#AceFinanceNews – MOSCOW – June 03 – /ITAR-TASS/. Russia is interested in closer economic cooperation with Pakistan, especially in the energy sector, Sergei Shatirov, a deputy chairman of the economic policy committee of Russia’s Federation Council upper parliament house, said on Tuesday at a meeting with Russian Honorary Consul in Lahore Habib Ahmed.
According to Shatirov, the Russian side is interested in possible participation in the CASA-1000 project, which provides for the construction of three high-voltage electricity transmission lines from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. “Russia’s joining this project as an equal participant would help solve financing problems. Moreover, it would make it possible to hook up CASA-1000 with Russia’s energy system via Kazakhstan,” he said.
“Russia’s participation in the CASA-1000 project would be a guarantee of uninterrupted electricity supplies to South Asian countries, first, to Pakistan.”
He expressed the hope that Islamabad will support Russia’s initiatives.
Apart from that, Shatirov reassured partners that Russian companies, including Telhnopromexport and Inter RAO were ready to take part in the modernization of Pakistan’s energy sector.
The most promising facilities from this point of view, in his words, were heat power plants in Muzaffargarh and Jamshoro.
Habib Ahmed, in turn, stressed that regular meeting and exchange of views were very useful for the development of cooperation between the two countries. “Our business wants to cooperate with Russia as a country of big opportunities.
And it is important for Pakistan to develop our relations more actively,” he said.
#AceFinanceNews – ROME – April 19 – The Italian authorities have granted the refugee status to the wife of Kazkhstan’s big business tycoon Mukhtar Ablyazov – Alma Shalabayeva – and her under-age daughter.
The decision was made by a special commission for international protection under the country’s Interior Ministry.
Shalabayeva and her little daughter were expelled from Italy on the 30th of last May after police held an operation at a villa near Rome in an attempt to arrest Ablyazov, whose name features on Interpol’s wanted list.
He is wanted in Kazakhstan, Russia and Ukraine for gross embezzlement.
#AceFinanceNews – KUALA-LUMPUR – April 16 – The leadership of UralVagonZavod (UVZ) Scientific Industrial Corporation hopes that the joint venture with Kazakhstan for the production of Terminator BMPT tank support fighting vehicles will be set up in the near future. UVZ special representative for military-technical cooperation Alexei Maslov said this on Wednesday at the DSA-2014 arms exhibition that is under-way in the Malaysian capital.
“We hope that the work regarding the enterprise’s establishment will be completed shortly. We have prepared full set of documents and passed it to the level of government,” he said.
According to Maslov, within the framework of this partnership, the Russian side would supply combat modules and spare details for the BMPT, and Kazakhstan — the chassis. The Terminator vehicle will be assembled in Kazakhstan starting from next year.
UralVagonZavod and Kazakhstan Engineering signed the agreement on establishing a JV for Terminator BMPT production on a parity basis in September 2013 at Russia Arms Expo exhibition in Nizhny Tagil.
#AceFinanceNews – MOSCOW – March 25 – Russia’s Ministry of Industry and Commerce proposes to prohibit purchases of equipment and materials of foreign manufacture by state-run clinics, except the equipment and materials made in Belarus and Kazakhstan, which are members of the Eurasian Customs Union.
A draft government resolution on the issue has been uploaded at an internet portal where the Russian government organizations publish the texts of regulatory and ancillary acts for preview.
“The draft resolution presupposes a ban on access to the Russian market for the medical products manufactured outside the Russian Federation, the Republic of Belarus or the Republic of Kazakhstan,” says an explanatory note on the resolution.
The prohibition will also embrace the equipment and materials that include more than 50% component parts and/or ingredients produced outside the Customs Union.
In addition, the ministry proposes to block access to the Russian state-run clinics for the equipment of foreign make that does not meet Russian quality standards.
The ban will embrace the purchases made “for state and municipal needs”.
The new resolution may affect the procurements of serious equipment like tomographic scanners, mammographic scanners, blood transfusion kits, blood substitutes, infusion solutions, various dentist equipment, infant incubators, units for nasal support of infants’ respiration, defibrillators, antiseptic cloths containing ethanol, medicinal cloths containing pharmaceuticals, would dressing, syringes, and injection needles, says the Rossiyskaya Gazeta daily.
The goal of the resolution is to protect Russia’s domestic market.
It was drafted upon President Putin’s instruction.
#AceFinanceNews – KIEV – March 21. Ukraine’s withdrawal from the Commonwealth of Independent States (CIS) will lead to a sharp decline in investments in the Ukrainian economy from CIS countries, primarily Russia, which is one of the largest investors, said leader of the Ukrainian Choice movement Viktor Medvedchuk.
“The CIS is an effective economic union,” Medvedchuk said commenting on the statements of Ukraine’s Acting Foreign Minister Andrii Deshchytsia and Acting Secretary of the Security Council Andriy Parubiy that Ukraine started procedures to leave the CIS.
“Ukraine’s withdrawal from the organization will also mean leaving the CIS free trade zone,” he said. “The country will forfeit duty free export regime, which will break cooperation ties with enterprises in Russia, Belarus and Kazakhstan. Economic damages will amount to billions of dollars.”
Russian Finance News