Archive July 2009

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  • Prominent Investor in Russia Claims Wide Fraud Scheme

    31 Jul 2009 | The New York Times

    Hermitage Capital, once the largest foreign investor in Russia, has filed documents in the US alleging that Russian authorities and other Western investors conspired to steal hundreds of millions of dollars which were laundered through New York banks.

  • Exxon Expected to Face Tough Talks on Sakhalin

    31 Jul 2009 | Reuters

    Many experts believe the Russian government is going increase pressure on ExxonMobil to sell gas extracted from the Sakhalin project.

  • Russia’s Resources and Environment Minister Wants Easier Access for Foreigners

    27 Jul 2009 | Reuters

    Yury Trutnev said that the Russian government should ease foreign investors’ access to the country’s natural resources, as the world has changed considerably since the commodities boom.

  • The EU Steps in to Mediate in Russia-Ukraine Gas Row

    24 Jul 2009 | Agence France Presse

    European energy ministers met in Sweden to discuss the potential of another gas row between Russia and Ukraine.

  • Telenor Case Adjourned Until July 28

    22 Jul 2009 | Reuters

    A Moscow court has postponed the hearing scheduled for July 21 by a week in the lawsuit in which Norwegian telecoms company Telenor is attempting to block moves from Russian bailiffs to force the sale of the company’s stake in VimpelCom.