Russian authorities have lifted a travel ban on a prominent opposition figure just hours after confirming that Boris Nemtsov had been barred from leaving the country for six months. The extraordinary turn of events began when Nemtsov told Russian media earlier in the day that he had learned about the ban while attending a forum [...]
Archives: 07 July 2011
July 7, 2011
July 7, 2011
Russia Slams EU Parliament Resolution On Elections
Russia’s Foreign Ministry has criticized the European Parliament for passing a resolution calling on Moscow to guarantee free elections and lift curbs on the opposition People’s Freedom Party. The ministry called the resolution, passed earlier on June 7 in Strasbourg, a crude attempt to interfere in Russian internal affairs. The European Parliament’s resolution, passed with [...]
July 7, 2011
Metalloinvest Buys 4% Stake in Norilsk Nickel for $2Bln
Metalloinvest, Alisher Usmanov’s iron ore producer, spent $2.2 billion that it raised in a loan from banks in May to buy a 4 percent stake in Norilsk Nickel, Moody’s Investor Service said. “The stake was bought at market price, and therefore is unlikely to provide any meaningful upside in the near term or be liquidated without loss in value, given its size,” Moody’s said in a report [...]
July 7, 2011
Vekselberg Mulls Gazprom Merger
Gazprom and billionaire Viktor Vekselberg’s KES Holding will merge power generation assets to create the country’s largest power company, Interfax reported on Wednesday, citing industry sources. On Thursday Gazprom‘s energy subsidiary Gazprom Energoholding will sign an agreement to acquire KES power assets. In return, KES will receive a stake in the new joint venture. One source quoted by the news agency said KES would receive a 25 [...]
July 7, 2011
Movies Used as Collateral for RWS Loan
Sberbank and ING Bank will provide a 1.2 billion ruble ($43 million) three-year loan to filmmaker Russian World Studios owned by AFK Sistema, accepting copyrights to its movies as a collateral, the companies said Wednesday in a statement. “This deal is an unprecedented step in the Russian corporate lending market — the copyright for movies is used as a collateral for getting a loan for the first time in the Russian media [...]
July 7, 2011
Dollar-rouble weighted mean rate for “today” delivery up on MICEX.
7/7 Tass MOSCOW, July 7 (Itar-Tass) – The dollar’s weighted mean rate against the rouble climbed by 8.91 kopecks to 28.0074 roubles for “today” delivery in Thursday’s unified trading session on the Moscow Interbank Currency Exchange (MICEX) as of 15.00 Moscow time. The dollar’s weighted mean rate tumbled, in comparison with Wednesday, July 6, the [...]
July 7, 2011
President urges punishment of those to blame for defense contract disruption.
7/7 Tass 163 By Itar-Tass World Service writer Lyudmila Alexandrova MOSCOW, July 7 (Itar-Tass) —— Russian President Dmitry Medvedev has reiterated his demand for punishing those guilty of disrupting 2011 defense contracts. On Wednesday, he excoriated Defense Minister Anatoly Serdyukov, instructing him to report in three days whether the state contract would be fulfilled this [...]
July 7, 2011
President urges punishment of those to blame for defense contract disruption
Russian President Dmitry Medvedev has reiterated his demand for punishing those guilty of disrupting 2011 defense contracts. On Wednesday, he excoriated Defense Minister Anatoly Serdyukov, instructing him to report in three days whether the state contract would be fulfilled this year. Meanwhile, the Defense Industry and arms manufacturers have been exchanging accusations.Apparently, the reason that [...]
July 7, 2011
Index of consumer confidence in Russia firms 4pct in 2nd quarter.
7/7 Tass 204 MOSCOW, July 7 (Itar-Tass) — The index of consumer confidence in Russia, reflecting combined consumer expectations of population has risen by four percent in the second quarter of this year as against the first quarter, amounting to minus nine percent as compared with minus 13 percent, reports on Thursday Rosstat (Federal Service [...]
July 7, 2011
Index of consumer confidence in Russia firms 4pp in 2nd quarter(corrects abbreviations).
7/7 Tass 204 MOSCOW, July 7 (Itar-Tass) — The index of consumer confidence in Russia, reflecting combined consumer expectations of population has risen by four percent in the second quarter of this year as against the first quarter, amounting to minus nine percent as compared with minus 13 percent, reports on Thursday Rosstat (Federal Service [...]
July 7, 2011
RF-US adoption deal includes toxicity testing of adoptive parents – FM.
7/7 Tass 252 MOSCOW, July 7 (Itar-Tass) — Foreign Minister Sergei Lavrov said an adoption agreement between Russia and the United States included toxicity testing of adoptive parents and forbade independent adoption. In an interview with Rossiya 24 Channel on Thursday, Lavrov said, “An agreement on international adoption includes several very important and obligatory elements. [...]
July 7, 2011
RF-US adoption deal includes toxicity testing of adoptive parents – FM
MOSCOW, July 7 (Itar-Tass) — Foreign Minister Sergei Lavrov said an adoption agreement between Russia and the United States included toxicity testing of adoptive parents and forbade independent adoption. In an interview with Rossiya 24 Channel on Thursday, Lavrov said, “An agreement on international adoption includes several very important and obligatory elements. The first element [...]
July 7, 2011
Russia-France venture on NCaucasus resorts to set up by year-end.
7/7 Tass 292 MOSCOW, July 7 (Itar-Tass) — A Russian-French joint venture on developing North Caucasus resorts to be established by the year-end. This decision was recorded at a regular meeting of the bilateral working group with the participation of the Russian state corporation North Caucasus Resorts (KSK) and the French state holding Caisse des [...]
July 7, 2011
Trade turnover between Moscow, Bavaria reaches pre-crisis level.
7/7 Tass 246 MOSCOW, July 7 (Itar-Tass) — Trade turnover between Moscow and Bavaria has reached the pre-crisis level and now it stands at 10 billion dollars, the head of the city’s department of foreign economic and international ties, Sergei Cheremin, said on Thursday. “Moscow-Bavaria relations are 20 years old. During this time the two [...]