Category Archives: another

Igor Sechin, Chief Executive Officer of Rosneft, presented a speech “The economic underpinnings of conflicts” at the XXII Doha Forum, which is taking place on December 7-8 in the capital city of Qatar

Sechin: national currencies are real alternatives to the dollar

The use of the dollar as a sanctions instrument has limited its use in international trade, and national currencies, primarily the RMB, have become alternatives to it, Rosneft Chief Executive Officer Igor Sechin said

Europe has become the main victim of sanctions – Rosneft CEO

Europe’s economy has become the most affected by sanctions and has lost the basis of its competitiveness, Rosneft CEO Igor Sechin said during his speech at the Doha Forum

Igor Sechin: sanctions are destroying the global market

The world system built on the absolute dominance of the US and its allies is undergoing a painful transformation, said Igor Sechin, CEO of Rosneft, speaking at the Doha Forum and called for attention to the fact that the economic background that accompanies political decisions is often the main reason for their implementation

Sechin: oil and gas will retain a key role in the global energy mix

Renewable energy sources are unable to meet the growing consumption of energy resources from both developing countries and data centers, thus the role of fossil fuels in ensuring global energy security is becoming strategic, said Igor Sechin, Chief Executive Officer of Rosneft

Igor Sechin gives keynote speech at Special Session of XVII Verona Eurasian Economic Forum

Igor Sechin, the CEO of Rosneft Oil Company, has given the keynote speech, entitled “Farewell to Illusions. Global Energy in the Thucydides Trap” at the XVII Verona Eurasian Economic Forum 2024 in the city of Ras Al Khaimah in the United Arab Emirates

Heads of major energy companies and market experts participated in the Special Session at the XVII Verona Eurasian Economic Forum

The heads of major energy companies and leading market experts took part in a Special Session dedicated to ensuring global energy security at the XVII Verona Eurasian Economic Forum

Igor Sechin Sees Huge Potential for Eurasian Cooperation

The discussion of the XVII Verona Eurasian Economic Forum is dedicated to the specifics of integration processes of the Eurasian space taking into account national interests, built on trust, respect and long-term, Igor Sechin, Chairman of the Forum, Chief Executive Officer of Rosneft, said from the rostrum of the Forum

Igor Sechin: Russia and Its Partners Made Largest Contribution to Stabilizing Global Energy Market

Igor Sechin, Chairman of the Verona Eurasian Economic Forum and Chief Executive Officer of Rosneft, has rejected unfounded accusations against Russia of undermining the foundations of the energy market

Globalisation Exacerbated Global Inequality and Failed to Ensure Stability — Igor Sechin

Globalisation has exacerbated inequality and failed to ensure stability, Rosneft CEO Igor Sechin said

Dollar Dominance Led to Lost Decades for Dozens of Countries – Igor Sechin

US dominance in the global monetary system has led to a series of debt and financial crises, as well as lost decades for dozens of developing countries, Igor Sechin, Chief Executive Officer of Rosneft, said during the XVII Verona Eurasian Economic Forum

Igor Sechin Calls US Government Debt Growth Uncontrollable

The growth of the U.S. government debt has become uncontrollable, and its reduction cannot be achieved through market mechanisms, said Igor Sechin, Chief Executive Officer of Rosneft, during his report at the XVII Verona Eurasian Economic Forum

Igor Sechin: US sanctions undermine confidence in the dollar

The US has lost its primacy in global trade and the US dollar is gradually losing its position as an international payment instrument, Igor Sechin, the Chairman of the XVII Verona Eurasian Economic Forum and Chief Executive Officer of Rosneft, said at the Special Session

Igor Sechin: America Lost Ability to Produce Complex Engineering Product

The United States is rapidly losing its primacy in the technological sector of the global economy and will no longer be able to stop China’s development, Igor Sechin, Chief Executive Officer of Rosneft and Chairman of the Verona Eurasian Economic Forum, said

