China-Russia cooperation flourishes in St. Petersburg

St. Petersburg, [Russia], Nov. 7 : In a move to deepen cooperation in various fields including economic and cultural, Chinese Premier Li Keqiang arrived in St. Petersburg.

The 1.3 billion-U.S. dollar Pearl of the Baltic Sea project was launched in 2005 in St. Petersburg's southwest Krasnoselsky district.

Shanghai Industrial Investment Co., Ltd. and seven other Chinese companies had participated in the project that has become China's largest non-energy investment project in Russia, reports Xinhua news agency.

The Pearl of the Baltic Sea is a modern multi-functional residential and commercial zone, with a total construction area of 1.94 million square meters.

More than a decade later, it has become a renowned local brand.

Putin hopes for improved relations after U.S. presidential elections

Moscow [Russia], Oct. 17 : Russian President Vladimir Putin has expressed hope that Russia-US relations may recover after the presidential elections in the United States.

"I hope that when these elections, debates, this difficult period in the internal political situation in the United States ends, there will be chances to restore Russia-U.S. relations," Putin said at a press conference on Sunday in India, where he was visiting to attend the BRICS Summit.

"Confrontation is not our choice," he added.

New nuclear plants, military cooperation high on agenda: Putin

Vladimir PutinMoscow : Terming the ties with India as a "privileged strategic partnership", Russian President Vladimir Putin tonight disclosed that construction of new nuclear plants besides military and technical cooperation was high on the agenda during his visit to New Delhi.

Seeking to dispel the perception that Russia-India ties had lost some warmth, Putin described India as a "reliable and time-tested partner" although he spoke of a "gradual transition from the producer-consumer model to joint development and production of advanced weapons systems".

Natural gas will flow after Ukraine pays: Russia

GASMoscow: Russia will resume shipping natural gas to Ukraine after Kiev pays off its first debt installment for past supplies of gas next week, officials said on Friday.

Alexei Miller, chief of Russia's state-controlled Gazprom natural gas giant, made the statement hours after Russia, Ukraine and the European Union thrashed out a USD 4.6 billion deal that will guarantee Russian gas supplies to Ukraine and further on to the EU.

The deal eased fears that Europe will end up shivering this winter like it did in 2009, when a spat over Ukraine's gas bill prompted Russia to cut off energy supplies to Europe for nearly two weeks.

Putin shrugs off damage from Western sanctions

vladimir putinMoscow : Russian President Vladimir Putin on Thursday shrugged off the negative impact of Western sanctions, saying they will only encourage Russia to build closer ties with China, India and Latin America.

Speaking at an investment forum, Putin described the sanctions as "utter silliness" that hurt Western business and offered an opportunity for others to expand in the Russian market.

Putin said the sanctions, imposed by the United States, the European Union and others over Russia's role in the Ukrainian crisis, violated basic principles of the World Trade Organisation and inflicted lasting damage to the global economy.

Gaganjeet Bhullar slips in Russian Open

Gaganjeet BhullarMoscow: Gaganjeet Bhullar struggled on the moving day and slipped down considerably as he carded a three-over 75 with three bogeys and a double bogey to be tied
18th after being fifth overnight at the M2M Russian Open.

Bhullar is now three-under 213 and will need a very good final round to get into the top-10. Meanwhile SSP Chowrasia, who made the cut on the line, improved his position with an even par 72 and he is now two-over 218 in tied 52nd place.

At the top, Scotland`s Peter Whiteford goes head to head with Englishman David Horsey in the final round.

BP chief meets Oil Minister Pradhan on India projs, gas price

Bob-DudleyMoscow: With delays in regulatory nod and gas price revision frustrating its attempts to reverse falling gas output from KG-D6 field, BP chief executive Bob Dudley met Petroleum Minister Dharmendra Pradhan to press for early decisions.

Dudley, along with BP India head Sashi Mukundan, met Pradhan on the sidelines of the World Petroleum Congress on Tuesday to make a case for early decisions, officials said.

Russia ready for talks on gas supply with Ukraine

Russia ready for talks on gas supply with UkraineBerlin, May 31 - Russia said Friday that it was prepared to continue negotiations with Ukraine over gas supplies next week once it receives partial debt payment from Ukraine.

Representatives from the European Union (EU), Russia and Ukraine met here Friday for a new round of trilateral talks in a bid to settle the ongoing gas dispute between Russia and Ukraine, days before a deadline set by Russia to cut the flow of gas if Ukraine does not pay unpaid bills, Xinhua reported.

Vladimir Putin expresses interest to work closely with Modi

Vladimir Putin expresses interest to work closely with ModiSt. Petersburg (Russia), May 25 : Russian President Vladimir Putin has expressed his country's willingness to work closely with prime minister designate Narendra Modi and promised to strengthen economic, military and technical cooperation .

Speaking to a group of journalists from the international media here, Putin reportedly said that the relations between the two countries are above political parties. He said, Russians are friendly with the Indian people and they want to have good relations with India.

Putin says Russia-China ties enter new stage

Vladimir PutinSt. Petersburg, May 25 - Russian President Vladimir Putin said Saturday that his meeting with Chinese President Xi Jinping earlier this week in Shanghai marked that Russia-China relations have entered a new stage.

Putin made the comment during his meeting with representatives of world leading news agencies at the 18th St. Petersburg International Economic Forum, Xinhua reported.

