Russia Detains 2 Jehovah’s Witnesses on Christmas

Authorities in northwestern Russia have detained what they say are two branch leaders of the Jehovah’s Witnesses religious group, investigators said Wednesday. They accused the unnamed 45-year-old and 67-year-old of “organizing extremist activity” in the form of religious services in the city of Vologda. Authorities placed the alleged leader of the Jehovah’s Witnesses’ Vologda branch in…

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Russian industrial enterprises actively contributing to Gazprom’s goals

Release December 24, 2019, 19:15 Economic effect from Gazprom’s import substitution efforts in 2016–2018 is estimated at RUB 20.7 billion. Full range of key equipment created for operating offshore fields. The Gazprom Board of Directors took note of the information about the engagement of Russian industrial and machine-building enterprises in the implementation of the Company’s strategic goals. Gazprom is actively employing various organizational mechanisms to enhance its cooperation with…

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Board of Directors reviews influence of 2019’s events on global energy market outlook

Release December 24, 2019, 19:10 The Gazprom Board of Directors took note of the information concerning the impacts of the events of 2019 on the long-term outlook for the global energy market. It was highlighted that the ongoing global growth in natural gas consumption is one of the chief trends of 2019. China continues to demonstrate significant growth. In 2018, the country’s gas consumption went up by 18 per cent. By the end of 2019,…

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Gazprom Board of Directors approves investment program and budget for 2020

Release December 24, 2019, 19:00 Gazprom’s overall amount of investments for 2020: RUB 1,104.7 billion. This budget will provide full coverage of Gazprom’s liabilities without deficit. The Gazprom Board of Directors took note of the Company’s preliminary operating results for 2019 and the projected investment program and budget (financial plan) for 2021–2022. In addition, the Board of Directors approved the investment program and budget (financial…

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Board of Directors approves Gazprom’s new Dividend Policy

Release December 24, 2019, 18:55 Dividends will be calculated based on adjusted net profit under IFRS. Target level of payouts – at least 50 per cent – is to be reached in three years. Dividend calculation mechanism was made as transparent as possible. The Gazprom Board of Directors approved the new revision of the Company’s Dividend Policy. The document, which was developed as part of the effort to streamline the financial strategy of Gazprom, takes into account…

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Russia Releases Young Protester, Jails Second Protester for Hurting Cop’s Finger

A court in Moscow has ruled to fine and release protester Samariddin Radzhabov for throwing a plastic water bottle at police during anti-government rallies this summer, the Mediazona news website reported Tuesday. Minutes earlier, the Tverskoy District Court sentenced another protester Sergei Surovtsev, 30, to two and a half years in prison for pushing a…

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Security Forces Kidnap Kremlin Critic, Force Him Into Army – Reports

A Kremlin critic and prominent aide of opposition leader Alexei Navalny has reportedly been forcibly conscripted into the military in northern Russia almost 24 hours after he went missing. Ruslan Shaveddinov’s supporters raised the alarm Monday evening when he stopped answering phone calls and colleagues posted pictures of his apartment’s door — which appeared to…

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Project finance documentation signed for Amur Gas Processing Plant

Release December 24, 2019, 15:20 Total amount borrowed: EUR 11.4 billion. Financing is provided by 22 banks from Europe, Asia, and Russia. Unprecedented deal in Gazprom’s history and one of Europe’s largest in last few years. Gazprom Pererabotka Blagoveshchensk and Gazprom completed the signing of project finance documentation for the construction of the Amur Gas Processing Plant (GPP). The total amount of debt financing is EUR 11.4 billion.…

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Russian Journalist Fired After Asking Putin a Question at Presser

A Russian state journalist who asked President Vladimir Putin a question during his  end-of-year press conference last week has been told to resign, the Znak.com news website reported Monday, sparking speculation about the causes for her dismissal. At the press conference on Thursday, Alisa Yarovskaya, a Yamal-Region television channel correspondent, had asked Putin to help…

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Russia’s Internet Is Ready for Isolation, Officials Say After Partial Shutdown

Russia completed a series of tests on Monday checking that its internet services could function if the country were to get cut off from the worldwide web, Deputy Communications Minister Alexei Sokolov said. The tests, conducted over the course of several days on specially designated networks,  follow Russia’s controversial “sovereign internet” law enacted last month,…

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Rosneft Oil Company and Equinor Commence the First Stage of North-Komsomolskoye Field Development

Rosneft Oil Company and Equinor ASA, the shareholders of SevKomNeftegaz LLC, approved the decision to commence the first stage of full-field development of North-Komsomolskoye field.

