Global agriculture talks to ‘walk the walk’ as Russia looks on: comments

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After the central Bank’s 11th consecutive refinancing rate cut which way is Russia’s economy headed?

Calls for wider intervention in agricultural markets First deputy prime minister Viktor Zubkov wants the government to introduce price intervention for a wide range of agricultural products. So far the state intervenes to stabilise prices only on the grain market. New...

Prime Minister Putin criticises Mechel pricing policy Prime minister Vladimir Putin has criticised the coal and steel group Mechel's pricing policy. Russia's antimonopoly regulator – the Federal Anti Monopoly Service – has already launched an...

Evraz wins right to develop Mezhegeiskoye coal deposit Evraz, one of the world's biggest steel and mining companies, has won the right to develop a coal deposit in Siberia.

TNK-BP Chief Robert Dudley leaves Moscow Russian-British oil company TNK-BP says its head, Robert Dudley, has left Moscow temporarily – but that won't affect its operations.

TNK-BP on track for best year in its history Oil major TNK-BP's performance in 2008 could be the best in the history of the company. But the on-going dispute among its shareholders – Britain's BP and a group of Russian billionaires – may have...

Ukraine expecting final price agreement on gas within a month Ukraine expects to reach an agreement with Russia on its price for imported gas within a month, according to president Viktor Yushchenko.

Prokhorov's Intergeo sets itself to become global metals player Mikhail Prokhorov's Onexim Group is setting up a new company – MMC Intergeo – with a core of geological exploration assets, acquired from Interros as part of an asset split with KM Invest.

State Banks boom though credit crunch Russia’s VTB bank has increased its share of the retail credit market by 2 percent despite global financial instability. Banks are finding it harder to raise money on the international debt markets – and...

Stroytransgaz signs up for UAE pipeline construction project Russia's Stroytransgaz has signed a $400 million dollar contract for construction of a gas pipeline in the United Arab Emirates.

Russian shareholders in TNK-BP threaten action against CEO The billionaire Russian shareholders in oil major TNK-BP are threatening to seek damages of hundreds of millions of dollars against the firm's CEO, Robert Dudley, according to a report in Britain's Daily Telegraph.

President Medvedev calls for National Talent database Russian President, Dmitry Medvedev, has called for a national talent list to combat a shortage of managers.

Russia to increase export duties on scrap steel exports The Russian government plans to raise export tariffs for steel scrap to 130 euros per ton. It's a measure to prevent a potential deficit, as domestic steel makers build more plants to run on scrap.

Venezuela interested in Gazprom jointly developing its gas fields Venezuela has expressed interest in Gazprom's participation in the development of several giant offshore gas fields, and the construction of an LNG plant in the South American country. That's according to a Gazprom...

Russian buyout of Adam Aircraft adds wings to the light business jet sector Russia is expanding its presence in the very light business jet market. Industrial Investors and Kaskol Holding have bought an American business jet builder. It means Russia's air taxi leader could be flying its own...

Russian internet advertising market hots up with Google's Begun buy Global Internet search engine Google is buying one of Russia's leading Internet advertising service – Begun – from portal Rambler for $140 million dollars. The deal comes at a time when there are...

Russia in top four for GDP growth Russia will be in the top four of the world’s fastest growing economies this year, according to US broker Merrill Lynch.

Ukraine and Gazprom reach agreement on gas Ukrainian Prime Minister Yulia Timoshenko says she has reached an agreement with Gazprom on gas prices.

Russian energy majors look to Venezuela Three Russian energy companies will start exploring oil deposits in Venezuela. The country's president Hugo Chavez is welcoming Gazprom, TNK-BP and Lukoil after foreign players pulled out of the Venezuelan energy sector...

BP withdrawing technical experts assigned to TNK-BP BP is withdrawing its remaining 60 technical experts assigned to TNK-BP in Russia. The move comes after complications with work visas since March – which has now seen all 148 experts removed from the country.

Gazprom's Miller heads to Kiev for gas talks Gazprom's CEO Aleksey Miller is heading to Kiev to discuss the terms of gas supplies to Ukraine for next year.

Russia’s richest woman spends up on Moroccan real estate Elena Baturina, Russia’s richest woman and the wife of Moscow's mayor, is investing half a billion euros into North African real estate.

Sony goes direct to Russian customers One of the largest Japanese electronics producers, Sony, is changing its distribution model in Russia to direct sales. The company says the Russian market is now big enough to display the company's whole product range.

Sakhalin looking to cash in on fish exports Fish caught in Russian waters will stay in the country starting from 2009. The idea is to increase the amount of local fish on the market – reducing the need for imports. The move is part of a resolution,...

Capital outflows highlight risk to Russian economy In the third quarter of 2008, Russia may face an outflow of capital – for the second time this year.The Central bank has forecast an annual inflow of around 40 billion dollars. But experts say Russia will...

Rising materials costs push ESPO price tag up Construction costs for the multi-billion dollar East Siberia – Pacific Ocean pipeline are to rise again with completion of the ambitious project due in December 2009. Speaking to RT, Transneft President...

Lebedev spends up on Oger tours Russian billionaire Aleksandr Lebedev has bought a 76% stake in German tour operator, Oger tours.

Google buys Begun to increase presence in Russian Market Global Internet search engine Google is buying Russia's leading contextual advertising service – Begun.

Investment brings reform for power generators RusHydro has begun construction on a new pumped-storage hydro station in the Moscow region. The unit, worth more than 3 billion dollars, is to begin operations in 2011 and is expected to up energy supplies in Moscow and...

Eurochem’s move into Potash puts it into the global league Russia now has its first diversified domestic fertilizer company. Eurochem is starting the construction of its first potash field – aimed at supporting the Russian agriculture sector.

Federal AntiMonopoly Service ready to start talks with Gazprom on equal access... The Federal Antimonopoly Service says it's ready to start negotiating with Gazprom on giving independent gas companies equal access to pipelines. The announcement comes after prime minister Vladimir Putin urged the FAS...

Global agriculture talks to ‘walk the walk’ as Russia looks on: comments

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