Support The Moscow Times!

Rosneft-World Bank Deal

Rosneft gained approval for a gas utilization project with the World Bank at the Komsomolskoye field, under the Joint Implementation mechanism of the Kyoto Protocol.

Rosneft plans to spend 7 billion rubles ($230 million) on the project and may sell 4 million metric tons of credits to a World Bank carbon fund by 2012 under an agreement they signed in 2008, the company said.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.