U.S. Commerce Chief Ross Reportedly Divests Shipping Interests
According to a Reuters report, U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said earlier this week. Ross had originally intended to retain his shipping interests following his confirmation in February. But the 79-year-old investor came under criticism after disclosures on Sunday that one of Navigator's major clients is the Russian gas company Sibur…
Rosneft, NIOC Ink Cooperation Deal
Russian oil producer Rosneft and the National Iranian Oil Company (NIOC) have agreed an outline deal to work together on a number of “strategic” projects in Iran together worth up to $30 billion, Reuters reported quoting Rosneft’s head Igor Sechin as saying. The potential collaboration with Iran would further strengthen Rosneft’s position in the Middle East, the company having already secured a number of deals in the region, including the acquisition of a majority stake in Iraqi Kurdistan’s main oil pipeline.
Ukraine Has No Right For Gas Price Discount - Putin
Russian President Vladimir Putin on Saturday said that Ukraine had no right to demand cuts in the price it pays for natural gas supplies from Russia and said the price dispute should not be solved through dialogue and ultimatums . "We are ready for a constructive dialogue, but it should not be carried out though baseless demands and ultimatums, but rather on the basis of civilised market cooperation," Putin told a group of foreign journalists on the sidelines of the St Petersburg International Economic Forum .
Putin Says Eyes Trade Boost with Iran
Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran. Putin, speaking at joint briefing with Iranian President Hassan Rouhani, also said there are plans to create a free trade zone between the Moscow-led economic union of former Soviet Union countries and Iran, as well as increased use of national currencies in trade with Tehran. (Reporting by Denis Pinchuk; writing by Vladimir Soldatkin; Editing by Dominic Evans)
Rosneft & Cupet to Cooperate at Brownfields, Cuba
On July 11, Head of Rosneft Igor Sechin and General Director of Union CubaPetroleo (CUPET) Juan Torres Naranjo signed in Havana the Agreement on Cooperation in the Area of Enhanced Oil Recovery at Brownfields. The Agreement was signed in the presence of the Russian President Vladimir Putin and the President of the State Council of Cuba Raul Castro. The document provides for the joint activities concerning comprehensive studies of field development and well production conditions in the territory of Cuba.
Putin Puts Northern Fleet on Full Combat Alert
Russian President Vladimir Putin put the nation’s northern fleet on full alert in the Arctic Ocean this week, as the U.S. and several Eastern European NATO countries conduct a series of military exercises near Russia's border. According to the ministry, the operational zone of Russian warships during the exercises will be expanded to several areas of the Norwegian Sea. The order issued on Monday allows for the mobilization of 38,000 military personnel, 3,360 pieces of equipment, 41 ships, 15 submarines and 110 airplanes, according to Russian Defense Minister Sergei Shoigu.
Putin says Russia cannot be isolated
President Vladimir Putin said on Saturday that it is not possible to isolate a country such as Russia and Western sanctions imposed on Moscow over its involvement in Ukraine disrupt the world economy. Speaking to a group of Western journalists on the sidelines of the St Petersburg International Economic Forum, Putin said that sanctions are counterproductive for all sides involved. "They lead the Russian, European, global economy to turbulence that no one is interested in," Putin said. (Reporting by Paul Ingrassia and Alexei Anishckuk; Writing by Lidia Kelly, editing by Jason Bush)
Putin Calls for Shipbuilding Plan
President Vladimir Putin asked for a government plan by October to enable the nation's shipbuilders to compete with countries including South Korea, the world's biggest shipbuilder. Russia "must find niches where it will be most competitive," Putin reportedly told a government meeting in Moscow August 1, according to The Moscow Times. Building ships, rigs and naval vessels offers "serious niches" for Russia, he said. (Source: The Moscow Times)
Putin Calls for Protection of Shipbuilding
According to a May 12 report from the Barents Observer, Prime Minister Vladimir Putin said it is unacceptable that ships are built abroad if Russian yards can do the same job. However, Head of the Russian Fishery Agency, Andrey Krainy, said that Russian shipyards are not competitive, not on deadlines, nor on price. Putin called for a global modernization of the industry in Russia. (Source: Barents Observer)
Yamal LNG Project on Track, Says Russia's Sberbank
Russia's Yamal LNG liquefied natural gas project is on track and will be profitable even with low oil and gas prices, Sberbank Chief Executive German Gref said on Tuesday. "This is the most expensive project, (it) will completely change the gas economy of the country," he told President Vladimir Putin. (Reporting by Denis Dyomkin; writing by Vladimir Soldatkin)
Putin to Sign Russian Shipbuilding Accord
Russia's President Vladimir Putin will reportedly sign a decree to set up a United Shipbuilding Corporation, which will be headed by Alexander Burutin, presidential aide for the defense sector, according to a report on http://en.rian.ru. The United Shipbuilding Corporation is a government-sponsored project to combine all state financial assets in the shipbuilding sector.
Putin Vows to Sign Ordinance on United Shipbuilding Corp.
