#AceFinanceNews – RUSSIA/TEHRAN:July.16: Moscow and Teheran are in the process of negotiations, which could see Russia supply Sukhoi Superjet passenger aircraft to Iran, Russia’s Transport Minister Maksim Sokolov said on Wednesday.
“Such talks are being held,” Sokolov said, as cited by Reuters. “And not only Superjets, but also other technology is being met with certain interest from our Iranian comrades.” The Sukhoi passenger aircraft commenced operations in 2011.
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#AceFinanceNews – MOSCOW (Gorki) – September 08. /ITAR-TASS/. Russia and China will sign a contract in October for drawing up an engineering design for a long-haul wide-bodied airliner, Russia’s Vice Premier Dmitry Rogozin announced on Monday.
When speaking at a Vice-Premiers’ meeting held by Head of Government Dmitry Medvedev, Rogozin said, “In October, we must reach out to signing already an engineering design together with our Chinese counterparts through the channels of the United Aircraft-building Corporation for a long-haul wide-bodied passenger airliner. The market in China (in this respect) is rather vast, and this renders this kind of production profitable in principle”.
Considering that almost 80% of long-haul civil airliners in Russia are imported, the implementation of a joint project with China must be started immediately, Rogozin pointed out.
“On the whole, the potential of Russia’s aircraft building industry is considerable enough,” the Vice-Premier said.
#AceFinanceNews – MOSCOW – May 28 – Russian President Vladimir Putin has voiced hope for settling a dispute with Ukraine that could cut off Russian gas supplies to Europe.
In televised remarks at Wednesday’s Cabinet session, Putin signalled that Russia could negotiate new terms for gas shipments to Ukraine if it pays off part of its debt.
Energy Minister Alexander Novak reported at the session that Ukraine must pay $2 billion before Friday and another $500 million before June 7. Once Ukraine makes the first payment, Russia could negotiate a price discount for future supplies, he said.
Moscow has ratcheted up pressure on Ukraine after its pro-Russian president was chased from power in February after months of protests. Since then, Russia annexed Ukraine’s Crimean peninsula and a pro-Russia insurgency has engulfed eastern Ukraine.
#AceFinanceNews – MOSCOW – May 24 – The European countries should use a calculator to see whose natural gas is more beneficial for them to buy, Russian Prime Minister Dmitry Medvedev told the Vesti v Subbotu (News on Saturday) TV programme.
“They always come with new ideas” where they could buy gas, even ready to import liquefied natural gas from overseas, said Medvedev. But a simple calculation would show whether the European economy would endure that and how much such gas supplies would cost, he added.
Natural gas imports from the U.S., according to Medvedev, would cost Europe 40-50% more than Russian gas.
“But the main thing is that you need to arrange supplies,” Medvedev said. The U.S. search for new sales markets is comprehensible, but the Europeans behave strangely, he believes: “Why stand in their own light?”
Europe should appreciate long-term relations as Russia does it: “Our gas relations with Europe are imperishable. We appreciate them as this is a very large and important market for us.”
This, however, did not mean Russia would always do the same thing, and as it is developing and expanding, it could seek other markets seeing nothing shameful in that, he said.
Speaking of the EU plans to diversify gas supplies, Medvedev said it was also Russia’s aspiration, and negotiations with Asian partners had been held exactly for this purpose.
“Asia Pacific is the largest and the most briskly developing market… and could become the major market for Russia,” Medvedev said.
The long-expected deal with “the Chinese friends” is “a big success”, believes Medvedev. The contract with China ensured Russia’s stability given the present relations with Europe and the EU, and “we pivot both sides and stand on our own legs”, said the Prime Minister.
#AceFinanceNews – RUSSIA/CHINA – May 19 – Russia and China are set to sign a long-awaited 30-year gas contract during a two-day meeting, when Russian President Vladimir Putin visits Shanghai on May 20-21.
Gazprom, Russia’s largest natural gas producer, and China National Petroleum Corporation (CNPC) are set to sign a gas deal that will send 38 billion cubic meters of natural gas a year eastward to China’s burgeoning economy, starting in 2018.
The timing is almost flawless as Russia is looking to shield itself from Western sanctions by pivoting towards Asia, and China desperately needs to switch from dirty coal to more environmentally friendly natural gas.
“The arrangements on export of Russian natural gas to China have nearly been finalized. Their implementation will help Russia to diversify pipeline routes for natural gas supply, and our Chinese partners to alleviate the concerns related to energy deficit and environmental security through the use of ‘clean’ fuel,” President Vladimir Putin said.
The deal has been on the table for over 10 years, as Moscow and Beijing have negotiated back and forth over price, the gas pipeline route, and possible Chinese stakes in Russian projects. The gas price is expected to be agreed at between $350-400 per thousand cubic meters.
The deal has been on the table for over 10 years, as Moscow and Beijing have negotiated back and forth over price, the gas pipeline route, and possible Chinese stakes in Russian projects.
The gas price is expected to be agreed at between $350-400 per thousand cubic meters.
” Of course Russia wants to sell gas and resources at the highest possible prices. But because of the sanctions from European partners, we need to find a partner that can buy our gas long-term, which is why at the moment China looks very attractive to us,” Aleksandr Prosviryakov, a partner at Lakeshore International, a Moscow-based asset management firm, told RT at a Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) in Moscow ahead of the big meeting on Tuesday.
On Sunday, Gazprom chief Aleksey Miller sat down with his CNPC counterpart, Zhou Jiping, in Beijing to discuss final details, including price formulas.
But the sticking point is how to finish the pipeline from Russia to China.
Currently there is one complete gas pipeline that runs throughout Russia to the Chinese border, “Siberian Power” which Gazprom broke ground on in 2007, three years after Gazprom and CNPC signed a strategic cooperation agreement in 2004.
