Russia’s contaminated oil crisis continues to drag on four months since it disrupted the country’s crude exports to most of Europe, Reuters reported.
The Russian Druzhba pipeline, which pumps 1 million barrels of oil per day to Western and Eastern Europe, was found in mid-April to be contaminated with organic...
A court in Russia’s Far East ordered the seizure of a $150 million stake in Vostochny Bank held by embattled private equity group Baring Vostok at the lender’s own request, Echo Moscow reported on Monday.
Baring Vostok has been in the spotlight since the arrest earlier this year of several...
A consortium of Indian companies led by ONGC Videsh (OVL) could sign a preliminary pact for acquiring about 49% stake in Russia's Vankor cluster oilfields during Prime Minister Narendra Modi's annual summit with Russian President Vladimir Putin this week, the Hindu Business Line reported.
This cooperation agreement may include Indian state-owned...
Ukraine's president on Saturday slammed Russia’s controversial Nord Stream 2 pipeline as a "threat" to Europe and welcomed moves by Kiev to tap into gas supplies from the United States, the Kyiv Post reports.
Volodymyr Zelensky, who was elected a few months ago, made the comments about the gas pipeline set...
Indian companies are going to purchase more Russian liquefied natural gas (LNG), including from new projects in the Arctic region, Russian Energy Minister Alexander Novak has said, according to RIA Novosti.
“The LNG market will expand and our Indian partners are interested in increasing LNG supplies in the future, including...
Authorities in the Russian Arctic region of Yamal will promote the region’s eco-friendly products, including fish, deer meat and skin, Yamal’s Deputy Governor Alexander Kalinin said on Thursday, according to FedPress.
"Our potential to access international markets of products other than raw materials is not high, and we plan to...
Russian lender Promsvyazbank, which was effectively nationalized last year, has stepped up gold purchases in the market, Deputy Finance Minister Alexei Moiseev said on Tuesday, according to Reuters.
His comments follow reports earlier this month by business daily Kommersant which cited a PSB earnings report that the bank’s precious...
India is looking at an alternative maritime route for oil imports from Vladivostok in Russia's far eastern region, through the South China Sea and the Malacca Strait, as tensions between Iran and the U.S. are affecting supply through the current sea route, Business Standard reports.
According to the newspaper, the...
A Russian liquefied natural gas (LNG) unit in the Kaliningrad enclave has been leased by Austrian energy company OMV, Reuters reports.
Russia has decided to lease the Marshal Vasilevskiy floating storage and regasification unit (FSRU), hailed by President Vladimir Putin as a guarantor of energy security to Russia’s enclave, in...
