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Qatar looking to invest billions more in Germany – finance minister

By ethan / September 2, 2018

Qatar is looking to expand its German investments, following up on some $ 20 billion it has already invested in the country, the nation’s finance minister said. It comes as Qatar’s neighbors continue to try to isolate it. “We see Germany as a key player in the world economy and are looking at the German […]

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Russia may ditch dollar in oil trade as it is too risky – finance minister

By ethan / August 12, 2018

The US dollar is not a reliable tool for payments in international trade, Russian Finance Minister Anton Siluanov told Russian media. Payments in national currencies might be used instead, he said. In an interview to Rossiya 1 TV, the finance minister expressed doubt that the internationally recognized currency is reliable. Siluanov also said he does […]

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BRICS development bank to finance infrastructure projects in Russia

By ethan / July 16, 2018

Russia may borrow $ 1 billion from BRICS New Development Bank for infrastructure projects, Deputy Finance Minister Sergey Storchak told reporters on Monday. Read more “With the new BRICS development bank alone we are now preparing four new loans,” Storchak said. He added that these loans altogether would be slightly more than $ 1 billion, […]

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Turkey’s markets panic as Erdogan appoints son-in-law as finance minister

By ethan / July 10, 2018

Investors in Turkey were not impressed by President Recep Tayyip Erdogan’s decision to appoint his son-in-law Berat Albayrak as finance minister on Monday. Read more Borsa Istanbul 100 Index was down 2.78 percent at 5pm local time (14:00 GMT) on Tuesday.  The Turkish lira dropped three percent on the news, but rebounded slightly on Tuesday. […]

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Police search French finance ministry in Macron chief of staff probe – reports

By ethan / June 6, 2018

Investigators reportedly searched the offices of the French finance ministry as part of their conflict of interest probe into President Emmanuel Macron’s chief of staff. The building was searched on Wednesday, Reuters and AFP report, citing sources at the ministry. It happened two days after France’s top financial prosecutor launched a probe into allegations that […]

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Ukraine finance minister says he was told to support corruption or resign

By ethan / June 6, 2018

At the time when Kiev is seeking to get another tranche of the stalled $ 17.5 billion aid from the IMF, Ukraine’s Finance Minister Aleksandr Danylyuk is accusing Prime Minister Vladimir Groysman of corruption. Read more Danylyuk asserts that Groysman gave him a choice of supporting “political corruption” or quitting after the latter officially asked […]

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Russia ready to ditch dollar in favor of euro in foreign trade – finance minister

By ethan / May 24, 2018

Settlements in US currency could be dropped by Russia in favor of the euro if the EU takes a stand against the latest US sanctions on Moscow, Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility […]

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Protectionist policies also hurt the countries that impose them – Russia’s Finance Minister to RT

By ethan / April 21, 2018

Protectionist policies and sanctions hurt not only the countries they target, but the global market as a whole, ultimately hampering the economic growth of the states that implement them, Finance Minister Anton Siluanov has said. The official gave RT an exclusive interview following the International Monetary Fund (IMF) spring meeting in Washington. The protectionist policies […]

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