Bloomberg: Ruble Rallies Versus Dollar, Euro as Crude Oil Advances
Reuters: Russian bank balances fall to 455.0 bln rbls
Reuters: OECD sees boom-and-bust risk for Russia as oil gains - Sees Russia 2010 GDP up 5.5 pct vs earlier 4.9 pct; Avoiding excess capital inflows is key challenge; Cuts inflation rate fcast to 6.5 pct in 2010 vs 6.9 pct; Sees budget deficit shrinking to 5.1 pct of GDP
Bloomberg: Russian Stocks Rise, Led by Sberbank, Gazprom, Lukoil
Financial Times: Russia launches index on Siberian companies
Moscow Times: Global Fears Gut Stocks As Slump Looms - Russian stocks plunged nearly 6 percent on Tuesday to levels not seen since October as investors sought to unload risky assets amid fears that the euro zone's escalating debt crisis could crimp the global economic recovery.
Dow Jones: Russia's Inter RAO To Get $10 Billion In State Assets –Vedomosti
Bloomberg: Prokhorov May Bid for Swedbank’s Russian Unit, Kommersant Says
Reuters: Metals tycoon eyeing Swedbank's Russia unit -paper
WSJ: A Russian Bank's Strategy: Double the Stock in 3 Years - VTB Group, Russia's second-biggest bank, will ditch its traditional emphasis on corporate lending, targeting efficiency rather than aggressive growth in a three-year bid to double its stock price, Chief Executive Andrei Kostin said.
Emerging Markets: Half of Russian bankers not paid bonsues, report
Steel Guru: Russia rolled stainless steel product output doubles in Q1
Moscow Times: Mechel Eyes Zlatoust Plant
RBC: Rusnano eyes IPO in 2011, subject to condition
RBC: Cherkizovo Group posts rise in Q1 net profit
Moscow Times: Sistema's Tourism Arm to Merge With British Operator
Israel Diamond: Zvia Leviev Leaving Israel for Moscow - Zvia Leviev, who chairs Africa-Israel Residences is moving to Moscow ahead of the opening of Africa-Israel unit AFI Development plc's huge Mall of Russia, which is scheduled to begin operations in September or October.
Russian Blackberry Supply Chain Contract Goes To K and N
Activity in the Oil and Gas sector (including regulatory)
Oil and Gas Eurasia: Russian Duties Force Belarussian Oil Product Prices Up 25 Percent
Poland.com: Germany admits: the pipe will block Poland - German officials are warning that the Nord Stream running through the Baltic seabed will block access to the ports of Szczecin and Świnoujście for a couple of years. In the construction agreement, the RFN Ship Transport Office states that big vessels will not be able to float over the pipe which will transfer gas from Russia to Germany.
Gasworls: Dominion Gas awarded Nord Stream Project - Dominion Gas, based in Aberdeen, signed a £1.7 m deal to become the main supplier for the Nord Stream Project.
Steel Guru: OMK delivers first pipes for Nord Stream second line
Bloomberg: Russia to Fine Oil Refiners $1 Billion on Prices, Vedomosti Says
Vedomosti/RussiaToday: A $1 billion case - Igor Artemyev claimed historic victory in the Supreme Arbitrary Court: oil companies will pay an enormous fine, and they will be forced to agree with the government on the price of oil.
Oil and Gas Eurasia: TNK-BP Will Expand High-grade Bitumen Production
Rigzone: TNK-BP Concludes Seismic Exploration in Astrakhan Region
Oil and Gas Eurasia: Novatek to Finish Yamal LNG Plant in 2018
Reuters: UPDATE 1-Matra Petroleum to suspend Russian well - British oil and gas explorer Matra Petroleum said it would suspend its appraisal well-13 in Russia due to poor quality of the reservoir, sending its shares down 47.7 percent.
Reuters: Russia's Surgut calls tenders to lift Urals and ESPO
Moscow Times: Stroitrangaz Gets New CEO - Sergei Makarov, a former finance vice president for Rosneft, was named chief executive of the pipeline builder Stroitrangaz, Kommersant reported Tuesday.
Oil and Gas Eurasia: Taymyrnefterazbedka Begins Drilling Second Well For Rosneft
Oil and Gas Eurasia: Russia's ESPO Crude Oil Gains Acceptance as a Key Asia-Pacific Price Reference
Gazprom
Goal.com: Fininvest Denies Reports Over Milan Sale To Gazprom - Both Fininvest and Gazprom deny sale rumours...
Russia Today: “Gas for fleet” deal has no negative effect on Gazprom – spokesperson
Russia Profile: Graced with Gas - Despite the Linguistic Faux-Pas of Its Name, Nigaz Demonstrates Russia’s Geopolitical Priorities and Has Tangible Implications for the World Gas Markets in the Long-Term
Financial Times: Sweeping market changes leave Gazprom in an unenviable position - The Russian gas export monopoly was able to recover sales in the first quarter of this year after a disastrous 2009, which saw sales to Europe, its main market, and other countries fall 13 per cent, with the biggest drop coming in the first half of the year.
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Full Text Articles
Basic Political Developments Chosun Ilbo: Moscow 'Ready to Cooperate' Over Cheonan Sinking
http://english.chosun.com/site/data/html_dir/2010/05/26/2010052600681.html
Russia is ready to "closely cooperate" with South Korea over the sinking of the Navy corvette Cheonan in March, President Dmitry Medvedev said in a telephone conversation with his Korean counterpart Lee Myung-bak on Tuesday.
Medvedev said he fully understands South Korea's sanctions against North Korea including a motion to the UN Security Council. Lee elaborated the measures in a public address the previous day. He said Moscow is ready to hold close consultations with Seoul.
The Russian president pledged to try to send the right signal to the North, while helping guarantee peace and security on the Korean Peninsula, Cheong Wa Dae spokeswoman Kim Eun-hye said.
Medvedev also expressed his sympathy for the bereaved families of sailors who died in the "tragedy" and thanked the South Korean government for informing Russia in advance of the findings of an international probe of the sinking.
"The Russian president rarely talks with foreign leaders over phone," a Cheong Wa Dae official said. "Moreover, by saying he fully understands' South Korea's sanctions he implied that Russia would favorably consider another round of sanctions against the North by the UNSC."
Lee told Medvedev "anachronistic armed provocation" should not be tolerated in the international community. He promised "ample consultations" with Russia before a motion for sanctions against the North is submitted to the UNSC.
The two leaders spoke for 20 minutes.
englishnews@chosun.com / May 26, 2010 09:55 KST
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