For the Record

Austrian Company Sues For Damages Over Toll Road

Kapsch TrafficCom Russia, a subsidiary of Kapsch, one of Austria's leading IT companies, has submitted an $800,000 damages claim to Moscow's Arbitrage Court over the construction of one of Russia's new toll roads, Vedomosti reported Tuesday. (MT)

Gazprombank Makes $1Bln Investment in Venezuela

Gazprom affiliate Gazprombank said Tuesday that it had signed a deal with Venezuela's national oil company Petroleos de Venezuela S.A. to invest $1 billion in their joint venture, PetroSamora, established in February 2012 to develop deposits in the oil belt of the Orinoco River, which has one of the world's largest oil reserves, estimated at 86.4 billion barrels. (RIA Novosti)