Rosneft CEO Calls Energy Transition Programme a Sanction Barrier for 88% of the World’s Population

The Energy Transition Programme is a powerful sanction barrier for 88% of the world’s population, said Igor Sechin, Chief Executive Officer of Rosneft Oil Company, at the XVII Verona Eurasian Economic Forum

Igor Sechin: Green dollar shies away from green agenda

Companies in the green economy are unable to meet their targets on time, Rosneft Oil Company CEO Igor Sechin told the 17th Verona Eurasian Economic Forum

Rosneft CEO: EV Boom in the West is Coming to an End

The electric vehicle boom in the West is coming to an end, buyers have become disillusioned with them, said Igor Sechin, Chief Executive Officer of Rosneft, at the XVII Verona Eurasian Economic Forum

Rosneft CEO: Electric vehicle production emissions up to 50% higher than combustion engine vehicles

The level of emissions during the production of an electric car is 35-50% higher than during the production of a car with an internal combustion engine, said Igor Sechin, Chief Executive Officer of Rosneft Oil Company, at the 17th Verona Eurasian Economic Forum

CEO of Rosneft: energy transition requires restructuring of the real, not virtual, economy

The energy transition will require restructuring the real economy, not the virtual one, and more than $70 trillion of investment is needed to achieve the goals of the Paris Agreement by 2050, Rosneft Chief Executive Officer Igor Sechin said

Igor Sechin: Need for “Green” Energy Transition Not Scientifically Substantiated

Calls to abandon fossil fuels due to the impact of the anthropogenic factor on the climate are unfounded, said Igor Sechin, Chief Executive Officer of Rosneft, while delivering a keynote speech at the Special Session of the XVII Verona Eurasian Economic Forum

Rwanda Counting on Russia to Train Nuclear Power Specialists

Rwanda said Saturday it was counting on Russia training its citizens to become specialists in nuclear energy, as the African country bets on nuclear power to boost its energy supply. Moscow is courting fresh diplomatic and economic ties with African countries, and its expertise in nuclear power is seen as one of the major draws…

Russia to Explore Mega Oil Merger – WSJ

Moscow is exploring a plan to merge its three largest oil companies into a single mega oil producer, The Wall Street Journal reported Saturday. Under the merger, state-backed Rosneft Oil would absorb Gazprom Neft—a subsidiary of the natural gas giant Gazprom—and Lukoil, sources familiar with the discussions told The Wall Street Journal. The deal would…

Burkina Faso Says Country Prefers Russia Partnership Over France

Burkina Faso’s foreign minister praised cooperation with Russia on Saturday as “suiting” his country better than its historic ties with France. Following a 2022 military coup, Burkina Faso’s new leadership broke with Paris and has embraced Russia, which has sent army instructors to help Ouagadougou’s fight against an Islamist insurgency. Attending a Russia-Africa summit in…

No ‘Trump Rally’ for Russian Stocks, Tycoons

With the U.S. stock market making record gains on the back of Donald Trump’s election victory, analysts doubt the Russian market can benefit from a Trump rally to the same extent as it did in 2016. The S&P 500 index of 500 leading publicly traded U.S. firms broke the historic 6,000 mark on Nov. 8 for…

Russia Says Summoned Canadian Diplomat to Reject Sabotage Accusations

Moscow summoned a Canadian diplomat on Friday to rebut Western allegations that Russia’s secret services had orchestrated a campaign to mail explosive packages to addresses in NATO countries, including Canada. After a series of fires at DHL depots in Britain and Germany this summer, Russia was accused of being behind a brazen plot to ship…

Russia Seeks 6 Years in Prison for Medic for Criticizing Ukraine War

Russian prosecutors requested a six-year prison sentence for a Moscow pediatrician accused of criticizing the invasion of Ukraine during a private appointment Friday, despite the medic insisting she was innocent. Nadezhda Buyanova was accused by the ex-wife of a soldier killed in Ukraine of criticizing the war. She was arrested in February. The case against…

