Swedbank’s High-Risk Russian Secrets

Russian oligarch Mikhail Abyzov built a complex network of offshore companies that were used to move a fortune out of Russia, according to a Swedbank internal draft report obtained by OCCRP and its Swedish partner, national public TV channel Sveriges Television (SVT).  Today he’s charged with defrauding the Russian government and investors of US$60 million,…

Russia Unlikely to Cut Oil Output

Russia is unlikely to agree to deepen cuts in oil output at a meeting with fellow exporters next month, but could commit to extend existing curbs to support Saudi Arabia, three sources said. The Organization of the Petroleum Exporting Countries meets on Dec. 5 at its headquarters in Vienna, followed by talks with a group…

Board of Directors reviews prospects of shale gas and LNG industry

Release November 19, 2019, 19:00 Shale gas production is expected to continue in just a few countries around the world besides the United States. In 2019, Europe’s last remaining project for shale gas development was abandoned. Most of growth in LNG imports up to 2030 will come from Asia-Pacific. The Gazprom Board of Directors took note of the information about the growth prospects of the shale gas and liquefied natural…

Both strings of TurkStream filled up with gas

Release November 19, 2019, 18:50 Gazprom is successfully implementing major investment projects. Preparations are being made for first pipeline supplies of Russian gas to China via Power of Siberia gas pipeline. Welding is finished at linear part of gas pipeline extending to Slavyanskaya compressor station, starting point of Nord Stream 2. The Gazprom Board of Directors expressed its approval of the Company’s ongoing work on its major investment projects. The…

Russian Lawmakers Discouraged From Foreign Contacts at Victory Day Events – Reports

The Kremlin wants Russian lawmakers to refrain from inviting high-level foreign guests to Victory Day commemorations next spring, the Open Media news website reported Monday. President Vladimir Putin has invited several foreign leaders, including U.S. President Donald Trump and French President Emmanuel Macron, to attend Russia’s parade marking the end of World War II on…

Russia’s Domestic Violence Problem Is ‘Exaggerated,’ Justice Ministry Says

The Russian government doesn’t see domestic violence as a “serious problem” and believes that its scale is exaggerated, the country’s Justice Ministry said in an official response to Europe’s human rights court obtained by the Kommersant business daily. The European Court of Human Rights (ECHR) this summer had asked Russia to respond to questions regarding…

Russia’s Largest Drug Lab Busted

Police have busted what they say is Russia’s largest synthetic drug lab on a farm outside Moscow, the Interior Ministry said in a statement Tuesday. Police published footage of the clandestine lab on a four-hectare farm in the city of Serpukhov 100 kilometers south of Moscow. It estimated that 1.5 metric tons of synthetic drugs…

Activists Block Train Carrying German Radioactive Waste to Russia

Greenpeace activists have blocked a train in Germany carrying a shipment of radioactive waste destined for Russia, the environmental organization said Monday. German exports of depleted uranium hexafluoride, a byproduct of uranium enrichment, resumed to Russia earlier this year. The shipments had been halted in 2009 by Russia’s state nuclear company Rosatom following reports that…

Russia Says U.S. Backing for Israeli Settlements Blow to Peace Process

Russia’s Foreign Affairs Ministry said Tuesday that a U.S. decision to effectively back Israel’s right to build Jewish settlements in the occupied West Bank undermined the legal basis for a settlement of the Israeli-Palestinian conflict. U.S. Secretary of State Mike Pompeo on Monday abandoned Washington’s four-decade-old position that such settlements were “inconsistent with international law.”…

Russia Lawmakers Claim Foreign-Funded ‘Camps’ Train Protesters

The Russian parliament’s commission on foreign interference said it has found several “camps” that allegedly receive funding from abroad to train protesters, both in-person and online, the Kommersant business daily reported Tuesday. Lawmakers formed the commission after this summer’s wave of protests in Moscow, accusing several news outlets and the U.S. Embassy in Russia of…

Sberbank Finalizes Mail.Ru Partnership

Russian corporate heavyweights Sberbank and Mail.Ru have finalized a new strategic partnership just one day after Sberbank confirmed it would step-back from its role in tech giant Yandex. In a series of announcements, Sberbank and Mail.Ru confirmed today the terms of a new joint venture to cover their food and taxi businesses, which the pair…

Fitch Ratings Affirms PhosAgro’s BBB-/Stable Credit Rating

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR) (“PhosAgro”, the “Company”), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Fitch Ratings has affirmed the Company’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘BBB-’ and Short-Term Rating at ‘F3’. The Outlook for the rating is Stable. In its announcement, Fitch Ratings notes…

