Latest St Petersburg (Russia) News
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Gas Tax Tweaks to Ease Burden on Extractors
Russia plans to switch to a variable tax rate on natural gas producers to lessen the burden on companies willing to develop deep and remote fields and to claw back money from exporters who enjoy benefits. The Finance Ministry, which is trying to find ways of replenishing state coffers as the country's economy slides, said on its website that the rates would be based on oil prices, the ...
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Tanzania says Russias ARMZ owes $206 mln in taxes
Thu May 23, 2013 9:34am EDT * Mineral exports up 16 pct in 2012 to $2.3 bln * Government to acquire 50 pct stake in tanzanite producer DODOMA May 23 (Reuters) - Tanzania is demanding almost $206 million in taxes from Russian state uranium company ARMZ which has won a licence to build the east African country's first uranium mine, the energy minister said on Thursday. Russia's JSC ...
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Trade turnover between Azerbaijan and Russia exceeds USD 904m
In January-April this year, the trade turnover between Azerbaijan and Russia amounted to USD 904.315m. The State Customs Committee of Azerbaijan reports that during the reporting period, Russia received products worth USD 426.696m, which corresponds to 5.07% of the total export of Azerbaijan. During the same period, imports were in the amount of USD 477.618m, representing 15.17% of total ...
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Obama Putin exchange letters amid troubled US-Russia relations
USA US President Barack Obama has received a personal response to his letter to Russian President Vladimir Putin: Moscow and Washington must work to overcome antagonism and deal with global political issues as partners, not foes. The response was delivered by Russian National Security Council head Nikolay Patrushev, who has been on a two-day visit to Washington, DC. Patrushev delivered the ...
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Lithuania Detains Alleged Russian Arms Dealer on US Request
VILNIUS, May 23 (RIA Novosti) – The Lithuanian security services have arrested a Russian national at the request of the US Justice Department, which suspects him of smuggling export-restricted military equipment, the Delfi news portal reported on Thursday. Dmitry Ustinov, 46, was detained over a month ago at Vilnius airport in Lithuania, after he arrived from the United States to ...
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UC RusAl Could Lose Director Cheung
RusAl lose its independent director, Barry Cheung. Sual Partners, who own 15,8 percent of aluminum giant UC RusAl, believe that Cheung should be asked to disclose the level of his involvement in a number of financial transactions. Cheung took an abrupt leave of absence from his role as chairman of the Mercantile Exchange, which lost its license on May 18 and stopped trading over the weekend ...
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Russias commitment to new budget rule already in doubt
By Maya DyakinaMOSCOW (Reuters) - Just last year Russia's government reimposed a rule meant to restrain spending and borrowing and channel substantial amounts of the country's energy revenues into its wealth fund.But the economy is weakening and budget discipline is already slipping.Finance Minister Anton Siluanov's inability to hold the line, in contrast to his predecessor Alexei ...
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Russia Serbia may sign military-technical cooperation agreements this year - Shoigu
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$1 Billion Spent on Gazprom Anniversary Party
In February, the Kremlin hosted a gala concert to celebrate the company's anniversary at a cost of $1.78 million, but company financial statements show that 600 times that amount was spent on one-off payouts to personnel. Staff at Gazprom received a month's bonus in honor of the anniversary, costing the company a further $61 million, the report said. Additional costs could mean that ...
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UPDATE 1-Russias VTB in talks to sell Rosbank stake
Thu May 23, 2013 7:23am EDT * Stake could be worth around $300 million-analysts * Likely to be sold at below book value price- analysts * VTB bought in 2010, has previously tried to sell (Recasts with VTB confirmation, adds analysts' comments, background) MOSCOW, May 23 (Reuters) - Russia's second-largest bank VTB said it was in talks to sell its stake of around 10 percent in Societe ...
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Russia tweaks taxes to stimulate hard-to-recover gas output
Thu May 23, 2013 7:21am EDT * Russia faces state budget deficit in coming years * Novatek to benefit more from the new regime - analysts MOSCOW May 23 (Reuters) - Russia plans to switch to a variable tax rate on natural gas producers to lessen the burden on companies willing to develop deep and remote fields, and to claw back money from exporters which enjoy benefits. The Finance Ministry, which ...
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Soldier Suspected of Throwing Kenyan From Window Detained
A soldier has been detained on suspicion of throwing a 19-year-old Kenyan woman out of a sixth-floor window in Moscow while drunk. The incident is believed to have been preceded by an argument and took place early Sunday morning on Volochaevskaya Ulitsa to the city's east. The woman, who has not been named, was hospitalized with multiple injuries. Police confirmed that the solder had been ...
