bank for Reconstruction and Improvment(EBRD) will make its final decision on January 28, 2015 on allocation of a loan to Russia's Lukoil Company to finance the project of second stage of development of Azerbaijan's giant Shah Deniz field in the Caspian Sea.
The total all of the loan is expected to be up to $1 billion, with both Mandated Lead Arrangers (MLAs) arranging $500 million each. Approximately, a half of the total loan is expected to be syndicated under the A/B Loan programs of both the EBRD and the Asian Development Bank (ADB).
The Lukoil Company has a 10 % interest in the Shah Deniz field. The total all of additional funding of Lukoil within the framework of the equity participation in the Shah Deniz-2 project is $3 billion.
-
CHINA, 2013/05/01
In a recent interview, Goldman Sachs’ Jim O’Neill, whose pen gave birth to the concept of the BRICs —the constellation of emerging economic powers Brazil, Russia, India, and China (and presently inclunding South Africa) — said the nations’ combined increase had “exceeded amount expectations.” Noted O’Neill, “in slightly over a decade the group’s GDP has grown from approximately $3 billion to $13 billion. The BRIC nations have the potential to avert a world recession and to grow faster than the rest of the world and to pull amount of us along with them as a (increase) engine.”
-
RUSSIA, 2013/04/02
Russia's central bank left its major refinancing rate unchanged for the seventh consecutive month, but reduced rates on long-term liquidity operations by a quarter point as it sees increased risks to economic increase.