ROSATOM Engineering Division has won the annual contest of yearly reports of the companies working in Russia

The Engineering Division of ROSATOM has won the XXII annual contest of yearly reports in the nomination “For the best quality of information presentation on sustainable development”. The Moscow Exchange and RCB media group are  organizers of the contest which has been held since 1997 and is the main platform for presentation of yearly reports…

Russian Billionaire Moves to Launch Orthodox ‘Troll Farm’ – Reports

An influential pro-Kremlin billionaire wants to bankroll a conservative religious troll farm, the Open Media news website has reported, citing an unnamed political scientist who works with the Kremlin. Konstantin Malofeev has long financed the Kremlin’s drive to spread so-called “family values,” including last year’s U.S.-Russian summit of right-wing Christians who oppose same-sex marriage and…

Russia-Brazil Business Council Discusses Prospects for Increased Trade Between the two Countries

Brasilia, Brazil – Andrey Guryev, CEO of PhosAgro, Chairman of the Russia-Brazil Business Council, and Second Deputy Chairman on the Russian side of the Intergovernmental Russian-Brazilian Commission for Trade, Economic, Scientific and Technical Cooperation — acted as Russian co-chair of the Russian-Brazilian Business Forum, held in the Brazilian capital as part of the BRICS summit.…

Russia Trades Captive Spies With Norway, Lithuania in Cold War-style Swap

Russia, Norway and Lithuania conducted an exchange of spies on Friday, securing the return of several captured agents to their home countries, the head of Lithuanian counterintelligence said. Previous reports suggested that Moscow, Oslo and Vilnius were discussing exchanging two Russians jailed in Lithuania, two Lithuanians sentenced for spying in Russia, and a Norwegian, Frode…

Expert Calls for Demolition of St. Petersburg’s Center to Save Money

ST. PETERSBURG — A controversial proposal from a Moscow architecture expert to tear down St. Petersburg’s historical center as a cost-saving measure sparked heated debate at an international cultural forum on Thursday. Architect Vladimir Shukhov first proposed the plan in September, arguing that Russia’s second-largest city could not afford to preserve its aging historical center…

Chairman of Russia–Brazil Business Council Andrey Guryev, Brazilian Cabinet Members Discuss Prospects for Expanding Cooperation Between Companies from Both Countries

Brasilia (Brazil) – Andrey Guryev, Chairman of the Russia–Brazil Business Council, a member of the Management Board of the Russian Union of Industrialists and Entrepreneurs, and the Second Deputy Chairman for Russia to the Intergovernmental Russian–Brazilian Commission on Trade, Economic, Scientific and Technical Cooperation, met with cabinet members and leaders of non-governmental organisations in Brazil…

ROSATOM signed a memorandum of understanding in the healthcare field with the Apulia region of Italy

On November, 13, Rusatom Healthcare (ROSATOM industry integrator in the field of radiation technologies in medicine and industry) Director General Aleksandr Shibanov, president of the region Apulia  (Republic of Italy) Michele Emiliano, representatives of Sechenov University (Moscow) and Bari University, as well as JSC Isotope signed a memorandum of understanding in order to develop and…

Special screening of “Russia from Above” held in St. Petersburg

Release November 14, 2019, 20:30 Gazprom has contributed to the making of the film “Russia from Above.” The film has attracted 30 million viewers in Germany alone. The St. Petersburg International Cultural Forum hosted a special screening of “Russia from Above,” a documentary made by German filmmakers with support from the Gazprom Group. The audience was offered a bird’s-eye view of many Russian regions: from the…

Russia Recognizes Bolivia’s Interim Leader as Violence Continues

Russia has recognized violence-plagued Bolivia’s interim president until the South American nation’s next elections, the state-run RIA Novosti news agency quoted a senior diplomat as saying Thursday. Bolivia’s pro-Russian President Evo Morales resigned and fled the country this week to ease the violence that has been ongoing since a disputed vote last month. Senate vice-president…

Gazprom gains RUB 20.7 billion from its 2016–2018 import substitution efforts

Release November 14, 2019, 16:00 Russian enterprises have invested RUB 17.8 billion in development and production of goods to be supplied under long-term contracts with Gazprom. Full range of key equipment has been created for operating offshore fields. Corporate process safety management system is being continuously enhanced. The Gazprom Management Committee took note of the information about the engagement of Russian industrial and machine-building enterprises in the…