Erdogan cancels visit to Kazakhstan due to Istanbul terrorist attack - newspaperWorld December 11, 11:15
The deal of buying Rosneft's 19.5% stock is outside sanctions - sourceBusiness & Economy December 11, 11:12
Syrian military supported by the Russian aircraft repel IS attacks near PalmyraWorld December 11, 11:10
Five people die in fire in Tatarstan-emergencies ministrySociety & Culture December 11, 11:04
Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
Rabobank forecast a recovery in the second half of this year as private consumption picks up faster than expected, but cautioned in a statement that Russian sanctions could have an adverse impact on its business customers.
“The consequences of the trade conflict with Russia that has recently flared up represent an uncertain factor,” the bank said, adding that sanctions could have a “limited” impact on its performance, in a further sign that the continuing stand-off over Ukraine is creating uncertainty for businesses across Europe.
It has also banned a collection of other western food and drink products, through Rospotrebnadzor, its consumer protection agency, which on Wednesday temporarily shut down four McDonald’s restaurants, including the group’s flagship Moscow location.
“We are assuming that the current trade conflict will not continue to escalate and that the climate of trust will not be further eroded,” Rabobank’s statement said. “Should this happen, nonetheless, a weaker development of the economy in 2014 and 2015 cannot be excluded.