Ukraine, struggling to pay rising bills for Russian gas and with some areas suffering power rationing due to the severe cold, could halve its gas use by using it more efficiently. KIEV — Ukraine, struggling to pay rising bills for Russian gas and with some areas suffering power rationing due to the severe cold, could halve its gas use by using it more efficiently, a European Bank for Reconstruction and Development official said. High gas prices are a burden on Ukraine...

When Wieslaw Radzieciak took office as the mayor of Lesniowice in the gently rolling farmland of southeastern Poland 26 years ago, the Soviet garrisons that dotted the region were a stark reminder of which superpower was in control. LESNIOWICE, Poland — When Wieslaw Radzieciak took office as the mayor of Lesniowice in the gently rolling farmland of southeastern Poland 26 years ago, the Soviet garrisons that dotted the region were a stark reminder...

SENIOR TALENT JOIN DELOITTE CIS Dedicated to helping our people and clients excel SENIOR TALENT JOIN DELOITTE CIS Dedicated to helping our people and clients excel Deloitte is pleased to announce that the following partners and senior specialists have recently joined its CIS practice.  David Owen , Deloitte CIS CEO:   “I am delighted that so many high quality people have chosen Deloitte to develop the next stage of their career. I really look forward to working with our new talent as...

Energy companies are preparing a collective appeal to the government to demand softening the conditions of the order requiring state companies and banks to disclose the beneficiaries of all parties they sign contracts with. Energy companies are preparing a collective appeal to the government to demand softening the conditions of the order requiring state companies and banks to disclose the beneficiaries of all parties they sign contracts with. Prime...

A fund that will rely heavily on Russian money to invest in clean technology has raised the planned 110 million euros ($145.3 million) in capital from its two founders as it prepares to announce its first deal later this year. A fund that will rely heavily on Russian money to invest in clean technology has raised the planned 110 million euros ($145.3 million) in capital from its two founders as it prepares to announce its first deal later this year, German...

GOLTSBLAT BLP is pleased to announce that Andrei Baev is joining BLP as a senior partner to strengthen further the firm's oil&gas and energy practice and its russian offer to clients. GOLTSBLAT BLP IS PLEASED TO ANNOUNCE THAT ANDREI BAEV IS JOINING BLP AS A SENIOR PARTNER TO STRENGTHEN FURTHER THE FIRM'S OIL&GAS AND ENERGY PRACTICE AND ITS RUSSIAN OFFER TO CLIENTS. This appointment is in response to the increased demand by Russian clients and those investing in Russia for high-quality finance...

SOFIA, Bulgaria — U.S. Secretary of State Hillary Rodham Clinton arrived in Bulgaria, where she will urge the country to break its energy dependence on Russia by diversifying its oil and gas supplies. U.S. officials say Clinton will use her visit to promote alternatives to existing pipeline routes as well as developing new energy sources. They say Eastern Europe's reliance on Russia for energy leaves it vulnerable to "unhealthy" political pressure from Moscow. Russia drew Washington's fury...

Oil output from Russia hit a record high last month thanks to higher pumping rates at Rosneft and Gazprom. Oil output from Russia hit a record high last month thanks to higher pumping rates at Rosneft and Gazprom. Oil production growth in Russia, which is expected to flatten in coming years, again surprised analysts on the upside as it hit a post-Soviet record monthly high of 10.36 million barrels per day in January, the Energy Ministry said Thursday. This was up from 10.32 million bpd in December...

Energy Minister Sergei Shmatko announced that the government has concluded agreements with oil and electricity producers to institute a price freeze on gas and electricity at December levels, despite a rise in oil tariffs. Energy Minister Sergei Shmatko announced that the government has concluded agreements with oil and electricity producers to institute a price freeze on gas and electricity at December levels, despite a rise in oil tariffs, Interfax reported. The Energy Ministry will monitor price...

