All posts in " finance "

BRICS bank to finance new projects in Russia & India

By ethan / September 23, 2018

The board of directors of BRICS’ New Development Bank (NDB) has approved three infrastructure and sustainable development projects in India and Russia with loans aggregating $ 825 million. NDB said in a statement that its board has approved “a non-sovereign loan of $ 300 million to Sibur Holding for environmentally sustainable infrastructure development related to […]


Russia can thrive without foreign loans in case of tougher sanctions – Finance Ministry

By ethan / September 20, 2018

Moscow may stop using outside borrowings, replacing them with internal financial sources, if international penalties against Russia are deepened, according to Russia’s Finance Minister Anton Siluanov. “We are quite able to reject foreign loans, and replace them with domestic sources of financing to eliminate the deficit,” the minister told journalists. Siluanov stressed that the impact […]


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 […]


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 […]


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, […]


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. […]


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 […]


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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