Russian liquified natural gas (LNG) is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin, global commodities information provider S&P Global Platts quoted a Shell executive as saying. LNG is a fuel that has been cooled to liquid form so it takes up less volume and…
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Russia’s lumber, wildlife and water resources have a combined worth of 6 trillion rubles ($94.2 billion), the Natural Resources and Environment Ministry has estimated. The Russian economy is heavily reliant on exports of its resources. Last week, the ministry said that the combined worth of its oil, gas and other natural resources as of 2017…
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Corruption in Russia’s military has quadrupled to 7 billion rubles ($109.8 million) last year, the top federal military prosecutor said on Thursday. Russia ranks among the world’s most corrupt countries in international ratings, with corruption-related crimes costing an estimated $2.5 billion in damages between 2014 and 2017. Observers have said that anti-graft campaigns under President Vladimir Putin’s rule have brought little progress. “The crimes in…
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Last year, the 100th anniversary of the execution of the last members of the Romanov dynasty passed in Russia without much official attention. The exception was in Yekaterinburg, where the family was killed and where thousands of pilgrims gathered to mark the day of their murder. But in Moscow the State Historical Museum has been…
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The Kremlin on Thursday said that flights by U.S. nuclear-capable B-52 strategic bombers across the Baltic Sea’s neutral waters near Russia‘s borders created tension in the region. Russia‘s Defense Ministry said earlier on Thursday that it had scrambled fighter jets to intercept a U.S. B-52 strategic bomber after it began flying toward Russia‘s borders. “In general, I…
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Average life expectancy in Russia has reached 73 years, a top health official said on Thursday. Russia plans to spend 1.7 trillion rubles ($26.68 billion) on dramatically improving health care to accomplish President Vladimir Putin’s goal of raising life expectancy to 78 years by the time his term ends in 2024. Average life expectancy rose…
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Average life expectancy in Russia has reached 73 years, a top health official said on Thursday. Russia plans to spend 1.7 trillion rubles ($26.68 billion) on dramatically improving health care to accomplish President Vladimir Putin’s goal of raising life expectancy to 78 years by the time his term ends in 2024. Average life expectancy rose…
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In 2018, Rosneft Group Companies planted about 1 million seedlings as part of forest conservation measures. Rosneft Oil Company established the main task among its environmental protection efforts, which is to minimise the impact of its production activities on the environment, and to preserve it for the benefit of the present and future generations. The…
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A majority of Russians think a controversial new set of laws will effectively reduce the spread of false information online, according to a state-run survey published on Wednesday. This week, President Vladimir Putin signed into law legislation that will fine online media for spreading “fake news” and punish those who exhibit “blatant disrespect” to the…
DetailsThe call for applications has now closed for the ATOMEXPO AWARDS. This international professional award is presented to companies/organizations for their contribution to the development and use of nuclear energy for the benefit of humankind. The competition is held as part of the 11th ATOMEXPO International Forum, which will take place at the Main Media…
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An aging leader steps down as president but keeps a firm grip on the reins of power. For many in the Kremlin, the choreographed events unfolding in neighboring Kazakhstan are a model for Russian President Vladimir Putin to consider. Unlike his Kazakh counterpart Nursultan Nazarbayev, however, nobody’s certain Putin could pull off a transfer of…
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Russia has wrapped up construction of its first rail bridge to China, connecting the two countries across the Amur River, Russian media reported on Thursday. Construction of the 2,200-meter bridge between Nizhneleninskoye in Russia and Tongjiang city in China began in 2014, underscoring Russia’s Eastern pivot amid deteriorating ties with the West. China completed construction…
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Russia’s parliament has created a task force to assess damages to Crimea during its more than two decades as part of Ukraine. Russia annexed Crimea from Ukraine in March 2014, incurring economic sanctions and international isolation. Moscow calls the annexation of the Black Sea peninsula a reunification with its historical territory. “We will analyze the…
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Ukrainian President Petro Poroshenko on Wednesday signed a decree broadening sanctions against Russian companies and citizens to include aluminum and power producer En+ Group and several other Russian firms. Kiev imposed sanctions against some Russian firms and individuals in response to Russia‘s annexation of Crimea in 2014 and its support for a pro-Moscow insurgency the east of Ukraine. Wednesday’s…
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Release March 20, 2019, 20:40 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Area (YaNAA), took place today at the Bovanenkovskoye field. The parties expressed appreciation for the large-scale cooperation between Gazprom and the YaNAA. It was noted that the Company is rapidly developing the Yamal gas production center. In late 2018, the Bovanenkovskoye field,…
