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Russian Business and Law News


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31.03.2006 00:00

Sibneft company, formerly owned by Russias richest man Roman Abramovich and now controlled by Gazprom, will be transferred to St. Petersburg in late 2006-early 2007 and renamed into Gazpromneft


30.03.2006 00:00

Russia has paid off more than $938 million of its foreign debt, Vnesheconombank news release said Thursday


30.03.2006 00:00

The business community is set to play a larger role in state affairs, as proposed by the authorities. The Kremlin wants the entrepreneurs to be more engaged in energy security, social and education programmes


22.03.2006 22:53

Russia will stay a global energy donor for years to come as new networks are being designed to supply India, China, Japan, Europe and the USA


22.03.2006 22:38

During the presidents official visit to Beijing, China the sides inked 29 agreements worth billions of dollars


22.03.2006 22:35

The trade turnover between Russia and China may reach $60-80bn by 2010 against the current $10bn. This is the view of Russias first vice-premier Dmitry Medvedev


22.03.2006 22:28

Russian mining and steel giant Evrazholding is being said to hold talks on a merger with the British-Dutch Corus concern. If the deal is successful, the new company will leap to second place in the world of steel production


22.03.2006 22:18

Russians may soon grow cautious in the ways they spend their money. The Finance Ministry of the Russian Federation is considering a return of control by the tax authorities over big private expenses


22.03.2006 00:18

St. Petersburg has been recently working to attract foreign carmakers, including General Motors DaimlerChrysler


22.03.2006 00:15

Russian Sitronics company, an arm of AFK Sistema, has launched its own brand of cell phones. The first four models cost under $200


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