Russia Designates Stand-Up Comedian Denis Chuzhoi ‘Foreign Agent’

Authorities in Russia designated the exiled stand-up comedian Denis Chuzhoi as a “foreign agent” on Friday. Russia’s Justice Ministry accused Chuzhoi, who used to write for comedy shows on Russian television, of opposing the full-scale invasion of Ukraine — or what the Kremlin insists on calling a “special military operation.” The Justice Ministry used his real…

Russian Court Sentences 2 Soldiers to Life in Prison for Massacring Family in Occupied Ukraine

A Russian military court sentenced two soldiers to life in prison for the murder of a family of nine, including two children, in occupied Ukraine, the business newspaper Kommersant reported Friday. The soldiers, Anton Sopov, 21, and Stanislav Rau, 28, were arrested on Oct. 30, 2023, two days after the Kapkanets family was found shot…

Russian Police Target Romani Community in Fresh Raids, Seizing Weapons and Issuing Draft Notices

Russian law enforcement officers seized weapons and handed out military summons to Roma amid a fresh wave of police raids in the Chelyabinsk region, where a murder last month ignited long-simmering ethnic tensions and sparked local reprisals against the local Romani community. Chelyabinsk region police have carried out at least six “crime prevention” raids over…

Pro-Russia Hackers Ramp Up Cyber Attacks on South Korea, Presidential Office Says

Pro-Russia hacking groups have ramped up attacks against South Korea amid North Korean troop deployments in Russia, South Korea’s presidential office said Friday. Authorities in Seoul said they have convened an emergency meeting due to recent attacks targeting some government and private websites. No major damage has been reported, aside from temporary outages, South Korea’s…

Ukrainian Drone Strike Sparks Blaze at Oil Refinery in Russia’s Saratov Region

Ukraine’s military intelligence claimed responsibility for a drone strike on an oil refinery in southern Russia’s Saratov region that eyewitnesses said sparked a blaze late Friday, according to media reports. “A drone was eliminated over the territory of Saratov overnight. Part of the debris fell in an industrial zone in the Zavodsky district,” Saratov region…

Russian Man Jailed 13 Years for Donating $54 to Ukrainian Army

A Russian court has sentenced a man to 13 years in prison on “treason” charges after he was reported to have donated around $54 to Ukraine’s military. The Moscow City Court said Friday it had found Alexander Kraychik guilty of “high treason” saying he provided “financial assistance to a foreign state [to support] activities against…

Trump’s Win Gives Optimism to Russian Brokers

Russian and Western traders and brokers are optimistic following Donald Trump’s election victory, the Financial Times reported, citing market sources. “All the talk this morning is about how to trade Russia and whether sanctions will be thrown off… [traders at Western banks] are questioning suddenly whether the ruble is now tradeable,” FT wrote. The value of Russian assets rose…

Russian General Alleged to Have Organized Torture Camp Killed in Ukraine – Reports

A Russian army general in charge of a unit alleged to have tortured its own soldiers and murdered a U.S. citizen was reportedly killed in Ukraine this week, becoming the eighth Russian general to die since President Vladimir Putin ordered the full-scale invasion of Ukraine. Major General Pavel Klimenko commanded the Russian ground forces’ 5th Separate…

IKEA Sells Last Remaining Warehouse in Russia

The owner of Swedish furniture retailer IKEA has sold its last remaining property in Russia to a little-known businessman amid an ongoing wartime redistribution of assets. “We are now in the last part of the scaling down process, and we can confirm that we have sold [Ye]sipovo Distribution Center outside of Moscow, as well as remaining…

Russia Signs Security, Energy Deals With Venezuela

Venezuela and its most powerful ally Russia signed agreements Thursday on intelligence-gathering and counter-espionage, as well as energy cooperation, during a visit by a senior Kremlin official to Caracas. Russian Deputy Prime Minister Dmitry Chernyshenko told Venezuelan Vice President Delcy Rodriguez that his country stood ready to support Venezuela’s armed forces with “the most sophisticated…

