• Medvedev approves gas discount for Ukraine

    Russian Prime Minister Dimitry Medvedev signed a decree detailing the discounted price of natural gas shipments from Russia to Ukraine. The tariff rates will remain the same until March 31, 2016. The documentation was posted on the official legal information web portal on Friday, January 1st.

    The decree provides a formula that makes it possible to calculate the rate of fees on imports of low-carbon, “blue fuel” gas to Ukraine.

    Most economists agree that, based on the contract price of gas at …

  • Putin's son-in-law received $1.75 billion Russian state loan

    A Reuters report on information taken from public records about the government and the Sibur Company indicates that Russian President Vladimir Putin's son-in-law has received government funds for a lucrative construction project.

    33-year-old Kirill Shamalov owns one fifth of the largest petrochemical company in Russia, Sibur Gas Processing and Petrochemicals. In December, Sibur received funds from the National Welfare Fund (NWF) for the construction of a large complex in the Tyumen region near …

  • Russia to end Ukraine’s supply of electricity to Crimea

    It appears as though Moscow will end a contract with Kiev that ensures the delivery of electricity to the Crimea. Having illegally annexed the peninsula in early 2014, Russia insists that Ukraine remove any language from the contact that stipulates that the Crimea is part of Ukrainian territory. Kiev is determined not to give in.

    Kremlin Press Secretary Dmitry Peskov asserted that if Ukraine does not agree to change the wording, Russia is most likely to abandon the contract. "It can be assumed …

  • Moscow to sue Kiev over $3 billion debt

    The Russian Ministry of Finance has declared that Kiev is in a “state of default”, and that Moscow is taking legal action against Ukraine. The $3 billion Eurobond debt owed to Russia was loaned during the reign of former president Viktor Yanukovich in 2013 under the stipulation that Ukraine forgo any steps towards European integration, namely the ratification of the Ukraine–European Union Association Agreement.

    Russian authorities have contacted the Law Debenture Corporation and initiated the …

  • Russia demands prosecution of Syrian Turkman who shot Russian pilot

    The Russian Ministry of Foreign Affairs has demanded that Turkey arrest the leader of an insurgent group of Syrian Turkmen, Alparslan Celik, and bring him to justice for the murder of Russian pilot Oleg Peshkov, as reported by Russian Foreign Ministry spokeswoman, Maria Zakharova, on the agency’s website.

    In an interview with the Turkish newspaper Hurriyet, Celik confessed to participating in the shooting of the pilot after he ejected from his Su-24 bomber that was shot down by a Turkish F-16 …