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Business & government |
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Hospitality events in lieu of the Russian banya
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"The administrations of both countries have found courage and wisdom to stop these negative processes. It was essential to get an unbiased assessment of the state of our relations so that we would be able to work on improving them." - Nikolay Babich, Consul General of the Russian Federation in Houston.
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Resources Ministry cautious over hydrocarbons reserves
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The Minister of Natural Resources of the Russian Federation expressed opposition to the plans for forming a state oil reserve comprised of unexplored hydrocarbon fields. Minister Trutnev indicated that it would be of greater advantage for the government to distribute oil and gas fields to companies as demand for fuel rises.
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U.S. and Russia trade: recovery begins
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The volume of trade between Russia and the United States in 2009 has decreased significantly as a result of the world-wide economic crisis and the consequences it held in store for both countries. According to the Foreign Trade Division of the U.S. Census Bureau, in 2009, the volume of trade was only USD 21.7 billion.
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In the news |
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Low cost of gas discourages innovation
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According to Mr. Miller, the difference in the cost of energy – and, more specifically, the cost of natural gas – puts Russian companies at an undue advantage and allows them to enjoy steady cashflow from the sale of products manufactured through the use of an old-style technological process.
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Pipeline charges increase 12.3 percent
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The Federal Tariffs Service of the Russian Federation made the decision to increase transportation charges for the transit of natural gas through pipelines by independent producers. The increase of 12.3 percent became effective at the start of 2010.
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9-km oil wells drilled at Odoptu
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In January 2010, American company Exxon Neftegaz Limited, which is the operator of Sakhalin-1, reported completing two inclined wells at the Odoptu field in the offshore zone of Sakhalin Island. The wells are 9 kilometers deep. The plan is to have 7 wells drilled at Odoptu.
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Gazprom to develop Badra field
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Gazprom Neft was successful in winning the tender for the Badra oilfield. Reserves at the oilfield have been estimated at 2 billion barrels. In addition to Gazprom Neft that holds 30 percent in the venture, the consortium for the development of Badra includes Kogas of South Korea (22.5 percent), Petronas of Malaysia, and TPAO of Turkey.
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Russian-American relations improving
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Political analysts unanimously agree that the first year of Barack Obama’s work in office had a positive effect on bilateral relations between Russia and the United States. According to Vyacheslav Nikonov, head of the Politics Foundation, the climate in the relationship “noticeably improved.”
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Russian people like Obama’s work
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The results of a recent poll conducted by the Russian Public Opinion Study Center shows that the majority of Russian citizens approve the work of President Barack Obama. The poll was conducted in 42 Russian regions in mid-January 2010.
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Second pipe tender for Nord Stream
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The Nord Stream Consortium intends to commission Russia’s OMK, Europipe of Germany, and Sumitomo of Japan to supply more than 1 million tons of steel pipes for building the second segment of the Nord Stream project.
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Nicaragua’s Pacific-Atlantic canal
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In the end of January 2010, R.F. Deputy Minister for Transportation Sergei Aristov met Nicaraguan Deputy Foreign Minister Manuel Coronel for discussions related to the construction of a new canal between the Pacific and the Atlantic Oceans.
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Sustained level of grain exports
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Exports of grain from Russia in the current agricultural year (beginning in July 2009 and ending in June 2010) went down only slightly, even though the harvest volume was substantially lower than one year before.
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Chelyabinsk Zinc Plant posts profits
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Chelyabinsk Zinc Plant ended 2009 with a profit, contrary to the predictions of some analysts. The company’s operations in the first three quarters of the year brought in a profit of RUR 268 million (computed under International Financial Reporting Standards).
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Accumulation of radioactive wastes to be banned
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The State Duma of the Russian Federation will in the near future adopt legislative measures to prohibit stockpiling radioactive waste in the country. The lower house of the Russian parliament voted in favor of the bill banning nuclear waste accumulation in the first reading.
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Samsun-Ceyhan oil pipeline
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Russian officials met with their Turkish counterparts in Moscow to discuss the construction of the Samsun-Ceyhan oil pipeline on January 13, according to R.F. Deputy Prime Minister Igor Sechin. Russia expects to be actively involved in the project. The ownership share that Russia will have in the venture has not yet been agreed upon.
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Techsnabexport – new uranium contracts
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Russia’s nuclear materials and nuclear services exporter Techsnabexport estimates that in 2010 it will supply uranium products worth USD 1 billion. Atomenergoprom, the only shareholder of Techsnabexport expects three contracts for the delivery of nuclear fuel to be signed soon.
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United Company Rusal raised USD 2.2 billion
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Rusal, the world’s largest manufacturer of aluminum and alumina, paid its creditors 2.143 billion dollars from the proceeds received as a result of its initial public offering at the Hong Kong stock exchange, the NYSE, and Euronext in Paris.
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Car market to expand by 15 percent
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In 2010, passenger vehicle sales in Russia are expected to go up 15 percent to 1.6 million cars. The new forecast was prepared by Stanley Root, a partner of PriceWaterhouseCoopers. According to the less-likely pessimistic scenario, sales of automobiles may decrease by 5 percent to only 1.3 million.
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Negotiations in Moscow help American producers understand Russia
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Discussions between Russian regulators and a U.S. task force on the issue of poultry supplies to the R.F. market helped American officials understand Russia’s position. Talks were being conducted in the latter half of January 2010.
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Regulators contemplate introducing auctions for meat quotas in 2011
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Russian regulators are seriously considering altering the system for allocating meat importing quotas. Andrei Slepnev, Russia’s Deputy Minister for Economic Development, said that a method for distributing the quotas through an auction may be introduced.
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Environment |
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Russia’s environmental horizon becomes clearer
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Russia’s vast territories and its seemingly inexhaustible natural resources have produced significant environmental problems for the country. In a less-then-wise regime of environmental protection and resources conservation, large open spaces and easily accessible raw materials made the situation perverse on a national scale.
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Spiritual Diplomacy |
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Mikhail Morgulis: “New Road to Peace”
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Spiritual Diplomacy attempts to resolve conflicts between nations and within state borders by relying on the peoples’ spiritual values. This may be the only remaining strategy that provides a true key to the survival of the human race.
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Arts & crafts |
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RussFolk Art
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The San Francisco-based company RussFolk Art was established in 1987. RussFolk Art is well-known for the large collection of unique and original lacquer miniature works that are impossible to find elsewhere.
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Old Vyatka’s crafts
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The formation of Russia’s cultural centers for different types of handicrafts took many years and even centuries. The mastery of craftsmen, the uniqueness of each particular style, and the cumulative artistic talent developed over a long period of time. One such unique cultural craft center is Vyatka.
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2010 artist of the year
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Every February, Russian-American Business magazine chooses a winner of an honorary recognition and an extraordinary acknowledgement plaque for the artist of the year. Last year’s nominees included individuals from the film, music, and art industries and world renowned writers.
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Military affairs |
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Reform of strategic missile forces
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Major General Aleksey Konnov is the Deputy Director of the Strategic Missile Troops Academy. Before assuming his new position, Maj. Gen. Konnov served as a commander of a missile regiment, a commander of two missile division, and, most recently as the deputy commander of the missile army.
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Latest news
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source: RIA novosti
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