Moody’s Updates PhosAgro Credit Analysis

The agency noted, among other things, that PhosAgro’s Baa3 rating reflects the Company’s significant global market presence and focus on premium-priced value-added complex fertilizers;  strong margins through the cycle, underpinned by its high-quality mining resources, self-sufficiency in key raw materials, and access to low-cost sulphur and natural gas; and balanced financial policy and public commitment…

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U.S. Concerned as Libyan Conflict Turning Bloodier With Russian Mercenaries

The United States is “very concerned” about the intensification of the conflict in Libya, with a rising number of reported Russian mercenaries supporting Khalifa Haftar’s forces on the ground turning the conflict into a bloodier one, a senior State Department official said on Saturday. The United States continues to recognize the Government of National Accord (GNA)…

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Alexey Miller lays out details of Protocol on gas cooperation with Ukraine, effective January 1, 2020

December 21, 2019, 17:25 Alexey Miller, Chairman of the Gazprom Management Committee: “In line with the Protocol on gas cooperation, Gazprom and Naftogaz will sign an agreement to settle their mutual claims under the existing contracts, thereby restoring the balance between the interests of the parties. According to the settlement agreement, no new claims shall be filed, the pending arbitration and legal claims shall…

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Gazprom and Sinopec discuss potential avenues for cooperation

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Li Yong, Vice President of China Petrochemical Corporation (Sinopec Group), took place today in St. Petersburg.

The parties discussed their potential areas of cooperation.

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Russia Recruits Syrian Kurds to Replace U.S.-Led Forces – VOA

Russia has opened recruitment centers for a new military force in northeastern Syria aimed at replacing U.S.-backed Kurdish groups that neighboring Turkey views as terrorists, the Voice of America broadcaster reported Thursday. Turkey and its Syrian rebel allies launched a cross-border offensive against the Kurdish militia after President Donald Trump pulled U.S. forces from the…

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Erdogan Says Turkey Won’t Be Silent Over Russian-Backed Mercenaries in Libya

President Tayyip Erdogan said on Friday that Turkey will not stay silent over Russian-backed mercenaries supporting Khalifa Haftar in Libya, as Moscow voiced concerns over possible Turkish military deployment to Libya in support of Haftar’s enemies. Turkey has backed Libya’s internationally recognized government led by Fayez al-Serraj and the two sides signed a security agreement…

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Gazprom to Build the World’s Northernmost Petrochemical Plant in the Arctic

Russian state energy company Gazprom is planning to construct a giant petrochemical plant in Bovanenkovo, the company’s hub on the Yamal Peninsula. It will be able to produce about 3 million tons of plastics products polyethylene and polypropylene per year, several sources in the company told Vedomosti business daily. If built, the plant will be the northernmost…

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Russia Upholds U.S.-Israeli Woman’s 7.5-Year Airport Marijuana Sentence

A court in Moscow has upheld U.S.-Israeli tourist Naama Issachar’s seven-and-a-half year prison sentence on drugs charges Thursday in a case that has strained ties between Russia and Israel. Naama Issachar, 25, was found guilty of drug possession and smuggling last month. Moscow airport authorities had found 9.6 grams of cannabis in Issachar’s luggage during her…

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Trump Official Slams New Anti-Russia Sanctions in Leaked Letter

Donald Trump’s administration has slammed a new package of tough anti-Russia sanctions advanced by U.S. lawmakers earlier this week, The Daily Beast reported Thursday, citing a leaked letter from a State Department official.  The U.S. Senate Foreign Relations Committee approved draft legislation Wednesday that would impose new sanctions against Russia’s banking, energy and ship-building sectors…

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Putin Dodges Question on Daughters’ Identity

Russian President Vladimir Putin sidestepped a question about the identities of his two daughters at his annual end-of-year news conference on Thursday. Named sources have told Reuters — but later retracted their statements — that one of Putin‘s adult daughters is Katerina Tikhonova, who runs publicly funded projects and takes part in competitive rock’n’roll dancing. Media have identified Putin‘s…

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