Russia 110505 Basic Political Developments



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National Economic Trends


  • Russia April services PMI strongest since Dec

  • Russia's Service Sector Activity Strengthens In April

  • Mexico, Russia, Thailand expand bullion reserves - Russia increased its reserves of the metal by 18,8 tons to 811,1 tons in March

  • Russia to Resist Rate Rush Even as Prices Climb, Economists Say - By Agnes Lovasz and Scott Rose

Business, Energy or Environmental regulations or discussions


  • Fesco, Novolipetsk, Polyus, Rosneft: Russian Equity Preview

  • Evraz Group may sell Yubileinaya Coal Mine, Vedomosti Says

  • Icon’s Kirill Dmitriev May Head Russia Fund, Vedomosti Says

    • Insider tapped to head Russia private equity fund-report

  • GE Announces New Sales and Service Operations for Electric Motors in Russia

  • NAVTEQ Announces Real-Time Traffic for Russia

  • Warner Music nears sale ahead of Thurs board meeting – sources: The world's third largest music company is expected to be sold for over $3 billion with leading bidders including Russian-American industrialist Len Blavatnik's Access Industries and Tom and Alec Gores' Platinum Equity/The Gores Group.

  • AFI Development sees $88m annual revenue from Moscow mall

  • Russia imported 275,900 new cars in January-April this year, doubling imports versus the same period last year, according to the Economic Development Ministry.(Interfax)

  • Titanium monopoly VSMPO-Avisma posted 1.18 billion rubles ($42 million) in net profit for the first quarter of 2011, the company said Wednesday.(Interfax)

  • Truck-builder KamAZ's consolidated net losses for 2010 came to 2.2 billion rubles ($78 million), which was a decrease of 67 percent from 6.93 billion rubles in losses posted for 2009, as sales revenue went up 20 percent to 77.6 billion rubles last year.(Interfax)

Activity in the Oil and Gas sector (including regulatory)


  • Russia may curb oil if gasoline prices stay high

  • Russia May Change 60-66 Oil Export Tax Proposal on Higher Price

  • Finance Ministry suggests hiking taxes on gas sector to achieve revenue comparable to oil sector taxes

  • Rosneft closes purchase of 50% in Germany's Ruhr Oel - Sechin (Part 2)

  • Russian LNG Production to Grow at CAGR of 13.9% During 2010-2020

  • China pushing Rosneft to cut crude prices - According to Vedomosti, China is continuing to try and negotiate a lower crude price with Rosneft (for Russian supplies through ESPO). The discount being negotiated is equal to the transportation cost from Skovorodino to Kozmino (although there is not, as yet, any reliable estimate as to how much that is). At the same time, the new terms could imply doubling the volume to be supplied, from 15 to 30mn tonnes per annum.

  • Sale of Lotos unlikely, daily says - Russian firms are reportedly interested, but this wouldn't go down well with the Polish electorate

  • Novatek Sole Approved Bidder for Yamal

  • Oil Firms Seek Relief - "There is a problem with compensating for losses," Deputy Finance Minister Sergei Shatalov said. The ministry still aims to introduce the so-called "60-66" measure to lower crude export duties to 60 percent and increase taxes on oil product exports to 66 percent in July, he said.

  • Nord Stream Passes Ships and Bombs - The next 24 hours will be the last phase of construction after a year and one month of pipe laying in the Baltic Sea, Ruurd Hoekstra, deputy director of construction at Nord Stream, said in a briefing Wednesday in London.

  • Rosneft Offers Russian Sokol Crude Oil Cargo for July Loading

  • TNK-BP sells head office

Gazprom


  • Gazprom’s Serbian Insurer to Get License in June, Beta Reports

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Full Text Articles




Basic Political Developments

Cooperation in missile defense to dominate NATO-Russia Council today


http://english.ruvr.ru/2011/05/05/49863620.html
May 5, 2011 06:22 Moscow Time

Issues of cooperation in missile defense will dominate the discussions of today’s meeting of the NATO-Russia Council at ambassadorial level.

Earlier on Wednesday missile defense issues were addressed at the level of Chiefs of Staff.

The parties confirmed their interest in continuing dialogue, although a difference of approaches to cooperation in this field was noted.

Russia's permanent NATO representative Dmitry Rogozin said that the debate on missile defense was still far from complete, and the ‘Brussels session’ will only be a "milestone”.

Russia, the U.S. and NATO partners expect that the first practical results of dialogue on this issue can be formulated at a meeting of defense ministers of Russia and 28 countries of the alliance in June.

05/05 10:33   Russia, U.S. to sign memorandum of cooperation in fighting terrorism

http://www.interfax.com/newsinf.asp?id=241590



Moscow welcomes Palestinian reconciliation


http://english.ruvr.ru/2011/05/05/49862350.html
May 5, 2011 03:49 Moscow Time

Moscow welcomes the signing of the inter-Palestinian reconciliation.

An official Foreign Ministry document notes the agreement was the result of efforts of various parties, particularly Egypt. Russia, too, contributed, by taking appropriate diplomatic steps.

The statement notes that "in Moscow they proceed from the fact the Palestinian-agreed reconciliation version consolidates the authority of the Palestinian leadership headed by Mahmoud Abbas to conduct an equitable dialogue with the Government of Israel."

On Wednesday a reconciliation agreement was signed in Cairo between the 15 Palestinian political movements, including the two largest - Fatah and Hamas.


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