Verkhnechonskneftegaz Explores New Licence Areas

As an operator, Verkhnechonskneftegaz Joint-Stock Company launched field seismic exploration works at the Markhayansky licence area of Rosneft Oil Company, the resources of which is estimated at 50 million tonnes of oil. The area is located on the territory of Katangsky District of Irkutsk Region, 200 km from the Verkhnechonsk field. There are 200 square…

Standard & Poor’s raises Outlook on PhosAgro to Stable, confirms ratings at investment-grade BBB-

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that international credit ratings agency Standard & Poor’s (S&P) has confirmed PhosAgro’s rating at an investment-grade BBB- and raised its Outlook on the rating to Stable from Negative. In its report S&P notes that it expects recovering…

Black Snow Buries Russian Coal Region, Sparks Criminal Case

Russian police have opened a criminal case into air pollution in the Siberian coal-mining region of Kemerovo, weeks after black snow first covered towns in the area. Dark snow descended on the cities of Prokopyevsk, Kiselyovsk and Leninsk-Kuznetsky in mid-February, a phenomenon that has been attributed to rising coal output. Authorities in another Kemerovo town were…

A Soviet Oscar Winner Restored

There wasn’t a Russian film up for the Oscar this year, but a newly restored 1969 Oscar winner is an apt reminder of Soviet cinema’s impact on the sweeping Hollywood epic.  “War and Peace,” director Sergei Bondarchuk’s adaptation of Leo Tolstoy’s classic, expanded the scope, scale and aesthetic ambition of what could play on the…

Putin Orders Government to Support Pop Music

President Vladimir Putin has instructed the government to draw up a plan to support popular music months after young independent artists were pressured to cancel shows in Russian cities. A number of young Russian artists said the authorities had forced them to cancel concerts over allegations of offensive lyrics or extremism. After the brief arrest of…

The Second Atomexpo Awards to be Held at ATOMEXPO 2019

The Second Atomexpo Awards ceremony will take place during the 11th International Forum ATOMEXPO 2019 in Russia’s southern city of Sochi on April 15–16.  Atomexpo Awards is an international professional accolade celebrating outstanding achievements in the nuclear industry and the use of nuclear energy for the benefit of humankind. Awards will be presented in five…

Russia’s Black Market Totaled 20% of GDP in 2018 – Reports

The size of Russia’s shadow economy was equal to 20 percent of the GDP last year, media reported Friday, citing the Rosfinmonitoring state financial watchdog. The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income taxes, as well as under-the-table salaries and other suspicious transactions, in 2018, the RBC news website reported.…

Activists Compare Russia’s Alleged Torture of Jehovah’s Witnesses to Nazi Germany

Russian activists have slammed the recent detentions and alleged torture of Jehovah’s Witnesses in Western Siberia, comparing them to persecution by the Nazis. A spokesperson for the Jehovah’s Witnesses, an organization that Russia labeled extremist in 2017, alleged that at least seven adherents of the religious group had been brutally tortured after being detained last week in the…

Rosneft Launches Unique Ice Research

As part of the agreement concluded at the Eastern Economic Forum 2018, Rosneft together with the Far East Federal University (FEFU) and the Arctic Research and Design Centre (subsidiary of Rosneft corporate Research and Development complex) launched the research of sheet sea ice structural behaviour. For the first time in the global science, ice-exploration is…

Russia Now Has 2 Woman Billionaires, Forbes Says

It’s no longer lonely at the top for Yelena Baturina, Russia’s richest woman and the wife of former Moscow mayor Yury Luzhkov. Forbes Russia said Tatiana Bakalchuk, the co-founder and owner of popular private online retailer Wildberries, joined its women billionaires list on Thursday. The business magazine now estimates Bakalchuk’s net worth at more than…

‘Yiddish Glory’ Rewrites History

The myth still remains that during World War II Jews were more likely to bemoan their fate than to actively resist the Nazis. This is easily disproved by the 300,000-500,000 Jews that are estimated to have fought in the Red Army. But due to anti-Semitic policies in the Soviet Union, many of these stories were…

Gazprom delegation visits Serbia

Release February 20, 2019, 21:20 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, a meeting between Alexey Miller and Aleksandar Vucic, President of the Republic of Serbia, took place in Belgrade. The parties discussed cooperation-related issues, noting in particular the growth in Russian gas exports to Serbia. According to preliminary data, between January 1 and…

Venezuela Accepts Shipment of Russian Humanitarian Aid — Reports

Venezuela on Wednesday received a shipment of humanitarian aid sent from Russia, including medicine and medical equipment, the state-run RIA Novosti news agency reported, citing a Russian diplomatic source. Russia has sided with Venezuelan President Nicolas Maduro in his stand-off with opposition leader Juan Guaido, who declared himself interim president late last month. Maduro retains…

The Highlights of Putin’s Federal Assembly Address

Against a backdrop of falling approval ratings and a faltering economy, Russian President Vladimir Putin began his annual address to the Federal Assembly on Wednesday with an emphasis on domestic issues. Speaking at Gostiny Dvor to 2,000 senior government officials, he focused on questions of internal economic and social development, before discussing Russia’s new missile…

The Definitive Beef Stroganov

One thing I never worry about is how to entertain out of town guests in Moscow.  After twenty-some years, the template has been honed and refined into a delicate balance of classic rubbernecking (the Kremlin, Red Square, the Tretyakov Gallery, Novodeyvichy Convent and Cemetery) and just enough off-the-beaten-track experiences (Danilovsky Market, Garage, Izmailovo) to make…

The Definitive Beef Stroganoff

One thing I never worry about is how to entertain out of town guests in Moscow.  After twenty-some years, the template has been honed and refined into a delicate balance of classic rubbernecking (the Kremlin, Red Square, the Tretyakov Gallery, Novodeyvichy Convent and Cemetery) and just enough off-the-beaten-track experiences (Danilovsky Market, Garage, Izmailovo) to make…

Danske Quits Baltics and Russia as Laundering Case Deepens

Danske Bank A/S will close its operations across the Baltic states and in Russia after authorities in Estonia kicked out the Danish lender amid a deepening money-laundering scandal. The Financial Supervisory Authority in Tallinn took the extraordinary step on Tuesday of ordering Danske to close its operations in the Baltic country. The agency is giving…

Russia’s Putin, Saudi King Ready to Continue Energy Cooperation

Russia’s President Vladimir Putin and Saudi King Salman bin Abdulaziz Al Saud, in a telephone conversation, voiced their support for continued coordination on the global energy markets, the Kremlin said on Tuesday. The Kremlin also said the two leaders praised bilateral cooperation between Russia and Saudi Arabia. “Mutual attitude for further strengthening of multifaceted Russia-Saudi…