It's hard to find a spot in Russia without snow. "But Putin found such a spot and decided to hold the Winter Olympics there," says one Russian critic.» Read More
*China pressed for clarity on slowdown, financial sector. MOSCOW, July 17- The Group of 20 should brace for more market volatility even as an improving U.S. economy allows the Federal Reserve to scale back its monetary stimulus, Russia's summit coordinator Ksenia Yudayeva said on Wednesday.
*Gazprom buys pipe for line from Siberian fields to Asia- paper. CHITA, Russia, July 17- Russia has every chance of securing a place in the Asian gas market even while competition there is on the rise, President Vladimir Putin said, underlining Moscow's shift in energy policy towards Asia.
CHITA, Russia, July 17- Russia has every chance of securing a place in the gas market in Asia, President Vladimir Putin said on Wednesday, underlining Moscow's growing shift in energy policy towards Asia and China in particular. "We are thinking about entering the promising market in the Asia-Pacific region.
YUZHNO-SAKHALINSK, Russia, July 16- The Russian central bank's move to cut the cost of long-term funding for banks to spur lending should do more to shore up the slowing economy than cutting interest rates, the Economy Minister said on Tuesday.
*Russia says 17.8 bln T proven oil reserves as of Jan 2012. YUZHNO-SAKHALINSK, Russia, July 16- Top Russian oil producer Rosneft said it expected to confirm resources of around 14 billion tonnes of oil equivalent at new fields in Russia's eastern offshore zones, providing crude it could use to supply Asian markets.
Vladimir Putin said Monday that he saw signs that fugitive leaker Edward Snowden was shifting toward stopping "political activity" directed against the United States.
MOSCOW, July 12- Russia's central bank signalled policy easing ahead on Friday and introduced a new mechanism for long-term bank funding to try and boost lending, while keeping interest rates on hold for now.
MOSCOW, July 12- Russia's central bank kept key interest rates on hold on Friday and signalled policy easing ahead, warning in a statement of risks to economic growth while downplaying inflation concerns. Other central banks, such as the European Central Bank, have also moved to provide longer-term financing.
The court also sentences British investment fund head William Browder in absentia to nine years in prison in a case that will further undermine President Vladimir Putin's reputation in the West.
Venezuela is the "most likely" asylum choice for Edward Snowden, the journalist who published the contents of the self-declared leaker’s classified documents said Tuesday.
LONDON, July 10- European refineries are seeing their bills soar by billions of dollars a year as Russia shifts oil exports to Asia, driving up the values of Urals, one of their preferred crudes.
*Business amnesty was signed into effect on July 2. MOSCOW, July 9- Sergei Bobylyov once ran a successful chain of computer shops in Russia called Sunrise. His wife and daughters hope though that a six-month amnesty for jailed entrepreneurs, ordered by President Vladimir Putin and signed into law by parliament last week, will set him free.
The status of Edward Snowden's bid for asylum in Venezuela remained unclear Tuesday after the country's apparent deadline passed. NBC News reports.
More than 100,000 Russian businesspeople are now either in prison or have been subject to criminal proceedings, according to Boris Titov, Russia's official ombudsman for the defense of the rights of entrepreneurs.
*Alexander Popov, the head of Rosnedra, dismissed. MOSCOW, July 5- Russian Prime Minister Dmitry Medvedev on Friday sacked a senior resources official, believed to be a close ally of Igor Sechin, the boss of state oil firm Rosneft, in a move analysts said was a sign of growing confrontation between the two men.
U.S attempts to find Edward Snowden have ignited international tension as countries are forced to decide whether or not they are willing to harbor the alleged criminal.
The longer Russia can keep perpetuating the Snowden confusion, the better for them.
MOSCOW, July 2- Russian media magnate Alexander Lebedev was ordered on Tuesday to do 150 hours of community service, but avoided a jail sentence after being convicted of battery for punching a rival during a television talk show.
However, Rosneft's drive to boost the eastward route has been hampered by output decreases at TNK-BP, acquired in March for nearly $55 billion, which has been struggling to stem long-lasting production decline at old fields in West Siberia and other regions.
Putin said that Snowden, former national security staffer accused of espionage, would not receive political asylum in Russia unless he stopped publishing classified US documents.