The pipeline stretches across Russia’s Far East and after extension to China, it will deliver gas to the country’s populous north, near Beijing.
“Now is the time for Russia to compromise a little bit so that they can lessen their dependence on Western Europe as a buyer of Russian gas. Diversification is a strategy for Russia to have good long-term business relationships with both Europe and China,” Benedicto Yujuico, president of the Confederation of Asia-Pacific Chambers of Commerce and Industry, told RT at an Asian business gathering in Moscow on Wednesday.
A record amount of agreements are expected to be signed at the working meeting between Russia and China. Already 30 out of the 43 prepared agreements are expected to be inked, according to presidential aide Yury Ushakov, as reported by RIA Novosti.
#AceFinanceNews – MOSCOW – May 13 – Russia’s Gazprom demanded a $1.66 billion pre-payment from Ukraine for June gas deliveries on Tuesday, saying the neighbouring country had only half its requirements in storage to ensure a trouble-free winter.
Citing a preliminary bill, Moscow pressed ahead with its demand that Ukraine pay for June deliveries early next month, heightening a dispute over price that is pushing the two countries closer to another gas war that could cut supplies.
Previous disputes over gas have left Europe, which gets around a third of its gas needs from Russia, with limited supplies at the height of winter, spurring it to look for alternative producers. But so far it has been unable to break its dependence on Moscow.
State-controlled Gazprom said the bill was based on Ukraine taking up a contractual amount of 114 million cubic metres per day, or 3.4 billion cubic metres for the month in total.
“Taking into account non-working days, Naftogaz should pay this bill by June 2 and, starting from June 3, the company will be getting gas… only at the volumes paid for,” spokesman Sergei Kupriyanov said in a statement.
This means that Ukraine needs to pay $1.658 billion for June’s gas deliveries based on a price of $485 per 1,000 cubic meters, he added.
Naftogaz confirmed it had received the bill but declined to comment further.
#AceFinanceNews – MOSCOW – May 13 – Russia’s Foreign Ministry believes that the US decision to impose anti-Syrian restrictions against the Russian bank Tempbank is “absolutely unacceptable”, ministry spokesman Alexander Lukashevich said in a statement Tuesday.
“We would like to remind the American side once again that the language of sanctions is useless and counter-productive with Russia.
Should the administration keep following the vicious path, this will negatively affect our joint work on Syria and the general atmosphere of Russian-American relations that are not going through the best times now,” Lukashevich said.
WASHINGTON(VOA) May 08 – The United States on Thursday for the first time slapped sanctions on a Russian bank for its dealings with the Syrian government, which has been engaged in bloody three-year civil war with opposition forces.
The U.S. Treasury put Tempbank, a Moscow-based bank, on its list of sanctioned entities, which effectively cuts the bank off from the U.S. financial system.
The Treasury also put sanctions on an official in the bank, Mikhail Gagloev, six Syrian government officials and two Syrian refinery companies, Banias and Homs.
Syria’s President Bashar al-Assad has been using Russian banks to access world markets, but the United States had in the past resisted imposing sanctions on the banks, ……………. despite pressure to do so from U.S. lawmakers.
#AceFinanceNews – MOSCOW – May 08 – Russia will supply natural gas to Ukraine on a prepaid basis from June 1, Energy Minister Alexander Novak said on Thursday, May 8.
“May 7 was the last day when Ukraine had to pay for the gas supplied. We have not received any payment from Naftogaz Ukrainy since March of this year. Ukraine’s overall debt for gas has reached 3,508 billion U.S. dollars up to date,” he said.
In accordance with Clauses 5.1.5 and 5.8 of the contract for the supply of gas made by and between Gazprom and Naftogaz of Ukraine in 2009, failure to perform the obligations entails an automatic transition to gas supplies on a prepaid basis from June 1, 2014, Novak said.
On May 16, Gazprom will issue a preliminary bill for the supply of gas in June. Ukraine will have an opportunity to pay this bill by May 31, in which case the amount of gas to be supplied in June under the advance payment will not exceed the volume paid for until May 31.
Russian News and Oil Media Sources
#AceFinanceNews – MOSCOW – May 08 – INTERFAX.RU – Ruble against the dollar and the euro on the Moscow Stock Exchange on Wednesday rose amid allegations of the situation in Ukraine, made by Russian President Vladimir Putin after talks with his Swiss counterpart Didier Burkhalter, now presiding in the OSCE.
The euro exchange rate during Putin’s speech fell 39 cents to $ 48.96 rubles. Simultaneously, the dollar fell to 35.135 rubles, losing 27.5 kopecks to the previous close. Currency basket ($ 0.55 and € 0,45) decreased by 33 cent, amounting to 41.36 rubles.
Subsequently developed ruble success, pushing the dollar to 34.99 rubles. Thus, the first dollar for the first time in April fell below 35 rubles. Euro to 17:53 Moscow time dropped to 48.77 rubles and currency basket fell to 41.19 rubles.
At the same time the dollar and the currency basket updated lows in nearly a month. In addition, for the first time since early April cart was at the levels at which the central bank can not intervene to support the ruble.
The Russian stock market after Putin’s announcement also accelerated the rise. By 17:48 Moscow time the MICEX index rose to 1365.84 points (+3.6%), RTS – to 1226.88 points (+4.6%), while the ruble prices of most “chips” on the Moscow Stock Exchange rose within 10%.
Experts attribute the ruble and stock market growth to the fact that Putin’s statement after his meeting with Burkhalter gave hope for a speedy resolution of the conflict between Kiev and supporters of the federalization of Ukraine, whose performances will continue in the south-east of the country.
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1. May 07 – Interfax – http://tinyurl.com/pspcxjl