Day: November 19, 2019
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Board of Directors reviews prospects of shale gas and LNG industry
Release November 19, 2019, 19:00 Shale gas production is expected to continue in just a few countries around the world besides the United States. In 2019, Europe’s last remaining project for shale gas development was abandoned. Most of growth in LNG imports up to 2030 will come from Asia-Pacific. The Gazprom Board of Directors took note of the information about the growth prospects of the shale gas and liquefied natural…
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Both strings of TurkStream filled up with gas
Release November 19, 2019, 18:50 Gazprom is successfully implementing major investment projects. Preparations are being made for first pipeline supplies of Russian gas to China via Power of Siberia gas pipeline. Welding is finished at linear part of gas pipeline extending to Slavyanskaya compressor station, starting point of Nord Stream 2. The Gazprom Board of Directors expressed its approval of the Company’s ongoing work on its major investment projects. The…
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Arctic’s Biggest Air Polluter Nornickel Shuts Down Smelter at Infamous Factory
Russia’s Norilsk Nickel, the world’s largest nickel and palladium miner, has begun closing down its smelter in the northern Russian city of Nikel just a month after it first announced its plans. Forty-four employees at the furnace will soon turn off the heat for the last time. “The shutdown of the smelter will be going in stages until the end of…
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Russian Lawmakers Discouraged From Foreign Contacts at Victory Day Events – Reports
The Kremlin wants Russian lawmakers to refrain from inviting high-level foreign guests to Victory Day commemorations next spring, the Open Media news website reported Monday. President Vladimir Putin has invited several foreign leaders, including U.S. President Donald Trump and French President Emmanuel Macron, to attend Russia’s parade marking the end of World War II on…
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Russia’s Domestic Violence Problem Is ‘Exaggerated,’ Justice Ministry Says
The Russian government doesn’t see domestic violence as a “serious problem” and believes that its scale is exaggerated, the country’s Justice Ministry said in an official response to Europe’s human rights court obtained by the Kommersant business daily. The European Court of Human Rights (ECHR) this summer had asked Russia to respond to questions regarding…
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Russia’s Largest Drug Lab Busted
Police have busted what they say is Russia’s largest synthetic drug lab on a farm outside Moscow, the Interior Ministry said in a statement Tuesday. Police published footage of the clandestine lab on a four-hectare farm in the city of Serpukhov 100 kilometers south of Moscow. It estimated that 1.5 metric tons of synthetic drugs…
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Russia Condemns Turkey for Floating Idea of New Syria Operation
Russia said on Tuesday it was bewildered by a Turkish pledge to conduct a new military operation in northern Syria if the area was not cleared of people Ankara calls terrorists, warning that any such move would damage efforts to stabilize the region. Turkish Foreign Minister Mevlut Cavusoglu was cited on Monday as saying his country…
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Activists Block Train Carrying German Radioactive Waste to Russia
Greenpeace activists have blocked a train in Germany carrying a shipment of radioactive waste destined for Russia, the environmental organization said Monday. German exports of depleted uranium hexafluoride, a byproduct of uranium enrichment, resumed to Russia earlier this year. The shipments had been halted in 2009 by Russia’s state nuclear company Rosatom following reports that…
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Russia Says U.S. Backing for Israeli Settlements Blow to Peace Process
Russia’s Foreign Affairs Ministry said Tuesday that a U.S. decision to effectively back Israel’s right to build Jewish settlements in the occupied West Bank undermined the legal basis for a settlement of the Israeli-Palestinian conflict. U.S. Secretary of State Mike Pompeo on Monday abandoned Washington’s four-decade-old position that such settlements were “inconsistent with international law.”…
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Russia Lawmakers Claim Foreign-Funded ‘Camps’ Train Protesters
The Russian parliament’s commission on foreign interference said it has found several “camps” that allegedly receive funding from abroad to train protesters, both in-person and online, the Kommersant business daily reported Tuesday. Lawmakers formed the commission after this summer’s wave of protests in Moscow, accusing several news outlets and the U.S. Embassy in Russia of…
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Sberbank Finalizes Mail.Ru Partnership
Russian corporate heavyweights Sberbank and Mail.Ru have finalized a new strategic partnership just one day after Sberbank confirmed it would step-back from its role in tech giant Yandex. In a series of announcements, Sberbank and Mail.Ru confirmed today the terms of a new joint venture to cover their food and taxi businesses, which the pair…
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Russian Ruble Least Volatile Since 2015
Ruble volatility has fallen to its lowest level in five years, amid a pause in sanctions pressure from the U.S. and more stable macroeconomic policies from the Russian government. The ruble’s implied volatility on the financial markets — a measure of how extreme traders expect swings in the value of the currency will be over…
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Hundreds Form Human Wall in Siberia to Protest Bus Terminal
As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world. Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from…
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Russian Court Rejects Appeal by Ex-U.S. Marine Held on Spying Charges
A Russian lawyer for Paul Whelan, a former U.S. Marine held in Moscow on spying charges, urged the United States and other countries on Tuesday to push for a prisoner swap with Moscow that could get his client released. Whelan, who holds U.S., British, Canadian and Irish passports, was arrested in December and accused of espionage.…
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On This Day in 1711 Mikhail Lomonosov Was Born
Mikhail Lomonosov was Russia’s most famous and most impressive polymath: a scientist, geographer, writer, historian, poet and grammarian, who was one of the founders of Moscow University. Among his many accomplishments was the discovery of Venus and the law of conservation of mass in chemistry. The son of a prosperous peasant family in Russia’s far…
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Russian Companies Launch Tours to War-Torn Syria
Russian tour operators have begun selling organized tours into war-ravaged Syria despite government warnings for citizens to avoid the country, the Kommersant business daily reported Tuesday. Syria has been wracked by eight years of conflict after anti-government protests in 2011 devolved into civil war. Russia launched a military campaign in 2015 to support its ally…
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In Push for Africa, Russia’s Wagner Mercenaries Are ‘Out of Their Depth’ in Mozambique
When John Gartner, a former Rhodesian soldier who now heads the military security company OAM, was approached by a Mozambican official to help fight the Islamist insurgency in the country’s north, he thought he was about to win a lucrative contract. “We presented them with a first-class proposal in early August. We have so much…
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Fitch Ratings Affirms PhosAgro’s BBB-/Stable Credit Rating
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR) (“PhosAgro”, the “Company”), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Fitch Ratings has affirmed the Company’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘BBB-’ and Short-Term Rating at ‘F3’. The Outlook for the rating is Stable. In its announcement, Fitch Ratings notes…