Putin Says ‘Ready’ to Talk With ‘Courageous’ Trump

Russian President Vladimir Putin on Thursday said he was “ready” to hold discussions with “courageous” Donald Trump, as he congratulated him on his victory in the U.S. presidential election. “I take this opportunity to congratulate him,” Putin said in remarks to the Valdai forum in the southern city of Sochi. Asked whether he was open…

Toll From Russian Attack on Ukraine’s Zaporizhzhia Rises to 4 – Official

The toll from a Russian strike on the Ukrainian frontline city of Zaporizhzhia has risen to four, while two people were killed in a separate attack in the Donetsk region, officials said. Russian forces have stepped up their attacks in Zaporizhzhia in recent days and are making rapid advances in the industrial territory of Donetsk,…

Russian Attack on Ukraine’s Zaporizhzhia Kills 4, Wounds 40

Russian aerial attacks on the frontline city of Zaporizhzhia on Thursday killed at least four people and wounded another 40, including children, officials said. Another two were killed in a separate attack on the eastern Donetsk region, strikes that followed a wave of overnight drone attacks, including on the capital Kyiv. Russian forces have stepped…

Belarusian President Praises Trump, Says U.S. ’Not Ready’ for Female President

Belarusian President Alexander Lukashenko on Thursday praised Donald Trump for his victory in the U.S. presidential election and said the president-elect would deserve a Nobel Peace Prize if he fulfills his campaign promise to end the war in Ukraine. “If he [ends the war], we’ll petition for the Nobel Prize. He’ll be rewarded for doing a…

Belarusian Leader Praises Trump, Says U.S. ’Not Ready’ for Female President

What Trump Has Said About Ukraine Over the Years

U.S. President-Elect Donald Trump has faced repeated scrutiny for what some consider being too soft on Vladimir Putin’s Russia, and even outright accusations of collaboration with Moscow, since he announced his first run for the presidency in 2015. In 2019, the U.S. Congress impeached then-President Trump for a phone call in which he pressured Ukrainian…

Offering Concessions to Russia ‘Suicidal’ for Europe, Zelensky Warns

Ukrainian President Volodymyr Zelensky warned Thursday that offering concessions to Russia to end the war would be “suicidal” for Europe, coming as top Russian officials threatened the “destruction” of Ukraine’s population unless the West engaged in peace talks. Authorities in Kyiv have for months called on their Western allies to double down on past commitments to…

Putin’s Guns-And-Butter Economics Take a Blow as Russia Turns to Turkish Dairy Farmers

Unhappy at Turkey’s continued delivery of guns to Ukraine, Russia is on the other hand only too happy to get hold of a share of Turkey’s butter. Russia began importing Turkish butter last week with an initial 20-ton shipment. President Vladimir Putin has previously contended that Russia’s war economy is well balanced to supply both guns and butter, but fine words…

Hundreds of Russian Tourists Stranded on Cruise Ship in Japan

More than 500 Russian tourists are stranded on a cruise ship docked in Japan, awaiting permission from Tokyo to return home, Russia’s Embassy in Japan said Thursday. The Spectrum of the Seas, operated by Royal Caribbean International, is currently in Yokohama port due to an engine problem, according to social media posts from passengers aboard…

Kremlin Hints at Possible Putin-Trump Call Before January Inauguration

Russian President Vladimir Putin may speak with U.S. President-elect Donald Trump before his inauguration in January, but the Kremlin leader will not initiate contact, his spokesman Dmitry Peskov said Thursday. Trump, who secured a historic second term in the White House on Wednesday, has pledged to end the war in Ukraine before taking the oath…

3 Ways Trump’s Victory Will Impact the Russian Economy

Unlike Trump’s first presidential victory in 2016, which Russian elites greeted with jubilation, the Republican’s comeback is being met with more apprehension in Moscow. At least from an economic point of view, there are no good omens for a second Trump administration. Sanctions pressure set to continue Trump made all sorts of controversial (and contradictory)…

