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• December 27, 2010 by Russia Briefing
  

  Turkmenistan to Shut Down Russian Mobile Service Provider

  Dec. 27 – Mobile TeleSystems (MTS), Russia’s largest mobile operator, faces US$585 million of lost profit from MTS Turkmenistan operations in the next five years after the government ordered it to end subscriber contracts and dismantle 90 percent of its network, CEO Mikhail Shamolin said last week. On December 15, MTS received special notice from[…..]
• December 22, 2010 by Russia Briefing
  

  Netherlands to Become Russia’s Top Trade Partner

  Dec. 22 – The Netherlands has made itself Russia’s top trade partner for the period from January 2010 to October 2010, accounting for 10 percent of Russian trade turnover. According to federal statistics, other top trade partners are Germany (8.3 percent), Italy (6.1 percent), France (3.7 percent), and Poland (3.4 percent). Dutch companies have been[…..]
• December 21, 2010 by Russia Briefing
  

  Businesses to Donate Funds to Russian Political Party in Power

  Dec. 21 – The political party in power United Russia mainly lives on the alms-basket, Russian daily Vedomosti reports. According to official information, for the past five years (2005-2009) United Russia has collected about US$16.7 million in party dues, about US$54 million from the state budget, and more than US$200 million from private donors.
• December 20, 2010 by Russia Briefing
  

  Russia’s Biggest Stock Exchanges May Merge

  Dec. 20 – The MICEX stock exchange, Russia’s largest by volume of shares traded, has asked investment banks Credit Suisse and Morgan Stanley to make a valuation of rival bourse RTS ahead of possible merger, a central bank board member said. The two bourses have held on-off talks about a merger – a deal many[…..]
• December 16, 2010 by Russia Briefing
  

  Georgia May Veto Russia’s WTO Accession Plans

  Dec. 16 – Georgia may veto Russia’s accession to the World Trade Organization. For the Georgians to wave Russia through would mean a de facto recognition of the independence of Abkhazia and South Ossetia because Moscow treats them as independent states and conducts trade relations with the them directly. The government of Mikheil Saakashvili said[…..]
• December 14, 2010 by Russia Briefing
  

  Russia and United States to Boost Civilian Nuclear Energy Cooperation

  Dec. 14 – The U.S.-Russian Agreement for Cooperation in the Field of Peaceful Uses of Nuclear Energy passed approval procedures at the U.S. Congress, allowing the two countries to significantly expand cooperation in civilian nuclear energy. The agreement did not require an explicit approval of the legislators – it is approved if the Congress doesn’t[…..]
• December 13, 2010 by Russia Briefing
  

  World Bank to Invest US$165 Million for Renewable Energy

  Dec. 13 – The Russian Renewable Energy Program, an experimental program by the World Bank’s International Finance Corporation, the Global Environment Facility and the Russian Energy Agency, will work together to develop a regulatory framework to assist renewable energy projects, expand access to financing, and directly inject funds into private projects. “This is the first[…..]
• December 9, 2010 by Russia Briefing
  

  Bloomberg to Pay US$3.87 Million in Fines

  Dec. 9 – Moscow’s arbitration court Wednesday ordered the U.S. news agency Bloomberg to pay US$3.87 million in fines and taxes. Information on Bloomberg LP’s contestation of the decision from the Federal Tax Service’s Moscow Branch No. 47 was posted on the web site of the Moscow Arbitration Court.
• December 8, 2010 by Russia Briefing
  

  Investors Expect Gains from Russia in 2011

  Dec. 8 – Leading investors are looking to emerging markets again to create their biggest gains in 2011 with Russia, Reuters reports. Speakers at the Reuters 2011 Investment Outlook Summit being held in London and New York see gains in emerging markets as the best bet for returns next year. The potential for gains from[…..]
• December 7, 2010 by Russia Briefing
  

  Norilsk Nickel to Restart its Lake Johnston Nickel Ops in Australia

  Dec. 7 – Russia’s Norilsk Nickel, the world’s top nickel and palladium producer, has said it will restart its idle Australian asset Lake Johnston, which mines sulphide ore and produces nickel concentrate. The decision was announced during a business trip of the General Director of MMC Norilsk Nickel Vladimir Strzhalkovsky to the company’s Australian assets.