Oct 31 2014 - 09:36
Russian Energy Minister Alexander Novak, his Ukrainian counterpart Yuri Prodan and European Commissioner for Energy Policy Gunther Oettinger reached a gas agreement in Brussels last night. Russian gas supplies to Ukraine, halted on June 16, will be renewed. Ukraine was given a discount of $100, it will pay $378 per thousand cubic meters. Ukraine will buy gas for about $1.5 billion.
Oct 30 2014 - 16:03
Russia will sell gas to Ukraine at a price of $378 per thousand cubic meters in Q4 2014 and at $365 in Q1 2015. The gas discount will total $100, according to the current contract. The gas price is based on the oil price, Gazeta.ru reports.Ukrainian Prime Minister Arseniy Yatsenyuk had declared the gas agreement earlier today.
Oct 30 2014 - 14:04
Russian Minister for Energy Alexander Novak said at a session of the Cabinet today that a gas deal may be signed today, if Kiev shows the will to do so and if trilateral agreements would be reached the same day, RIA Novosti reports.
Oct 30 2014 - 13:41
The World Bank signed an agreement with the Uzbek government to grant it $261 million for modernization of the drainage system in the Karakalpak Autonomous Republic. $242.5 million will be provided by the International Development Association and $18.3 million by the International Bank for Reconstruction and Development over 25 years (5-year beneficial period), RIA Novosti reports.The IBRD will grant $150 million for developing gardening, buying trees, developing agricultural technologies and improving infrastructure for storage of food.
Oct 30 2014 - 11:56
Kazakhmys, a Kazakhstani mining company, has confirmed plans to start smelting ore from the Bozymchak copper and gold deposit at the end of the year. The first ore will arrive for smelting at the Balkhash Copper-Smelting Factory in November, according to Oleg Novachuk, the general managing director of the Kazakhmys Group, RIA Novosti reports.
Oct 30 2014 - 09:55
Russia, Ukraine and the EU discussed gas problems in Brussels last night. Russian Energy Minister Alexander Novak said that the round will continue on the evening of October 30. In his words, the basic parameters to be included in documents, agreements on prices and a mechanism for restructuring the debt have been established, some gas volumes may be sent in November-December, based on a prepayment system.
Oct 29 2014 - 16:22
Minsk has hosted a seminar entitled “Scientific-technical and industrial integration: standards and gauges of the Union State” today, dedicated to problems of cooperation between Russia and Belarus within the framework of Eurasian integration projects. Mariya Sidelnikova, the editor-in-chief of Vestnik Kavkaza, emphasized that the transport, agricultural, technical and intellectual potential of Belarus was important for Russia, Kazakhstan and Armenia.