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Lithuanian presidential hopefuls vow to tackle inequality

VILNIUS (Reuters) – Lithuanians started voting in a tightly contested presidential election on Sunday to replace outgoing Dalia Grybauskaite, the Baltic nation’s “Iron Lady” who was one of the European Union’s most outspoken critics of Russia. FILE PHOTO: Lithuanian presidential Read more ›

Russian court extends custody of Baring Vostok’s Calvey until April

MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Founder of the Baring Vostok private equity Read more ›

UPDATE 1-Russian bank VTB beats Q2 forecasts despite provisions jump

* Net profit up almost 42 pct * Provisions for non-performing loans jump 60 pct * Raises year net profit guidance to 170 bln from 150 bln roubles * Shares down as U.S. sanctions threat hits Russian assets (Adds details, Read more ›

Russia’s foreign ministry, after new N.Korea-related U.S. sanctions, says U.S. sanctions fail

MOSCOW, Aug 3 (Reuters) – Russian Deputy Foreign Minister Sergei Ryabkov, commenting on new U.S. sanctions imposed on Friday on a Russian bank over North Korea-related activities, said U.S. attempts to pressure Russia do not work. “Even U.S. politicians, who Read more ›