In the run-up to a fresh round of gas price negotiations Ukraine promised Friday that there would be no resumption of a energy war with Russia, despite an escalating public spat between Gazprom and Kiev's Naftogaz. In the run-up to a fresh round of gas price negotiations Ukraine promised Friday that there would be no resumption of an energy war with Russia, despite an escalating public spat between Gazprom and Kiev's Naftogaz. Repeated failure to reach an agreement...

The sale of the government's stake in Rosneft carries many risks for the company, and there should be no strict deadlines for divesting the state's biggest oil asset. The sale of the government's stake in Rosneft carries many risks for the company, and there should be no strict deadlines for divesting the state's biggest oil asset, Energy Minister Sergei Shmatko said. Shmatko's position is outlined in a letter he sent to Economic Development Minister Elvira Nabiullina...

Ukraine intends to gradually reduce the volume of gas bought from Russia starting from 2013. Ukraine intends to gradually reduce the volume of gas bought from Russia starting from 2013, Ukrainian Energy and Coal Industry Minister Yury Boiko said. "We have told our Russian partners that we cannot buy [a lot of gas at the current price] and have to switch to alternative energy resources. If the gas price goes down, we will buy more of it, and if not, we will be reducing...

Gazprom said Tuesday that it had revised gas prices for several European companies as it seeks to keep its market share in the face of weakening fuel demand due to economic difficulties in the region. Gazprom said Tuesday that it had revised gas prices for several European companies as it seeks to keep market share in the face of weakening fuel demand due to economic difficulties in the region. It said it had “adjusted” contracts with France’s GDF...

Lithuania took a step toward less dependence on Russian gas by deciding Monday to pick Norway's Hoegh LNG to provide an offshore platform for liquefied natural gas imports. VILNIUS — Lithuania took a step toward less dependence on Russian gas by deciding Monday to pick Norway's Hoegh LNG to provide an offshore platform for liquefied natural gas imports. Majority state-owned oil terminal Klaipedos Nafta said in a statement that it chose Hoegh to supply a...

The little boy was walking home from school when he spotted the bubble-shaped silver vehicle in the courtyard. KALUGA — The little boy was walking home from school when he spotted the bubble-shaped silver vehicle in the courtyard. “What a cool car!” he said to its driver, who was standing nearby. “It’s an electric car!” said Nikolai Khmyrov, approvingly. The boy’s face immediately crumpled with scorn. “What a pile of crap! I...

Russia's economy grew faster than forecast last year after falling unemployment and record-low inflation helped bolster consumer demand in the fourth quarter. Russia's economy grew faster than forecast last year after falling unemployment and record-low inflation helped bolster consumer demand in the fourth quarter. Gross domestic product, the value of all goods and services produced, rose 4.3 percent, matching a revised 4.3 percent increase in 2010, the State Statistics Service said...

The anti-government rallies across Russia last month were an indication of the country's active economic development rather than political instability, and more protests are possible with the future growth of Russia's economy. The anti-government rallies across Russia last month were an indication of the country's active economic development rather than political instability, and more protests are possible with the future growth of Russia's economy, First Deputy Prime...

<table cellspaceing="5" cellpadding="5" border="0"> <tbody> <tr><td><b>Last position:</b></td><td>Senior Consultant</td></tr> <tr><td><b>Experience:</b></td><td>6</td></tr> <tr><td><b>Citizenship:</b></td><td>United Kingdom</td></tr> <tr><td><b>Date of Birth:</b></td><td>06/24/1984</td></tr>...

As always, the new year has ushered in major changes to the Tax Code: some finally enacted after years in development, others legislated swiftly and without fanfare. Here is a brief reminder of some of the most significant changes effective Jan. 1. As always, the new year has ushered in major changes to the Tax Code: some finally enacted after years in development, others legislated swiftly and without fanfare. Here is a brief reminder of some of the most...

Gazprom said Wednesday that it expects to rake in almost $40 billion in last year's profit, a big increase from 2010 but not enough to stop ExxonMobil from spurting into the lead again as the world's most profitable publicly traded energy company. Gazprom said Wednesday that it expects to rake in almost $40 billion in last year's profit, a big increase from 2010 but not enough to stop ExxonMobil from spurting into the lead again as the world's most profitable...