Russian and Ukrainian companies signed a final five-year agreement safeguarding Russian gas transit to Europe via Ukraine, Kremlin-controlled gas giant Gazprom and Ukrainian President Volodymyr Zelenskiy said on Monday night. The deal, which came just 24 hours before the current agreement expires on Tuesday, averted a potential Russian gas-flow interruption to Europe and helped Moscow avoid…
December 30, 2019 “Following five days of continuous bilateral negotiations, final decisions and arrangements have been reached in Vienna. At the same time, a whole set of agreements and contracts has been signed, and one can fairly say that these arrangements represent a major package deal that has restored the balance between the interests of the parties. These documents are coming into…
Release December 30, 2019, 23:55 Pursuant to the Protocol of December 20, 2019, Gazprom, Naftogaz of Ukraine, Gas Transmission System Operator of Ukraine and the Ministry of Justice of Ukraine signed a package of documents providing for Russian gas transit across Ukraine to continue beyond December 31, 2019. Gazprom and Naftogaz of Ukraine concluded an irrevocable settlement agreement stipulating that all outstanding arbitration and judicial claims…
On December 29, the Federal Environmental, Industrial and Nuclear Supervision Service (Rostechnadzor) issued a second additional service life extension license for Unit 4 of Novovoronezh NPP for 13 years. Thus, the unit will serve for 60 years instead of thirty years as designed. Over 40 events, including those to improve safety, were carried out to…
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…
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…
The X session of the Joint Coordination Committee on the Project of Unit 2 modernization and life extension at Armenian NPP took place in Moscow on 26 December. The representatives of the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia, Haykakan Atomayin Electrakayan JSC (Armenian NPP), Armatom Scientific Research Institute JSC, Rosatom…
A Russian court has declared the country’s richest woman a fugitive over her failure to appear in a criminal libel case, the RBC news website has reported. Yelena Baturina, former Moscow Mayor Yury Luzhkov’s widow, was reportedly sued by her brother’s financial manager this fall. She is alleged to have defamed the manager in an…
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…
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…
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…
If there’s one phrase that encapsulates the changes in St. Petersburg in 2019 it’s this: “St. Petersburg is back on Russia’s agenda.” The slogan is being promoted by the city’s new governor Alexander Beglov — a close Kremlin ally — and it implies that Russia’s second largest city will receive greater financial and political benefits…
Ukrainian government forces and pro-Russian separatists in the east completed a large-scale prisoner swap on Sunday after bussing scores of detainees in the five-year conflict to an exchange point in the breakaway Donbass region. The swap should help build confidence between the two sides, who are wrangling over how to implement a peace deal after…
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…
UN Security Council members are due to meet informally on Monday for a second round of negotiations on a Russian and Chinese proposal to lift a raft of sanctions on North Korea, a move that some diplomats say has little support. China and Russia are convening negotiations a day before North Korean leader Kim Jong…
Ukrainian government forces and pro-Russian separatists in eastern Ukraine completed a full prisoner swap on Sunday after bussing remaining detainees in the five-year conflict to an exchange point in the breakaway Donbass region. The exchange is likely to be hailed by Ukrainian President Volodymyr Zelenskiy as proof he is making good on a promise to…
The United Nations said 235,000 civilians had fled their homes in rebel-held northwestern Syria during a Russian-backed campaign of air strikes and shelling this month. The U.N. Office for the Coordination of Humanitarian Affairs (OCHA) said the exodus had taken place between Dec. 12 and 25. Most people had fled the city of Maarat al-Numan,…
Two people have been killed and one injured in a fire in an elevator at Russia‘s Novatek northern oil and gas field, news agencies reported on Saturday citing emergency ministry officials. The fire broke out at East-Tarkosalinskoye field, Novatek’s most mature oil and gas field, in Yamal Nenets region, the Interfax news agency said. The…
Pity poor Russian Christmas! Russian Christmas is the poor relation in the winter holiday line-up. In the Orthodox world, Easter has always loomed liturgically larger than Christmas, particularly so in northern countries, where the return of spring is always welcomed with particular fervor. Thanks to the discrepancy between the Julian and Gregorian calendars, Orthodox Christmas…
