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. Last Updated: 07/27/2016


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Medvedev, Hu to Speed Up Gas Talks

President Dmitry Medvedev and his Chinese counterpart Hu Jintao agreed on Wednesday to revitalize gas-trade talks between the giant neighbors in a step that may lead to Gazprom taking out a loan from China to deliver the fuel.

Pikalyovo Wants Putin to Throw Pen Again

Prime Minister Vladimir Putin is revered as a hero by many residents of this small town after he forced tycoon Oleg Deripaska to pay their back wages. Now, some of Pikalyovo’s other crisis-hit businesses wish that Putin would intervene on their behalf.

Most Oil Projects May Not Be Profitable

The majority of new oil projects in Russia will not be profitable even with oil prices at $150 per barrel, according to an Energy Ministry proposal on how to reduce taxes at undeveloped fields.

Ministry May Hike Gas Extraction Tax

And businesses who were hoping for a tax break are unlikely to get one.

Milk Shipments Allowed to Resume

The Federal Consumer Protection Service said Wednesday evening that it would allow Belarus to resume sending its milk and dairy products across the border to Russia following another round of talks with a new delegation of officials from Minsk.

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