Politics Vladimir Putin

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  • 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...

  • Crude oil refining in Russia

    The head of Rosneft floated the idea of an output cut by oil-producing countries to prop up sagging prices but fell short of saying whether Moscow take part.

  • *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...

  • *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, 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...

  • Ukraine warns of potential war with Russia

    Ukrainian President Petro Poroshenko says the risk of open war with Russia is now more serious than last year.

  • Ukraine's President Petro Poroshenko attends a ceremony at the training center of the Ukrainian National Guard outside Kiev.

    Hopes that Ukraine can get back on track were hit on Wednesday, when the country's president warned that the probability of war with Russia had risen and its economy minister resigned.

  • *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...

  • *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.

  • NEW YORK, Jan 28- Oil market analysts on Thursday largely dismissed the possibility of coordinated production cuts by OPEC and Russia, saying the market's early positive reaction was based on false hope. "Our read on this event is that it is merely an extension of the Russian position that they would consider working with OPEC to coordinate production cuts-...

  • ST PETERSBURG, Russia/ DUBAI, Jan 28- Russia said on Thursday that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices. It remained unclear whether Russian Energy Minister Alexander Novak was referring to a months old proposal by OPEC members...