Support The Moscow Times!
Contribute today

Rosneft Eyes EU Approval

By The Moscow Times

BRUSSELS — Rosneft is expected to win unconditional European Union regulatory approval for its TNK-BP takeover bid, a source familiar with the matter said  Tuesday, taking it closer to completing the $55 billion deal.

State-owned Rosneft is buying TNK-BP from private Russian group AAR and British oil company BP in two separate deals, one of the biggest takeovers in the sector that will put it ahead of current world No. 1 ExxonMobil.

"The European Commission is expected to clear this unconditionally as there are no competition issues and no major overlaps," the source said.

The European Commission's spokesman for competition policy, Antoine Colombani, said the investigation into the takeover was ongoing. The EU competition authority has set a March 8 deadline for its decision.

(Reuters)

… 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

Read more

high-profile case

Russia Detains Deputy Defense Minister Over Corruption Suspicions

Timur Ivanov has overseen the construction of Patriot Park and the Armed Forces cathedral outside Moscow as well as the reconstruction of Mariupol.
2 Min read
'duties to the homeland'

Ukraine Pushes Military-Aged Men To Return Home

The move would likely oblige Ukrainian men to return from abroad to undergo administrative procedures that were previously available abroad.
2 Min read
threatened strikes

Russia Vows to Attack Western Weapons in Ukraine

“We shall increase the intensity of strikes against logistics centers and storage facilities of the Western armament,” Defense Minister Sergei Shoigu...
1 Min read
prolonged detention

Russia Rejects U.S. Journalist Gershkovich’s Detention Appeal

Gershkovich, 32, a reporter for The Wall Street Journal, has been in Moscow's notorious Lefortovo prison for more than a year after he was arrested while...
2 Min read