Russian Prime Minister Vladimir Putin will discuss with his Turkish counterpart economic and regional issues, European security and the Nagorny-Karabakh dispute at a meeting in Sochi, a government source said on Saturday. READ MORE

Georgia is facing a new challenge in its quest to reclaim the separatist territories of Abkhazia and South Ossetia: the planned introduction of hundreds of Russian border guards.

The new border guards - deployed under an agreement signed by Moscow, Sukhumi and Tskhinvali on April 30 - give Russian border guards the right to patrol the frontier dividing the separatist regions of Abkhazia and South Ossetia from Georgian-controlled territory. READ MORE

Russian natural gas giant Gazprom has signed deals with companies from four European nations, paving the way for a new natural gas pipeline that sidesteps the Ukraine and worries Brussels.
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Fuel and Energy Complex covers the sphere of mining and production of energy resources, processing, delivery and consumption of all types of energy. FEC of Caspian region that includes all Central Asia, Caucasus and Caspian Sea adjoining regions of Russian Federation and the Islamic Republic of Iran is pretty well developed and includes oil and gas industries, power industry grounding of thermal and hydroelectric power plants, and also a great number of coal and natural uranium fields in development. READ MORE

Barely nine days after the Hungarian gas trader Emfesz KFT announced that it will begin receiving supplies of 3 billion cubic meters annually from the Zug (Switzerland) based company RosGas AG, rather than the now inactive RosUkrEnergo (RUE) the Russian press reported that Emfesz has been sold to RosGas. Thus RosGas, a little-known company, now controls 20 percent of the Hungarian domestic gas distribution market. READ MORE