Year: 2008

March 20, 2008

Good Words from Medvedev

President-elect Dmitry Medvedev seems to be saying all the right things. ITAR-TASS is reporting a very positive speech he gave at the 85th anniversary of the Supreme Court today, in which he argued that legal nihilism is a major brake on Russia...
March 20, 2008

Corporate Oil Espionage in Russia

The raid on BP’s offices in Russia continues to unravel in surprising ways. Today the FSB is announcing that they have arrested a dual U.S.-Russian citizen and employee of TNK-BP as part of a “corporate oil espionage” investigati...
March 20, 2008

Why is BP Still in Russia?

Not a bad question from IHT blogger Daniel Altman: Why didn’t BP just sell off and get out years ago? There was a lesson to be learned in the cases of Mikhail Khodorkovsky and Roman Abramovich, two of the savvy investors who became energy oligarch...
March 20, 2008

Energy Blast, March 20, 2008

Russia’s 49% shareholding in the Mongolian joint venture Erdenet, which produces 25 million tons of ore every year, may be “transferred” to Gazprombank. Shareholders of Sibur Holding, Gazprom’s petrochemical unit, approved a plan to raise $1...
March 20, 2008

Today in Russian Business

The St. Petersburg raw material and commodity exchange will start operating in May, with the government poised to promote companies working on the exchanges, according to Viktor Zubkov. Large champagne houses are “enjoying booming demand” in China...
March 20, 2008

RA’s Daily Russia News Blast – March 20, 2008

TODAY: EU makes provisions for Russia talks; US agrees to let Russia monitor its missile defense system. Other Russia calls for anti-Kremlin coalition; Medvedev talks about holding the government to account; priests advised to carry firearms to de...
March 19, 2008

Another Day, Another Office Raid by Russia’s Police

Remember back to those halcyon days when the Russian government would only raid the offices of primary targets like Yukos, sending teams of OMON with Kalashnikovs and balaclava masks to terrorize employees, seize confidential materials, and destro...
March 19, 2008

The Contagion Effect of Resource Nationalism

One of the problems with resource nationalism is that when one government starts breaking contracts and seizing property, many other governments observe this and wonder why they can’t do the same thing too. This contagion trend takes its cue...
March 19, 2008

Book Review: Gazprom – Russia’s New Weapon

“Gazprom – The New Russian Weapon” by Valery Panyushkin and Mikhail Zygar By Grigory Pasko, journalist Recently, the Russian mass media reported that Gazprom head Miller had met with president Putin to report about the current situatio...
March 19, 2008

Evo Plays the Gazprom Pelota

I am a few days behind in commenting on the signed deal between Gazprom and Bolivia’s state-owned YPFB to develop gas fields in Tarija, but the relationship between these two resource nationalist states appears to be deepening (see my earlie...