Russia
Russia-linked broker Sova Capital to wind down after failed rescue attempt
Advisory firms have raked in almost £55m in fees from Sova Capital’s administration
Russian court upholds VTB Bank’s $439m claim against JPMorgan
JPMorgan Europe, Middle East and Africa Securities trust said it will appeal the decision
1 min read
Teneo, Hogan Lovells score £45m in fees from Russia-linked broker’s administration
City advisers have raked in tens of millions of pounds from the administration of two failed Russia-linked banks
3 min read
Evan Gershkovich’s stolen year in a Russian jail
The Wall Street Journal correspondent has been deprived of 12 months of normal existence; a year of missed weddings, reporting trips and travels with friends
7 min read
Russian court extends WSJ reporter Evan Gershkovich’s detention
American journalist was detained almost a year ago on a reporting trip
5 min read
Ukraine’s finance minister: Why investors can’t give up on us now
Despite unprecedented action to protect investors, the economic war is far from over
3 min read
Bitter lessons for finance two years on from Ukraine invasion
Companies are grappling with the fallout from decisions they made when the Ukraine-Russia war began in 2022
8 min read
Collapsed Russian bank VTB Capital pays City staff £6.6m
The Russian bank was forced into insolvency in the wake of the Ukraine war, but will remain in administration until the end of 2024
2 min read
TPG hit with $14bn claim by jailed Russian oligarch over alleged conspiracy
TPG chair David Bonderman accused of misleading jailed Russian oligarch in court claim
4 min read
Linklaters’ Moscow closure dents profit as City law’s boom years wane
Inflationary pressures weigh on profits across the Magic Circle
2 min read
Ex-VTB Capital equities chief Ballard joins emerging markets bank KNG Securities
Gary Ballard is the second hire in recent weeks by KNG from VTB
WSJ reporter Evan Gershkovich makes Time’s 100 most influential people list
The correspondent is one of three imprisoned journalists named to this year’s list
Bankers, buyouts and Bill Browder: Russia’s Ukraine invasion one year on
As we reach the anniversary of the conflict, FN looks at the fallout from a war that has rocked global finance
Amundi, Axa IM, Carmignac among fund managers with $329m of ESG investments stuck in Russia
The Morningstar data shows 17 green funds with lingering Russia exposure
ESG investors have shrugged off questions posed by Russia’s invasion of Ukraine
The conflict revealed a host of flaws with the ESG movement, but funds seem to have come out unscathed
4 min read
How Schroders, Fidelity, and more overhauled their funds after Russia’s invasion
Side pockets have allowed funds to ringfence hard-to-sell assets from other investments, and are still having an impact one year on from the outbreak of war
3 min read
Western banks face calls to exit Russia one year on from Ukraine invasion
‘It’s shameful for any of these people to continue to be in Russia,’ according to fund manager and Putin critic Bill Browder
7 min read
Why Swift was the West’s first ‘nuclear option’ when Putin invaded Ukraine
A year on, cutting Russian banks off from a vital payments network has not proved to have the impact first feared
4 min read
Russia’s invasion of Ukraine still threatens global finance
The global financial system is at risk if we rely on friend-shoring to solve economic fights arising from the conflict
4 min read