Politics Vladimir Putin

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  • Vekselberg is one of Russia's richest men. MUNICH/ MOSCOW, Feb 13- Billionaire Viktor Vekselberg said on Saturday he might buy stakes in some of Russia's miners when they come up for sale, the first oligarch to officially declare in interest in the country's new privatisation drive. Vekselberg, one of Russia's richest men with assets ranging from construction to...

  • *Vekselberg is one of Russia's richest men. MUNICH/ MOSCOW, Feb 13- Billionaire Viktor Vekselberg said on Saturday he might buy stakes in some of Russia's miners when they come up for sale, the first oligarch to officially declare in interest in the country's new privatisation drive. Vekselberg, one of Russia's richest men with assets ranging from construction to...

  • MOSCOW, Feb 12- Russia's biggest carmaker Avtovaz issued a plea for help to shareholders including Renault on Friday, after plunging demand at home drove it to a record loss and an audit revealed its frail finances. French carmaker Renault separately slashed the value of its stake in Avtovaz by 225 million euros to 96 million. Russia's car industry has been...

  • LONDON, Feb 12- Oil major LUKOIL has told the Russian government it wants to buy mid-sized rival Bashneft, with the state still studying whether to sell a controlling or minority stake in the firm to plug a budget deficit, sources told Reuters. It is Russia's second-largest oil producer and its biggest private oil firm, already producing as much oil as OPEC nations...

  • *Budget shortfall up to $30 bln if oil prices stay at $30. MOSCOW, Feb 10- Russia is running out of options to plug a yawning hole in its budget- and steps unthinkable before oil prices began to plunge 20 months ago are now being considered. It could face an additional shortfall of up to 2.5 trillion roubles this year if crude prices stay at around $30 per barrel, putting...

  • *Turkey, Russia exchange barbs over downed plane. MOSCOW, Feb 10- Turkish conglomerate Fiba Group has put up for sale a bank it owns in Russia, two banking sources told Reuters, a decision that may be due partly to a row between Moscow and Ankara over the shooting down of a Russian warplane. Moscow denied that, and President Vladimir Putin, accusing Ankara of stabbing...

  • UPDATE 1-Russia's Sechin floats idea of oil output cuts Wednesday, 10 Feb 2016 | 5:15 AM ET

    *Says oil price drop driven by OPEC decision. Oil prices have slumped more than 70 percent to near $30 a barrel over the past 18 months as supply exceeded demand by up to 2 million bpd after OPEC, seeking to drive higher-cost producers out of the market, decided not to cut production. Struggling oil-producing countries have urged OPEC leader Saudi Arabia in recent...

  • Moscow small businesses razed, sparking anger Wednesday, 10 Feb 2016 | 5:15 AM ET

    MOSCOW— Russian activists and political commentators are criticizing Moscow authorities over the late-night destruction of small businesses when a number of buildings were flattened around the city on orders from city mayor's office. The Moscow mayor's office said that 97 of these "unauthorized constructions" were demolished Monday.

  • Belarusian leader says Russia will offer bailout Monday, 8 Feb 2016 | 11:03 AM ET

    MINSK, Belarus— The leader of Belarus says Russia has promised to offer financial assistance to his nation. Russia has provided Belarus with cheap natural gas and released $900 million in loans to Belarus last year. Russia and its western neighbor have developed close economic and military ties, but Lukashenko has bristled at Moscow's attempts to gobble up...

  • King of Bahrain in Russia for talks with Putin Monday, 8 Feb 2016 | 10:37 AM ET

    SOCHI, Russia— President Vladimir Putin has hosted the ruler of Bahrain for talks focused on the Syrian crisis and economic cooperation. Putin hailed Bahrain as Russia's "important partner in the Gulf and the entire Middle East" at the start of the talks Monday in the Russian president's residence in the Black Sea resort of Sochi. Putin presented Bahraini King...

  • MOSCOW, Feb 5- Russian Economy Minister Alexei Ulyukayev said on Friday that a list of companies slated for privatisation in 2016 would be approved within days.

  • The couple took out a U.S. dollar mortgage in 2007 after moving to Moscow from the southern Russian republic of Dagestan and blames the government for not helping as the rouble has fallen to record lows. "My son is a champion of Moscow at martial arts and we've had to stop his training sessions," Kirill told Reuters at a recent protest by foreign-currency mortgage...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatization plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • *Could lead to joint venture to restore flights with Russia. CAIRO, Feb 2- An Egyptian airline plans to buy up to 10 Russian-made jets in a deal with Sukhoi Civil Aircraft that could also see the creation of a tour agency to restore flights between the two countries that were suspended after a plane crash last year. An Egyptian source said the deal included the...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatisation plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • NIZHNEVARTOVSK/ MOSCOW, Feb 2- Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet high in January, suggesting the world's top producer was locked in a fierce struggle for market share. Russia has in the last week sent mixed signals about possible cooperation with...

  • A new global oil deal could draw lessons from 1998 Tuesday, 2 Feb 2016 | 1:00 AM ET

    *OPEC rifts and pact with Russia under scrutiny. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. Some see OPEC rifts as insurmountable and Russia as a wild card that...

  • MOSCOW, Feb 1- The Russian state should retain control of strategic companies when privatising stakes in those firms, President Vladimir Putin said on Monday, stressing the sell-offs must be as transparent as possible and must not take place at give-away prices. Addressing a meeting with the heads of some of Russia's largest state-controlled enterprises,...

  • *Ministry calls for new tax to bolster budget. MOSCOW, Jan 29- Russian oil firms would have to pay more tax on some of their fields under reforms being prepared by the finance ministry, which is seeking to get more revenue into the budget, according to three officials and a draft of the plans seen by Reuters. According to Vygon Consulting, a total of 198 fields, including...

  • MOSCOW, Jan 29- Russia's central bank said on Friday that rate hikes were not off the table if inflation risks grew, toughening its rhetoric after a relentless oil price slump that has sent the rouble crashing to record lows. "Should inflation risks amplify, the Bank of Russia cannot rule out a tightening of its monetary policy," the bank said in a statement.