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. Last Updated: 07/27/2016

09/26/2013

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Putin Says Greenpeace Activists Aren't Pirates but Broke the Law

President Vladimir Putin said Wednesday that Greenpeace activists who attempted to storm Gazprom Neft's oil platform in the Arctic earlier in September were not pirates but they did violate international laws.

Russia Pushes for Further Arctic Exploitation

The time for an industrial breakthrough has come in the Arctic, President Vladimir Putin said Wednesday at the International Arctic Forum in Salekhard, with Russia pushing to take a leading role in oil and gas extraction in the area.

New Index to Monitor Online Prices

The Moscow Times
The Higher School of Economics in Moscow has joined forces with Yandex and the news agency Interfax to create a reporting mechanism that measures fluctuations in online retail prices.

Moscow Downgrades Belarus Oil Supply Cuts

Reuters
Moscow for a second time has scaled back its threatened cuts in oil supplies to Belarus amid a row over the arrest of a Russian potash executive, agreeing to restore some volumes that it had planned to divert elsewhere.

$2Bln Russian-Finnish Electric Plant Opens in West Siberia

The Moscow Times
President Vladimir Putin and Finnish President Sauli Niinisto on Wednesday launched the Nyagan hydroelectric plant in the Khanty-Mansi autonomous region built by Russian-Finnish energy concern Fortum.

Onexim Mulls Purchase of Uralkali Stake

Reuters
Mikhail Prokhorov's investment group, Onexim, is considering buying a stake in potash producer Uralkali, Bloomberg reported, citing three people with direct knowledge of the matter.

Avtodor Signs Deal With VEB

The Moscow Times
Car manufacturer Avtotor, which manufactures BMW, Chevrolet, Hummer and Kia passenger cars in Russia, is set to sign a cooperation agreement with state-owned bank VEB at the Sochi 2013 International Investment Forum to build an automotive industrial cluster in the Kaliningrad region.

World Bank Cuts Growth Forecast

Reuters
Russia's economy is operating near full potential and is facing "binding" structural impediments, the World Bank said Wednesday, cutting its forecast for 2013 economic growth.

Gazprom Neft, Novatek Counter Rosneft Gas Deal

Reuters
Gazprom Neft and Novatek are in talks to buy Italian energy company Enel's indirect stake in gas producer SeverEnergia, which Enel has just agreed to sell to Rosneft, a Novatek co-owner said Wednesday.

Science Reform Bill Passes Federation Council

The Federation Council on Wednesday approved a controversial bill to reform the Russian Academy of Sciences, paving the way for it to be signed into law by President Vladimir Putin, as opponents of the bill protested against it outside the upper house of parliament.

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