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President Vladimir Putin has replaced three more governors ahead of regional elections later this year as low ratings for the ruling United Russia party risk upsetting its hold on power. Sixteen regions are scheduled to elect new governors on Sept. 8 this year. Putin replaced 10 leaders in Oct. 2018 after an unpopular government move…
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The strategy to 2025 aims to further expand PhosAgro’s presence in its priority domestic and premium export markets and strengthen its position as a producer of pure phosphate-based fertilizers with low levels of potentially-harmful heavy metals with one of the lowest cash costs of production. The strategy covers the following key areas: Further develop efficient,…
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It’s not all smiles for Russia as it slips down the global happiness rankings for a third consecutive year, according to an annual UN report published on Wednesday. The World Happiness Report ranks 156 countries by variables that support well-being, including GDP per capita, social support, healthy life expectancy, social freedom, generosity and absence of corruption.…
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Russia’s President Vladimir Putin sent a congratulatory telegram to the new acting president of Kazakhstan, Kassym-Jomart Tokayev, hours after he was named the new leader of the Central Asian country. Tokayev was sworn in as Kazakhstan’s president on Wednesday, a day after Putin’s close ally Nursultan Nazarbayev unexpectedly resigned after three decades in power. Kazakhstan…
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Russian prison guards may soon be required to apologize to inmates for violating their rights, new regulations drafted by the federal penitentiary system show. Last year, the Federal Prison Service (FSIN) launched nationwide inspections at its facilities in the wake of leaked videos showing guards torturing inmates at a prison in the Yaroslavl region. The…
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President Vladimir Putin has kicked off the full-scale development of one of Russia’s largest proven gas fields in the Yamal peninsula, the Kremlin reported on Wednesday. The Kharasaveyskoye gas field is located in the Yamal-Nenets autonomous district, a key gas-producing region in an economy that heavily relies on gas exports. This month, Russia’s Natural Resources…
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This article appeared in our special “Russia in 2019” print issue. The road to “New Life” is bumpy. Only recently opened, the entrance to the apartment complex in Belgorod, a provincial city on the border with Ukraine, has yet to be paved. Already, though, young mothers can be seen pushing strollers along bike paths as their toddlers scramble over Danish playground…
DetailsThe premiere of a new documentary “Wild Edens: South Asia,” the third in a series that highlights the issue of climate change, took place in Mumbai, India. Focusing on the flora and fauna in the one-of-a-kind natural habitats of India and Bangladesh the documentary was filmed in a number of remote locations, including the Western…
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Moscow – PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, today announces its consolidated IFRS financial results for the three months (4Q) and 12 months (FY) ended 31 December 2018. Revenue in 4Q 2018 rose by 30% year-on-year to RUB 59.4 billion (USD 893…
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Release March 20, 2019, 12:45 Photos A ceremony was held today in the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field. Attending the event were Alexey Miller, Chairman of the Gazprom Management Committee, Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Area, and heads of Gazprom’s relevant subdivisions and subsidiaries. Vladimir Putin addressed the event participants in his opening speech via a conference call. The Kharasaveyskoye…
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More than twice as many people have died in Russian plane crashes last year than in 2017, a top interregional aviation safety organization has said. Aviation safety has come under scrutiny after a spate of air accidents in Russia in 2018, including a deadly collision outside Moscow in February 2018 that killed 71 people. A…
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High-level U.S.-Russian talks on how to defuse Venezuela’s crisis ended on Tuesday with the two sides still at odds over the legitimacy of President Nicolas Maduro. Russia has said Maduro remains the country’s only legitimate leader whereas the United States and many other Western countries back Juan Guaido, head of the opposition-controlled National Assembly who…
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Scores of buses stopped traveling their regular routes and fruit stands closed in the Siberian city of Yakutsk following protests sparked by allegations that Central Asian migrants raped a local woman, Russian media have reported. Three suspects were detained on charges of kidnapping and raping a local resident this week. Hundreds of locals attended rallies…
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Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has declared that 2018 was an outstanding year for the Company’s in terms of its operational and financial performance. In summing up the 2018, PhosAgro CEO and Board of Directors member Andrey Guryev,…
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Russia will stop publishing monthly data that’s shown a slump in disposable incomes for five straight years after the indicator was criticized for using methodology that’s decades out of date. The Federal Statistics Service will start releasing quarterly income data starting next month and historical numbers will be recalculated going back to 2013, head Pavel…
