Gazprom’s contracts with its European customers do not allow them to re-export gas to a third party, Russia’s Energy Minister Aleksandr Novak reiterated in an interview with German business newspaper Handelsblatt published Friday.
Russia’s Duma has ratified an agreement on the Eurasian Economic Union, which will create the largest common market in the ex-Soviet sphere and provide for the free movement of goods, services, capital and labor between Russia, Belarus and Kazakhstan.
Coalminers blocking “cheap” Russian coal at the Poland-Russia border have reportedly reached a deal with the government in Warsaw to consider new coal trade laws that will better protect the country’s coal industry.
Japan has limited operations with five Russian banks including top lenders Sberbank and VTB, and arms exporters over Moscow’s involvement in the Ukraine crisis, according to Chief Cabinet Secretary Yoshihide Suga.
Ongoing tensions between Russia and Ukraine, which have reverberated across the globe, will particularly impact economies of the EBRD region, with a modest recovery predicted in 2015 following a sharp contraction this year.
Canada has expanded its sanctions against Russia to include the country’s largest lender Sberbank, and five other companies, as well as five individuals. Russia plans to retaliate against the measures.