Articles by Marta Srnic

Browne Says Majors Will Not Control Resources

  • 24 November 06
  • Bloomberg
BP chief John Browne said Thursday that international oil companies should not expect to control Russia's natural resources.

UES Seeks $15Bln Investment Per Year

  • 26 April 06
  • Bloomberg
National power utility Unified Energy Systems is seeking local investors to help raise an annual $15 billion by 2009 for new plant and equipment, CEO Anatoly Chubais said.

Zhukov Outlines Strategic Sectors

  • 27 March 06
  • Bloomberg
The government's plan to impose restrictions on foreign investment will focus on key oil and natural gas fields and defense, leaving other industries free from interference, Deputy Prime Minister Alexander Zhukov said.

EBRD: Growth Slowing Across Region

  • 24 May 05
  • Bloomberg
The European Bank for Reconstruction and Development said economies in Eastern Europe and the former Soviet Union will expand at a slower pace this year as growth and demand for their exports wane in the European Union.

Vyugin Chides CB Ruble Policy

  • 14 February 05
  • Bloomberg
The Central Bank is ""not in a position"" to combat the strengthening of the ruble because it may stoke inflation, said Oleg Vyugin, a former first deputy chairman of the Central Bank and now head of the Federal Service for Financial Markets.

Russia Seen 'Heavily' Managing Ruble in 2005

  • 17 December 04
  • Bloomberg
The Central Bank will continue to control the ruble's exchange rate ""heavily"" in 2005, Morgan Stanley said in a report Thursday.

Firms Seen Borrowing $11Bln Abroad in '05

  • 24 November 04
  • Bloomberg
Russian companies next year may boost borrowing from foreign banks by as much as a third as oil prices near records and spur economic growth and profits, according to Citigroup, the top arranger of Russian loans this year.

EBRD to Invest $1.6Bln in 2005

  • 24 November 04
  • Bloomberg
The European Bank for Reconstruction and Development said it plans to increase investments in Russia in 2005 and 2006, saying the government's tax probe into Yukos is probably a ""case"" and not a ""policy going further.""

CB: Number of Banks Will Not Be Limited

  • 04 November 04
  • Bloomberg
The government plans to strengthen the banking system by introducing state-backed guarantees for deposits rather than by cutting the number of banks, Central Bank Deputy Chairman Konstantin Korishchenko said Wednesday.

Ruble Falls to '04 Low Vs. Dollar

  • 13 August 04
  • Bloomberg
The ruble fell to its lowest against the dollar this year on Thursday amid falling interbank lending rates and rising ruble liquidity.

LUKoil Wins Bid for Serbian Fuel Retailer

  • 26 August 03
  • Bloomberg
LUKoil will spend 207 million euros ($226 million) to buy a majority stake in Serbia's Beopetrol, the company's first successful bid for a European oil company since 1999.