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Six volunteers from Russia and the United States locked themselves up for four months on Tuesday (March 19) for a space experiment ahead of the 50th anniversary of the first Moon landing. Three males and three females are participating in the SIRIUS-19 isolation study, in which they will live, work and research in isolation from the rest of the…
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March 20, 2019 PJSC Severstal and Global Venture Alliance (GVA) announce the launch of Severstal SteelTech Accelerator – Russia’s first full-scale industrial accelerator for start-ups in the metallurgical industry. Severstal SteelTech Accelerator’s main goal is to find innovative solutions in the industrial sector which can be successfully integrated into Severstal’s production cycle. The window for…
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March 20, 2019 According to the agency, the «Expert RA» rating agency assigned the credit rating of the non-financial company Severstal to ruAAA, which corresponds to the highest level of solvency/financial reliability/ financial stability according to the national scale. The rating outlook is stable. The Expert RA credit rating has been assigned to Severstal for…
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Release March 19, 2019, 19:40 The Gazprom Board of Directors took note of the information about the work being done by the Company to promote natural gas (methane) as a vehicle fuel. It was stressed that wider use of NGV fuel was one of Gazprom’s strategic thrusts in the domestic market. The Company is involved in the NGV refueling infrastructure development, cooperates with manufacturers of natural gas-powered machinery and refueling…
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Release March 19, 2019, 19:35 The Gazprom Board of Directors expressed its approval the Company’s ongoing work on its major investment projects. One the Company’s current priorities is the Eastern Gas Program. Gazprom is gearing up for the launch of pipeline gas supplies to China that is scheduled for December 1, 2019. The work on the Power of Siberia pipeline is ahead of schedule. At present, the construction of the pipeline between Yakutia and the…
DetailsOne of the key events of the year happened at Unit 2 of Leningrad Phase II which is under construction. Erection of the inner containment of the reactor has been completed. The last tier was concreted up to 67 meters in height. Now, the builders will be able to start constructing the highest section of…
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British Foreign Secretary Jeremy Hunt condemned the sentence handed out to a prominent human rights activist by a court in Chechnya, calling it “an awful example of Russia suppressing vital work of human rights defenders.” Oyub Titiyev, who runs the office of the Memorial Human Rights Center in the southern Russian region, was sentenced to…
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Russia’s national flag carrier Aeroflot will introduce hand luggage-only fares for some of its medium-haul flights at the beginning of April, the Kommersant business daily reported on Tuesday. The new fares come after increased passenger demand for charges to reflect this lighter style of travel. The discounts will apply to select flights operated by Aeroflot…
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Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, saying his oil-rich Central Asian nation now needed “a new generation of leaders.” Nazarbayev, 78, the last Soviet-era leader still in charge of his country, said he would retain key security council and party leader positions while handing over the presidency to…
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The Russian Navy has shared a video of a new Borey-style nuclear ballistic missile submarine for the Day of the Russian Submariner, celebrated in Russia on March 19. Vladimir Korolev, commander-in-chief of the Russian Navy, congratulated submariners on their professional holiday, adding that Russia’s submarine program is being actively developed, the Izvestia news website reported. Navy…
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Nearly 200 people are currently being held as political prisoners in Russia, the Memorial Human Rights Center has estimated. “There are civil and political activists who are pursued because of their activity, and those jailed for exchanging scientific information or reposting in social networks,” Memorial, one of Russia’s oldest and most prestigious human rights organizations,…
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Special Counsel Robert Mueller, examining potential conspiracy between President Donald Trump’s 2016 campaign and Russia, is leading the latest in a series of U.S. investigations conducted by prosecutors outside usual Justice Department channels in recent decades. The release of the findings by previous investigators analogous to Mueller has been handled differently over the years, sometimes with…
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Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow supported the Algerian government’s initiative to hold talks with the opposition after weeks of protests. Lavrov made the comments after meeting Algeria’s Deputy Prime Minister Ramtane Lamamra in Moscow on Tuesday. Lavrov said earlier on Tuesday that Russia was concerned by the protests in Algeria which he…
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A Moscow court has ruled that a feminist Reebok ad urging readers to “sit on a man’s face” did not insult a male plaintiff’s feelings, Russian media reported on Tuesday. PR expert Oleg Voronin sought 200,000 rubles ($3,100) in moral damages from Reebok’s parent company Adidas last month over the racy ad. Following public outcry,…
