Support The Moscow Times!

Trutnev Talks New Licenses

Russia is preparing to auction "quite a lot" of licenses to oil and gas deposits this year and will soon offer rights to the East Siberian Lodochnoye field, Natural Resources Minister Yury Trutnev said Tuesday.

The government should ease laws limiting access to offshore deposits only to Rosneft and Gazprom, which aren't moving fast enough, Trutnev added. All vertically integrated Russian companies should have the right to work on the continental shelf, he said.

The state may sell the rights to develop the largest untapped gold deposit,

Sukhoi Log in Siberia, at auction next year, Trutnev also said.


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.

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.