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Gunnamatta

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Russia – Ukraine gas relationship ices over again – at the least convenient moment

It’s baaaaack…….Bigger and better than ever before it’s ‘Gas Dispute XIV: Return of the Son of Russia – Ukraine gas dispute’ From the murky swamp...

Exxon calls time on sanctions wait for Rosneft

#Exxon Mobil has given up on the hope out waiting out sanctions on Russia, and its major partner in new Russian exploration and development, #Rosneft, abandoning plans to spend up to $500 Bln.

Ratings agencies stoke Russia enthusiasm

A long awaited upgrade to Russia’s sovereign ratings by #S&P has breathed more life into the country’s markets.  S&P’s move to upgrade Russia’s long and short term sovereign rating ‘BB+/B’  to ‘BBB-/A-3’ on Friday ...

Russia puts the clamp on Belarus milk

Russia has imposed a ‘temporary’ ban on the import of raw milk and milk products from #Belarus, with domestic producers expected to benefit most as they try to clear up a milk glut which has hammered prices.

Late winter European freeze warms Gazprom coffers

A sudden cold snap which spread across northern Europe last week saw gas prices spike as extra heating energy became the order of the day.  The surge in demand became a windfall for #Gazprom, Europe’s largest gas supplier, as spot prices climbed 30%

End of an era as Galitsky steps away from the Magnit counter

Sergey #Galitsky, founder and majority stakeholder in Russian retailer #Magnit has sold a 29% stake to #VTB for RUB138 Bn (USD $2.45Bn)

Russian interest rates tumble as 2017 sees fourth year of real income decline

Rosstat data shows incomes declining for fourth consecutive year

Polyus & Fosun: Aborted gold deal a valuation too far

China’s Fosun International had ended its proposed purchase of a 10% stake in Russia’s #Polyus Gold after discussions had been ongoing since 2016.