Release December 27, 2019, 19:40 Gazprom boosted Yamal gas production center’s resource base. Kruzenshternskoye field’s gas reserves were increased by 360 billion cubic meters. Hi-tech directional well was built. Subsurface use right was granted for Sopochny block in YaNAA’s Tazovsky District. The Federal Agency for Mineral Resources approved the expert opinion of the State Reserves Commission with regard to the calculation…
Early Sunday evening, several hundred Jews gathered on Ploshchad Revolyutsii, a central square in Moscow, for the 30th straight year to celebrate the start of the eight-day Jewish holiday of Hanukkah. Behind the back of a large statue of Karl Marx — the godfather of the Soviet Union — revelers danced to traditional Jewish music…
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…
Russia’s military has deployed its first Avangard hypersonic intercontinental ballistic missile (ICBM), Defense Minister Sergei Shoigu was cited as telling President Vladimir Putin on Friday. Putin, who said the nuclear-capable weapon would be deployed by late 2019, has touted the Avangard’s ability to evade U.S. missile defense systems. Russia said it showed the missile system…
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…
Russia’s population could drop by more than 12 million by 2035, the national statistics office said in its annual forecast published Friday. Russia’s overall population dropped for the first time in a decade last year, totaling 146.8 million as migration inflows hit record lows. It totaled 146.7 million so far in 2019, the State Statistics…
Iran, China and Russia began joint naval drills on Friday in the Indian Ocean and Gulf of Oman, in what Moscow said was an unprecedented exercise in naval cooperation and training. Waters around Iran have become a focus for international tensions, with the United States exerting pressure for Iranian crude oil sales and other trade…
Two former members of an elite Russian special forces unit have been charged with two contract killings, the state-run RIA Novosti news agency reported Thursday. Their affiliation to security services emerged after Russia’s Investigative Committee announced it had detained three men in connection with contract killings that were carried out in 2008 and 2012 in…
Moscow starts celebrating New Year’s Eve early. The Moscow Times picked only the best parties, where you can dress up, listen to some great music or rave till the break of dawn. VEU 2020: December 28 VEU stands for “Evening of Esthetic Joys” as it’s organized by a promo group called Esthetic Joys, responsible for one…
U.N. Secretary-General Antonio Guterres has repeatedly expressed concern to Washington over U.S. visa delays for officials from Russia and other countries, a U.N. spokesman said on Thursday after Moscow accused Guterres of turning a blind eye. Moscow says Washington has deliberately delayed issuing visas to Russian officials traveling to the U.N. headquarters in New York,…
Galina Volchek, the director of Sovremennik — one of Moscow’s most popular theaters — has died aged 86 on Thursday. Volchek made her stage debut in 1956, when she and other rebellious young actors co-founded the Sovremennik. She headed the theater since 1972 and was named its artistic director in 1989. Volchek’s cause of death…
U.S. President Donald Trump on Thursday warned Russia, Syria and Iran against killing civilians in Syria’s Idlib province and said Turkey was working hard to stop the “carnage.” “Russia, Syria, and Iran are killing, or on their way to killing, thousands if innocent civilians in Idlib Province. Don’t do it! Turkey is working hard to…
Israel has refused entry to nearly 6,000 Russians this year as it attempts to contain the increase in asylum applications from Russian travelers, the Haaretz newspaper reported Thursday. Israeli officials have noted a surge in asylum requests from Russian citizens in recent years, leading officials to triple the number of times they denied entry to…
A Russian court sentenced three high-ranking police officers on Thursday to six and seven years in prison for raping a young colleague last year. The three men were charged with attacking and raping their 23-year-old victim after drinking alcohol with her at a police office in October 2018. The Kirov District Court in Ufa found…
ROSATOM has completed the first phase of wind turbines’ commissioning at its wind farm at Adygea. This marks an important milestone in further development of low-carbon programs at ROSATOM. Adygea Wind Farm with total capacity of 150 MW, which construction has been recently completed at Shovgenovsky and Giaginsky districts of the Republic of Adygea, proved…
The first Russian-made nuclear fuel assemblies with experimental accident-tolerant fuel rods (ATF) for commercial reactor have been manufactured and passed acceptance inspection at Novosibirsk Chemical Concentrates Plant, a fabrication facility of ROSATOM’s TVEL Fuel Company. Already in the first quarter of 2020, they should be loaded into one of VVER-1000 reactors at Rostov NPP. Each…
