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Tag Archives: Moscow

Ukraine expects $17 billion IMF bailout package in early 2015

KIEV: Ukraine expects the International Monetary Fund (IMF) to pay out new and past due loans after a visit next month and still hopes a $17 billion (11 billion pounds) bailout programme can be expanded. Valeria Gontareva declined to give a value for the payment, but it is likely to total more than $4 billion. With its economy pushed close to bankruptcy by a separatist ... Read More »

Russia agrees to supply coal, electricity to Ukraine

KIEV: Russia has agreed on a deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to separatist conflict in the industrial east. Deputy Prime Minister Dmitry Peskov said Russia will supply coal and electricity to Kiev without advance payment as a goodwill gesture from President Vladimir Putin. Peskov said Putin made ... Read More »

US-Russian trade increased by 7pc despite sanctions: Putin

MOSCOW: Russian President Vladi mir Putin said in Moscow, Trade between the United States and Russia has increased by 7 percent, despite US economic sanctions, this week. Putin said when I looked at the statistic today…  it even surprised me a little. It also surprised US Commerce Department officials, who say that while US exports to Russia are up by ... Read More »

Russia’s economy may fall by 3% in 2015 on falling oil prices

MOSCOW: Economy Minister Alexei Ulyukayev said Russia’s economy may fall by 3 percent in 2015, with the average oil price of $ 60 per barrel. Ulyukayev said it turns out previously at this conjuncture recession could reach 3.0 percent. In its latest forecast, for which Ulyukayev was sharply criticized, the Economy Ministry was waiting for the price of oil in ... Read More »

Russian tycoon Timchenko says not interested in buying Bashneft

MOSCOW: Gennady Timchenko Russian tycoon said on Tuesday he was not interested in buying mid-sized oil company Bashneft and would not be interested in doing so in the future. The state plans to hold a sale of the Bashneft shares seized from Sistema. A Moscow court has ruled in favor of transferring Bashneft shares owned by Sistema to the state. ... Read More »

Russia, Azerbaijan customs sign joint cooperation plan

MOSCOW: Azerbaijan’s state customs committee and the federal customs service of Russia have signed a joint cooperation plan in Moscow. Azerbaijani and Russian customs services inked documents in the ceremony. The signed document will see the two countries cooperate in combating customs violations in 2015-2016. Prior to the signing ceremony, Abdullayev met deputy head of the Federal Customs Service of ... Read More »

Russia bans US poultry products containing harmful substances

MOSCOW: Russia imposed a ban on American poultry products as they discovered some “harmful and illegal” substances in the products. The ban applies to all poultry products from America. The temporary ban applies to all poultry and processed poultry products, Russia’s consumer hygiene authority, Rosselkhoznadzor, said in a statement Thursday. The restriction comes into force starting December 5. Russia has ... Read More »

Russia’s Gazprom signs 390 million euros credit line with Italy’s UniCredit

MOSCOW: Gazprom Russia’s top natural gas producer said on Friday it had signed a 390 million euros credit line with Italy’s UniCredit. In the statement announcing Gazprom did not provide the deal any financial terms of the agreement and did not say how it would allocate the resources. Read More »

88 delegations from 47 countries to participate in 4-day Defence expo IDEAS 2014 on Dec 1

KARACHI: 88 delegations from 47 countries are likely participate in the 8th biennial International Defence E­xhib­ition and Seminar (IDEAS 2014) at the Karachi Expo Centre on December 1(tomorrow). In a sign of growing ties between Islamabad and Moscow, Russia will make its first appearance in the four-day exhibition which is expected to attract senior officials from different countries, exhibitors and ... Read More »

Russia’s Meshkov advises EU to lift sanctions against Moscow over Ukrainian conflict

MOSCOW: Alexei Meshkov Russian Deputy Foreign Minister advised the European Union to lift sanctions against Moscow over the Ukrainian conflict and promised to waive its counter measures. In August Moscow banned most Western food imports, worth $9 billion a year, in response to U.S. and European Union sanctions over Russia’s role in Ukraine. Meshkov said we do not expect anything ... Read More »

12 coal-loaded trains scheduled to go to Ukraine: Russia

MOSCOW: The head of state-controlled Russian Railways, Vladimir Yakunin said that trains are planned to go to Ukraine. He said 12 trains loaded with coal are leaving for Ukraine. This is a powerful blow to domestic energy suppliers struggling with a severe lack of raw fuel for power plants due to a separatist conflict in the industrial east. The Russian ... Read More »

Import banned from EU, Russia hands back German and US tea

MOSCOW: Russia has turned back tons of German and U.s tea following a ban on western food imports by Moscow. However, a firm that was supposed to receive the cargo called it “shipment error” which would be sent back immediately. After 970 kilograms of German herbal tea was detained in the Siberian region of Novosibirsk, officials said that they had seized a smaller shipment ... Read More »

Shortfall in customs duty collection, Russian authorities to stiffen control

MOSCOW: Russian Customs Authorities have planned to emphasize a regular and systematic check on importing companies to identify their debt. As they are not facing a good budget and Cash flow balance. On 8 September 2014, the Head of the Federal Customs Service Andrey Beliyaninov said; “ We have been informed from reliable sources that, sent to the heads of ... Read More »

Moscow endorses CASA-1000, TAPI pipeline projects, 1,735-km project of $10b to have project leader by Feb 2015

MOSCOW: Islamabad and Moscow have agreed to further strengthen bilateral ties between the two countries by boosting cooperation in oil and gas exploration and other transnational energy projects, including CASA-1000 and Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. During the third session of Pakistan-Russia Joint Working Group (JWG) on Energy, the Pakistani delegation – led by Ambassador to Russia Zaheer A Janjua – also ... Read More »

Total CEO de Margerie killed in jet crash

MOSCOW: Christophe de Margerie, the chief executive officer of French oil company Total has been killed in jet crash at Moscow’s Vnukovo airport late on Monday night. The close friend of French President Francois Hollande, Christophe de Margerie died on the spot when his private jet collided with a snow plough as it was taking off for Paris from the Moscow’s ... Read More »

Russia Customs bars US tea import in country

 MOSCOW: The Russia Customs has refused to allow approximately a ton of German and U.S. tea into the country on violation of Moscow’s ban on Western food imports. Sources said the firm that was supposed to receive the cargo confirmed that the tea originated from the US but it was included in shipment in error and would be “urgently” sent back. It is important to mention that incident followed the seizure of German herbal tea in Novosibirsk ... Read More »

Putin to examine Azov-Black Sea basin ports

MOSCOW: The Russian President Vladimir Putin is likely to visit Novorossiysk to hold a meeting to examine the development of the Azov-Black Sea basin ports on Tuesday. As per details, the relevant ministers, heads of regions, representatives of the Agency for Special Construction (Spetsstroy) and other departments will attend the meeting presided by president. The president held the previous meeting ... Read More »

Moscow lifts ban on Serbian dairy products

MOSCOW: Russian Customs has lifted ban on dairy imports from Serbia on the guarantees of the Serbian veterinary service and the results of expert analysis proving that the recently identified problems were corrected. Some experts were of the view that this move is aimed at an apparent attempt to woo the Serbia an EU membership candidate amid Russia’s standoff with ... Read More »