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. Last Updated: 07/27/2016

07/21/2008

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BP Blocks TNK-BP $1.8Bln Dividend

BP has blocked the payout of $1.8 billion in dividends to shareholders in TNK-BP, a source inside the British company said Sunday, striking back at the embattled joint venture's Russian partners in a messy fight for control.

Steinmeier Promotes Plan for Abkhazia

A German-sponsored peace plan for Abkhazia has raised fresh hopes that the worsening crisis over the breakaway Caucasus republic can be defused, despite its immediate rejection by the Abkhaz leadership and a critical reception in Moscow.

Nashi Summer Camp Tries a New Message

With the peaceful transfer of power complete in the Kremlin, the youth group’s organizers are looking for a new reason for being.

Kremlin to Dole Out Arctic Reserves

The Associated Press
President Dmitry Medvedev signed a law Friday enabling the Kremlin to handpick companies to develop the vast oil reserves believed to be located in the Russian Arctic.

Rosneft Sells Holding to Gazprom

Reuters
Gazprom said Saturday that it agreed to buy a 25 percent stake in gas transport firm DalTransGaz from Rosneft.

Google Buys Local Ad Firm for $140M

Rambler is to buy the stake in Begun it does not own before the sale to Google.

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