Russia, Cyprus in second day of gas for cash talksRussia and Cyprus are set to launch a second day of talks in Moscow on Thursday over a multibillion-dollar loan to help the island nation avoid a financial collapse.14:31 21.03.2013
Cypriot parliament rejects tax on deposits, asks Russia for loanParliament in Cyprus on Tuesday overwhelmingly rejected a bill aimed at charging steep levies on bank deposits, jeopardizing the country’s chances of securing a desperately needed international bailout.13:44 20.03.2013
Russia's ex-finance minister slams Cyprus deposit levy plansRussia’s former finance minister, Alexei Kudrin, said on Tuesday that plans by Cyprus to force all savers to agree to a levy on their deposits ignored the interests of Russian investors.16:42 19.03.2013
Gazprom denies offering aid-for-licenses deal to CyprusRussian energy giant Gazprom claims it did not offer to bail Cyprus out in return for gas exploration licenses in Cyprus's exclusive economic zone. Cyprus's Sigma TV has reported that representatives of the Russian company submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening.12:11 19.03.2013
Regulator seeks to cancel AMT Banks $35.8 million deal with Central BankThe Moscow Commercial Court has accepted the Deposit Insurance Agency's lawsuit seeking to invalidate the AMT Bank's repayment of a 1.114 billion ruble ($35.8 million) loan from the Bank of Russia before its license was revoked.16:09 18.03.2013
Putin criticizes Cyprus' new "dangerous" savings taxPresident Vladimir Putin has called a new tax to be imposed on bank deposits in Cyprus "unfair, unprofessional and dangerous." Russians holding $18.3 billion worth of deposits in Cyprus could lose up to $2 billion.14:29 18.03.2013
Cyprus banks cease operations, Russian investments at riskThe Central Bank of Cyprus has ordered all national banks to suspend operations at both domestic and foreign offices. The measure comes after EU finance ministers agreed on Saturday to tax deposits in Cyprus as part of the extraordinary 10 billion-euro ($13 billion) bailout.09:33 18.03.2013
Prado Bank's case against National Bank of Greece upheldThe court has supported Prado Banks request to partially cancel the legal protection of the National Bank of Greece's "i-bank" brand, the court told RAPSI on Friday.17:16 15.03.2013
Foreign banks banned from opening branches in RussiaPresident Vladimir Putin has signed a government-sponsored law banning foreign banks from opening branches in Russia, PRIME reported on Friday, citing a post on the government legal information website.15:20 15.03.2013
Police discover $492 mln payment machine scam in MoscowThe police have exposed a criminal group which operated a network of non-licensed payment machines in Moscow's central district.12:47 01.03.2013
Russia lost $49 bln in money transfer scams in 2012Illegal money transfers from Russia reached $49 billion in 2012 or 2.5 percent of the country’s GDP, with almost half of that sum sent out by a single group of "well-organized" people.13:07 20.02.2013
Executive suspected of $64 mln bank theft refuses pretrial agreementYevgeny Rogachyov, former chief of corporate business of Master Bank, who is suspected of cashing out 2 billion rubles ($64 million), told RAPSI on Friday that he had not made a pretrial agreement with the investigation.13:02 15.02.2013
Customs service's appeal over refusal to accept card payments dismissedThe Ninth Commercial Court of Appeals has upheld the court ruling to dismiss the customs service's appeal against the antimonopoly watchdog's decision regarding its refusal to accept card payments.16:09 14.02.2013
Russians face fines for income operations with foreign banksAccording to the amendments to the Russian Code of Administrative Offences which became effective on February 13, Russian nationals may lose the accruals in their accounts with foreign banks, for example interest from savings or rental income, if the revenue was not transferred via a Russian bank.10:26 14.02.2013
Hearing of Bank of Moscow's claim against former CEO's asset postponedThe Moscow Commercial Court has announced the postponement of the hearings in the Bank of Moscow's 2.5-billion-ruble lawsuit against River Mall until February 15.15:04 13.02.2013
Rogue trader takes SocGen to сourt aiming to nullify 4.9 billion judgmentRogue trader Jerome Kerviel, who was convicted in 2010 on counts of breach of trust, fraudulent entry into an automated processing system, forgery, and use thereof, has filed a claim in the Paris labor court against his former employer Societe Generale (SocGen) seeking the same amount he was fined for his indiscretions - 4.9 billion.11:32 13.02.2013
Uzbek bankers arrested over foreign currency dealsThe heads of several Uzbekistan banks have been detained for making illegal foreign currency transactions.12:44 07.02.2013
Supreme Commercial Court to consider Citibank tax issueThe Supreme Commercial Court will consider the Federal Tax Service's claim that Citibank's premium clients must pay taxes on the services that they received for free from the bank's partners.14:39 04.02.2013
Millions in Magnitsky case allegedly laundered through Estonian banksAn inquiry conducted in Estonia into the alleged embezzlement of Russian budgetary funds as reported by late Hermitage Capital lawyer Sergei Magnitsky has revealed that roughly $10 million was allegedly laundered through Estonian banks. However, the Prosecutor General's Office has opted against opening a case, Prosecutor Piret Paukstys told the Eesti Paevaleht daily.14:54 24.01.2013
Lithuania freezes bank accounts related to Magnitsky caseThe Lithuanian authorities have frozen several bank accounts as part of the case of embezzled budget funds, exposed by Hermitage Capital lawyer Sergei Magnitsky, who died in the Matrosskaya Tishina prison in 2009.13:04 22.01.2013