Gazprom considers it necessary to use Sakhalin-1's gas solely for Russia's domestic needs, Gazprom Deputy CEO Alexander Ananenkov said at a meeting of the Commission for Socioeconomic Development of the Far East and the Trans-Baikal region on Tuesday. "This gas

First Russian Deputy Prime Minister Sergei Ivanov has been appointed as the head of a new nanotechnologies governmental council, the press office of the Russian government reported. The council has been created to ensure cooperation between Russian businesses, the government,

The problem with the Kovykta field license will become clear over the next few days, Natural Resources Minister Yuri Trutnev told reporters on Tuesday. "The Federal Agency for Subsoil Use (Rosnedra) will settle the problem shortly," he said. According to

The Central Bank of Russia has lowered its discount rate from 10.5 percent to an all-time low of 10 percent starting 19 June 2007. The decision was made by the Board of Directors of the Central Bank. Sergei Ignatyev, Chairman

RAO UES is planning to raise at least EUR700m for Russia's electricity energy industry through the Kyoto protocol, CEO of the Russian energy holding Anatoly Chubais told a conference. He pointed out that more than 40 projects aimed at reducing

The exact site for the bridge is yet to be decided, by the parties are confident in its importance for the future of bilateral trade.June 19, China Daily. Russia and China should work together to expand the handling capacity of