Credit cards: Russia’s first London IPO of the year
Russian IPOs have slowed of late. In contrast to 2007, when 32 Russian businesses listed on stock exchanges around the world, just five companies have floated in 2013. Tinkoff Credit Systems, a credit...
View ArticleTCS: shares plummet on Russia regulation fears
Ouch. After a $1.1bn London IPO last month that had investors queueing up, Russian credit card company TCS will be feeling a bit sore on Friday. It's GDRs, which had traded as high as $19 following the...
View ArticleOpinion: The IMF or Uncle Vlad – Ukraine makes its choice
Welcome to Ukraine. You’re running a rickety business, mainly cash-in-hand, that has a big gas bill and is losing money. Your shady Uncle Vlad says he will give you cheaper gas, lend you money on...
View ArticleRed ink for Russia’s Gazprom framed China gas deal
As Gazprom bullies Ukraine to settle its $3.5bn gas arrears, Russian domestic gas consumers are also running up multi-billion dollar debts. Ukraine is broke and Russian buyers, hit by the economic...
View ArticleGuest post: Russia’s shift away from US dollar is welcome
By Vladimir Kolychev, VTB Capital Russian President Vladimir Putin announced this month that Russia should aim to sell its oil and gas for roubles globally, because “the dollar monopoly in energy trade...
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