Category Archives: Business

Russia Extends Austria Gas Deal to 2040 After Putin’s Visit

Russia’s gas giant Gazprom and Austria’s OMV energy company signed a new deal to extend Russian gas supplies to Austria through to 2040. The deal was signed on the day of Russian President Vladimir Putin’s visit to Vienna, in what was his first trip to the West since visiting Finland in mid-2017 and being re-elected…

Investors Given Extra Month to Divest of Russia’s Sanctions-hit Rusal

The U.S. Treasury on Tuesday gave investors an additional month to divest or transfer their holdings in sanctions targets United Company Rusal Plc, En+ Group Plc and GAZ Group. Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ and GAZ, in…