Trump Advisers Push to ‘Freeze’ War in Ukraine, Pause Kyiv’s Bid to Join NATO – WSJ

Advisers to President-elect Donald Trump have put forward several proposals that would effectively freeze the war in Ukraine, solidifying Moscow’s territorial gains, the Wall Street Journal reported Wednesday, citing anonymous sources close to Trump. Trump, who criticized outgoing President Joe Biden’s handling of the Ukraine conflict, vowed during his campaign to end the war before…

U.K. Sanctions Russian Mercenary Groups, Salisbury Poisoning Suspect

The United Kingdom on Thursday introduced a new round of sanctions targeting Russia’s military, private mercenary groups and an intelligence agent suspected of involvement in the 2018 Novichok poisoning in Salisbury. “New targets include suppliers supporting Russia’s military production, Russian-backed mercenary groups operating in Sub-Saharan Africa and a GRU agent involved in the use of…

Russian Court Jails Foreign Student 14 Years for ‘Promoting Terrorism’

A Siberian court sentenced a foreign student to 14 years in prison on charges of promoting and participating in terrorist activities, state media reported Thursday, citing law enforcement officials. The First Eastern Military Garrison Court in Khabarovsk found the student guilty of “justifying and propagandizing” an international terrorist organization since early 2023, according to the…

Russia Sees Surge in Schengen Zone Visa Demand Despite Travel Obstacles

Russians have applied for more visas to Europe’s visa-free Schengen area so far this year than in 2023, despite bureaucratic and geopolitical hurdles, the business newspaper Kommersant reported Wednesday, citing travel industry data. Demand for business and tourist visas to the 29-nation Schengen Zone rose by 35% between January and October compared to the same…

Will a Second Trump Presidency Reshape U.S.-Russia Ties? Experts Weigh In

Donald Trump’s sweeping presidential election victory over Vice President Kamala Harris was welcomed by Russian officials on Wednesday, with many expressing cautious hope for better relations with Washington under the new leadership. Unlike incumbent Joe Biden, who has been one of Ukraine’s staunchest allies in its fight against the full-scale Russian invasion, Trump has built…

Russia’s Central Bank Signals ‘Very Likely’ December Rate Hike

Russia’s Central Bank signaled a high likelihood of raising its key interest rate next month as the country’s rumbling war economy continues to drive inflation far above target levels, according to a new summary of policymakers’ meeting in October. Late last month, the regulator hiked its key rate to a record-high 21%, taking it even further than the emergency rate…

Putin Oversees Launch Ceremony for Russia’s Newest Nuclear Icebreaker

President Vladimir Putin on Wednesday presided over the launch ceremony for Russia’s latest nuclear-powered icebreaker, as Moscow aims to expand its presence in the Arctic and replace markets lost to Western sanctions. “Strengthening the nation’s icebreaker fleet is crucial to our plans for Arctic development and boosting cargo traffic on the Northern Sea Route,” Putin…

Russia’s Supreme Court Upholds Prison Sentence for Ex-Rebel Commander Girkin

Russia’s Supreme Court upheld the four-year prison sentence for nationalist and former rebel commander Igor Girkin, his wife and Russian media reported Wednesday. Girkin, a convicted war criminal in the West and better known by his alias Igor Strelkov, was convicted of “inciting extremism” in January. The 53-year-old was arrested last summer after he criticized…

Putin Won’t Congratulate Trump Just Yet, Top Spokesman Says

Russian President Vladimir Putin does not plan to offer his congratulations to Donald Trump, Kremlin spokesman Dmitry Peskov said Wednesday, as the former U.S. president was on the cusp of securing a second term in the Oval Office. “I’m not aware of any plans by the president to congratulate Trump,” Peskov told reporters shortly after…

Zelensky Says He Hopes Trump ‘Victory’ Will Bring ‘Just Peace in Ukraine Closer’