Belarus has received $2.5 billion from Russian gas export monopoly Gazprom from the sale of the remaining 50 percent stake in the national gas pipeline operator Beltransgaz, the National Bank of Belarus said on Thursday. “According to preliminary data, Belarus’ gold and foreign exchange reserves increased by $2.74 billion in November. The increase was facilitated [...]
Tag: Export
December 1, 2011
October 22, 2011
Russia, Kazakhstan may cancel oil export duties within CIS free trade zone
Ukrainian Prime Minister Mykola Azarov has said Russia and Kazakhstan have agreed to cancel oil export duties for participants in a free trade zone being created within the Commonwealth of Independent States (CIS). “For the first time, we fixed in the agreement the readiness of Russia, as well as Kazakhstan, another oil producing country, to [...]
October 18, 2011
Kudrin slates Russia’s risky economic policy
A complex mixture of internal political motivations and favorable, but volatile prices for the country’s key export, oil, have prompted the Russian government to pursue a risky economic policy, former Finance Minister Alexei Kudrin said in an article he contributed to Kommersant business daily on Tuesday. “(The Russian government) has all the instruments to change [...]
October 18, 2011
CIS leaders sign free trade deal
The prime ministers of the Commonwealth of Independent States (CIS) member states have signed a free trade agreement, Russian Prime Minister Vladimir Putin said on Tuesday. The agreement eliminates export and import duties on a host of goods. It also contains a number of exemptions that will ultimately be phased out. The agreement was signed [...]
October 11, 2011
Russia may limit grain exports of over 24 mln tons
Russian government will introduce a grain export duty, if exports will exceed 24 million metric tons in 2011, First Deputy Prime Minister Viktor Zubkov said on Tuesday. “I ordered to work out and submit to the government a document, which will allow the government to introduce limits on grain export which exceeds the volume that [...]
October 3, 2011
Main news of October 3
WORLD * NATO will soon complete its Libyan operation Unified Protector, the alliance’s Secretary General Anders Fogh Rasmussen said * Britain denied it had imposed an entry ban on at least 60 Russian officials implicated in the death of Moscow lawyer Sergei Magnitsky * Russia condemns “terrorist” acts against Syrian civilians and urges the opposition [...]
October 2, 2011
Life on Mars Russian remake will move ’70s action from Manchester to Moscow
The catchphrase “Fire up the Lada,” could soon by sweeping Russia. The BBC has licensed the hit TV series Life on Mars, which turned actor Philip Glenister’s politically incorrect DCI Gene Hunt into one of the nation’s best loved TV characters, to be remade in the former Soviet Union and the action will be relocated [...]
September 17, 2011
Ukraine says ‘fair’ price for Russian gas is $230 per 1,000 cu m
Ukraine believes that the fair price for the purchases of Russian natural gas should be standing at $230 per 1,000 cubic meters, Ukrainian Energy Minister Yuriy Boyko told country’s TV channel Inter on Saturday. The minister said Ukraine pays $355 per 1,000 cubic meters of gas during the third quarter of this year and the [...]
September 16, 2011
Gazprom signs option with Eni to join project in Libya
Russian gas export monopoly Gazprom and Italy’s Eni signed an option agreement, which allows Gazprom to buy half of Italian Eni’s 33 percent share in the Elephant oilfield in Libya, Eni said in a statement on Friday. The agreement replaces a $170-million deal signed in February but suspended in April after a civil war in [...]
September 16, 2011
Kiev to slash Russian gas purchases by 5 bcm in 2012
Ukraine has filed a bid to buy 27 billion cubic meters of gas in 2012 from Russia’s gas giant Gazprom after a 33 bcm bid this year, President Viktor Yanukovych said on Friday. “We have filed a bid for 27 bcm for next year,” Yanukovych said. Energy Minister Yuriy Boyko said last month that Ukraine, [...]
September 15, 2011
Belarus wants to have say in Russia’s oil export duties
Minsk wants to participate in Russia’s decision making on oil export taxation as they influence the Belarusian economy, a government source said on Thursday. Russian Prime Minister Vladimir Putin has signed a cut in crude oil export duty to 60 percent of average weighted market price and export duty rate for dark and light oil [...]
September 14, 2011
Ukraine drafts 2012 budget at current Russian gas deal prices
The Ukrainian government has set the average price for Russian gas in its 2012 draft budget in line with a 2009 contract Kiev is now contesting, First Deputy Prime Minister Andrei Klyuyev told reporters on Wednesday. “It is calculated to the formula set in the contract by (former prime minister Yulia) Tymoshenko … It will [...]
September 13, 2011
Russian grain exports may top 20 mln tons
Russian grain exports this year may exceed the official forecast of 20 million tons, First Deputy Prime Minister Viktor Zubkov said on Tuesday. “We do not believe that 20 million tons is the limit,” Zubkov told a government meeting, adding that Russia has so far harvested 74.1 million tons of grain, two percent more than [...]
September 12, 2011
TNK-BP plans no new oil refineries in Siberia, Russia’s Far East
Russian-British joint venture TNK-BP has no plans to build oil refineries in Eastern Siberia or the Russian Far East despite Prime Minister Vladimir Putin’s call on oil companies to build refineries in the region to reduce fuel prices, RIA Novosti quoted deputy CEO Maxim Barsky as saying on Monday. “We have no such plans in [...]