Five Russian gas, oil and metals magnates ended the year as the country’s biggest earners with a collective $26.9 billion haul, Forbes Russia reported Thursday. All five individuals are among Russia’s 6 richest people. Here is how much Russia’s biggest movers earned in the last 12 months, according to Forbes. 1. Vladimir Potanin,…
China, Iran and Russia will hold joint naval drills starting on Friday in the Indian Ocean and Gulf of Oman, China’s Defense Ministry said on Thursday, amid heightened tensions in the region between Tehran and Washington. China will send the Xining, a guided missile destroyer, to the drills, which will last from Dec. 27 to…
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…
Russian authorities raided the Moscow headquarters of opposition politician Alexei Navalny on Thursday, using power tools to gain entry before dragging Navalny out by force and confiscating technical equipment such as laptops. Navalny and his allies said the raid on his Anti-Corruption Foundation (FBK) was carried out by the Federal Bailiffs Service and was connected…
2019 was an impressive year in the Russian business world. The Russian stock market was one of the best performing anywhere in the world — up more than 40% in dollar terms and setting new record highs in the process. Corporate profits soared — rising 12% and on track to pass the landmark 15 trillion…
December 26, 2019 Dear colleagues, Today, we are taking stock of the year 2019. This year has already become a landmark in the history of the gas industry. A tremendous amount has been achieved. First and foremost, the Power of Siberia gas pipeline has come onstream. As you know, on December 2, the Company launched Russian pipeline gas supplies to China. This is a market with enormous potential. Power…
Russian military police have taken over another base that was recently abandoned by the United States in northern Syria, the state-run TASS news agency reported Thursday. U.S. troops reportedly held the former school building as a base north of Raqqa, the former de facto capital of the Islamic State terrorist group, until “days ago.” Russian…
President Vladimir Putin said Russia has a “pipe-laying vessel” to complete the construction of the Nord Stream 2 gas pipeline to Germany, Kommersant daily reported citing unnamed sources on Thursday, following sanctions imposed by Washington. Putin spoke about the vessel to a gathering of Russian top businessmen late on Wednesday, Kommersant reported. He said, according…
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…
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…
Russia should join its smaller neighbor Belarus rather than forcing Minsk to join Moscow’s orbit, Belarussian President Alexander Lukashenko quipped Tuesday, days after the latest round of integration talks between the two ex-Soviet allies. Moscow and Minsk are members of a bilateral “union state” and have in recent months discussed a projet for even deeper…
How do you achieve fast growth, without compromising macroeconomic stability? That is the central dilemma which has faced Russian policymakers since 2014. When it came to making a choice between the two, stability won out nearly every time. Following the annexation of Crimea, provision of support for pro-Russian separatists in Eastern Ukraine and interference in…
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…
Low-cost airline Ryanair and other budget carriers are expected to start flying from Russia’s St. Petersburg airport in 2020, the Russian Transport Ministry said. The move is part of Russia’s plan to boost tourist flows to St. Petersburg and will mean more competition for Russian air carriers, including national flag carrier Aeroflot. The ministry said…
Russian President Vladimir Putin blamed Polish officials on Tuesday for siding with the Nazis prior to World War II in comments sparked by a recent European resolution. The European Parliament in September condemned the 1939 Molotov-Ribbentrop Pact — a Soviet-Nazi non-aggression deal — for the outbreak of World War II and blamed modern Russia for…
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…
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,…
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…
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…
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…
U.S. President Donald Trump imposed sanctions last week on the Nord Stream 2 pipeline designed by Moscow to bypass Ukraine and increase gas supplies via the Baltic Sea to Germany, Russia‘s biggest energy customer. The United States wants to sell more of its gas to Europe and has said the pipeline would make the continent…
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…
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…
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.…
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…