Publication: Moscow Times

First reported 2 hours ago - Updated 2 hours ago - 1 reports

Naftogaz to Return Gazprom's 'Erroneous' $10 Million Payment

Ukraine's state-owned energy company Naftogaz said Thursday that the $10.5 million it received from Gazprom for gas transit in July was paid by mistake and will be returned.Even though Naftogaz is heavily in debt to Gazprom for earlier supplies, the Russian ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Russia Looks for Alternatives to SWIFT to Curtail Sanctions Risk

In response to Western sanctions on Russia's financial sector, Russia's Central Bank is looking for ways to replace SWIFT, a Belgium-based interbank messaging service that is key to plugging banks into the global financial system.Kommersant on Wednesday ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Slump Hits Russia's VTB Bank as Ukraine Crisis Wipes $220 Million Off Q2 Earnings

The logo of VTB Bank is displayed on the top of a building in Moscow.Russia's second-largest bank VTB said an economic slowdown and political tensions over the Ukraine crisis had damaged its business, as it reported an 82 percent slide in first-half ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Carlsberg Makes Bottles Smaller to Avoid Hiking Prices

Danish brewer Carlsberg is avoiding price markups in Russia by making some of its bottles smaller and putting less beer in others, the company's CEO said, Bloomberg reported Thursday.Carlsberg, which relies on Russia for 35 percent of its profits, is ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

General Motors Cuts Production for 3 Months at Russian Plant as Car Sales Slump

General Motors is cutting production at its plant near St. Petersburg.General Motors said Thursday it would reduce production at its plant near St. Petersburg, citing a continued slowdown of the Russian auto market.The plant, which makes Chevrolet Cruze, ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Westinghouse Asks EU to Tackle Russian Monopoly on Nuclear Fuel

Hungary, Slovakia, Bulgaria and the Czech Republic exclusively use nuclear fuel rods supplied by Russian company TVEL to power their VVER nuclear reactors.U.S.-Japanese atomic group Westinghouse is lobbying the EU to break Eastern European countries' ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Profits at E.On Russia Slump as Slowdown and Sanctions Bite

E.ON Russia, the Russian subsidiary of German energy major E.On, said Thursday its first-half net income fell 15 percent year-on-year, as an economic slump in Russia exacerbated by Western sanctions takes its toll.Net income fell to 8 billion rubles ($220 ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Ruble Strengthens and Stocks Rise as Ukraine Talks Near

At 7 p.m. in Moscow, the ruble was trading 0.55 percent higher against the dollar at 36.10 and was up 0.42 percent against the euro at 47.92.That left the Russian currency 0.45 percent firmer at 41.43 against the dollar-euro basket the Central Bank uses ... [Published Moscow Times - 2 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Russia's RT News Channel May Launch French-Language Service

The government is ready to spend 1.3 billion rubles ($35 million) to create a French-language service at Kremlin-sponsored television news channel RT, according to a draft bill published Thursday on the government's legislation portal.The new channel ... [Published Moscow Times - 2 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

Russia's History Is Incomplete

August in Russia is a big month for anniversaries. Aug. 19, 1991, saw a conservative military coup in Moscow; its failure signaled the terminal phase of the fall of the Soviet Union. On Aug. 23, it will have been 75 years since Soviet Foreign Minister ... [Published Moscow Times - 9 hours ago]
First reported Aug 20 2014 - Updated Aug 21 2014 - 2 reports

Roscosmos Plans to Beef Up Russia's Segment of the International Space Station

Russia's space agency says it plans to continue expanding its segment of the International Space Station, or ISS, in 2017, amid concerns that Moscow will pull out of the program in 2020 due to fraying relations with its major partner in space, the U.S., ... [Published Moscow Times - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 2 reports

Roscosmos Strategic Plan Sees 180 State Spacecraft Launches Through 2025

Having virtually ignored the Moon since the 1970s, Russia's Federal Space Agency has requested 28 billion rubles ($770 million) from the government to finance its resurgent robotic Lunar exploration program as part of its proposal for a national space ... [Published Moscow Times - Aug 21 2014]

