Russia’s new anti-aircraft missiles defense systems Tor-M2U have arrived at a tank formation of the Eastern Military District, stationed in Buryatia republic, Siberia, the district press service reported. “The air defense missile systems have arrived in the republic after successful live-fire exercises at the Kapustin Yar range in the Astrakhan region”, the press service said.…
Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, chief executive officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…
Kyrgyzstan is again considering the issue of electricity supply from Tajikistan in summer, the department of information support of the government reported. The deputy prime minister Oleg Pankratov held a meeting on preparations for the autumn-winter of 2016/2017 and discussed the accumulation of water in the Toktogul reservoir. He instructed the National Energy holding of…
Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…
Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…
Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…
The total claims of Russia’s Gazprom against the national joint-stock company Naftogaz Ukrainy for the take-or-pay condition outlined in the 2009 contracts and challenged in court could reach $60 billion by 2020, Naftogaz Ukrainy commercial director Yuriy Vitrenko has said. He said Gazprom’s claims had so far amounted to $29.2 billion, and, taking into account…