Articles by Vladimir Todres



Coca-Cola Gulps Juice Maker

  • 01 April 05
  • Bloomberg
Coca-Cola and its Greek bottling unit will buy Multon, the maker of Rich and Dobry juices, for an estimated $650 million.

Japan Urged to Help Fill, Finance $16Bln Pipeline

  • 17 January 05
  • Bloomberg
Russia is seeking low-cost loans from Japan to build a $15.5 billion oil pipeline to the Pacific coast and will allow Japanese companies to bid for East Siberian oil fields that would help fill the link, Russian Industry and Energy Minister Viktor Khristenko said.

LUKoil Posts Record Profit in Q3

  • 12 January 05
  • Bloomberg
LUKoil, the country's biggest oil producer, doubled third-quarter profit by ramping up exports amid higher oil prices.

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.

Lawmakers Want Better Accounting

  • 01 November 04
  • Bloomberg
The government may force its industrial groups to report consolidated annual earnings and balance sheets to International Accounting Standards as of next year, in a bid to attract more investment by increasing transparency.

Transneft Says Ready to Export More Oil

  • 18 October 04
  • Bloomberg
Russia is ready to increase oil exports by 5.4 percent, the nation's pipeline monopoly said Friday, as a lack of spare capacity elsewhere in the world contributes to record crude oil prices.

EBRD and Boris Jordan Join Forces in Insurance

  • 12 October 04
  • Bloomberg
The Sputnik Group, an investment company run by U.S.-born banker Boris Jordan, and the European Bank for Reconstruction and Development will invest $36 million in a new life insurer that seeks to tap rising incomes.

Kompaniya Editor to Be Fired Over Beslan

  • 27 September 04
  • Bloomberg
The editor of business weekly Kompaniya, Andrei Grigoryev, is being fired over editorial policy, the second time this month that the editor of a privately run publication has been dismissed after criticizing President Vladimir Putin's government over its handling of the Beslan crisis.

Putin Names Special Reform Commission

  • 19 July 04
  • Bloomberg
President Vladimir Putin set up a special commission in an effort to accelerate plans to streamline the government, a project that has faltered since he launched it five days before being re-elected in March.

Siemens Makes Bid for Power Machines

  • 14 July 04
  • Bloomberg
Siemens, Germany's largest engineering company, is offering to buy a controlling stake in Russian turbine maker Siloviye Mashiny, or Power Machines, Power Machines general director Yevgeny Yakovlev said Tuesday.

Banks Cut Credit Lines to Each Other

  • 10 June 04
  • Bloomberg
Russian banks have closed some credit lines to each other and interbank lending rates have jumped this week on concerns that some banks may fail after two banks missed bond payments, Moscow-based investment banks said.

U.S. Slams Russian Oil Behavior, Asks for Gas

  • 08 June 04
  • Bloomberg
The United States, the world's largest energy consumer, is concerned about ""negative trends"" in Russia's oil industry that threaten future investment in Russia, U.S. Deputy Energy Secretary Kyle McSlarrow said.

Surgut Tops '03 Profit in First Quarter of '04

  • 19 May 04
  • Bloomberg
Surgutneftegaz, Russia's fourth-biggest oil producer, said Tuesday that first-quarter earnings rose 56 percent and exceeded its entire profit for last year, as the company pumped more crude and kept operating costs from rising.

TNK-BP Looks to Invest $1.03Bln

  • 07 May 04
  • Bloomberg
BP's Russian venture plans to invest $1.03 billion this year as part of a drive to boost output and stem falling reserves from Soviet-era fields held by predecessor Tyumen Oil, CEO Robert Dudley said Thursday.

Oil Major Considers Sharing Pipeline

  • 07 May 04
  • Bloomberg
BP's Russian venture may join forces with Gazprom, the world's biggest natural gas producer, to build a gas pipeline to China around Lake Baikal, as the company seeks to tap eastern Siberia's gas riches.

Fyodorov: Ring Fence to Vanish by June

  • 12 April 04
  • Bloomberg
The government probably will boost its stake in Gazprom, the world's largest natural gas producer, to a controlling one and end limits on Gazprom share trading in the next two months, Gazprom board member Boris Fyodorov said Friday.

Illarionov Says Market Should Set Price of Gas

  • 05 April 04
  • Bloomberg
Russia should free domestic prices for natural gas over several years to boost competition and make its gas industry more efficient, presidential economic adviser Andrei Illarionov said Friday.

Titanium Titan Will Go Public in the U.S.

  • 31 March 04
  • Bloomberg
Verkhnyaya Salda Metallurgical Production Association, the world's largest titanium producer, plans to buy out minority owners in a subsidiary so the company can sell shares to the U.S. public in 2005.

Gazprom Eats Away at Itera's Business

  • 23 March 04
  • Bloomberg
Itera, Russia's third-largest gas supplier, said Monday sales plunged 51 percent in 2003 as Gazprom, the world's biggest natural gas producer, squeezed it out of some markets and regained some gas fields.

Russia Planning First Bond Issue Since '98

  • 22 March 04
  • Bloomberg
Russia plans to sell eurobonds this year, returning to international capital markets for the first time since defaulting in 1998 on about $40 billion of Treasury bills, Finance Minister Alexei Kudrin said.

LUKoil to Train Iraqi Oilmen While it Awaits Fate of Qurna

  • 12 March 04
  • Bloomberg
LUKoil, Russia's biggest oil producer, will set up a working group on oil and gas with Iraq's government and train the country's oilmen as it seeks to regain rights to a $3.5 billion oil field in the Middle Eastern state.

LUKoil Moves Into Saudi Arabia

  • 05 March 04
  • Bloomberg
LUKoil, Russia's largest oil producer, plans to set up a venture with Saudi Aramco to tap a Saudi natural gas field and borrow $215 million from a local bank to finance exploration works.

Gazprom Says 2004 to Be a Record Year

  • 03 March 04
  • Bloomberg
Gazprom, Europe's biggest natural gas supplier, said 2004 exports may exceed last year's record $16.5 billion as the company increases the amount of gas shipped abroad amid high international fuel prices.

Powell Says Iraqi Oil Must Wait

  • 28 January 04
  • Bloomberg
Russian oil producers will have to wait until Iraq elects its own government, in a vote expected next year, to negotiate about contracts to extract oil in Iraq and rebuild energy infrastructure there, U.S. Secretary of State Colin Powell said.

Tatneft Admits Turkish, Czech Interests

  • 20 January 04
  • Bloomberg
Tatneft, the country's No. 6 oil producer, for the first time acknowledged that it is bidding for control of refiners in Turkey and the Czech Republic and said it probably can afford to complete only one transaction.

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.

Indian Energy Firm Eyes Barents Sea Venture

  • 15 July 03
  • Bloomberg
ONGC Videsh Ltd., a unit of India's Oil and Natural Gas Corp., may team up with Gazprom and Rosneft to tap an Arctic oil and natural gas field in the Barents Sea, ONGS senior vice president Ashok Varma said.

Gazprom Woos Turkey, Wants Cash

  • 03 July 03
  • Bloomberg
Gazprom may reduce the cost and amount of fuel it sells to Turkey to resolve a dispute that has stalled deliveries through a $3.3 billion Black Sea pipeline that opened in January.

Dispute Delays Lebedinsk Sell-Off

Russian Diamond Producer Opens First Office in Europe