Latest News From Russia… (10/23/2010)

Russian News...


Just some News about Russia from a variety of Russian sources. From Russian TV to Russian newspapers. Just to keep you informed on what is happening…

Sberbank’s head German Gref sees no reason for the ruble rate to drop in the next few months, the banker was quoted as saying at “The Russian Monetary Market” conference. According to him, the ruble may even strengthen, provided that there is a favorable investment climate. The Bank of Russia expects the ruble rate to remain at RUB/USD 30.3-30.5.

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Poland will not ratify the deal between Gazprom and PGNiG unless the gas monopoly provides 10-percent discounts on additional gas supplies, RBC Daily wrote today citing Poland’s Economy Minister Waldemar Pawlak. If Gazprom accepts, however, it could fall $300m short of revenue.

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Russia and Bulgaria will set up a joint venture by November 15, 2010 to conduct a feasibility study of Bulgaria’s South Stream leg. According to the Russian government’s press office, the agreement was reached during a telephone conversation between Prime Minister of Russia Vladimir Putin and his Bulgarian counterpart Boyko Borissov.

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Russia’s oil production will top 500m tonnes in 2010 to remain virtually unchanged throughout 2011-2012, Russia’s Energy Minister Sergei Shmatko told journalists today.

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Ukraine rules out the possibility of any problems in gas transit to Europe in view of its talks with Russia on gas prices for Ukrainian consumers, the nation’s Deputy Prime Minister Andrei Klyuyev told a press conference yesterday. He expressed confidence that Europeans will celebrate the New Year peacefully in their warm homes, as Ukraine undertakes, as a reliable partner, to ensure an uninterrupted supply of Russian gas to Europe.

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Russia could end up with a balanced budget without any deficit next year if oil price hovered at around $109 per barrel, Russia’s Finance Minister Alexei Kudrin stated today at a meeting of the United Russia faction.

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Former head of the government’s executive office Sergei Sobyanin has taken oaths and assumed the office of the Mayor of Moscow.

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The Russian government extended the ban on grain exports until July 1, 2011, Prime Minister Vladimir Putin stated today at a meeting on agricultural development in Rostov-on-Don.

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Two militants were killed and two police officers injured in a shootout in Russia’s volatile southern republic of Dagestan on Saturday, local police said.

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NATO Secretary General Anders Fogh Rasmussen dismissed the idea that Russia is likely to become a member of the North Atlantic Treaty Organization in the near future and called instead for a “strategic partnership” with Moscow, Deutsche Welle reported.

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