Quotes

...issue … you do not have a second supplier," Westinghouse deputy president for strategy Michael Kirst said, the Financial Times reported Wednesday. "The utilities that are entirely dependent on Russia are playing a game of gambling here" he said, adding that having an additional supplier is more than just a political safeguard, but also a defense against technical failures
"World events in these countries are covered, as a rule inin a way that show Russia in an unfavorable light, which leads to the formation of negative attitudes toward Russia" the note said, adding that the new French service is being created to change this situation
"The ruble is being supported by a combination of factors — there are some signals on a de-escalation of the conflict in Ukraine, there's the tax period … and the exchange rate has climbed rather high in the past few days" said Ruslan Pshonkovsky, a trader at Roseksimbank in Moscow
"The results are weak, two things are disappointing: its margin fell sharply due to an increase in the cost of financing, and provisions due to Ukraine are still high" said Mikhail Shlemov, a banking analyst at UBS in Moscow

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Westinghouse Asks EU to Tackle Russian Monopoly... [Published Moscow Times - 2 hours ago]
Russia's RT News Channel May Launch French-Lang... [Published Moscow Times - 2 hours ago]
Ruble Strengthens and Stocks Rise as Ukraine Ta... [Published Moscow Times - 2 hours ago]
Naftogaz to Return Gazprom's 'Erroneous' $10 Mi... [Published Moscow Times - 2 hours ago]
Profits at E.On Russia Slump as Slowdown and Sa... [Published Moscow Times - 2 hours ago]
General Motors Cuts Production for 3 Months at ... [Published Moscow Times - 2 hours ago]
Slump Hits Russia's VTB Bank as Ukraine Crisis ... [Published Moscow Times - 2 hours ago]
Russia Looks for Alternatives to SWIFT to Curta... [Published Moscow Times - 2 hours ago]
Carlsberg Makes Bottles Smaller to Avoid Hiking... [Published Moscow Times - 2 hours ago]
Russia's History Is Incomplete [Published Moscow Times - 9 hours ago]
Monkey Bites Girl on St. Petersburg Street [Published Moscow Times - 23 hours ago]
Suspected Lithuanian Killer Nabbed in Yekaterin... [Published Moscow Times - 23 hours ago]
Drunk Passenger Who Forced Plane Landing Then B... [Published Moscow Times - 23 hours ago]
Russian Orthodox Philanthropists Set Their Sigh... [Published Moscow Times - 23 hours ago]
'Putin's Italian Architect' Granted Russian Cit... [Published Moscow Times - 23 hours ago]
Police Shut Down Brothel and Drug Den in Southe... [Published Moscow Times - 23 hours ago]
FSB Officer Wounded in Dagestan Gunfight [Published Moscow Times - 23 hours ago]
Motorcyclist Somersaults to Safety in Dramatic ... [Published Moscow Times - 23 hours ago]
Ukraine Bans 14 Russian TV Channels for 'War Pr... [Published Moscow Times - 23 hours ago]
Tajik Labor Group Head Denies Report of Mass Ra... [Published Moscow Times - 23 hours ago]
Dolgov: U.S. Should Worry About Human Rights in... [Published Moscow Times - 23 hours ago]
Stomping Cats and Lace Panties: Russia's 12 Mos... [Published Moscow Times - 23 hours ago]
Mobile Phone Operator MTS Cuts Sales, Profit Fo... [Published Moscow Times - Aug 21 2014]
Conflict in Industrial East Draining Ukraine Ec... [Published Moscow Times - Aug 21 2014]
Roscosmos Plans to Beef Up Russia's Segment of ... [Published Moscow Times - Aug 21 2014]
Russia Wants the Ability to Kill Asteroids [Published Moscow Times - Aug 21 2014]
Roscosmos Strategic Plan Sees 180 State Spacecr... [Published Moscow Times - Aug 21 2014]
Value of German Exports to Russia Tumbles [Published Moscow Times - Aug 21 2014]
McDonald's Says Studying Russian Claims After O... [Published Moscow Times - Aug 21 2014]
Roscosmos Wants $770 Million to Take Russia to ... [Published Moscow Times - Aug 21 2014]
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