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image from www.kamaz.ru 19.01.2009, 11:00

Automakers start up for new year in low gear

Russia automakers Kamaz and GAZ resume operations on Monday after a break for the New Year. The vehicle makers will now be running on reduced working weeks, as orders from industry collapse in the face of recession.

19.01.2009, 02:39

Gas dispute close to end

Russia and Ukraine are due to sign a gas deal on Monday, which will allow the two sides to resume transit of Russian fuel to European customers.

19.01.2009, 13:03

Oleg Deripaska returns to the driver`s seat at Rusal

Billionaire majority shareholder of Rusal, Oleg Deripaska, the world largest aluminium maker, will return to the CEO position after being re-elected by the company board.

Agreement ends gas dispute as clouds loom over Ukraines economy

Published: 20 January, 2009, 10:21


The Gazprom Naftogaz conflict is over with Moscow charging Ukraine a market price for its gas in 2010 and granting a 20% discount this year. In turn, Kiev won’t increase transit fees in 2009.

 
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