Ukraine: EU Forms New Sanctions But Delays Their Start To Give Peace a Chance
European Union member states have formally adopted new sanctions on Russia over the Ukraine crisis. The new measures include restrictions on large Russian state-owned oil companies raising money on European financial markets reported the BBC. However, the new measures will come into effect “in the next few days”, not on …
Moody’s: Russia Sanctions Hamper Rosneft, Gazprom Debt Refinancing
Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, a report by Moody’s Investors Service said. Moody’s said there was a very significant bank and bond debt maturity hurdle for Russian companies concentrated among Rosneft and state-controlled gas company Gazprom in 2015. Russian companies are facing tougher …