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India

Tatiana Voronova

Russia, under sanctions, looks for rouble offshore market -official

17 Jul 2019

MOSCOW, July 17 Russia aims to establish an offshore rouble market to boost its currency's global role and help offset the impact of Western sanctions, deputy finance minister Alexei Moiseev told Reuters.

Russia's finmin, c.bank, VEB to split troubled bank's debt - official

17 Jul 2019

MOSCOW, July 17 Russia's finance ministry, the central bank and the state development bank VEB will split among themselves a 212 billion rouble ($3.4 billion) debt from bank Sviaz, a step needed to support another troubled lender, a senior official said.

Russian construction group Inteco expects to post a profit in 2020 -president

11 Jul 2019

MOSCOW, July 11 Russian construction group Inteco, which has been controlled by the central bank since 2017, expects to start making a profit next year and could hold an initial public offering (IPO) at a later date, its president said.

Russian mobile operator Megafon may sell real estate to cut debt - CEO

05 Jul 2019

MOSCOW, July 5 Megafon, Russia's second biggest mobile phone operator, is considering selling real estate and some other assets to reduce debt, the chief executive told Reuters.

Russia's Yandex.Taxi likely to issue new shares in IPO, says top shareholder

25 Jun 2019

MOSCOW Russia's largest online taxi service Yandex.Taxi is likely to sell new shares in its planned initial public offering (IPO), an executive at its majority shareholder Yandex told Reuters.

Russia's TCS co-owner to Yandex: let's integrate

07 Jun 2019

ST PETERSBURG Oleg Tinkov, the founder and key shareholder in Russia's TCS Group, said on Friday that if his bank were to merge assets with Russian Internet giant Yandex, the united company would be worth over $20 billion.

Russia's bad asset bank Trust needs extra $6 billion

04 Jun 2019

MOSCOW Russia's Trust Bank, set up to take over bad assets from lenders rescued by the state, needs to add more than $6 billion to its reserves to meet the central bank's requirements, Trust's earning report showed.

UPDATE 1-Russia's VTB sees no need for more bad loan provisioning

29 May 2019

MOSCOW, May 29 VTB has no need for additional provisioning against bad loans after it set aside 50 billion roubles ($765.85 million) last year at the central bank's request, a senior bank executive told Reuters.

Russia's VTB sees no need for more bad loan provisioning

29 May 2019

MOSCOW, May 29 VTB has no need for additional provisioning against bad loans after it set aside 50 billion roubles ($765.85 million) last year at the central bank's request, a senior bank executive told Reuters.

Main shareholder in Russian homebuilder LSR to keep control

29 May 2019

MOSCOW Andrey Molchanov, the main shareholder in Russian homebuilder LSR, plans to keep control over the company even though he reduced his stake last month.

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