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    KORES to Invest US$1 Billion in Chinea Deposit

    Dec. 31 – Russian billionaire Oleg Deripaska’s En+ Group agreed with South Korean investors led by state-owned Korea Resources Corp. (KORES) to jointly develop a Siberian copper and iron ore deposit in which the Koreans will invest at least US$1 billion. The Chinea polymetallic deposit is located in the Zabaikalsky region of Russia. The South[…..]

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    TNK-BP to Swap Assets with Indian ONGC

    Dec. 29 – Russian oil group TNK-BP may swap some of its assets with Indian state-run explorer Oil & Natural Gas Corp., Mikhail Fridman, the head of TNK-BP said on Monday. TNK-BP may offer some of its assets to ONGC in order to gain the Indian company’s approval to buy BP Plc’s stake in a[…..]

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    Russia to Purchase Mistral-Class Helicopter Carriers from France

    Dec. 28 – Russia has agreed to buy two helicopter carriers from a French-led consortium, the French and Russian governments said on Friday. Russia has been negotiating with France for months to buy the Mistral-class ships, in its first ever purchase of military hardware from a member of NATO.

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    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[…..]

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    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[…..]

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    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.

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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