Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

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

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.