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. Last Updated: 07/27/2016

Business in Brief

Gas Cut to Tbilisi

The Associated Press

TBILISI, Georgia — Russia has cut off its natural gas supply to Tbilisi, despite Georgia’s advance payment for January shipments, the Foreign Ministry said Wednesday.

The gas was shut off to the two biggest generators in Tbilisi’s heating and electrical power station on Jan. 1, according to the ministry’s chief spokesman. The energy cut was threatening the work of hospitals and other vital facilities, the ministry said in a statement.

Electricity has been supplied to Tbilisi residents for only six hours per day this winter: two hours in the morning and four hours in the evening. But on Wednesday, no electricity at all was supplied during the morning hours.

Spokesmen for Gazprom and the Moscow office of its U.S-based affiliate company Itera could not immediately comment.




6 Satellites Lost

The Associated Press

Russia has lost six communications satellites after a booster rocket carrying them to space failed shortly after launch.

Three civilian and three military communications satellites were launched Dec. 27 from the Plesetsk Cosmodrome atop a Ukrainian-made Cyclone-3 booster rocket.

The first and second stages of the rocket functioned normally, but the third failed, Strategic Missile Forces spokesman Ilshat Bakchurin said.

The satellites burned up in the atmosphere, scattering debris into the Arctic Ocean southeast of Wrangel Island. The debris caused no damage, officials said.




2001 Budget Signed

The Associated Press

President Vladimir Putin has signed the 2001 federal budget — the first zero-deficit budget since the 1991 Soviet collapse and one of the first passed before the beginning of a new fiscal year.

The budget, signed by Putin on Dec. 27, envisions $40 billion in revenues and spending, well above last year’s budget, which forecast revenues of about $28 billion.




Gas Supplies Halted

The Associated Press

ASHGABAT, Turkmenistan — Turkmenistan has ceased supplying natural gas to Russia after a disagreement over pricing, the government news agency reported.

Turkmenistan supplied Russia with gas at prices ranging from $36 to $38 per 1,000 cubic meters of gas in 2000, but asked for $40 for 2001 supplies, the Turkmen Information Agency said Tuesday.

Russia has not accepted the offer, the agency reported, and gas was shut off on Sunday.

The move won’t cause a shortage in Russia, which has copious domestic natural gas supplies.