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Russian energy giant Gazprom PAO (MCX:GAZP) has announced it will stop doing business in Germany as economic tensions between the countries have reached boiling point. President Vladimir Putin signed a decree Thursday that forces Germany and other “unfriendly countries” to pay for gas in rubles. Hostile EnvironmentAs reported by Reuters, Gazprom did not reveal the reasons to end its participation in Gazprom Germania GmbH and all included assets, which comprises businesses in Britain, Switzerland, and the Czech Republic. Q4 2021 hedge fund letters, conferences and more European Union regulators...
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The Moscow Exchange partially reopened Thursday after shutting down for a month, with sharp movements by some of the biggest Russian companies. Trading restarted in 33 equities between 3 a.m. and 7 a.m. ET, as announced by the Central Bank of Russia the previous day. Q4 2021 hedge fund letters, conferences and more Market ReopeningAs reported by CNBC, the MOEX Russia Index ended the session up 4.37%, and movements included the likes of Gazprom PAO (MCX:GAZP) and Sberbank Rossii PAO (MCX:SBER). Some restrictions include the ban on short-selling, and the foreign investors’ inability to sell stoc...
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