German businessman, Franz Sedelmayer, has won another legal victory over Russia.  He is currently striving for the sequestration of Russian property abroad due to the expense of lost investments in St. Petersburg.

The First Instance Court of the French town of Draguignan had refused to recognize and implement the decision of the St. Petersburg court with regard to the extraction of taxes and fines from Sedelmayer totaling an amount of 65.6 million dollars.  This was reported by the Kommersant …

The President of Ukraine, Petro Poroshenko, held a phone conversation with the Managing Director of the International Monetary Fund, Christine Lagarde, in which an agreement was reached to prepare a road map for reforms, the Press Service of the President stated.

As noted, Poroshenko stressed that Ukraine will continue reforms despite the crisis in relations between the government and the parliamentary coalition.  In addition, the President stressed the need to restart the Cabinet of Ministers …

Russia’s business daily, Kommersant, reported that the bank with the largest holdings of Turkish capital, Credit Europe Bank, is for sale in Russia. According to the representatives of the publication, the sale is being made due to the deterioration of Russian-Turkish relations, as well as the overall economic stagnation in Russia. One of the sources in the banking market reported that the search for potential buyers for Credit Europe Bank started in the middle of January.

Financial giant  …