Lebanese bank can be subject to EU’s restrictive measures against SyriaThe General Court of the European Union (GCEU) confirmed on Tuesday that a Lebanese bank can be properly included among the entities subject to the EU’s restrictive measures against Syria, according to a statement released by the court.17:15 04.02.2014
Corruption costs Europe up to EUR 120 bln annually – reportCorruption costs the European economy approximately EUR 120 billion annually, the European Commission revealed Monday upon releasing its first EU Anti-Corruption Report.18:19 03.02.2014
Russia continues private banking sector purgeRussia’s Central Bank on Friday declared it has revoked the licenses of My Bank, owned by former Federation Council Member Gleb Fetisov until December 2013, and Priroda Commercial Bank, in a ongoing purge of private banking sector hat started in 2013 with the sacking of Master-bank.12:01 31.01.2014
Offshore companies should be banned from privatization proceedingsThe Russian Investigative Committee has proposed prohibiting offshore companies and their subsidiaries from participating in privatization proceedings.17:08 24.01.2014
Lowering limits on online transactions would damage commerce – PayPalA proposal by Russian lawmakers to help curb terrorism by lowering the limit on online transactions will damage internet commerce and electronic payments systems, says Russian PayPal head Vladimir Malyugin12:30 17.01.2014
Bill on minimum 3$ hourly wage submitted to the State DumaLawmakers from the Liberal Democratic Party have submitted a bill to the State Duma proposing to set the national minimum wage rate at 100 rubles ($3) per hour from January 1, 2015.11:00 16.01.2014
Russian lawmakers move to ban ‘hidden’ commissions in currency exchangeA Just Russia party lawmaker Oleg Mikheev submitted a bill on Thursday proposing the prohibition of hidden commissions during currency exchange operations.12:41 09.01.2014
Major banks face civil mortgage fraud charges in US – reportThe US Justice Department plans to file civil fraud charges against Citigroup Inc. and Merril Lynch over the sale of botched mortgage securities before the 2008 financial crisis.11:58 18.12.2013
Russian regulator shuts three more banks in clean-up driveRussia’s financial regulator revoked the banking licenses of three mid-sized Russian banks Friday, as the authorities ratchet up regulation of the country’s banking sector.10:58 13.12.2013
Russia signs $29 billion Soviet debt forgiveness agreement with Cuba– reportRussia has signed an agreement to forgive $29 billion of Cuba’s debt to the Soviet Union, though the agreement still needs to be approved by the State Duma.16:10 10.12.2013
Russia’s Central Bank not to warn banks of license revocationRussia’s Central Bank said Sunday it cannot warn banks of a possible license revocation beforehand because there is a risk that some banks would try to move out their assets.09:51 09.12.2013
There are no blacklists of banks for license recall - officialThere are no black lists of banks the licenses of which the Central Bank may revoke, Central Bank Governor Elvira Nabiullina said Wednesday at a meeting with the heads of the largest Russian banks.11:37 28.11.2013
Russian Investigative Committee proposes liability for offshore tax-evasion schemesRussia’s Investigative Committee has proposed a legislative ban on business that serves no other purpose other than obtaining tax exemptions in offshore jurisdictions, and the imposition of criminal liability on such business.14:22 15.11.2013
Russian lawmakers do not rule out ban on free abortionsHead of the Russian State Duma’s healthcare committee and former Labor and Social Development minister Sergei Klashnikov opposes a ban on free abortions, but does not rule out the possibility of such a bill passing, as it aims at spending cuts.15:49 14.11.2013
Russian lawmakers submit bill restricting ownership of US dollarsCiting the importance of protecting Russian citizens from “the American debt pyramid,” Russian lawmakers from the LDPR Party have submitted to the Russian State Duma a draft bill proposing restrictions on the ownership and circulation of US dollars.13:38 13.11.2013
Over 370 convicts released under economic crime amnesty in RussiaOver 370 convicts have been released in Russia in accordance with economic crime amnesty passed about four months ago. In September, it was reported that around 300 convicts were included in the amnesty.15:17 22.10.2013
Consumer watchdog calls for lifting ban on 5,000 ruble billsThe Consumer Protection Society petitioned the Bank Of Russia to lift the ban on 5,000 ruble bills in ATMs. Last week, major Russian banks temporarily blocked their ATMs from accepting 5,000 ($155) bills – the biggest denomination available in Russia – after Moscow was flooded with counterfeit bills designed specifically to evade ATM protection measures.12:33 17.10.2013
Russia bans Lithuanian dairy productsRussia’s consumer rights watchdog said Monday it was ordering a ban on the import of Lithuanian dairy products, the latest twist in an escalating spat between the two countries.11:45 07.10.2013
Latvian antiglobalists try to prevent Eurozone merger through courtLatvian NGO "Antiglobalists" on Wednesday appealed to the Constitutional Court with a motion to repeal the governments decision to join the Euro zone, the organization's chief Andris Orols told reporters.15:56 02.10.2013
Amid government shutdown, US judiciary vows to remain open for nowAs the US government begins to shut down in the aftermath of Congress’ failure to reach a compromise that would enable it to pass a budget, the federal judiciary is set to remain functional for at least ten business days, according to an anticipatory statement released late last week.14:12 01.10.2013