Russia avoids default – reports

A number of Russia’s Eurobond holders received coupon payments due this week, Reuters reported, citing two market sources, signaling that Russia has evaded a widely expected external bond default. According to the agency, the payment was made in US dollars. Sources said two creditors have already received their due, while a number of others are…

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Killer of Russian journalist has appeal denied

Darya Trepova’s 27-year sentence for the murder of the military blogger has been upheld Darya Trepova, who was found guilty of terrorism for the murder of Russian military journalist Vladlen Tatarsky in a St Petersburg cafe blast last spring, saw her 27-year sentence confirmed on Monday. The ruling, the longest prison sentence for a woman in…

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German industry warns coal phase-out may take a while

The plan to replace coal-fired plants by 2030 is “unrealistic,” lobby chief Siegfried Russwurm has warned Berlin’s plan to phase out coal-fired power plants ahead of schedule is likely to fail, the head of the German industry lobby BDI, Siegfried Russwurm, told reporters on Saturday. He said the federal government lacks a strategy to persuade…

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