ROSATOM has manufactured first Russian accident-tolerant fuel for commercial reactors

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…

Moscow Will Take Retaliatory Action Against British Media

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…

Speech by Alexey Miller at conference call on occasion of New Year’s Eve

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…

Russia Takes Over Third U.S. Base in Syria

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…

Russia Has Vessel to Build Nord Stream 2, Putin Says

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…

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…

Here’s How Russia Celebrated Christmas Eve (in Photos)

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 in 2020: Will the Economy Grow Faster?

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…

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…

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,…

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…

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…

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.…

Turkey, Russia Talk Syria as Thousands Flee Bombing

A Turkish delegation was in Russia on Monday for talks on Syria, following reports that Russian-backed attacks there were forcing tens of thousands more Syrians to flee towards Turkey. Turkey already hosts about 3.7 million Syrians — the world’s biggest refugee population. President Tayyip Erdogan said on Sunday it could not handle a new influx and…

New Russian Su-57 Stealth Fighter Crashes During Tests

A Russian fifth-generation stealth fighter jet has crashed during tests in the country’s Far East, news agencies reported Tuesday. The incident occurred days before Russia’s Aerospace Forces were due to receive their first serial-produced Sukhoi Su-57 fighter jet. Its developer Sukhoi plans to deliver a total of 67 fifth-generation Su-57s to the Russian Aerospace Forces…

Russian Jews Сelebrate Hanukkah Across the Country

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…

Putin Launches Direct Train Service to Crimea

President Vladimir Putin launched Russia’s first direct train to Crimea on Monday, opening railway service along a now-completed $4 billion bridge that links continental Russia to the annexed peninsula. Dozens of Western countries targeted Russia with economic sanctions over its annexation of the Black Sea peninsula from Ukraine in 2014 following an unrecognized referendum. The…

Russian Special Forces Show Fifth-Graders How to Beat Crowds

A special forces unit demonstrated its melee combat skills to elementary school students in central Russia last week, sparking outrage among parents, a local television station has reported. Prison service guards wearing helmets and bearing shields showed fifth-graders how to club an imaginary enemy at a school auditorium in the Chelyabinsk region town of Zlatoust,…

Greece to Extradite Russian Cybercrime Suspect to France

Greece will extradite a Russian man suspected of having laundered billions of dollars in the digital currency bitcoin to France, the justice minister decided on Friday, court officials said. Alexander Vinnik, the alleged mastermind of a $4 billion bitcoin laundering ring, is one of seven Russians arrested or indicted worldwide this year on U.S. cybercrime…

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…

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…

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…

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…