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The PDVSA case raises important questions concerning Russian banks’ strategy regarding U.S. sanctions In terms of sanctions, February was significant due to reports about certain ties between Russia’s Gazprombank and PDVSA, Venezuela’s monopolist in oil production. On February 10, Gazprombank refuted a ...
Russia's financial ombudsman warned Friday that a mass withdrawal of banking licenses from Russian lenders was damaging the country's small businesses. The Central Bank has revoked the licenses of more than 150 banks since the start of 2014 — including three banks on Friday alone — in a bid to clean up a sector riven with suspicious trades and creative accounting. But the high tempo of the purge is damaging the companies these banks serve, the ombudsman,...
... interest on its lending opened in independent Pakistan in the late 1950s. The first Islamic bank to prove its viability, however, was launched in Egypt in 1963. The institution had a goal of appealing to poor Egyptians who lacked confidence in state-run banks and opened nine branches throughout Egypt, but was shut down by the Nasser government in 1968 due to its perceived links to Islamic fundamentalism. Islamic banks as we know them today developed in the Middle East thanks to the oil boom of the 1970s....
... isolationism in Turkmenistan, the obvious dependence of credit institutions in Tajikistan and Uzbekistan on administrative interference – these are part of the diverse set of characteristics that inevitably undermine the strategic initiatives of Russian banks, driving them to clusterization in capital and caution. Are there any opportunities being overlooked and are the market risks really that high? Banking Risks in Central Asia Central Asia is an emerging market, with micro-level certainty reduced ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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