Starting April 1, Gazprom will no longer offer Ukraine discounted gas prices because it is more than a year and $1.5 billion late on their debt payments to Russia’s largest gas producer for deliveries, Russian President Vladimir Putin said Tuesday.
Choosing to host the Olympics in Sochi was a ‘good choice’, and revenue will continue to flow into the city after the Games and attract more tourists and investors, says Deloitte, Heineken, and Swissotel.
China and Russia are to build the world’s biggest thermal power plant with an 8 gigawatt capacity. The Erkovetskaya TPP project in Russia’s Amur region could cost up to $24 billion, and will export energy to China where domestic demand is high.
The use of bitcoins and other cryptocurrencies carries the risk of violating citizens’ property rights and cannot be used in Russia, the country’s Prosecutor General's Office concluded after meeting with the Central Bank, FSB, and Interior Ministry.
A member of Russia’s upper parliament, Leonid Lebedev, is suing two former business partners for $2 billion, claiming he, as a majority stakeholder, didn’t receive his fair share of the $55 billion TNK-BP sale to Russian state-owned Rosneft.
The emerging market currency crisis is being propelled by policymakers who are “seeking the easy answer” by devaluing their currency, which is an unsustainable global model, Saxo Bank CEO Steen Jacobsen told RT.
Moscow says it would postpone further payments of the promised $15 billion loan to Kiev and is waiting to see the direction of the newly formed government, according to President Putin and Prime Minister Medvedev.