Sberbank

This tag is associated with 3 posts

China Postpones Deal On Russia’s Alati Gas Pipeline Due To Economic Slowdown

Posted by ETFalpha ⋅ July 24, 2015 ⋅ 1 Comment

The signing of the gas supply contract with China via the Altai pipeline, known as Power of Siberia 2, is being postponed for an indefinite period, Vedomosti newspaper reports. The Russian news agency cited two federal officials explaining that China is reviewing its energy needs due to the economic slowdown. The move is a significant blow to Russia as back … Continue reading →

Moscow And Ankara To Trade In National Currencies – DenizBank

Posted by ETFalpha ⋅ February 9, 2015 ⋅ Leave a comment

Russia and Turkey are working towards trade payments in national currencies, according to the president and CEO of Turkey’s DenizBank, Hakan Ates. “We are ready to do everything to facilitate the transition to payments in national currencies. Such a transition is possible but our central banks have to make this decision. We’re already working in … Continue reading →

EU Sanctions Relief For Russia’s Top Banks, Oil Companies

Posted by ETFalpha ⋅ December 6, 2014 ⋅ Leave a comment

The European Union has amended sanctions against Russia’s biggest lenders like Sberbank and VTB on long-term financing, and eased some sanctions on the oil industry. The EU says Russia’s biggest lenders – Sberbank, VTB, Gazprombank, Vnesheconombank and Rosselkhozbank – will now be allowed access to long –term financing should the solvency of their European subsidiaries … Continue reading →