Director of Russian Institute of Geopolitical Research and Energy Security Elena Telegina believes that as gas market is becoming more global, creation of gas producers' cartel becomes inevitable.
The new President of Turkmenistan Kurbanguly Berdymukhamedov met with Russian Prime Minister Mikhail Fradkov and promised to boost energy cooperation with Russia. Land-locked Turkmenistan is forced to sell the majority of its cheap-to-produce gas to Gazprom, which distributes it on domestic market, selling the more expensive Russian gas in Europe.
Ford Russia plant, located in the northern town of Vsevolozhsk near St. Petersburg, restarted production after a one-day strike over pay and conditions.
On Thursday, Feb. 15, Belarus announced increase in tariffs for transportation of Russian oil bound for Europe. The transit rates will increase by 31.6-34.6 percent. Belarus hopes to earn additional $50 million a year from the price hike.
Russia's Anti-Monopoly Service gave final approval to a three-way merger that would create the world's biggest aluminum producer, the companies involved in the deal said on Wednesday, Feb. 14.
The chair of the Committee on Human Rights, National Minorities and International Relations of the Verkhovna Rada (Ukrainian Parliament) has called homosexual people "evil" and is calling for a fight against them.
According to Saudi Arabian Foreign Minister Prince Saud al-Faisal the kingdom does not see any obstacle to cooperating with Russia on developing a nuclear energy program. Russian President Vladimir Putin said Russia would consider helping the kingdom with a possible atomic energy program.
Russian gas monopoly Gazprom and nickel miner Norilsk Nickel are interested in bidding for the assets of the bankrupt oil company Yukos, a bankruptcy official said on Wednesday, Feb. 14.
A small business jet without passengers crashed at a Moscow airport. The jet operated by a Swiss company caught fire on take-off with three crew members and no passengers on board.
A court of Los Angeles has sentenced two former Soviet Union citizens to death penalty for abducting and killing five Russian migrants. It has marked the first death sentence to be issued from a federal court in Los Angeles in more than 50 years.
President Vladimir Putin accused the United States of 'playing the anti-Russian card' to solve its domestic problems and secure more substantial defense spending.
A Russian company that represents EMI Music has won a copyright case in Moscow court against the Russian web-site that is selling music for $0.1 per song, the first time a semi-legal Russian MP3 site was brought to justice.
U.S. automaker Ford was forced to halt production at its plant near Russia's second largest city of St. Petersburg due to strike, the company said on Wednesday, Feb. 14.
Russia will never get involved in any efforts that could undermine world energy markets, the country's President Vladimir Putin said on Tuesday, Feb. 13, commenting on a possibility of forming an international gas cartel.
Sotheby's, the world's second-largest auction house, will $3.9 million in Russian modern and contemporary art at a London auction on Thursday, Feb. 15. This is Sotheby's first sale devoted to Russian contemporary art since 1988, when it sold $4 million worth in Moscow.
Acting Turkmen leader Gurbanguly Berdymukhammedov was sworn in as new president Wednesday at a session of the country's highest legislative body.
An passenger jet crashed at Moscow's Vnukovo airport on Tuesday, Russian news agencies reported, saying there were apparently only crew members aboard.
Lithuanian President Valdas Adamkus has called on the EU to present a common front to Russia on matters of energy and democracy during a visit to the United States.