Russian Investors Flock to Virgin Islands After Cypriot Crisis

President Vladimir Putin‘s calls for domestic companies to repatriate their funds back home from offshore jurisdictions have fallen on deaf ears, with almost half of the $67 billion investment by Russian residents abroad in the first quarter of this year settling in the British Virgin Islands, according to figures released by the Central Bank on Friday.

Ukraine Feels Pressure at Russian Border to Join Trade Bloc

August 16, 2013

Ukrainian exporters are complaining about costly delays at the border for shipments of goods from steel to beer that they blame on tough new checks by Russian customs, checks that some in Kiev see as a tactic by the Kremlin to press Ukraine to join a trade bloc with Russia instead of the European Union.