Rusia Auction Delayed

By The Moscow Times

Feb. 8, 2011

IRKUTSK — The auction for the assets of bankrupt Rusia Petroleum, which holds the license to the Kovykta gas condensate field in the Irkutsk region, has been pushed back from Feb. 15 to March 1, said a statement issued by company receiver Oleg Smetanin.

The deadline for submitting bid applications and paying the deposit has been moved from Feb. 10 to 24. Smetanin said previously that the overall starting price would be 15.1 billion rubles (about $500 million), with a deposit of 20 percent.

(Interfax)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue