Putin calls in Darth Vader to tighten his grip on Russia's energy assets
Sunday, 24 June 2012 01:05

The re-elected president has appointed Igor Sechin, nicknamed 'the scariest man on Earth', to begin a potentially tycoon-terrifying reprivatisation programme

"There are two things that determine the Russian economy", Oleg says. "The first is Putin's opinion and the second is the international price of oil and gas."

With the oil price dipping close...

 
Bric nations rocked by aftershocks of eurozone crisis
Sunday, 24 June 2012 01:03

The devastating slowdown in the European economies has shown that 'decoupling' – the idea that developing nations would go on growing despite problems in the west – is a myth

Sitting in an office cluttered with assorted Hindu deities, tea exporter Anurag Gupta does not look like a man too worried about the nosediving rupee. On Friday, the Indian...

 
Venezuela's partnership with Russia: An emblematic step
Friday, 22 June 2012 23:47
Under President Chávez, Venezuela is enjoying good relations with Russia as one of its most important trade and military partners in Latin America. By strengthening Venezuelan-Russian ties, Hugo Chávez wants to help create a multi-polar world, "a world that permits the rights of peoples to liberty, self-determination and sovereignty"....
 
All the president's men and human rights
Friday, 22 June 2012 08:58
The estimated composition of the Presidential Council on Civil Society and Human Rights can become a time bomb that will destroy the last remnants of the reputation of this respectable body. Most Russians have little or no idea of ​​the work (and often the existence) of the Presidential Council on Civil Society and Human Rights...
 
Arctic oil exploration will cost up to $400 billion – Rosneft chief
Wednesday, 20 June 2012 17:47
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(RIA Novosti / Sergey Guneev)

Total cost of the operations in Russia’s arctic shelf might reach $400 billion, which is “comparable to the cost of space exploration”, Igor Sechin, President of Russia’s state major Rosneft, revealed.

"According to a preliminary estimate, total operations in the Arctic might require between $250 and $400 billion...

 
China and Japan secure Iran oil supply, bypassing EU sanctions
Wednesday, 20 June 2012 16:36
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(RIA Novosti / Aleksandr Kondratuk)

Japan is one of the major buyers of Iranian crude oil, and says it is going to provide insurance coverage for Iranian tankers, while China is offering to use its own vessels for delivery in bid to circumvent EU crude sanctions.

The Japanese parliament has approved government insurance cover of up to $7.6 billion...

 
Cyprus considers both sources of financial aid
Wednesday, 20 June 2012 16:16

As the debt crisis contagion spreads across the EU, Cyprus has fallen victim of Greece’s problems, and is considering help from both the EU and Russia. The Cypriot Finance Minister warned that it’s the final countdown for the country to secure funding t

­The move could make it the fifth euro-zone country to turn to Europe for a multibillion-euro ...

 
Shrewd move: President of FIDE buys into Bulgarian fuel major Petrol
Wednesday, 20 June 2012 14:09
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Kirsan Ilyumzhinov (RIA Novosti / Vladimir Fedorenko)

The President of the World Chess Federation and ex-president of Russia’s Republic of Kalmykia, Kirsan Ilyumzhinov has bought a 52.5% stake in Bulgaria’s largest fuel company Petrol Holding.

Swiss-based Credit Mediterranee owned by Ilyumzhinov bought the 47.5% stake owned by Denis Ershov and the...

 
Rare rare earth: Japan and Vietnam challenge China's monopoly
Wednesday, 20 June 2012 12:50
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(RIA Novosti / Sergey Pivovarov)

Japan and Vietnam are moving ahead in developing rare earth industries, as the shortage of the metals becomes more apparent. They are keen to challenge China's decades-long monopoly in the field.

­The two countries opened a joint research center in Hanoi following an agreement on rare earth cooperation, signed by ...

 
Iran nuclear negotiations: The dawn of the zombie talks
Wednesday, 20 June 2012 09:51

After Moscow, there is no discernible life left in this diplomatic process but it has to be kept going in the hope of a miracle and because the alternative is so grim

The diplomatic process to resolve the Iranian nuclear crisis was always a very frail patient, bustled from one clinic to another around the world, from Istanbul in April to Baghdad in...

 
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