Articles by Aiste Skarzinskaite



Lithuania: Mazeikiu Will Not Be Closed

Lithuania's economy minister on Wednesday rejected as ""incomprehensible"" a warning by Transneft that the oil pipeline feeding the country could be shut down, and the Mazeikiu refinery said it would be able to continue operations even if it had to switch to receiving supplies exclusively by sea.

'Gazprom Is Good for the World'

  • 26 April 06
  • Staff Writers
Gazprom deputy CEO Alexander Medvedev turned to the Bible on Tuesday to defend the gas giant's policy toward Europe and deride what he called unfounded ""hysteria"" there.

Profits Trump Worries at Forum

  • 25 April 06
  • Staff Writers
High profits appeared to override worries about the slow pace of reforms and a growing dependence on oil as a record number of businesspeople gathered in London on Monday to network and enjoy spending the money they have made in Russia's soaring market.

Court Freezes Yukos Asset Sales

A Russian court has imposed a ban on the sale of Yukos assets as part of bankruptcy proceedings, a decision that could complicate the stricken oil company's attempts to sell its stake in Lithuania's Mazeikiu refinery and stave off liquidation.

Tensions Simmer in Su-27 Crash

  • 26 September 05
  • Staff Writers
Lithuania said Friday that the crash of a Russian fighter jet in the NATO member country was almost certainly an accident.