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Big deal

EU replies to Putin: Remaining a reliable supplier in Russia's interest
Replying to the Russian President letter warning of a threat to gas transit through Ukraine, the EU said Gazprom should follow its contractual obligations, urging an early warning of any possible disruptions.

18.04.2014 09:34

Russia needs to break world monopoly of rating agencies – Deputy PM
Russia desperately needs to create its own ratings agency, independent of the so-called western ‘Big three’ – Moody’s, S&P and Fitch, Russia’s First Deputy Prime Minister Igor Shuvalov has said.

14.04.2014 13:04

​‘If you’re evading tax, we’ll find you’ – George Osborne
The UK Chancellor George Osborne is tightening the screws on the tax dodging UK super-rich, as he’s proposing to increase fines for those who hide their money in offshore tax havens and send them to jail even if they didn’t intend to evade tax.

14.04.2014 06:35

Ukraine readies to sue Gazprom in Stockholm
Lawmakers in Ukraine have started preparing a lawsuit against Gazprom, as they think the price of Russian gas is exorbitant and politically motivated, Ukraine’s coup – appointed Energy Minister Yuri Prodan has said.

11.04.2014 10:35

Putin tells Europe Ukraine gas debt 'critical', transit threatened
President Putin has written to 18 European countries, warning that Ukraine’s debt crisis has reached a “critical” level and could threaten transit to Europe. He also called for urgent cooperation, blaming Russia’s partners for a lack of action.

10.04.2014 12:13

World Bank warns IMF terms will eat into consumption, investment in Ukraine
Loan terms set by the International Monetary Fund (IMF), will cut consumption in Ukraine this year by 8 percent, as well as erode capital investment, the World Bank (WB) has warned.

10.04.2014 07:44

Gazprom buys out Kyrgyzgaz for $1
Russia’s Gazprom has bought 100 percent of Kyrgyzgaz for a symbolic $1, as it also undertook to cover the company’s $40 billion debt. The deal makes Russia’s gas monopoly the sole gas supplier to Kyrgyzstan.

10.04.2014 08:19

Yo-price: Russian tycoon sells hybrid car project to govt for €1
Russia’s ONEXIM group, owned by tycoon Michael Prokhorov, has sold the technology and development rights for its Yo-mobil hybrid vehicle to the state-run NAMI institute for 1 euro. The falling ruble and slowing car market could triple the project cost.

07.04.2014 09:57

Mozilla chief steps down in gay marriage scandal
The head of the group behind the Firefox Mozilla web browser, Brendan Eich, has resigned over the online outrage to his personal donation to an anti-gay marriage campaign a few years ago.

04.04.2014 16:04

Gas prices in Europe to rise 50%, if it abandons Russia’s supplies – Energy Minister
Domestic prices in Europe will go up by at least 50 percent, if it cuts supplies from Russia, according to Russia’s Energy Minister Alexandre Novak.

04.04.2014 15:06

​World’s top record labels sue VKontakte for allowing piracy
Sony Music, Universal Music and Warner Music have together filed legal action against Russia’s biggest social network VKontakte (VK) for “deliberately facilitating piracy on a large scale.”

04.04.2014 11:10

April Fool? CEO of Russia’s Facebook withdraws resignation
The founder of VKontakte, Russian biggest social network, Pavel Durov has withdrawn his resignation as the company’s CEO, after saying he was leaving on April 1. Posting his resignation on April Fools' day was a hint it wasn’t final, Durov said.

03.04.2014 10:44

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