Month: October 2008

October 6, 2008

Energy Blast – Oct 6, 2008

TNK-BP says it has ‘fully resolved’ its shareholder dispute. The first section of the East Siberia-Pacific Ocean (ESPO) oil pipeline has been opened in Yakutia. Peru will begin construction of a 700-mile pipeline to carry natural gas to its impove...
October 6, 2008

Today in Russian Business – Oct 6, 2008

Oleg Deripaska has handed over his $912 million stake in Canadian auto parts maker Magna to creditors. Deripaska’s Basic Element says it sees ‘no bottom’ to the credit-market turmoil and, consequently, has stopped hiring staff. How is Russia’s mid...
October 6, 2008

RA’s Daily Russia News Blast – Oct 6, 2008

TODAY: South Ossetia explosion as Russian troops pull out; Georgia denies involvement. Chechnya names street after Putin; Duma may pass bill to help fight on corruption; US denies it is competing with Russia for affections of former Soviet states....
October 5, 2008

Grigory Pasko: Dumbing Down Russia

“We were right to beat the crap outta them…” or The fruits of the moronization of the population Grigory Pasko, journalist Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда. A couple of days ago I went to v...
October 5, 2008

A Scapegoat for Domestic Use

From Mike Sigov at the Toledo Blade: Russia’s figurehead president, Dmitry Medvedev, blamed the United States for “setting Russia up.” The absurdity of this accusation brings to mind Mark Twain’s The Adventures of Tom Sawye...
October 4, 2008

Deripaska Abandons Magna Stake

Back in August, 2007, we were doing quite a lot of blogging about the shareholding arrangement between the large Canadian auto parts manufacturer and Oleg Deripaska’s Russian Machines – a business arrangement which generated a lot of s...
October 3, 2008

Russia’s Blame Game on the Financial Crisis

This is from Dmitry Medvedev’s joint press conference with Angela Merkel following the Petersburger Dialog: One of the complicated issues we discussed was the financial crisis. We have realised once again that the current global financial se...
October 3, 2008

Sechin to Get a New Gig?

Or perhaps I should say Igor Sechin has just added another job to his long list of government portfolios and extremely profitable business perks. Today it was announced that the silovik grand wizard has been nominated to the board of electricity t...