Major Russian bank winds down Swiss business – top official

Operations will be referred to external banking partners, Gazprombank chairman says Gazprombank will cease operations in Switzerland after “a strategic review of various options,” Chairman of the Board of Directors, Ivan Dun, said in a statement on Monday.

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Central banks on record gold-buying binge – industry group

Purchases were the highest on record in January-September, the World Gold Council has said Central banks bought 800 tons of gold from January to September this year, the highest on record for the nine-month period, according to the World Gold Council.

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Germany mulls nationalizing Gazprom, Rosneft branches – reports

Germany is weighing the prospect of expropriating or nationalizing local subsidiaries of Russian energy majors Gazprom and Rosneft due to concerns over energy security amid anti-Russia sanctions and Moscow’s demand for gas payments in rubles.

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