Russia’s largest companies, once worth billions of dollars, are now nearly-worthless penny stocks. It may look like an attractive opportunity, but for the most part investors can’t even chance buying ...
Tag: Sberbank Rossia
ECB says Russia bank subsidiary likely to fail
FRANKFURT, Germany — An Austria-based subsidiary of Russia’s state-owned Sberbank RU:SBER has been ruled likely to fail after depositors fled due to the impact of Russia’s invasion of Ukraine. The Eur...
BP to Exit 20% Stake in Russia’s Rosneft
Russia’s aggressions in Ukraine prompted reactions from companies such as BP and United Parcel Service as well as Norway’s sovereign wealth fund as the world continues to raise pressure on President V...