Financials and Investment News in Russia

Oil Prices Expected to Recover to Around $70 by 2020
3/7/2016 - Oil prices are expected to rise gradually over the next five years but will remain well below the pre-crash level, according to a survey of professionals who follow the oil industry. ...
Bank of China to Provide Gazprom with EUR 2 billion Loan
3/3/2016 - Gazprom and Bank of China Limited, London Branch entered in Shanghai into a five-year EUR 2 billion loan facility agreement. ...
Bashneft Purchases Bonds Worth 9.9 billion Roubles Under a Put Option
2/18/2016 - Bashneft has completed the purchase of series 04 bonds worth a total of 9 858 534 thousand roubles under a put option. ...
Gazprom Approves List of Measures Aimed at Increasing Company’s Global Market Share
2/16/2016 - The Gazprom Board of Directors approved an updated list of measures aimed at increasing the Company's share in the global gas market. It was noted that amidst the industry-wide changes the updating of...
Gazprom Cancels Gas Discount for Turkey
1/29/2016 - Russia's Gazprom has cancelled a discount in gas prices for Turkish customers, industry officials said, in the latest salvo in a diplomatic and trade row after Turkey shot down a Russian war plane two...
Gazprom Approves Investment Program & Budget and Cost Reduction Program for 2016
12/28/2015 - The Gazprom Board of Directors took notice of the information about the Company's preliminary operating results for 2015, projected Investment Program, Budget (Financial Plan) and Cost Optimization (R...
Gazprom’s Import Substitution Efforts Boost Cutting-Edge Technologies in Russia
11/25/2015 - The Gazprom Board of Directors took notice of the information about Gazprom Group's procurement activity in the new business environment as well as about the import restricting measures. ...
Russia's Yamal LNG Places $2.3 Bln Bonds as Collateral for State Funds
11/20/2015 - Russia's Yamal LNG project, which is controlled by No. 2 gas producer Novatek, said on Friday it will place bonds worth $2.3 billion with the finance ministry on Monday as collateral for funds it has ...
Total CEO Says Financing for Yamal LNG on Track
10/16/2015 - Total Chief Executive Patrick Pouyanne said that financing for the $27 billion Yamal LNG project it is developing in Russia with Novatek was on track. 'Various banks are responding to bids and all is ...
Russia’s Big Hitters Looking to Drive Gas Sales in Emerging South East Asian Markets
10/1/2015 - Gazprom’s Deputy Chairman, Alexander Medvedev, and Chief Executive of Gazprom Export, Elena Burmistrova, will seek to promote the competitive value of Russian gas to the key emerging energy markets of...
Consumer Debt & Non-Fulfillment of Liabilities by Regions Hampering Gasification in Russia
9/28/2015 - The Gazprom Board of Directors considered the information about the progress with the Russian Regions Gasification Program. ...
Russia Says No Decision Taken on Changing Oil Tax System
9/23/2015 - Russia has not decided whether to change taxes on oil firms in the world's top crude producer, Finance Minister Anton Siluanov said on Tuesday, with energy companies warning that higher taxes would hi...
Russian Finance Ministry Proposes Move to Raise Tax on Oil Extraction
9/19/2015 - Russia's finance ministry has proposed changing the calculation method for Mineral Extraction Tax for oil companies by including a so-called "rouble deduction" that would significantly boost revenues,...
Gazprom’s Financial Information Under IFRS
8/31/2015 - Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for t...
Gazprom Earmarks Record-Breaking RUB 10.8 billion to R&D
7/28/2015 - The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. ...
EU Extends Economic Sanctions on Russia
6/23/2015 - European Union foreign ministers extended broad economic sanctions on Russia until the end of January 2016, a move designed to give the bloc time to gauge if the Kremlin will fully implement its side ...
Gazprom & UniCredit Bank Austria Sign Agreement Worth EUR 300 million
6/19/2015 - Gazprom and UniCredit Bank Austria signed a EUR 300 million credit agreement for a four-year term. The document was inked today within the St. Petersburg International Economic Forum 2015. ...
Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
5/29/2015 - Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. ...
Naftogaz Transfers $32 mln to Russia's Gazprom As Pre-Payment for Gas
5/18/2015 - Ukraine's state-run gas company Naftogaz has transferred $32 million to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said. ...
Gazprom Saves RUB 7 billion on Lower Gas, Heat & Power Consumption
4/20/2015 - A meeting of the Gazprom Coordinating Committee for Environmental Protection and Energy Efficiency took place at the Gazprom headquarters under the chairmanship of Vitaly Markelov, Deputy Chairman of ...

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