Energy Blast – May 27, 2008

Vladimir Putin’s new Presidium, a scaled-down Cabinet, approved long-sought tax benefits at its first meeting, aiming to ward off a production slump by promoting exploration and greenfield development. TNK-BP disagreements “could damage oil production,” and may force Robert Dudley, the venture’s chief executive, to leave his post. It is being reported that Russian shareholders in […]

Today in Russian Business – May 27, 2008

Polyus Gold has dropped its British independent director Lord Patrick Gillford and ordered an investigation into allegations that he is acting for rival Interros Group. Gillford denies the allegations. Morgan Stanley will try to sell the Gorodskoy Ipotechny Mortgage Bank it bought in 2006. Russia’s Agency for Home Mortgage Lending plans to issue $675.7 million […]

RA’s Daily Russia News Blast – May 27, 2008

TODAY: Medvedev allegedly advises football player on how to dodge police; WTO talks continue to see barriers; Politkovskaya suspect released; UN backs Georgia’s claim that Russia is giving military aid to Abkhazia; EU to begin Russia talks in late June; bloggers respond to Wogan. Russia’s WTO negotiator avoided a concrete timeline for entry into the […]

Losing the Plot on Distrigas

Last November we warned our readers to keep a close eye on the important Belgian company Distrigas, as Suez is required to sell its 57.3% stake in the company as part of its merger requirements. Pursued with enormous interest by several European national champions (including EdF and E.ON), Distrigas is a strategically important company, controlling […]

Grigory Pasko: A System of Coordinates

A system of coordinates By Grigory Pasko, journalist Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда. From a Russian newspaper of the end of the 19th century: “From the predictions of the clairvoyant from Tsvetnoy Boulevard: “In Zhitomir on account of the mud will be suspended the movement of minds”. From […]

UN Points to Russia in Georgian Spy Plane Dispute

A new report from the United Nations is alleging that the Russian Air Force is responsible for shooting down an unmanned Georgian spy plane – a decision which bolsters many of Tbilisi’s claims of Moscow’s aggression. This isn’t too surprising considering the video footage that was circulated…

Police Announce Arrest of Kozlovsky Supporters

Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда. Another exclusive translation from Grani.ru: Police: We will detain all picketers in support of Kozlovsky The police are promising to detain all participants in solitary pickets in support of the activist of the «Oborona» movement, Oleg Kozlovsky. As «Echo Moskvy» is broadcasting, about […]

Oborona Leader Hospitalized

Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда. The following is an exclusive translation from Kasparov.ru: Leader of the movement «Oborona» Oleg Kozlovsky hospitalized in intensive care Leader of the youth opposition movement «Oborona» Oleg Kozlovsky on 21 May was placed in intensive care at Moscow hospital No. 23, reported to […]

Get used to it

Oil prices still aren’t high enough By Derek Brower, journalist YOU SPEND just over £1 ($1.95) and you can transport four or five people, and their luggage, about seven miles across the countryside. In those terms a litre of petrol in the UK, where gasoline prices are among the highest in the world, is good […]

Energy Blast – May 26, 2008

Russia will increase its crude export tax by 17% to a record $398.10 a metric ton on June 1. The Telegraph explores the possibility that embattled TNK-BP’s problems “may have been engineered by the Kremlin.” In a move to “circumvent Russia,” Eastern and Central European countries are joining with Central Asian states to speed up […]