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With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

Corruption clouds ability to address economic reform Key addresses by Russia’s political leaders have underlined economic reform’s place on the national agenda. But corruption will limit their ability to face up to that reform unless it too is addressed.

Prime Ministers put on smiles to fend off new gas dispute This New Year’s Eve will not be clouded by gas cuts, says an optimistic Vladimir Putin after meeting with Ukrainian counterpart Yulia Timoshenko in Yalta on Thursday.

PPP puts toll roads into overdrive Road construction once helped drive the United States out of the great depression. Now the development of toll roads with public private partnerships is helping Russia’s economic rebound.

Severstal posts 3Q 2009 Net Profit of $66 million Russian steelmaker, Severstal, has posted a 3Q 2009 Net Profit of $66 million under IFRS.

RusHydro to oversee reconstruction of Boguchansk hydropower plant Russian Energy Minister, Sergei Shmatko, has told the Federation Council that Russian renewable energy giant, RusHydro, will oversee the repair and overhaul of the Boguchansk Hydroelectric Station.

Russian car buyers drop gear to go down market The Russian car market has been hammered by the economic downturn with sales halving over this year, as credit almost disappeared. That has locals looking for cheaper options and carmakers going down market too.

Wal-Mart resignation throws further light on competitive Russian retail market The reported resignation of Stephan Fanderl, head the of Moscow office of Wal-Mart, comes just days after French retail chain Carrefour announced it was pulling out of its attempts to break into the Russian retail market

Nord Stream to start on time The head of Nord Stream, says construction will start as planned, on April 1 2010, despite reports of further delays, with project partners warning of difficulties raising $12 billion dollar they need to finance it.

AFI Development posts 3Q 2009 Net Profit of $1.9 million Russian property developer, AFI Development, has posted a 3Q 2009 Net Profit of $1.9 million under IFRS.

Comstar posts 3Q 2009 Net Income of $26.9 million Fixed-line provider, Comstar UTS, has posted a 3Q 2009 Net Income of $26.9 million under U.S. GAAP.

PM meeting cements Russia Slovakia energy ties Russia and Slovakia are working on an energy pact embracing oil and gas, nuclear power and infrastructure projects.

EU and Russia take steps to shield consumers from gas cutoffs The European Union says gas consumers won’t suffer if Ukraine starts another transit war this winter.

Russia, EU sign early warning memorandum on gas supplies Russian Energy Minister Sergei Shmatko and EU Energy Commissioner Andris Piebalgs signed a document outlining procedures for ensuring energy security in future gas crisis.

Russian toll roads to be cheaper than in Europe In his address to the parliament last week, President Dmitry Medvedev urged the government to tighten control over infrastructure projects, especially road construction.

Gazprom sets itself to become Singapore’s gas supplier The President of Singaporean industrial conglomerate, Keppel Corporation, Chiau Beng Choo, believes Gazprom may become an exclusive supplier of liquefied natural gas to Singapore.

Inter RAO posts 1H 2009 Net Profit of 17.9 million Euro Russian energy major, Inter RAO, has posted a 1H 2009 Net Income of 17.9 million Euro under IFRS.

Rosinter Restaurants posts 1H Net Loss of $2.6 million Russian restaurant chain holding, Rosinter Restaurants, has posted a 1H 2009 Net Loss of $2.6 million under IFRS.

Altimo disputes end with creation of market leader The central and eastern European telecoms is seeing the creation of a new major player courtesy of moves by Russia’s Altimo to end long standing disagreements with Sweden's TeliaSonera and Norway's Telenor.

KHL: that baby sure can run Life's such a funny picture You ask - Russian FM answers Oh, that charming Sophie and her questions.

State corporations to pave way for new privatization round Experts have welcomed President Dmitry Medvedev’s plan to convert Russia’s state corporations into something more dynamic, with some saying they has been a costly mistake.

Shifting focus: Asia elbows US out of Latin American markets South Korea and China are setting up shop in the United States’ backyard, as Latin America is searching for countries eager for its resources among Asian economies hungry for raw materials.

Novatek posts 3Q 2009 Net Profit of 7.35 billion Roubles Russian gas producer, Novatek, has posted a 3Q 2009 Net Profit of 7.35 billion Roubles under IFRS.

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China’s lessons to APEC leaders on how to cope with the crisis The leaders of the 21 APEC nations, gathering in Singapore, have heard Chinese leader Hu Jintao advance further trade liberalization, financial reform and closer regional integration as key drivers of economic growth.

Introducing "CrossTalk"

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MTS posts 3Q 2009 Net Income of $494.4 million Russian Mobile operator, MTS has posted a 3Q 2009 Net Income of $494.4 million under U.S. GAAP.

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Introducing "CrossTalk"

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