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A Moscow court has ruled that a feminist Reebok ad urging readers to “sit on a man’s face” did not insult a male plaintiff’s feelings, Russian media reported on Tuesday. PR expert Oleg Voronin sought 200,000 rubles ($3,100) in moral damages from Reebok’s parent company Adidas last month over the racy ad. Following public outcry,…
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RN Gas Fuel Company, a subsidiary of Rosneft Oil Company, has become a member of the National Gas-Vehicle Association where it will continue to develop the gas-vehicle market and increase the level of use of natural gas as motor fuel. The National Gas-Vehicle Association is an industrial solutions development platform that engages design engineers, builders,…
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RN-Yuganskneftegaz, a subsidiary of Rosneft Oil Company, has produced the 400-millionth tonne of oil in Maysky region since the start of commercial exploration of the regional fields. The first field in the area put into commercial exploration in 1976 was South-Balykskoye field. In 2018, Maysky region produced 18.9 million tonnes of oil, a 15% increase…
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Russia will not destroy its intermediate-range nuclear missiles that the United States claims violate an unraveling Cold War-era arms control treaty, its Foreign Ministry said on Tuesday. The U.S. said last month it would withdraw from the Intermediate-Range Nuclear Forces (INF) Treaty in six months unless Moscow ends what Washington says are violations of the…
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Marlen Khutsiev, one of the Soviet Union and Russia’s most innovative and beloved film directors, died on Tuesday morning at the age of 93. Khutsiev was born in Tiflis (now Tbilisi, Georgia) in 1925. His father (ne Khutishvili) was a communist with a pre-Revolutionary socialist pedigree, who, after serving in high positions within the Soviet…
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Moscow’s cost-of-living ranking has plummeted over the past year in comparison to other cities worldwide, the Economist Intelligence Unit’s Worldwide Cost of Living survey has found. The decrease in living costs is linked to high inflation and currency deprivation, the survey reported. The Russian capital has fallen 16 places from 86th to 102nd in the…
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A Hyundai Motor Group unit and Russia’s biggest technology company Yandex NV will jointly develop autonomous vehicles based the South Korean automotive giant’s cars. Carmakers and tech companies are racing to rollout self-driving cars. Mercedes-Benz parent Daimler and BMW have set aside traditional rivalries, while Volvo Cars and Baidu Inc. have joined forces to develop…
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Release March 19, 2019, 12:20 A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Serbia today. As part of the visit, Alexey Miller met with Aleksandar Vucic, President of the Republic of Serbia, in Belgrade. The parties discussed the main areas of their cooperation, focusing, in particular, on the beginning of the construction of the Pancevo TPP which is going to become the first combined cycle…
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The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts. The unusual recommendation to cancel next month’s scheduled meeting means the group probably won’t decide whether to prolong its supply curbs until late June,…
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An EU citizen has been placed in solitary confinement, denied visitation with his wife and subjected to a grueling daily regimen while awaiting trial in central Russia, the Jehovah’s Witnesses told The Moscow Times. The federal penitentiary service of Kirov region did not immediately respond to requests for comment. Andrzej Oniszczuk, 50, was one of…
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U.S. investor Michael Calvey wants to steer away from the politicization of his detention on suspicion of multimillion dollar fraud in Russia, he told Russian tabloid Moskovsky Komsomolets in an interview. “I don’t want to politicize this story and try to distance myself from everything that could lead to that,” Calvey told the Moskovsky Komsomolets…
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A court in Chechnya on Monday sentenced Oyub Titiyev, a prominent human rights activist, to four years in a penal settlement after finding him guilty of possessing illegal drugs, a charge his supporters say was trumped up. Titiyev, who runs the office of the Memorial Human Rights Center in the southern Russian region, was detained in…
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A court in Moscow has returned to the prosecutors a case against American national Gaylen Grandstaff who faces 20 years in Russian prison for ordering a cleaning product containing a chemical banned in Russia. The judge in the case has decided to release Grandstaff from the pre-detention facility before the second hearing. “The court returned…
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Russia has signed a $2 billion contract for the supply of more than 20 Su-35 fighter jets to Egypt, the Kommersant news daily reported on Monday, citing two senior defense industry officials. Russia has become one of Egypt’s largest arms suppliers as Egyptian President Abdel-Fattah el-Sisi has developed friendly ties with President Vladimir Putin. The…
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Residents in the Siberian city of Yakutsk held an unauthorized rally on Sunday after unconfirmed reports alleged that Central Asian migrants raped a local woman. On March 17, a female Yakutsk resident was kidnapped and raped, then fled after her captor fell asleep, the Yakutsk Prosecutor’s Office said in a statement. A source in the…
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