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Vladimir Putin News

12 Feb 2024

US Spending $7 Million a Year to Maintain Yacht Seized from Russian Oligarch

Amadea (File photo: Sukkoria / CC BY-SA 4.0 DEED)

The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the vessel before a dispute over its ownership is resolved.Authorities in Fiji seized the 348-foot (106-meter), $300 million Amadea in May 2022, pursuant to a U.S. warrant alleging it was owned by Suleiman Kerimov, a multibillionaire sanctioned by the U.S. Treasury Department in 2014 and 2018 in response to Russia's activities in Syria and Ukraine.Efforts to auction the yacht are being challenged by Eduard Khudainatov…

04 Feb 2024

New Mechanism Planned for Ukraine Black Sea Grain Exports

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Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday.Putin is expected to visit Turkey on Feb. 12 to meet Erdogan, a Turkish official previously said, in what will be the Russian leader's first trip to a NATO ally since Moscow's invasion of Ukraine in February 2022.There are efforts to find "new methods" to transport Ukrainian grain to the world markets…

26 Dec 2023

Ukraine Strikes Russian Naval Landing Warship

(Photo: George Chernilevsky, CC BY-SA 4.0)

Ukraine struck a large Russian landing warship in Crimea with cruise missiles in an overnight attack that killed at least one person and could hinder any Russian attempt to seize more Ukrainian territory along the Black Sea coast.The Russian defence ministry, cited by the Interfax news agency, said Ukraine had used air-launched missiles to attack the Crimean port of Feodosia and that the Novocherkassk large landing ship had been damaged.Russian Defence Minister Sergei Shoigu had briefed President Vladimir Putin in detail about the attack, the Kremlin said.

07 Dec 2023

Russia Pledges More Oil Data to Ship Trackers

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Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation in the group's agreement to curb supplies. Market analysts have struggled to verify…

14 Nov 2023

Kremlin, on US Probe into Oil Sanctions, Says Russia Acting in Own Interests

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The Kremlin said on Tuesday that Russia was acting in its own interests when asked about a probe by the United States into alleged violations of Western oil sanctions on Moscow.Kremlin spokesman Dmitry Peskov also told a daily conference call with reporters that President Vladimir Putin would hold a meeting on the fuel and energy complex later on Tuesday.The U.S.

08 Nov 2023

US Working with Allies Over Sanctions on Russian Arctic LNG Project

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The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine. The Office of Foreign Assets Control, part of the Treasury Department, also issued a general license that authorizes the wind down of transactions involving Arctic LNG-2, through Jan.

08 Nov 2023

Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom

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President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov, who was convicted last year on organized crime and embezzlement charges and is serving a 19-year jail sentence following one of the highest-profile prosecutions of a Russian tycoon in years.Magamedov says the charges are unfounded and is appealing his conviction.

07 Nov 2023

Russian Firm Says Baltic Telecoms Cable was Severed as Chinese Ship Passed Over

Chinese ship NewNew Polar Bear (previously known as Baltic Fulmar) in 2020. (Photo: Alf van Beem)

A Russian fiber optic cable under the Baltic Sea was completely severed last month when a Chinese container ship passed over it, state company Rostelecom said on Tuesday.Finnish investigators have already said they suspect the vessel, the NewNew Polar Bear, of causing serious damage to the nearby Balticconnector gas pipeline by dragging its anchor over the sea bed during the same voyage.Two other Baltic telecoms cables were damaged on the same night of Oct. 7 along the route that the ship was travelling…

26 Oct 2023

Europe's Offshore Wind Power Goal Hits New Snag: Security

Nysted wind farm - Credit: Plenz - Own work - CC BY 3.0 DEED via Wikimedia Commons

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.Rising above the Baltic Sea less than 10 km (6 miles) off the coast of Denmark, 161 wind turbines spin slowly. They supply around 4% of the country's power, sent to shore through two cable connections.The turbines have no barriers or surveillance."Our technicians are only here until five o'clock in the afternoon, then they go home…

26 Oct 2023

Ukraine Suspends New Black Sea Grain Corridor Due to Threat from Russian Warplanes

Credit: glebzter/AdobeStock

Ukraine has suspended the use of its new Black Sea grain corridor due to what it sees as a threat from Russian warplanes, the Kyiv-based Barva Invest consultancy said on Thursday."We would like to inform you of a temporary suspension of vessel traffic to and from (the ports). The current ban is in force on October 26, but it is possible that it will be extended," the consultancy said on the Telegram messaging app.Ukrainian officials were not immediately available for comment.The consultancy said a de facto suspension had already been in place for two days at the behest of the military…

24 Oct 2023

Russia Strikes Deal with DP World to Develop Arctic Sea Route

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Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai's DP World to develop container shipping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin.The deal with one of the world's top port operators is the most tangible sign yet of Moscow's ability to attract big international partners to help it realise its ambitious plans for what it calls the Northern Sea Route.Putin has talked up prospects for the Arctic corridor…

02 Oct 2023

Biden Angers All Sides with Scaled Back Offshore Oil Drilling Plan

Credit: Lukasz Z/AdobeStock

The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden's White House has had in dealing with U.S. oil extraction policies, as it seeks to balance national energy security with the need to cut greenhouse gas emissions to fight climate change.