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Weapons Sales to be Limited During Sochi Games
Vladimir Kolokoltsev said Thursday. In a meeting with the U.S. State Department's diplomatic security bureau the minister said that over 30,000 police and interior troops will be providing security during the Games. "In order to provide security during the Olympics implementation of limitations on the sale of weapons, ammunition, special equipment as well as explosive and poisonous ...
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Grishin Robotics Invests $500000 in Swivl
Mail.ru Group and founder of Grishin Robotics, has invested $500,000 in Swivl, a company that produces robotic video devices. Swivl said in a statement on its website that Grishin's $500,000 investment would be used to accelerate the development of Swivl's second-generation model, which will support mobile devices running on iOS and Android software, and assist with the launch of its ...
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Slain Russian Ibragim Todashev intimidated former neighbors
Former Cambridge neighbors of a Russian mixed martial arts ?brawler shot dead by an FBI agent early yesterday in Florida - after ?being questioned about his ties to ?the marathon bombing and a Waltham triple murder - said he was nasty.Ibragim Todashev, 27, also hung around with slain marathon bombing mastermind Tamerlan Tsarnaev, 26 - swilling beer and eating chicken on a stoop on Harding ...
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Russian boy stabbed during family vacation in Greece given treatment at German hospital
BERLIN - A Russian boy who suffered extensive injuries when he was stabbed during a vacation on the Greek island of Crete is being treated at a hospital in Germany. Berlin's Charite hospital said Thursday that the 12-year-old arrived overnight and is being treated in its children's clinic. It said it could give no further information because of patient confidentiality rules. The ...
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TABLE-Russian goldfx reserves fall to $512.4 bln
MOSCOW, May 23 (Reuters) - The central bank provided the following figures for its gold and foreign exchange reserves on Thursday (in billion dollars): Latest ...
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Gay activists lay condoms to eternal flame in Russia
All Russia has recently celebrated the Victory Day and remembered millions of people, who gave their lives for millions of those, who live today. If it was not for those, who fought in the war against fascism - we would not be ...
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St. Petersburg insurer could get $52 million from Citizens
St. Petersburg-based Heritage Property and Casualty Company is set to receive up to $52 million from Citizens Property Insurance Corp. in a deal that is drawing criticism. Heritage Property and Casualty, which is in line to take over 60,000 policies from Citizens, donated $110,000 to Gov. Rick Scotts reelection campaign in March, the Tampa Bay Times said. Citizens, a state-backed insurer, is ...
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Russia calls consistently for reduction of factor of force in international affairs - Lavrov
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Over 400 Migrant Workers Held in Moscow Raid
Moscow police have detained more than 400 migrant workers, mostly from former Soviet states, following a raid on a construction site in southeast Moscow. In a statement on their official website, police described Wednesday's raid as a preventive measure to combat illegal immigration in the capital. Immigration officials are now reviewing the identities and residency permits of the 411 ...
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Opposition Activist Detained After Bolotnaya Raid
Left Front activist Vasily Kuzmin has been taken in for questioning after investigators raided his apartment as part of the Bolotnaya case on Thursday. Initially there was some confusion as to how many Left Front activists' homes had been searched by Investigative Committee agents. "Searches in relation to Bolotnaya, Left Front, 3 people, Moscow. Our lawyer is on his way," ...
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Fitch Assigns JSC Russian Standard Banks Subordinated Eurobonds B Rating
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Cuban parliament leader says ties with Russia under full expansion
The relations between Cuba and Russia are under full expansion, Esteban Lazo, president of Cuban parliament, said on Friday. Lazo made the remarks after signing an agreement with the visiting leader of Russian Senate, Valentina Matviyenko, to boost the parliamentary cooperation between the two countries. The delegation of the Russian Senate arrived Thursday in Havana, headed by Matviyenko. ...
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Russia to cut strategic arms if US does the same - RF Chief of General Staff
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St Petersburg Focus
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New business centre in St Petersburg remains contraversial
Okhta Centre has become one of the most contentious development projects in all of Russia. It is a project that offers St Petersburg two options that can’t be matched, either to embrace the modern world and allow a world-class business centre to be built, or maintain the city’s historic skyline, architecture and reputation as a major tourist destination with huge historical significance.
Before 2007, Okhta Centre was called Gazprom City and was promoted as such in Russian and St Petersburg news media, but from the start the project was a contentious issue, due primarily to the fact that the development calls for a massive tower to be built in its centre, a tower that will be the tallest in Europe and one of the largest in the world. Read more
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