Mitschek: Nabucco consortium making headway

Significant progress has been achieved with Turkey on moving forward the Nabucco gas pipeline project, Reinhard Mitschek told, managing director of Nabucco Gas Pipeline International. READ MORE

Medvedev Tells the West to Keep Out of Georgia

By Pavel Felgenhauer

Russia has reacted angrily to the forthcoming NATO-led Partnership for Peace (PfP) exercises in Georgia. President Dmitry Medvedev called the decision to hold the exercises "shortsighted and not worthy of true partnership." He warned that tensions in the region will rise, saying: "these actions are a clear military demonstration, a buildup of military muscle," and that Russia "shall be following everything that will be happening there in the most attentive way, and, if need be, take this or that decision". READ MORE

Russia in Poor Position To Be an IMF Donor

By Alexei Bayer

At the Group of 20 summit, U.S. President Barack Obama not only charmed other world leaders but also secured a commitment of new money for the International Monetary Fund. READ MORE

Alternative Gas Suppliers Face Overproduction in Russia

By Sergei Blagov

Russia's independent natural gas producers (IGPs) account for a growing share of domestic output, but they are now facing turbulent times amid the global financial crisis and the subsequent domestic economic downturn, as well as problems with sales and gas transit. The role of independent gas producers in Russia has increased over the past decade. Novatek and others have begun contributing significant volumes to the domestic market. In addition to the gas monopoly Gazprom, some 30 Russian companies produce more than 10 million cubic meters (mcm) a year. READ MORE

Russia Is Not Able to Play a Significant Part in Iranian Gas Transit to Europe

The attempts of Russia to participate in Iranian gas supplies to Europe will hardly be successful. This point of view was sounded by the Senior Researcher of the Institute of World Economy and International Relations Ivan Danilin. READ MORE

UK Ambassador to Russia Anne Pringle: Investors have immense opportunities in Russia

Olga Golovanova

Anne Pringle, a new British ambassador to Russia, presented her credentials to Russian President Dmitry Medvedev on January 16, thus officially taking the office. Ms. Pringle has been in Russia since October 2008. She talked about preparations for an upcoming G20 financial summit in London. READ MORE

The “Way to Europe”. What is It?

Lately, the phrase “Way to Europe” has been used more often with the reference to the programs of long-term development of post-Soviet countries. Thus, recently Kazakhstan Government has published a program with the kind of title. And however, there is no clear definition of this term. Frequently its interpretations are absolutely different. The term itself carries diverse semantics. It comprises a total spectrum of the views of further development of all post-Soviet states. The understanding of the meaning varies from strategic plans of the EU joining and leading of Euro-oriented foreign policy, up to plain improvement of quality and standards of living. The only thing that unites all interpretations: the “Way to Europe” – is not a program of mass migration. READ MORE

Siemens Plans Nuclear Cooperation with Russia

Germany may be phasing out its nuclear power stations, but German group Siemens plans to cooperate with Russia's Rosatom to tap into the growing global market to build new nuclear plants. A deal could be signed in the coming months.

German industrial group Siemens is preparing to sign a nuclear cooperation deal with Russia to tap a growing global market for building nuclear power plants, German business daily Handelsblatt reported. READ MORE

US, Russia Agree to Work Out New Arms Deal

Russia and the Uniteds States have agreed to a work plan towards a new strategic arms reduction treaty, US Secretary of State Hillary Clinton said on Friday, March 6, after talks with her Russian counterpart. READ MORE