Latest Russia Headlines

All the headlines from our Russia Topic Page, ordered by recency.

BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B

Jul 30 2013 // BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter.The payouts, the scale of which BP is...

Ratings Roundup: ACE Seguros, SOVAG, Polish Re, CCR (Algeria)

Jul 19 2013 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to ACE Seguros S.A., which is based in Panama. Its ultimate parent is ACE Limited, now...

Ratings Roundup: AEGIS, SOGAZ, African Re, Delvag

Jun 26 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and...

CEOs Urge Russia President to Seek More Open Trade Ahead of G20 Summit

Jun 21 2013 // CEOs from the G20 Advisory Group of the International Chamber of Commerce (ICC) met in Saint Petersburg with more than 400 other business leaders and top government officials, including Russian President Vladimir Putin.The...

Russia Challenges Consensus Rule at Heart of U.N. Climate Talks

Jun 17 2013 // It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German environment minister chairing the conference banged down her gavel to launch negotiations...

Whom Does the Beach House Bailout Benefit? Hedge Funds, Venezuelan Expats, Russian Oligarchs

Jun 13 2013 // With Sen. Bill Nelson, D-Fla., expected any day now to reintroduce his proposal to have federal taxpayers backstop the risk of state catastrophe funds, it bears examining just who it is that would benefit from the cheaper...

Lower Ice Levels, Rule Changes to Boost Arctic Northern Sea Route

May 30 2013 // Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of the cargo traffic between Europe and Asia by 2030, experts said on Wednesday.With...

Emerging Powers China, Brazil Move Closer to Non-Dollar Trade Pact

Mar 27 2013 // China and Brazil agreed on Tuesday to swap up to the equivalent of $30 billion in each other’s currencies if need be so that their fast-growing commercial ties will not suffer if a new banking crisis causes dollar...

BRICS to Endorse Plans for Reserves Pool, Development Bank

Mar 22 2013 // Leaders of the world’s major emerging economies are likely to endorse plans at a summit next week to create a joint foreign exchange reserves pool and an infrastructure bank, senior emerging market officials said on...

Russia Rebuffs Cyprus Aid; EU Awaits Bailout ‘Plan B’

Mar 22 2013 // Cyprus’ finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its...

Aon Benfield February Cat Report:U.S. Winter Storms; Russian Meteor

Mar 6 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disasters that occurred...

Meteor Blast Impacts Russia: AIR Analysis; Insurance Coverage?

Feb 18 2013 // A report from catastrophe modeling firm AIR Worldwide analyzes the factors involved and the damages produced over the Russian city of Chelyabinsk (population: 1 million) on Friday, February 15. In a rare event a meteor...

Russia Arctic Natural Gas Shipping Route to Asia 10 Years Away

Jan 28 2013 // Tanker transport of Russian Arctic gas through the Bering Strait to Asian buyers is at least 10 years away because of ageing infrastructure, vessel shortages and growing disputes over waterway rights.Thawing sea ice caused...

Zurich’s European Survey Confirms Insurance Isn’t a Luxury in Economic Crisis

Jan 15 2013 // A survey conducted by GfK on behalf of Zurich Insurance Group analyzed how the people in seven different European countries are dealing with their insurance needs in the light of the ongoing economic crisis. Insurance...

Best Affirms Russian Re’s ‘B+’ Ratings; Outlook Stable

Dec 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC (Russian Re), both with...

Ratings Recap: Transsib Re, First General, Arab Re, TUCI

Dec 13 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Russia’s OJSC Transsiberian Reinsurance Corporation...

US Senate OK’s Russia Trade w/ Human Rights Bill; Angry Russian Reaction

Dec 7 2012 // The U.S. Senate on Thursday approved legislation to punish Russian human rights violators as part of a broader bill to expand U.S. trade with Washington’s former Cold War enemy.Passage of the bill, by a 92-4 vote,...

More Workers Claiming Job Discrimination Over Language, Accents

Dec 4 2012 // More people in the workforce are claiming discrimination over their English-speaking ability or foreign accents, according to federal officials.Workplace discrimination complaints based on national origin — which often...

Lawsuit: Fedex Fires Utah Driver Over Russian Accent

Nov 30 2012 // A Utah truck driver alleges FedEx fired him because of his Russian accent, even though he offered to appear before corporate higher-ups to demonstrate his English-speaking abilities.Ismail Aliyev has filed a federal...

Which Insurance Products Do Europeans Rate Tops? Zurich Survey Answers

Nov 7 2012 // Pressure at work and school, the financial crisis and concerns about their families are keeping Europeans awake at night, according to a survey conducted by Zurich Insurance Group in eight European countries.Getting sick...