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Why Europe Still Needs Nuclear Deterrence

By Imants Liegis and Linas Linkevicius and Janusz Onyszkiewicz

In recent months, we have joined discussions led by former U.S. Senator Sam Nunn, former British Defense Minister Desmond Browne and others to find a way to reduce nuclear weapons in Europe. Although we fully endorse the aim of working toward a world free of nuclear arms, we firmly believe that NATO must remain a nuclear alliance so long as these weapons continue to exist around the world. In recent...

Gazprom Exports to Europe Down 12%

The Moscow Times

Gazprom's exports to Europe fell 12 percent in the first four months of 2012, calling the company's annual plans to export 150 billion cubic meters of gas into question, a source told Kommersant, confirming an earlier report by Reuters. Gazprom's exports to Europe fell...

Capturing Emissions Key to Russian Gas in Europe

Reuters

... EU law requiring a separation in ownership between suppliers and infrastructure, such as the Nord Stream pipeline, majority-owned by Gazprom and running from Russia to Germany. Gazprom is also leading the South Stream pipeline project into Southern Europe. Oettinger said the EU was "prepared to look at specific cases, with the aim to find pragmatic solutions within the given legal situation." Ilya Galkin, a senior official in the Russian Energy Ministry, welcomed the prospect of "a...

Russia Tries to Turn Tables on Human Rights

By Natalya Krainova / The Moscow Times

In an attempt to deflect criticism against crackdowns on political protests at home, senior Russian officials on Monday shot back at Western critics, lambasting racism and xenophobia in Europe. In an attempt to deflect criticism against crackdowns on political protests at home, senior Russian officials on Monday shot back at Western critics, lambasting racism and xenophobia in Europe. Foreign Ministry and State Duma officials joined...

Auchan, Renault-Nissan Starting Local Banks

By Irina Filatova / The Moscow Times

Auchan's banking unit and Dutch Credit Europe Group have embarked on establishing a joint bank in Russia to provide a broader range of services to corporate clients. Auchan Group's banking unit and Dutch Credit Europe Group have embarked on establishing a joint bank in Russia to expand their...

Entrepreneur Brings Holidays on Wheels to Russia

By Roland Oliphant / The Moscow Times

... 'That's not for me' — you just don't associate yourself with it," he said. "Then when I tried it — it was eye opening." Since then, he has taken his family on camper-van — or recreational-vehicle — trips all over Europe and the United States. Smitten with vacationing on the road, three years ago he decided to bring his newfound passion to Russia, founding one of the country's first specialist caravan- and recreational-vehicle dealerships. Since then he has sold...

Ukraine's Image Takes a Beating as Euro Football Nears

Reuters

It was never meant to be like this. When Ukraine was named co-host of Europe's biggest football fest in 2009, its leaders hailed the award as a milestone on the road to joining the European mainstream. KIEV — It was never meant to be like this. When Ukraine was named co-host of Europe's...

Carlsberg Remains Buoyant Despite Challenges in Russia

Reuters

... group nearly half its profits. The world's fourth-largest brewer, whose brands include Carlsberg, Tuborg and Baltika, said its beer volumes declined 4 percent overall in the first quarter due to falling East European volumes while Northern and Western Europe saw growth. "It is very positive that they keep their 2012 guidance," said BankNordik portfolio manager Niels-Henrik Moller. "Of course, Russia is a problem, but sales in Russia will get going again and Carlsberg sees positive trends...

Low State Salaries at Heart of Doctor Deficit

By Peter Spinella / The Moscow Times

... million ruble ($33,000) grant. Prime Minister Vladimir Putin promised in March that doctors' salaries will double regional averages by 2018. But such monetary incentives often pale in comparison to what can be made at a drugmaker in Moscow or a clinic in Europe. "In France, a doctor working at a hospital earns 7,500 to 10,000 euros [$10,000 to $13,000] a month," Caroline Galliaerde, CEO of recruitment and executive search company Brainpower in Russia and the CIS, said by e-mail. "Highly...

NATO Chief Confident About Missile Shield

The Associated Press

NATO's top official on Monday defended the alliance's plan for a shield against ballistic missiles in Europe, insisting that the system is on track despite two U.S. reports that describe it as over budget and plagued by technical problems. BRUSSELS — NATO's top official on Monday defended the alliance's plan for a shield against...

