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Ukraine’s Naftogaz strikes again at Gazprom
Naftogaz of Ukraine has managed to have the accounts of GazAsia Capital S.A., the company that placed Gazprom’s yen-denominated eurobonds, frozen, Interfax reports, citing a memorandum on the Russian company’s new eurobond placements.
GazAsia Capital S.A. is an SPV company, created for a specific purpose. Through it, Gazprom placed 10-year bonds for 65 billion yen (approximately $595 million) in December last year. Now, GazAsia does not have the right to make payments to Gazprom, Lenta.ru …
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Kremlin admits: Billions stolen in construction of Vostochny Cosmodrome
More than 10% of the funds allocated to the construction of the Vostochny Cosmodrome were stolen, said Kremlin Spokesperson Dmitry Peskov on Monday, November 11. “A total of 11 billion rubles (around $172 million) was stolen, 3.5 billion rubles ($55 million) has been recovered,” Peskov said, noting that, overall, the equivalent of $1.4 billion was allocated to the construction of the spaceport.
Putin’s press secretary noted that, at first, 128 court cases were initiated, although these were …
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Russia’s Gazprom sues EU for loss of Nord Stream 2 capacity
Nord Stream 2 AG, the Swiss subsidiary of the Russian company Gazprom, has taken the EU government to court regarding the gas legislation amendments that prohibit the Russian company from using more than 50% of the capacity of the Nord Stream 2 gas pipeline.
As reported by Interfax, Gazprom informed potential investors about the start of the litigation through a memorandum on the placement of Swiss franc-denominated eurobonds that is scheduled to take place in mid November.
Gazprom believes …
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Russia denies its involvement in death of White Helmets founder
The Russian Foreign Ministry stated in a post on its Facebook page that allegations of British media about Russia's involvement in the death of one of the White Helmets organization founders, James Le Mesurier, are groundless.
On November 11, The Independent published an article stating that "James Le Mesurier, British co-founder of the White Helmets, has been found dead, just days after the Russian Foreign Ministry menaced him, accusing him of being a spy."
"His death comes just three days …
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Iran and Russia start work on second nuclear reactor in Bushehr
On Sunday, November 10, Tehran launched the construction of a second reactor for the nuclear power plant in Bushehr in south-western Iran, said Ali Akbar Salehi, head of the Atomic Energy Organization of Iran.
The Islamic republic says that the project is one of the reasons it needs more enriched uranium than is allowed by the nuclear deal it made with the world powers.
“It was not us who started breaking commitments,” remarked Salehi, blaming the United States for failing to accept the …