Russia 101111 Basic Political Developments



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National Economic Trends


  • Euroclear Link May Generate Ruble Demand ‘Wave,’ Citigroup Says

  • Russia to cut budget deficit to 2.9 pct of GDP in 2013

  • Merill Lynch subsidiary to organize sale of VTB's shares

  • Trade Surplus Widens

  • September Trade Balance: a Short Respite, Yet No Clue to RUB

  • Weekly CPI accelerates to 0.2% w/w in November

  • Duma committee approves oil and gas tax hikes

  • Ministry of Finance proposes consumer finance draft law

  • New law on express loans to be less profitable for banks, more secure for consumers

Business, Energy or Environmental regulations or discussions


  • Kuzbassrazrezugol, Polyus Gold, Rosneft: Russian Equity Preview

  • MICEX share-trading opens on upswing as oil prices rise

  • UPDATE 1-Russia's Transneft shares soar on MSCI Russia entry

  • Russia's FSK says half year net profit up 60 percent

  • EuroSibEnergo to raise $1.5 bln in Asian IPO

  • EuroSibEnergo to IPO in bid to fund Norilsk war?

  • Evroset mobile phone retailer may sell 30 pct of shares in IPO on LSE in 2011

  • Russian Technologies Corporation Eyes State's Stake in Apatit

  • RUSNANO and Plastic Logic Announce Agreement to Establish New Plastic Electronics Production in Russia

  • ABC opening Moscow office in major push  

  • Russia enters Formula 1 as company takes ‘significant stake’ in Virgin team

  • Russian carmaker to take over F1 team

  • Fiat's Magneti Marelli expands in Russia

  • VTB Capital takes ECM title from Renaissance Capital

  • RusAl is in talks with investors on a joint bid for Vladimir Potanin’s stake in Norilsk Nickel, RIA-Novosti reported Wednesday, citing a source familiar with RusAl’s plans. (Bloomberg)

  • Magneti Marelli, the auto-parts division of Fiat, aims to expand in Russia where it wants to become “a leading player,” chief Eugenio Razelli said Wednesday, during the opening of a lighting plant in Ryazan. (Bloomberg)

  • Yekaterinburg-based Urals Nickel, owned by Dmitry Baskov, plans to hold an initial public offering and list its shares on MICEX, the company said Wednesday. (Bloomberg)

  • Raspadskaya will resume output at its main mine by the end of the year, chief Gennady Kozovoi said Wednesday, according to the Kemerovo regional administration. (Bloomberg)

  • Mitsubishi Heavy Industries, Sojitz and China National Chemical plan to build a $1.06 billion chemical plant in Russia, Nikkei English News said Wednesday. (Bloomberg)

Activity in the Oil and Gas sector (including regulatory)



Gazprom




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Full Text Articles




Basic Political Developments


Constructive relations with RF pay dividends to US - State Dpt

http://www.itar-tass.com/eng/level2.html?NewsID=15670318

11.11.2010, 11.06

WASHINGTON, November 11 (Itar-Tass) - The creation of more constructive relations with Russia has already begun to yield significant dividends to the United States and Europe, US Assistant Secretary of State for European and Eurasian Affairs Philip H. Gordon said in London on Thursday.

The United States for its part has made important progress in bilateral relations in terms of pragmatic cooperation, he said speaking at the Royal Institute of International Affairs (Chatham House). The text of his remarks was released by the US State Department in Washington.

He said, in particular, that “we have sought with our European allies to build a more constructive relationship with Russia – a common goal that has started to pay significant dividends for both Europe and the United States. For our part, the United States has made important progress in setting our bilateral relationship on a path of pragmatic cooperation. Most significantly, we have concluded a New START Treaty. The agreement is the most comprehensive arms control agreement in nearly two decades and significantly reduces the number of nuclear weapons and launchers deployed by the United States and Russia while also putting in place a strong verification regime.” According to him, “This is an achievement that has made Europe and the world safer. We have also achieved important cooperation with Russia in advancing our common goals in Afghanistan and in addressing the Iranian nuclear program. And we have done all of this without compromising our principles – in particular our steadfast commitments to human rights and to the defence, sovereignty and territorial integrity of all of the nations of Europe.”





G-20 Summit in Seoul



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