Putin also said that the consensus reached and agreements signed in Shanghai demonstrated a big step forward for the relations between Russia and China.

Prince Charles' Putin remarks outrageous: Russia

Prince Charles' Putin remarks outrageous: RussiaMoscow, May 23 - Russia has termed "outrageous" Prince Charles' reported controversial description of President Vladimir Putin.

Remarks attributed to the Prince of Wales likening Vladimir Putin's actions to some of those of the Nazis are "outrageous", BBC quoted Thursday the Russian embassy as saying.

Deputy ambassador Alexander Kramarenko has met foreign office officials to ask for official clarification.

The alleged comments were made during a conversation with a former Polish war refugee during a royal tour to Canada.

Russia softens tone on gas dispute with Ukraine

Dmitry MedvedevMoscow, May 15 - Russia said Wednesday it would resume gas price talks with Ukraine if Kiev pays off part of its mounting gas debt, in an apparent move to soften its tone on gas dispute with the Eastern European country.

"No one ever said: Return four billion US dollars immediately," Xinhua quoted Prime Minister Dmitry Medvedev as saying. But he stressed that Ukraine should at least show the willingness to pay the outstanding debt. "If they pay a part, it is at least a basis for talks."

Russian FM says impossible to isolate Moscow

Sergei-LavrovMoscow, April 21 : Asserting that any attempt to isolate Russia was bound to fail, Russian Foreign Minister Sergei Lavrov Monday urged European Union (EU) countries to make responsible and independent decisions on sanctions.

"Isolation has never led anyone to anything," Xinhua reported citing Lavrov as saying.

"Those trying to isolate in various situations various countries and various governments were in the end compelled to talk to those whom they wanted to isolate," Lavrov said adding it was impossible to isolate Russia from the rest of the world.

Russia favours closer economic ties with China

Russia favours closer economic ties with ChinaMoscow, April 19 - The country eyes closer economic ties with China, with bilateral trade's turnover expected to reach $100 billion next year, Russia's deputy Prime Minister Dmitry Rogozin said Friday.

Trade growth between the two countries had accelerated in the first two months of this year to 4 percent, Xinhua quoted Rogozin, who met visiting Chinese Vice Premier Wang Yang in the Far East city of Vladivostok, as saying.

China became Russia's largest trading partner last year and Russia became China's ninth largest, he said.

Putin signs order to appoint Crimea's interim head

Vladimir-PutinMoscow, April 15 : Russian President Vladimir Putin signed an order appointing Sergei Aksyonov as the interim head of Crimea.

The order dated April 14 came into force immediately, after it was published on the legal information portal Tuesday, ITAR-TASS reported.

Putin Monday informed the prime minister of Crimea about his decision to appoint Aksyonov as the interim head of the Black Sea peninsula.

"The constitution of Crimea has been adopted, and according to the existing legislation of Russia, it is necessary to appoint an interim head of Crimea," Putin said.

Russia cancels discount on gas supplies to Ukraine

Russia cancels discount on gas supplies to UkraineMoscow, April 1 : Russian gas monopoly Gazprom said Tuesday it has cancelled discounts on natural gas supplies to Ukraine.

"In the second quarter of 2014, price of gas supplied to Ukraine will be $385.5 (for 1,000 cubic metres)," Gazprom CEO Alexei Miller said.

Miller noted that Gazprom would not any more apply the discount agreed with Kiev last December, Xinhua reported.

Putin proposes cancellation of Black Sea Fleet agreements

Vladimir PutinMoscow, March 29 - Russian President Vladimir Putin Friday submitted a proposal to the lower house of parliament on terminating a number of Russia-Ukraine agreements over the Black Sea Fleet.

The agreements, signed in 1997, are related to the parameters of division of the Black Sea Fleet as well as the status and conditions of the Russian Black Sea Fleet's deployment on the territory of Ukraine on reciprocal payments.

Russia's largest bank warns of recession risk

Russia's largest bank warns of recession riskMoscow, March 25 - Risk of recession in the Russian economy exists, but it is too early to make precise forecasts due to high uncertainty of macroeconomic situation, head of Russia's largest bank said Monday, the media reported.

Recession or flat growth of the gross domestic product (GDP) will occur if capital outflow amounts to $100 billion this year, Xinhua quoted German Gref, CEO of the state-owned Sberbank, as saying.

"So far, everything is okay. Everything is rather stable," Gref said.

Putin signs Crimea accession into law

Vladimir-PutinMoscow, March 21 : Russian President Vladimir Putin Friday signed into law legislation on the accession of Crimea after both houses of parliament unanimously approved it.

"I signed several decrees today, including the decree on the formation of one more federal district, the Crimean federal district," Putin said at the signing ceremony.

"We have a lot of work ahead on Crimea's adaptation and on its joining Russia's legal system, the Russian economy and the social sphere," Putin added.

Russia to finalise Crimea accession procedure this week

Sergei-LavrovMoscow, March 20 : All legal procedures governing accession of Crimea with Russia will be completed this week, Russian Foreign Minister Sergei Lavrov said Thursday.

"Currently, practical steps are being undertaken to implement the treaty signed by Russian, Crimean and Sevastopol leaders about accession of the two new regions into Russia," Xinhua quoted Lavrov as saying in a meeting in the ministry.

He noted that Moscow would continue protecting Russians abroad with political, diplomatic and other legal means.

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