Joint Missile Defense Is Limited to Data Sharing

By Ruslan Pukhov

... objective of the two countries' missile-attack early warning systems is to monitor each other's offensive missile activity. Sectoral missile defense. Moscow has been pushing this option as the official alternative to the U.S. missile defense plans in Europe. The idea is that Russia would be responsible to intercept any missiles originating from pariah states, such as Iran or North Korea, that fly over Russian territory toward its target. Moscow argues that if Russia were to operate such a sector,...

Chelsea Is the Luckiest Team in Football

By John Leicester

Lots of money, lots of luck and players who didn't care about winning ugly, just so long as they won, turned Chelsea into the champions of Europe Saturday night. Lots of money, lots of luck and players who didn't care about winning ugly, just so long as they won, turned Chelsea into the champions of Europe Saturday night. The money, of course, is Roman Abramovich's. The billionaire finally...

Enel Confirms TAP Interest

..., project that aims to pump Azeri gas to Italy will boost TAP's chances of being picked as the pipeline of choice, analysts said. Producers in the Shah Deniz-2 field in Azerbaijan plan to ship about 16 billion cubic meters a year through Turkey into Europe from 2017 or 2018. "Enel is interested in projects that bring gas to the country," Enel chief executive Fulvio Conti said Wednesday. Asked whether such projects included the TAP, Conti said, "of course." Europe is keen on getting...

Trends on the Russian M&A Market: Theory vs. Practice

By Ovanes Oganisian / Troika Dialog

The start of 2012 was pretty gloomy for M&A bankers; 2011 had just finished on a very uncertain note, and politicians in Europe were unable to plug the stream of bad news about the European crisis. And although it was not nearly as gloomy as the start of 2009, expectations for M&A bankers in 2012 were quite low and representative of the overall mood on the market as both...

Defense Minister: Missile Shield Negotiations at Dead End

The Moscow Times

... "We have not been able to find mutually-acceptable solutions at this point and the situation is practically at a dead end," Serdyukov said, cautioning that Russia might be forced to deploy strategic missiles positioned to destroy elements of a Europe-based missile shield. Russia has been outspoken in its resistance to NATO-backed U.S. plans to deploy a system of missiles to protect its European allies from potential attacks from states like Iran, saying it could neutralize Russian military...

PHULL, AJIT SINGH

... Manager</b><br>Olam International Ltd<br>1. Handle & Organize Manufacturing Facility, Expansion projects, Manage Production, HR, Quality & HR performances. Provide as link with headquarters corporate personnel & Sales group in Europe & America. 2. Production Forecasting & Planning to make Sales Forecasting & review of Actual Sales with Sales Group in Europe in America. 3. Review (Daily/Weekly/Monthly) on - a. Production volume, Productivity, Yield...

Gazprom Earned $45Bln in 2011 as Tax Man Looms

Reuters

... as an MET hike seems more and more likely. Any guidance on the portion of the burden to be levied on Gazprom is key to the stock's performance," Alfa Bank said in a note before the results. Additionally, the company faces marketing challenges in Europe, where cash-strapped buyers are pressing for discounts. There is also pressure on prices worldwide now that the United States has become the world's top gas producer thanks to its shale gas boom. A potential upheaval among top management is a further...

More Jewish Ghettos Than Previously Believed on Soviet Soil

The Associated Press

Even after decades of in-depth Holocaust research, excruciating details are only now emerging about more than 1,100 German-run ghettos in the Soviet Union and Eastern Europe where the Nazis murdered hundreds of thousands of Jews. NEW YORK — Even after decades of in-depth Holocaust research, excruciating details are only now emerging about more than 1,100 German-run ghettos in the Soviet Union...

How to De-Spook Investors

By Chris Weafer

... uncertain backdrop for global markets. Political uncertainty, now affecting almost all of the world's major economies, has combined with economic unpredictability to create an even more uncertain backdrop for global markets. In the United States, Europe and China, political transition is having a direct impact on macroeconomic trends and on the perception of global investment risk. This combination is keeping investors wary of risk investments, and Russian assets are near the top of that list...

IKEA's Bank Coming to Finance Customers

By Anatoly Medetsky / The Moscow Times

... Friday that it was setting up a bank in Russia. A financial company related to Swedish furniture retailer IKEA said Friday that it was setting up a bank in Russia. The bank will be a 50-50 joint venture between the company, IKANO, and Turkey's Credit Europe Bank. The joint bank will start out by handling IKEA's finances in Russia, said Bo Liljegren, manager of IKANO's business finance division. It could begin operations next year after gaining regulatory approvals. The partners said Friday that they...

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