Russia: Turkish Stream in line with Kiev transit deal

The Turkish Stream natural gas pipeline project is synchronized with expiration of Russia’s gas transit contract with Ukraine in December 2019, Energy Minister Alexander Novak reported. “Speaking of the Turkish Stream, the project’s implementation deadline is December 2019, which means that the infrastructure will be built until the end of 2019. It is in full…

Russia: Khrunichev Center concludes two Proton launch contracts as part of multi-launch deal with Eutelsat

International Launch Services (ILS) and Eutelsat have announced the signing of two launch contracts for the 2018-2020 period. ILS is a Khrunichev Space Center subsidiary, which provides Proton-based launch services for global international commercial satellite operators, and Eutelsat Communications is one of the world’s leading operators of satellite communications, headquartered in Paris, France. The first…

Russia: Fitch upgrades rating of Alrosa

International rating agency Fitch has upgraded the long-term issuer default rating of Russian uncut diamond mining giant Alrosa to BB+ from BB with a stable outlook and affirmed the company’s short-term issuer default rating at B, the agency said in a research note. “The upgrade reflects Fitch’s expectations that Alrosa will maintain funds from operations…