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Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.
"Funds for the payment of coupons on external bonds of the Russian Federation maturing in 2027 and 2047 in the total amount of 12.51 billion rubles (the equivalent of £234.85
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Read more: Russia Says Dollar Debt Repaid in Rubles Amid Default Fears
Write comment (97 Comments)The first shipments of smartphones and game consoles under Russia’s so-called “parallel import” scheme have arrived in the country, Kommersant newspaper reported Thursday.
The scheme was was designed as a way to maintain imports of consumer goods into Russia despite Western sanctions and an exodus of Western firms from the Russian market.
Mobile
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Read more: iPhones, Gaming Consoles Enter Russia As ‘Parallel Imports’ – Kommersant
Write comment (91 Comments)Nike will make a complete departure from Russia in the coming months, Reuters reported Thursday, citing an emailed statement from the company.
The exit comes nearly four months after the U.S. athletic-wear giant suspended its Russian operations on March 3 following the country’s invasion of Ukraine.
"Nike has made the decision to leave the Russian
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Read more: Nike Says Permanently Exiting Russian Market
Write comment (91 Comments)Before being allowed to enter Russia last month, a business owner from a European Union member state was forced to give border officials at Moscow’s Sheremetyevo Airport the name of every Ukrainian in his cell phone contact list.
“He [the border guard] searched my phone and wrote down about eight or nine Ukrainian numbers on a sheet of paper,” he to
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Read more: Westerners Face Lengthy Interrogations at Russian Border Amid Ukraine War
Write comment (90 Comments)EU leaders met on Thursday to discuss Ukraine's bid to join the bloc, even as tensions between Brussels and Moscow deepened over gas and Russia closed in on key cities in the embattled Donbas.
"This is a decisive moment for the European Union... A choice must be made today that will determine the future of the union, our stability, our security and
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Read more: Ukraine Hopes for EU Nod as Russia Warns Resistance ‘Futile’
Write comment (93 Comments)Pop singer Yuri Shatunov, who was wildly popular in the 1980s and 1990s, died Thursday at the age of 48.
"Last night Yuri's heart stopped in an ambulance," said Shatunov’s manager, Arkady Kudryashov, the state-run news agency TASS reported.
Shatunov was perhaps best known as the frontman of band Laskovy Mai (‘Gentle May’), which filled stadiums all
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Read more: Russian Pop Icon Yuri Shatunov Dies Aged 48
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