Russia 100527 Basic Political Developments



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National Economic Trends


  • Reuters: UPDATE 1-Russia cbank aims for inflation no more than 7 pct

  • Bloomberg: Euro Crisis Poses No Risk for Russia, Ignatiev Says (Update1)

  • Interfax: Europe events not to have strong impact on Russia – CB chairman

  • Bloomberg: Ruble Better Able to Withstand External Shocks, Ignatiev Says

  • Bloomberg: Russian Bank Lending Still at ‘Low’ Level, Ignatiev Says

  • Reuters: Russian rouble extends recovery on stronger oil

  • Interfax: Banks have 475.5 bln rbs on CBR correspondent accounts on May 27

  • Interfax: Ruble continues to strengthen against dollar, euro

  • Reuters: UPDATE 1-Russia c.bank eyes supervisory tightening

  • Bne: Banks to grab a piece of the privatisation action

  • Alfa: Ministry of Economic Development estimates April GDP growth at 5.5% y-o-y, downgrades 1Q10 estimate

  • VTB Capital: CPI increases 0.1% WoW in the week ending 24 May

Business, Energy or Environmental regulations or discussions


  • Bloomberg: Dart Owns Stakes in Russian Phone Companies, Vedomosti Reports - U.S. investor Kenneth Dart owns “large minority stakes” in Russian phone companies, Vedomosti reported, citing Evgeny Yurchenko, chief executive officer of OAO Svyazinvest, the state-run holding company for regional fixed-line operators.

  • Reuters: Russian billionaire to sell Uralkali stake: report

  • Alfa: Uralkali up for sale

  • Cina Post: Hyundai set to produce subcompact cars in Russia from next January

  • European Investor: EVRAZ REPAYS VNESHECONOMBANK LOAN USING 5-YEAR CREDIT FACILITY FROM GAZPROMBANK

  • Reuters: BRIEF-Russia's VTB plans to increase divs by 2013

  • Emerging Markets: EXCLUSIVE: Sberbank hires Romaev as head of new debt unit

  • Emerging Markets: Deutsche Bank opens second office in St. Petersburg

  • Reuters: UPDATE 1-Russian grocer X5 trims outlook due to low inflation

  • Bloomberg: X5 Swings to First-Quarter Profit of $78.9 Million After Loss

  • UralSib: Aeroflot: Rostechnologies wants stake in Aeroflot

  • MarketWatch: CNH and KAMAZ Finalize Strategic Alliance in Russia

  • Nano Werk: T-Platforms Group Chosen to Manage $6 Million Nanotechnology and Supercomputing Enablement Program

  • Moscow Times: For the Record

    • Russia has 981 banks, a decrease of 26 in a year, Mikhail Sukhov, head of the Central Bank’s licensing department, said Wednesday. (Bloomberg)

    • United Company RusAl expects sales in Russia and the CIS to hit almost 1 million metric tons next year, double the amount sold last year, the company said Wednesday. (Bloomberg)

Activity in the Oil and Gas sector (including regulatory)


  • Steel Guru: Rosneft and Zarubezhneft applying for offshore licenses

  • UralSib: Rosneft Seeks compromise with FAS

  • Bloomberg: Alltech Pitches $3.9 Billion Russia LNG Project, Kommersant Says

  • Hydro International: Nord Stream Pipeline to Block Harbours



Gazprom


  • DJ: Gazprom: All Issues Settled With Customs Agency In Tax Dispute

  • Moscow Times: Customs Repays Gazprom

  • VTB Capital: Customs Service repays USD 1.5bn to Gazprom

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Full Text Articles




Basic Political Developments

Mysinchew: Russia wants '100 percent proof' N.Korea sunk ship: ministry


http://www.mysinchew.com/node/39625
 2010-05-27 16:07

MOSCOW, May 27 (AFP) - Russia will not support efforts to punish North Korea for sinking a South Korean warship until it is fully convinced Pyongyang was behind the incident, a foreign ministry spokesman said Thursday.

"We need to receive 100 percent proof of North Korea's role in the sinking of the corvette," the spokesman, Igor Lyakin-Frolov, was quoted as saying by the Interfax news agency.

"Our specialists are currently studying the materials of the investigation. We need to draw our own conclusions about what happened. Everything will depend on the situation and the body of evidence."

The comments came a day after Russia announced that it was sending a team of experts to South Korea to assess the evidence about North Korea's involvement in the sinking of the warship, which left 46 sailors dead.

In a separate report, a senior source in Russia's navy suggested that Moscow was unhappy about being excluded from the lengthy multinational investigation into the sinking of the Cheonan, a 1,200-tonne corvette.

The investigation -- which included experts from South Korea, the United States, Australia, Britain and Sweden -- concluded last week that there was overwhelming evidence that the ship had been sunk by a North Korean torpedo.

"With the participation of Russian specialists, the results of the investigation into the incident might have been more complete and objective," the Russian navy source told Interfax.

South Korea has cut trade ties with North Korea and is seeking diplomatic support for new United Nations sanctions against Pyongyang over the incident, seen as the worst provocation since the end of the 1950-53 Korean War.

Pyongyang has denied any role in the sinking of the Cheonan, which went down in waters disputed by North and South Korea on March 26.

As a permanent, veto-holding member of the UN Security Council, Russia would need to offer its support for the United Nations to impose sanctions against North Korea over the deadly incident.

RIA: U.S. praises Russia decision to examine warship's sinking in S.Korea


http://en.rian.ru/world/20100527/159176270.html
07:4027/05/2010

Moscow has the right to conduct its own investigation into the recent sinking of a South Korean warship as Russia along with China plays a considerable role in the settlement of the situation on the Korean peninsula, the U.S. Department of State said.

President Dmitry Medvedev sent on Wednesday a group of Russian experts to South Korea to examine the results of a probe into the sinking of the South Korean vessel.

"Russia is, has been, a participant in the Six-Party process. They have a direct interest in... peace and stability in the Korean Peninsula. I think it's for them to make their own judgment as to the implications of the investigation. We've made our judgment. We are going to support South Korea and we would hope that China and Russia will do the same," Philip Crowley, the department's assistant secretary, told a daily press briefing in Washington.

South Korea's 1,200-ton Cheonan corvette sank near the disputed Northern Limit Line in the Yellow Sea on March 26 with the loss of 46 lives. After an investigation, Seoul accused North Korea of firing a torpedo from a submarine at the vessel.

"China, Russia, along with Japan, South Korea, and the United States, we are committed to a process that... we hope will send a clear message to the North Korean leadership and that they will choose a different path. Regrettably, they continue to choose the path of provocation... China and Russia clearly have to play a significant role in that response that sends a very clear and compelling message to North Korea," he added.

WASHINGTON, May 27 (RIA Novosti)


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