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Tag Archives: Russia

Ukraine to Stop Buying Russian Gas

Russia and Ukraine failed to reach a new agreement on gas prices at talks in Vienna on Tuesday, leading to Ukraine suspending its purchase of Russian gas. Russian Energy Minister Aleksandr Novak and Ukraine’s Energy and Coal Minister Vladimir Demchishin both admitted to reporters that the negotiations had born no …

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Foreign Minister Beruachashvili: “Russia Must Pay for its Actions in Ukraine And Georgia”

Russia must take responsibility for its damaging actions in Georgia and Ukraine,  Georgian Foreign Minister Tamar Beruachashvili believes. Speaking at the TO BE SECURE (2BS) international security forum in Montenegro, Minister Beruachashvili stressed Russia’s aggressive foreign policy was unacceptable and countries who chose to pursue Euro-Atlantic integration should not face …

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Novosibirsk – Eighth Russian City Where Georgia will Perform Flights

Novosibirsk – Eighth Russian City Where Georgia will Perform Flights

Georgian Airways is starting multiple charter flights to Russia. Georgia’s national carrier will link capital Tbilisi to Russia’s third largest city Novosibirsk from June 14. Novosibirsk is the eighth Russian city where flights will be carried out from Georgia, announced Georgia’s Ministry of Economy. Negotiations to resume a flight service between …

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Georgia’s Future Examined Amid Tense NATO-Russia Relations

Georgia’s Future Examined Amid Tense NATO-Russia Relations

Georgia is stuck in a difficult place as it pursues its Euro-Atlantic future while facing continued pressure from Russia, says NATO Secretary General Jens Stoltenberg at a speaking engagement in the United States (US). After meeting US President Barack Obama, Stoltenberg addressed the Center for Strategic and International Studies (CSIS) …

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Russia’s Rejoining the G-7 Community is Unthinkable — Merkel

Russia must demonstrate willingness to act within the international law, before it can rejoin the G-7. German Chancellor Angela Merkel stressed this point in her address to Germany’s lower house of parliament, Bloomberg reports.  In Merkel’s words, Russia’s current political stance is unacceptable for the European community. “Thinking in spheres …

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EBRD not to Launch New Projects in Russia

EBRD not to Launch New Projects in Russia

The European Bank for Reconstruction and Development (EBRD) does not stop working in Russia at this point, however, is not considering the launch of new projects. According to EBRD President Suma Chakrabarti , the EBRD does not consider the launch of new projects due to country’s difficult economic situation, however, …

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Europe Is Expected to Bring Antitrust Charges Against Gazprom

European antitrust regulators are expected on Wednesday to charge the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move that could escalate Western tensions with Moscow. Heavily reliant on Russia for their energy needs but deeply suspicious of Moscow, some Eastern European countries have argued …

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11% as Optimistic Outlook for Russia’s Inflation Rate

Russia Inflation Rate

Russia’s inflation may constitute lower than 11% if the current trend of the ruble’s strengthening continues – the Russian publication Vedemosti reported the country’s deputy finance minister saying.  According to the local news agency TASS, Russia’s deputy finance minister Maksim Oreshkin commented on the subject to the press. He said the inflation …

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​Russia ratifies $100bn BRICS New Development Bank

The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF. The New Development Bank is expected to start fully …

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