President Vladimir Putin has said that he will sign a decree on the establishment of the United Shipbuilding Corporation on Wednesday. First Deputy Prime Minister Sergei Ivanov said at a Monday meeting of the Cabinet that the entire government and specific ministries had approved the document but it still needed approval by the prime minister. Source: Interfax
Three Shipbuilding Holdings to be Established in Russia
At least three shipbuilding holdings will be established in Russia, Deputy Prime Minister, Defense Minister Sergei Ivanov. He said at President Vladimir Putin’s meeting with the government on Monday that he was ready to submit concrete proposals on Wednesday. He also said that he would meet Industry and Energy Minister Viktor Khristenko over this matter on Tuesday. Source: ITAR
Putin Visits Shipbuilder, Looks at Nuclear Sub
According to a report from Murmansk & Shtokman News, on Dec. 13, Prime Minister Vladimir Putin visited the Sevmash shipbuilding company and took a look at the nuclear submarine Alexander Nevsky during his working trip to Severodvinsk. (Source: Murmansk & Shtokman News)
Russia Will Need 512 New Offshore Vessels Says President Putin
Development of offshore fields in the Arctic with the active use of the Northern Sea Route in Russia would require 512 new vessels by 2030, with a total cost of 6.5 trillion rubles, report Arctic-Info, citing an announcement by Russian President Vladimir Putin. The largest Russian companies Rosneft, Gazprom and Sovcomflot are forming a solid long-term portfolio and the President opined that the Russian shipbuilding has traditionally had a stable position in the ice-class and sea-river class segment…
Russia, South Korea, Discuss Northern Sea Route Cooperation
At a meeting with Russian President Vladimir Putin, the President of the Republic of Korea in Seoul, Park Geun-Hye discussed mutual cooperation in the development of the Arctic, reports 'Arctic-Info'. In a joint statement the leaders pointed out that as the Republic of Korea has official observer in the Arctic Council, the parties agreed on mutual cooperation in the development of the Arctic, its study, environmental protection, use of the Northern Sea Route, as well as on the strengthening of cooperation in the new field of construction and operation of icebreakers and ice-class vessels.
Western Gas Route To China May Be Implemented Faster
Russia 's President Vladimir Putin on Saturday that the Western Said route to supply Gas to China May be Implemented Faster than the eastern route if China is Supportive. Moscow and Beijing have clinched a $ 400 billion Gas Deal this week after years-Long Talks, which will Help Russia to Diversify Gas Supplies away from Europe , its main export Market. (Reporting by Katya Golubkova, editing by Jason Bush)
Greenpeace Leader Suggests Meeting PM in Moscow
Greenpeace International executive director Kumi Naidoo has written to President Vladimir Putin offering to travel to Moscow as early as possible to meet with the Russian President, in an effort to end the continued incarceration of 28 peaceful activists and two freelance journalists. In the letter, delivered today to the Russian embassy in The Hague, Naidoo offers to move his life to Russia and act as a guarantor for the good conduct of the activists if they are released on bail. President Putin had suggested he was open to dialogue with Greenpeace when he spoke at the recent International Arctic Forum conference in the Russian city of Salekhard. Kumi Naidoo's letter has been sent in response to Mr. Putin's reported remarks.
Putin Pushes Russian Shipbuilding Reform
Vladimir Putin reportedly has lamented the state of Russian shipbuilding, criticizing the pace of efforts to overhaul the industry, according to a recent AP report. Putin, making his first working trip as premier to his hometown of St. Petersburg, used a visit to the federally owned Admiralty Shipyard in the port city to focus on one of the major industries his government has made a priority of revamping. Earlier this week, Putin reportedly named Igor Sechin, as chairman of the state shipbuilding corporation . Too many contracts for building ships, offshore drilling platforms and other maritime-related manufacturing were going to foreign companies, Putin reportedly said. He said just a small fraction of major shipbuilding contracts were going to Russian builders. (Source: AP)
Russian Navy Development in Arctic, Far East, Authorized
Russian President Vladimir Putin ordered the government to ensure the development of the Navy, first of all, in the Far East and Arctic zones, the Kremlin press service reported. He also ordered providing the Armed Forces with modern weaponry systems, increasing their share to 70 percent by 2020. Putin, who was sworn in as Russian president recently, also instructed the government to draft proposals on creating federal executive agencies, which will be responsible for the placement and implementation of state defense orders. The Defense Ministry’s federal service for the defense order and federal agency for defense supplies are currently handling these issues.
Putin Urges Naval Shipbuilders to Expedite Deliveries
The United Shipbuilding Corporation (USC), is under criticism from Russian President Vladimir Putin for delays in delivery of several warships for the Russian Navy, RIA Novosti reported. In his complaint to USC officials, Putin cited problems with efficiency and quality on a number of projects, particularly regarding the assembly and delivery of nuclear submarines and surface ships. Putin ordered the Russian shipbuilders quicken construction without sacrificing production quality, demanding a report highlighting measures of improvement be submitted by October 15. RIA Novosti reported that after the meeting, Russian Industry and Trade Minister Denis Manturov said that the USC had fallen behind schedule on approximately 30 percent of its contracts with the Defense Ministry…
Putin Says Many European Leaders Want to End Sanctions Standoff
Russian President Vladimir Putin on Thursday said he believed many European leaders were eager to end the standoff over sanctions with Russia. "I think that many in Europe including the politicians, my colleagues, ... (want) to get out as soon as possible of a situation, which is damaging our cooperation," Putin said during a visit to the Crimea peninsula, which Russia annexed from Ukraine earlier this year. He added that he had recently spoken to his French counterpart Francois Hollande and felt this also reflected the French president's mood.
Russia's Giant Warship Headed for Syria for Anti-ISIL Operations
Russian president Vladimir Putin is sending his country’s largest warship to Syria in an attempt to finally destroy the death cult ISIS, reports Daily Star. The Admiral Kuznetsov aircraft carrier has been dispatched to Syria carrying 30 jet fighters and attack helicopters. Putin made the decision to dispatch the warship soon after the latest ISIS attacks in Bangladesh and Iraq. The 55,000 tonne ship will be deployed in the region from October until January, a military source informed TASS. The Admiral Kuznetsov will be packed with warplanes and attack choppers.