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    Russians to Send Oil to China via Northern Sea Route

    Apr. 21 – OAO Sovcomflot, Russia’s largest shipper, and OAO Novatek will send 3-4 cargo of gas condensate on a second voyage across the so-called Northern Sea Route rather than the Suez Canal, a senior Sovcomflot official said on Wednesday. Last August, Sovcomflot shipped a high-tonnage Aframax tanker with 70,000 metric tons of condensate cargo[…..]

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    ThyssenKrupp to Establish Logistics Center in Siberian Altai Region

    Apr. 20 – German’s ThyssenKrupp Elevator representatives held talks on cooperation with the Siberian Altai region authorities, local media reports. At the meeting, the possibility of establishing a logistics center for the assembly of elevator equipment in the region has been discussed. “About 150,000 elevators have to be changed in Russia within the period of[…..]

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    China Investing in Russian Far East More Than Russian Gov’t

    Apr. 19 – China has invested in the development of Russia’s Far East more than the Russian federal government, Xinhua news agency reports. Relations between Russia and China, which fought a border war in 1969, have long been marked by mutual suspicion. In the past, that hampered cross-border economic co-operation. But the benefits of trade[…..]

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    Direct Investment Fund to Be Set Up in June

    Apr. 18 – Russia will set up a US$10 billion Direct Investment Fund in early summer to aid foreign investors, President Dmitry Medvedev said in Hong Kong on Sunday, RIA Novosti reports. The fund will co-finance foreign investment in Russian companies, he said. “Already in summer, the direct investment fund will be created. It will[…..]

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    Foreign Investors to Come Back to Russia

    Apr. 15 – Belief in the profit outlook has lured investors back to emerging markets, including Russia. Spurred by growing conviction that rates will remain low, investors have reduced their cash holdings and increased equity positions, most notably in global emerging markets, according to the BofA Merrill Lynch Survey of Fund Managers for April. The[…..]

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    Russia to Accelerate Economic Integration with Asia-Pacific Region

    Apr. 14 – Today President Dmitry Medvedev will attend Asia’s annual Boao Forum (BFA) Annual Conference in China’s Hainan Island and visit Hong Kong, according to the Kremlin. Ahead of Wednesday’s BRICS summit, Medvedev met separately with the leaders of the other member nations – China, Brazil, India and South Africa, which recently joined the[…..]

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    Russia 77th in Global ICT Report

    Apr. 13 – Russia has moved up three positions this year to 77th overall with improvements across the board, according to The Global Information Technology Report 2010-2011, Transformations 2.0, released yesterday by the World Economic Forum. The report remains the world’s most comprehensive and authoritative international assessment of the impact of ICT on the development[…..]

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    Russia’s Secret Service Looking for Access to Private E-correspondence

    Apr. 12 – Russia’s secret service, the KGB-successor FSB, has proposed banning Skype, Hotmail and Gmail as their “uncontrolled use” could pose a security threat because “security authorities cannot access them,” Alexander Andreyechkin, a service official said during a government meeting last Friday. The Federal Security Service (FSB) is “increasingly concerned” by the mass use[…..]

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    Canada’s Uranium One to be Listed on Russian MICEX

    Apr. 8 – Uranium One Inc., a Vancouver-based producer controlled by Russia’s Atomredmetzoloto (ARMZ), is considering listing in Moscow to attract investors from Russia and Asia. “Most of our shareholders are in North America. We would like to expand our shareholder base, particularly in Asia. We are considering a listing in Moscow,” Fletcher Newton, an[…..]

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    Russian Courts Rule ROs are Permanent Establishments

    Apr. 6 – On December 8, 2010 the Moscow State Commercial Court issued its decision in a case involving an analysis of whether the collection of information can result in an entity being deemed to constitute a permanent establishment under Russian law and the double tax treaty between Russia and the United States. The taxpayer,[…..]

Showing 10 of 1337 articles