Gleb's Feed
Sep 16, 2011

Exxon sees Russia Arctic tax terms “in short order”

SOCHI, Russia, Sept 16 (Reuters) – Russia’s top oil producer
Rosneft signed a major Arctic deal with ExxonMobil
without a clear tax regime for the potentially
capital-intensive project, but the terms should be set shortly,
a senior Exxon executive told Reuters on Friday.

“We are committed to moving forward, we do have some final
agreements to finish which we will do very shortly but we are
committed in a binding agreement to get moving with all this,”
ExxonMobil Exploration President Steve Greenlee told Reuters in
the Black Sea resort of Sochi.

Sep 16, 2011

Russia oil chief says govt risks hitch to oil duty cut

SOCHI, Russia, Sept 16 (Reuters) – Russia’s top oil official
Igor Sechin said the Energy Ministry risks delaying an oil tax
reform by not providing key documents, while the energy minister
said the crude export duty cut, needed to boost output, will go
ahead but needs changes to the law.

Deputy Prime Minister Sechin, a close ally of Prime Minister
Vladimir Putin who oversees natural resources, on Friday urged
the ministry to hand over documents needed to implement the cut.

Sep 15, 2011

Tightfisted Russia faces sluggish growth: economics minister

MOSCOW (Reuters) – Russia faces a decade of sluggish growth if it does not increase spending and run a bigger deficit, deputy economy minister Andrei Klepach told Reuters, calling for a review of the budget after the 2012 presidential election.

Draft 2012-14 budgets will be discussed by the government this month with Prime Minister Vladimir Putin flagging major handouts to voters ahead of the March election in which he says he may take part.

Sep 15, 2011

Moscow city seeks ways to prevent unrest

By Gleb Bryanski and Maria Tsvetkova

(Reuters) – Moscow city authorities want to find better ways to communicate with the Russian capital’s 11.5 million residents so that no one resorts to using “a stone or a knife” for lack of ways to get their views heard, the deputy mayor said.

Many Muscovites are frustrated by the fact that they have little say in who runs the city because its leaders are not directly elected, and opinion polls show one in five Russians is unhappy and wants to emigrate.

Sep 14, 2011

Russia’s 2011 WTO entry hinges on EU: Kremlin

MOSCOW (Reuters) – Russia’s chances of joining the World Trade Organization in 2011 hinge on the European Union, and should the bid fail it would be equally damaging for both sides, President Dmitry Medvedev’s economic adviser told Reuters on Wednesday.

The only issue holding up Russia’s 18-year-old membership bid is eight-year tax breaks the government has granted to automakers to set up assembly operations, Russia says.

Sep 12, 2011

Russia will delay power hikes until after election

MOSCOW, Sept 12 (Reuters) – Russia will delay planned annual
gas and power price increases until next summer, Prime Minister
Vladimir Putin said on Monday, a move that could spare voters
any significant household bill hikes until after a March
presidential election.

Putin, who was president between 2000 and 2008 and has
hinted he may run again in the 2012 vote, said the price hikes
would be permanently put back to July 1, 2012, from Jan. 1.

Sep 5, 2011

Ukraine hopes for Russia gas deal “outside court”

MOSCOW/CHEREPOVETS, Russia, Sept 5 (Reuters) – Ukraine,
which wants to negotiate a cut in the contracted amount and
price of its natural gas imports from Russia, hopes to find a
solution without going to court for arbitration, Foreign
Minister Kostyantyn Gryshchenko said on Monday.

Meanwhile, in a reference to such disputes with neighbouring
states through which Moscow exports gas, Russian Prime Minister
Vladimir Putin said his country’s new pipeline to Europe via the
Baltic Sea would help it shake off “the diktat of transit

Sep 2, 2011

Putin’s party wants wage hikes, tax breaks

MOSCOW (Reuters) – Prime Minister Vladimir Putin’s United Russia party will propose wage hikes, tax breaks and some political liberalisation before an election in December at which it will seek to defend its two-thirds majority in parliament.

A senior party official in charge of drafting a so-called “People’s Programme” to be unveiled by Putin at a party congress on September 23-24, said the proposals will require changes to the draft budget but will not touch the constitution.

Sep 1, 2011

Putin courts Russia drivers with epic road check

MOSCOW (Reuters) – Prime Minister Vladimir Putin sought to court millions of Russian drivers this week by sending supporters on an epic car journey across eight time zones to check the state of Russia’s notoriously poor roads ahead of the elections.

Opinion polls show more than half of voters are unhappy with the dire state of Russia’s roads, an issue that could become a theme in the December parliamentary election and a presidential election in March.

Aug 18, 2011

Russia designs tablet PC to rival Apple’s iPad

MOSCOW, Aug 18 (Reuters) – A Russian state company plans to
start mass production next year of cheap plastic-based tablet
computers for school students which it says will rival Apple
Inc’s iPad.

Anatoly Chubais, an architect of Russian market reform and a
head of technology conglomerate Rosnano, told Prime Minister
Vladimir Putin the new computer would cost about $420 compared
with $670 for the cheapest iPad.