27 Sep 2023

Jailed Russian Tycoon Launches $14B Lawsuit in UK Over Port Holdings

Credit:Maxim Tupikov/AdobeStock

Russian tycoon Ziyavudin Magomedov, jailed at home in Russia, has launched a London lawsuit seeking nearly $14 billion over his holdings in valuable port operators, which he says were seized as part of a state-backed conspiracy.The businessman filed the lawsuit at London's High Court on July 20 against several defendants, including Russian state nuclear energy company Rosatom, oil pipeline operator Transneft, private equity firm TPG, and UAE-based port operator DP World.Magomedov…

06 Sep 2023

Russia In Talks with China, India to Develop More Ice-class Vessels

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Russia must boost production facilities for the construction of ice-breaking vessels in order to meet its targets for increasing trade via the Northern Sea route, Moscow's official in charge of Arctic development has said.The government has been in talks with India and China on such projects, Alexei Chekunkov, the head of Russia's Ministry for the Development of the Russian Far East and Arctic, told RBC media.Russia has long viewed the route, which runs from Murmansk near Russia's border with Norway eastwards to the Bering Strait near Alaska…

21 Aug 2023

Russia Ships Naphtha to China via North Sea Route

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Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37,000 tonnes of naphtha onboard, loaded at Ust-Luga port on August 5, 2023, for delivery to China. It is the first such loading since at least the late 2000s, according to two traders.The supplier of the cargo was Gazprom Neft, the traders said.

15 Aug 2023

Russia to Equip New Nuclear Submarines with Hypersonic Missiles

(File photo: Ministry of Defense of the Russian Federation)

Russia is in the process of equipping its new nuclear submarines with hypersonic Zircon missiles, the head of Russia's largest shipbuilder told the RIA state news agency in an interview published on Monday."Multi-purpose nuclear submarines of the Yasen-M project will ...

14 Aug 2023

Ships Backed Up in Black Sea Lanes as Russia Warning Shots Raise Tensions

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Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel.Russia said its Vasily Bykov patrol ship on Sunday fired on the Palau-flagged Sukru Okan vessel after the ship's captain failed to respond to a request to halt for an inspection. After an inspection, the vessel continued its journey towards the Ukrainian port of Izmail along the Danube river…

25 Jul 2023

Britain Warns Russia May Start Attacking Civilian Ships

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Britain has information indicating the Russian military may move beyond attacks on Ukrainian grain facilities to target civilian shipping in the Black Sea, Britain's U.N. Ambassador Barbara Woodward said on Tuesday.British Prime Minister Rishi Sunak shared the information with Ukraine's President Volodymyr Zelenskiy during a phone call on Tuesday, Woodward said.Britain's information also indicates that Russia has laid additional sea mines in the approaches to Ukrainian ports, she said."We agree with the U.S.

13 Jul 2023

UN Asks Putin to Extend Black Sea Grain Deal in Return for SWIFT Access

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U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia's agricultural bank to the SWIFT international payment system, sources told Reuters.Russia has threatened to ditch the grain deal, which expires on Monday, because several demands to dispatch its own grain and fertilizer abroad have not been met. The last two ships…

14 Jul 2023

UN Scrambles to Save Black Sea Grain Deal Ahead of Monday Deadline

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The European Commission is helping the United Nations and Turkey try to extend a deal allowing the Black Sea export of Ukraine grain and is open to "explore all solutions," a European Union spokesperson said on Thursday, ahead of the deal's possible expiration on Monday.The U.N. and Turkey brokered the Black Sea Grain Initiative with Russia and Ukraine in July 2022 to help alleviate a global food crisis worsened by Moscow's invasion and blockade of Ukrainian ports. Ukraine and…

17 Jul 2023

Last Ship Leaves Ukraine Port Under Black Sea Grain Deal

The last ship to travel under a U.N.-brokered deal that allows the safe Black Sea export of Ukrainian grain left the port of Odesa early on Sunday ahead of a deadline to extend the agreement, according to a Reuters witness and MarineTraffic.com.Russia has not agreed to register any new ships since June 27 and the initiative will expire on Monday unless Moscow agrees to extend it.A United Nations spokesman said on Friday that Secretary-General Antonio Guterres was waiting for a response from Russian President Vladimir Putin on a proposal to extend the deal.Putin told South African President Cyril Ramaphosa in a phone call on Saturday that commitments to remove obstacles to Russian food and fertiliser exports had yet to be fulfilled…

10 Aug 2023

Putin Says State-owned VTB Bank to Manage Russia's Main Shipbuilder

A ship under construction at a United Shipbuilding Corporation yard / Credit: United Shipbuilding Corporation (file photo)

Russian President Vladimir Putin on Thursday asked the state-owned VTB bank to manage the state's 100% stake in United Shipbuilding Corporation (USC), Russia's largest shipbuilder, to solve financial problems at the firm.Putin's decision effectively transfers control of Russia's premier shipbuilding assets to Moscow-based VTB, which has been run by Andrei Kostin, one of Russia's most influential bankers, for the past 21 years.USC builds civilian vessels as well as nuclear submarines, aircraft carriers and other warships.

08 Aug 2023

After Attacking Ukraine Wheat Exports, Russia Faces Own Shipping Challenge

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Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.President Vladimir Putin promised to replace Ukrainian grain with Russian shipments to Africa after Moscow in July ended an arrangement that gave Ukraine's food cargo safe passage in the Black Sea, imposing a de-facto blockade on its neighbour and attacking storage facilities…