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Interfax: Russia may revise GDP growth forecast upward – Nabiullina - The forecast, currently about 4%, will be reviewed at the end of August, she said. "We will give a new version of the forecast. We hope it is upward because in principle the economy is growing pretty well," she said.
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Prime-Tass: Econ ministry to raise Russia’s 2010 GDP growth forecast in Aug
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VOR: Wheat prices soar worldwide - Severe drought in Russian provinces will irreversibly affect crop yields, which is expected to fall by 14, 18 and 19 percent in Russia, Kazakhstan and Canada respectively, as compared to the last year.
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Bloomberg: Russia Banks Cut Bonds for First Time Since ‘08 to Fund Lending
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Xinhua: Half Russians have no savings for rainy day
Business, Energy or Environmental regulations or discussions -
Bloomberg: Novolipetsk, Veropharm, MTS, Rosneft: Russian Equity Preview
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Reuters: Russian grid firm says pricing reform on track
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DJ: Novolipetsk 2Q Steel Output 2.9 M Tons, Sees Price Drop In 3Q
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Interfax: Evraz boosts steel production 26% to 4.3 mln tonnes in Q2
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Reuters: Evraz says Q2 crude steel production up 25.8 pct
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Bloomberg: Magnitogorsk First-Half Steel-Products Output Increases 32%
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Reuters: Russian UMMC to finish 2nd copper refinery in Q4 2011
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RIA: Leading Russian coal company to invest up to $700 mln on development, railway - Russia's leading mining company Mechel intends to spend $650-700 million on the development of a giant coal field in the Republic of Yakutia in northeast Russia by the end of this year, a company senior executive said on Thursday.
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Steel Guru: Cost for Raspadskaya recovery an estimated RUB 9 billion
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Moscow Times: Raspadskaya Says Mine Repairs to Cost Less
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Reuters: Russia rail sale to shrink coal margins-exporters
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Businesswire: SISTEMA ACQUIRES 51% STAKE IN M2M TELEMATICS
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Businessday: Renaissance to bed down BJM purchase
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Reuters: Rosinter H1 sales boosted by growing demand
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Moscow Times: For the Record
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Vneshekonombank is adding $600 million to its July 2020 loan participation notes, according to three people with knowledge of the sale. The additional notes will be priced to yield 6.6 percent, the people said. (Bloomberg)
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Razgulyai Group appointed Viktor Sukhinov as chief executive, the company said Wednesday. Sukhinov, a former head of agricultural company Prodo, replaces Dmitry Tyukhtenko at Razgulyai, it said. (Bloomberg)
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Zarubezhneft plans to start drilling for crude in Cuban waters next year, chief executive Nikolai Brunich said Wednesday.(Bloomberg)
Activity in the Oil and Gas sector (including regulatory) -
Reuters: Russia's oil export duty to rise by 6 pct in Aug
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Gazeta.ru: The export duty on oil in Russia from August 1, could grow to $ 263.8 per ton
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Interfax: Oil duty set to rise to $263.8 per tonne on Aug 1; E. Siberian oil - $80.3
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RIA: Transneft to discuss Burgas-Alexandroupolis oil pipeline with Bulgaria - Russia's state-controlled oil producer Rosneft, Transneft, and energy giant Gazprom will hold a total of 51% in the project, while Greece and Bulgaria will control 24.5% each. Tokarev said Bulgaria does not intend to repay the construction expenses it owes if it withdraws from the project. The country, owes $7 million for its part in the joint venture and an additional $12 million for preparations for the project.
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Reuters: UPDATE 1-JKX says Russian well test results far exceed own view
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Reuters: Novatek eyes 49 pct in Yamal for foreigners-paper
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RIA: Russia's Novatek ready to sell 49% stake in Yamal gas project - paper
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Guardian: Russia urged to halt oil survey during rare whale's breeding season
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Bloomberg: BP Future in Russia Looks ‘Good,’ Energy Minister Shmatko Says - “Russia is attractive for them,” Shmatko told reporters in Yekaterinburg in the Ural Mountains late yesterday. “I don’t think they’ll leave.”
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Bloomberg: Putin Gives BP Investor Haven as TNK-BP Yields Fall (Update2)
Gazprom -
Moscow Times: Gazprom Drills Off Vietnam
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Reuters: Sinergie Italiane extends Gazprom gas supply deal
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Jamestown: Gazprom Counters Nabucco’s Advancement by Lobbying for South Stream
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Alaska Dispatch: Natural gas two-fer, Gazprom and TransCanada - According to the U.K.'s Telegraph, Russian natural gas giant, Gazprom, has no plans to abandon its practice of tying prices for its gas to oil prices even after going through a crisis recently where very low European spot prices undercut that model.
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Full Text Articles
Basic Political Developments
12TH RUSSIAN–GERMAN GOVERNMENT CONSULTATIONS
http://www.earthtimes.org/articles/news/334931,german-russian-dialogue-merkel-visits.html
Posted : Thu, 15 Jul 2010 05:58:58 GMT By : dpa
Ekaterinburg, Russia - German Chancellor Angela Merkel and Russian President Dmitry Medvedev met Thursday with top business leaders ahead of talks between their two governments while Merkel was on a two-nation trip to drum up business for German exporters.
Germany's Siemens AG signed a train order at the meetings in Ekaterinburg. Talks were also held on supplying 11 Airbus A330s to Russia for 2.2 billion euros (2.8 billion dollars).
Later in the day, top officials from the German and Russian governments, including Merkel and Medvedev, are to meet in the Ural Mountain city before Merkel continues Friday to China.
The German and Russian leaders were expected to discuss Iran's nuclear programme, the conflict in Afghanistan, political turmoil in Kyrgyzstan and the Middle East, climate change and energy security.
Merkel was also expected to raise human rights in her talks with Medvedev and question him about the investigation into the killing of human rights activist Natalya Estemirova, who was shot July 15, 2009, in Ingushetia and whose killing remained unresolved.
In the meeting with the business leaders, the lack of visa-free travel between Russia and the European Union caused friction.
Medvedev, whose government has been pushing for an end to visa restrictions, spoke out for the rules to be relaxed, Merkel also supported such a move but added it wouldn't happen overnight.
Klaus Mangold, chairman of the Federation of German Industry's committee on Eastern Europe, called obtaining visas "extremely aggravating" for businesses.
The EU-Russia summit in June failed to pave the way for visa-free travel, and Mangold said Merkel and Medvedev should made a new push for it.
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