Russia

Russia Prepares Switch To Rouble Settlement For Farm Exports

Russia will get buyers of its farm exports to pay in roubles rather than dollars as a way to circumvent western sanctions, deputy prime minister Viktoria A...

Russia's Magnit To Buy Back Around 21.5% Of Shares From Western Investors

Russian retailer Magnit said it plans to buy back approximately 21.5% of its shares, finalising the results of a tender offer that could enable some Wester...

Suspension Of Black Sea Grain Deal Could Raise Grain Prices 10% To 15%: IMF

The International Monetary Fund has estimated that Russia's exit from a deal allowing Ukrainian exports via the Black Sea could drive global grain prices u...

Danone Writes Down Russia Assets, Reports Better-Than-Expected Sales

France's Danone said that it is deconsolidating its Essential Dairy and Plant-based (EDP) business in Russia in July, triggering a roughly €200 millio...

Russia To Cut Back On French Wine, Norwegian Fish With Duty Hike On 'Unfriendly' Imports

The days of French and Italian wines may be numbered in Russia as Moscow raises duties on imports from so-called 'unfriendly' countries, promising that dom...

Russian Wheat Export Prices Jump After Black Sea Grain Deal Suspended

Russian wheat export prices jumped last week along with global prices after Russia's withdrawal from the Black Sea grain deal and amid restrictions on navi...

Ukraine's Farmers Fear The Worst After Grain Deal Collapses

Farmers whose work on Ukraine's fertile land has long been vital to its economy fear losing their livelihoods after Russia this week quit a warti...

'Limited Credit Implications' From Russia's Takeover Of Carlsberg, Danone Assets

The Russian government's decree that it has taken control of assets belonging to Danone and Carlsberg in Russia is likely to have limited credit implicatio...