Full-scale development of Kharasaveyskoye field starts in Yamal Peninsula

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…

U.S.-Russia Talks on Venezuela Stall Over Role of Maduro

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…

PhosAgro Board of Directors Calls 2018 Results Outstanding

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,…

Russia Ditches Real Income Data That Has Slumped for Five Years

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in disposable incomes for five straight years after the indicator was criticized for using methodology that’s decades out of date.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…

Mock Moon Flight Experiment Begins in Russia

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…

«Expert RA» assiged «Severstal» ratig to ruAAA

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…

Severstal lauches SteelTech Accelerator with Global Veture Alliace

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…

NGV fuel becoming increasingly popular in Russia

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…

Board of Directors reviews progress of major investment projects

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…

Russian Navy Shows Off Ships For Day of Submariner

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…

Russia’s Political Prisoners, in Photos

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,…

The Long And Winding Road to U.S. Special Counsel’s Russia Report

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…

Russia Backs Algerian Government Plan For Talks With Opposition

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…

Rosneft Becomes Member of National Gas-Vehicle Association

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,…

Director Marlen Khutsiev Has Died

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…

Moscow Nose-Dives in Global Living Cost Rankings

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…

Hyundai Signs Deal With Russia’s Yandex for Autonomous Cars

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…

Alexey Miller and President of Serbia Aleksandar Vucic discuss main areas of cooperation

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…

EU Citizen Abused in Russian Jail – Jehovah’s Witnesses

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…

Crimeans Take to the Streets in Celebrations, in Photos

The pro-Kremlin Night Wolves motorcycle gang staged a celebratory concert outside Sevastopol on Saturday to mark the fifth anniversary of Russia’s annexation of Crimea. The event was marked by patriotic fervor and featured a display of military equipment, a rock concert, the unfurling of the largest Russian flag in the world and an awards ceremony…

Russia Will Respond to New EU Sanctions — Reports

Russia will respond to new European Union sanctions, its Foreign Ministry said on Saturday, without saying what action it would take. The EU on Friday added eight more Russians to its sanctions list over a stand-off between Russia and Ukraine in the Azov Sea, including senior security service officials and military commanders that the EU accuses of preventing Ukrainian…

Tycoon Deripaska Sues U.S. Over Sanctions

Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the “latest victim” in the U.S. probe into Moscow’s alleged election interference. In what legal experts called a long shot attempt, Deripaska asked a federal court in Washington to…

Alexey Miller and Francois Fillon discuss current trends in European gas market

Release March 15, 2019, 18:50 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Francois Fillon, French politician, took place today in St. Petersburg. The parties touched upon the current trends in the French and European gas markets, while also highlighting the successful operation of the Nord Stream gas pipeline and the importance of the Nord Stream 2 gas pipeline construction for…

Demand for Russian gas in France continues to grow

March 15, 2019, 18:45 A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Isabelle Kocher, CEO of ENGIE, took place in St. Petersburg today. Through their respective representants, Gazprom and ENGIE discussed current Russian gas supplies to France. By the end of 2018, Gazprom increased gas exports to the Republic on 5.4% compared with 2017 – to 12.9 billion cubic meters. At the beginning…

U.S. Asks Russia for Proof Detained Ex-Marine Is a Spy

The United States on Friday asked why Russia had not provided any evidence to back up its accusation that Paul Whelan, a detained former U.S. marine, was a spy, a day after Whelan alleged he was being mistreated by a “kangaroo court.” Whelan, who holds U.S., British, Canadian and Irish passports, was detained in a Moscow hotel…

Russian Lawmaker Detained on $49M Bribe-Taking Charges

A Russian State Duma deputy from a small opposition party has been detained on suspicion of accepting 3.2 billion rubles ($49 million) in cooperation with a former governor. Vadim Belousov, 58, had been deprived of official immunity in December in connection with a bribery investigation into fugitive ex-Chelyabinsk region governor Mikhail Yurevich. His detention follows…

Russia Considers Tightening Alcohol Rules

Russia could raise the legal drinking age to 21 from 18 and restrict alcohol sales in residential areas this year, according to the RBC news website. The change would be part of President Vladimir Putin’s ambitious plan to overhaul Russia’s economy by the end of his last term in office. The total spend will be…

EU Sanctions Eight Russians Over Azov Sea

The European Union sanctioned on Friday eight more Russians over a stand-off with Ukraine in the Azov Sea, including senior security service officials and military commanders that the bloc accuses of preventing Ukrainian ships from reaching port. Last November, the Russian navy captured 24 Ukrainian sailors and their vessels in the Kerch Strait, which links…

Russians Conflicted Over Crimea Annexation’s Value

Despite still approving of their country’s 2014 annexation of Crimea from Ukraine, fewer Russians view it as beneficial on the fifth anniversary of the annexation, a state-run survey has found. Independent polls have shown a yearly uptick in the percentage of Russians who believe that their country benefited from “the return of Crimea” despite economic…

Travel the World With Your Taste Buds at Depo

An old tram depot in the center of Moscow has become the city’s latest foodie haven. Depo Food Mall, which opened last month near Belorussky Station, houses more than 200 stalls, shops and restaurants serving food from all over the world. It continues Moscow’s food revolution that started when the Soviet-era Daniilovsky Market got a…

“Treasures from the Palace Museum” exhibition opens in Moscow with support of Gazprom

Release March 14, 2019, 19:15 Photos An exhibition entitled “Treasures from the Palace Museum: The Flourishing of China in the 18th Century” opened today at the Moscow Kremlin Museums. The exhibition was organized with the support of Gazprom. The opening ceremony was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Olga Golodets, Deputy Prime Minister of the Russian Federation, Mikhail Shvydkoy,…

PhosAgro FY2018 IFRS Results Announcement Date

On 20 March 2019, PhosAgro will publish its audited consolidated IFRS financial statements for twelve months ended 31 December 2018. The Company will hold a conference call and webcast the same day at 13:30 London time (16:30 Moscow; 09:30 New York). The call will be held in English, with simultaneous translation into Russian on a…

How Russia Sank Billions of Dollars Into Venezuela Quicksand

At the end of 2015, managers at Rosneft, the Russian state-controlled oil firm, sounded the alarm to their bosses about the company’s investments in Venezuela. Rosneft’s local partner, Venezuelan state oil company PDVSA, owed it hundreds of millions of dollars, according to internal documents, and there seemed no prospect things would get better. “It will be…