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Russia

Corrpution may force foreign companies to leave Russia

Extortion by corrupt officials in Russia has got so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.

16 March 2010 , 10:31Reuters0

Russian building companies slowly start to recover from economic crisis

One by one, public developers are announcing strategy changes and unfreezing projects that were suspended because of the economic crisis.

16 March 2010 , 09:26Bela Lyauv, Nadezhda ZaitsevaVedomosti0

Russian South Stream project will never be merged with rival Nabucco

Russia is not considering merging its South Stream gas pipeline to Europe with the rival European Union-backed Nabucco link, energy minister Sergei Shmatko said.

16 March 2010 , 08:10Upstream0

Successful visit in India for Prime Minister Putin

Prime Minister Vladimir Putin won support for Rosatom to build a dozen ultrasafe nuclear reactors in India, part of more than $10 billion in deals in energy, arms, telecoms and other cooperation signed during his visit Friday.

15 March 2010 , 09:58Alex AnishyukThe Moscow Times0

Medvedev's party "United Russia" is leading Russian regional elections

The ruling United Russia party is widely leading in Sunday's Russian regional elections according to preliminary results from the Central Election Commission.

15 March 2010 , 08:00RIA Novosti0

Russia must diversify gas transit to Europe

Deputy Chair of the Russian State Duma and President of the Russian Gas Society Valeriy Yazev said he is convinced that no matter who is in power in Ukraine, Russia should continue its work to diversify its gas delivery routes to Europe.

12 March 2010 , 07:58Ukroil0

Russian billionaires are number one in Europe

Russia has the largest number of billionaires among the European countries, Forbes magazine has said.

11 March 2010 , 11:07RIA Novosti0

Medvedev wants to make the light on Lukoil's car accident

President Dmitry Medvedev on Wednesday ordered Interior Minister Rashid Nurgaliyev to investigate a fatal car crash involving a LUKoil vice president that caused public outrage over a perceived police cover-up.

11 March 2010 , 10:25The Moscow Times0

Russian taxes regime seen as a major problem for Gazprom Neft's foreign partners

Gazprom Neft said Russian taxes are hindering ventures with international oil companies and are the main obstacle for its expansion at home and abroad.

10 March 2010 , 09:45Upstream0

No gas stations monopolist wanted in Russia

The Federal Anti-Monopoly Service wants to ban oil companies from buying and building gas stations in regions where they have at least 35 percent of the market.

10 March 2010 , 08:09The Moscow Times0

Ukraine may join customs union of Russia, Belarus and Kazakhstan

Ukraine will join the Unified Economic Space of Russia, Belarus and Kazakhstan only on the conditions of the World Trade Organization, President Viktor Yanukovych said on Saturday.

09 March 2010 , 10:32RIA Novosti0

Face to face between Yukos and Russian government at the European Court of Human Rights

Thousands of miles (kilometers) from the Siberian jail where its founder is imprisoned, representatives of the ruined Russian oil giant Yukos and the Russian government will meet face to face for the first time at the European Court of Human Rights this week.

05 March 2010 , 00:00Deborah SewardAssociated Press0

Dangerous decrease of savings accounts in Russia

The number of Russians who have savings accounts has decreased to 24% from 31% in the past four months with fewer people saving money in rubles.

04 March 2010 , 09:37RIA Novosti0

No more risk of crisis in Russia but a long period of recovery

A second wave of economic crisis is unlikely in Russia but the country is braced for a long period of recovery after the global financial meltdown.

03 March 2010 , 14:12RIA Novosti0

TNK-BP boosts Russian crude oil production in February

Russia crude production neared a post-Soviet record in February as TNK-BP, the venture owned by BP Plc and a group of billionaires, raised output at new fields in both western and eastern Siberia.

03 March 2010 , 08:30Peakoil0

Gazprom-controlled Gazenergoprombank will merge with Rossia bank

The Federal Anti-Monopoly Service has given shareholders of the bank Rossia permission to expand their business by merging it with the Gazprom-controlled lender Gazenergoprombank.

03 March 2010 , 07:55Alexei RozhkovVedomosti0

Foreign investments in Russia shrank by 21% in 2009

Foreign investment in Russia declined 21% in 2009 to $81.9 billion, the country's top statistics body Rosstat said on Saturday.

01 March 2010 , 08:37RIA Novosti0

Massive decline in purchasing Russian gas in Germany and United Kingdom

Germany, the biggest importer of Russian gas, cut its purchases from Russia's Gazprom by 17.5% last year, while exports to the UK were slashed by 65%.

26 February 2010 , 11:51Upstream0

Kremlin wants to ask to investors what they want to seen privatized

The government is planning to ask investors what assets they would like to buy from the state.

25 February 2010 , 08:39Yevgeniya Pismennaya, Maxim Tovkailo, Anna PeretolchinaVedomosti0

Will Russian gas resist to the future growth of European demand?

The political ramifications of dependence on Russian natural gas are a current, lively topic of debate within the EU...

19 February 2010 , 10:24ScienceDaily0
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Question of the week

Do you believe that oil major’s investments in green energies are reliable?

No because it in opposition with their primary activities
Yes, why should they stay outside of this upcoming trend

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