Featured Russia

Europol highlights Russian money as biggest laundering threat

Europe’s Baltic states are at risk from further Russian money laundering, a top European police official said after several big banks were hit by scandals centred on the region. Pedro Felicio, who is responsible for fighting money laundering at European police agency Europol, told Reuters that “huge inflows of criminal… Read More

U.S. senator introduces bill to sanction Russia-to-Germany gas pipeline

U.S. Senator John Barrasso introduced a bill on Thursday to slap sanctions on individuals and companies developing Russia’s Nord Stream 2 natural gas pipeline project, a day after his fellow Republican, President Donald Trump, said he was considering sanctions on the pipeline. Barrasso’s Energy Security Cooperation with Allied Partners in… Read More

Trump administration reviewing foreign money to US colleges

AP — The U.S. Education Department has opened investigations into foreign funding at Georgetown University and Texas A&M University as part of a broader push to monitor international money flowing to American colleges. Both universities are being ordered to disclose years of financial records amid concerns they have not fully… Read More
11th June 2019
A senior American banker once secretly awarded a shareholding in powerful Moscow investment bank Renaissance Capital to one of Vladimir Putin’s closest friends and brokered meetings for the friend with top U.S. foreign policy officials a decade ago, emails show. The American banker, Robert Foresman, currently vice chairman at UBS… Read More
10th June 2019
AP — Ukrainian President Volodymyr Zelenskiy is urging the European Union to step up sanctions against Russia amid continued tensions in the eastern Donbass region and Crimea. After talks Wednesday with European Council President Donald Tusk, Zelenskiy thanked the bloc for its “unwavering support” and called for the “strengthening of… Read More
17th May 2019
The United States on Thursday imposed sanctions on a Chechen group and five individuals, including at least three Russians, for alleged human rights abuses under the Global Magnitsky Act, including extrajudicial killings and the torture of LGBTI individuals. The sanctions against the Terek Special Rapid Response Team in the Chechen… Read More
15th May 2019
A group of Republican and Democratic U.S. senators introduced legislation on Tuesday seeking sanctions targeting the Nord Stream 2, a planned gas pipeline from Russia to Germany under fire from the United States and some European Union countries. The bill introduced by Republican Senators Ted Cruz, John Barrasso and Tom… Read More
15th May 2019
First quarter net profit halved at United Company Rusal year-on-year as the lingering effects of U.S. sanctions and depressed global prices hit the Russian aluminum giant. However the weak performance is likely to be a one-off event, analysts said, as Rusal continues on the road to recovery following 10 months… Read More
9th May 2019
Danish prosecutors have charged 10 former Danske Bank managers over their suspected involvement in one of the world’s biggest money laundering scandals, newspaper Berlingske reported on Wednesday, citing unidentified sources. The charges relate to a case involving some 200 billion euros ($224 billion) of suspicious transactions that passed through Danske… Read More
7th May 2019
Morgan Stanley is planning to send a formal notice to the Russian central bank that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual report. Morgan Stanley announced late last year that it was planning a… Read More
6th May 2019
Turkey will never bow to U.S. sanctions over its agreement to purchase Russian S-400 surface-to-air missile defense systems, Vice President Fuat Oktay said on Sunday regarding a deal that has strained ties between the NATO allies. Washington says the systems are not compatible with NATO equipment and may compromise its… Read More
2nd May 2019
The wife of Ukrainian president-elect Volodymyr Zelenskiy bought a luxury apartment for less than half the market rate from business tycoon Oleksandr Buryak, according to official income and property records. Zelenskiy, a comedian and TV star with no political experience, won the April 21 presidential election after campaigning as someone… Read More
2nd May 2019
Two of Europe’s largest banks on Tuesday blamed Russian money laundering scandals for their lackluster performances in the first quarter of 2019, and promised to do more to prevent compliance lapses going forward. Helsinki-based Nordea Bank said in its Q1 results that it had set aside €95 million to account… Read More