Tag: Russia

Russia, India sign deals on fighter jets, nuclear energy

NEW DELHI - Russia and India on Tuesday signed a pact worth up to 30 billion dollars on the development of a fifth-generation fighter aircraft and agreed to pursue a deal to build two Russian nuclear reactors.
The agreements surrounded talks in New Delhi between visiting Russian President Dmitry Medvedev and Indian Prime Minister Manmohan Singh, during which both sides set a target of doubling bilateral trade to 20 billion dollars by 2015.
President Medvedev arrived in India

Lack of banking facilities hampers trade with Russia

KARACHI: Lack of banking facilities in Russia is hampering Pakistan's trade with Moscow. The non-existence of banking channels between the two countries has increased the cost of doing business for exporters and importers alike, sources told Pakistan Today.
Due to a weak international banking system, trade in Russia was mostly done through DA and Cash. Besides poor banking facilities, the Pakistani government is yet to establish a warehousing facility in Moscow, which is needed

Russia crash landing kills Dagestan leader’s brother

MOSCOW: The brother of a Russian regional leader was one of two passengers killed in a crash landing at Moscow's Domodedovo airport on Saturday that also injured 82 people, the Investigations Committee said on Sunday.
The incident "lead to the death of two passengers, and 82 were hospitalised.
Among the dead...(is) Gadzhimurad Magomedov," a statement on the Investigations Committee website said.
Magomedov, 49, is the brother of the president of Russia's Republic of

Berlusconi in Russia amid revelations of US concern

MOSCOW: Silvio Berlusconi met Russian President Dmitry Medvedev on Friday as leaked US cables revealed growing anxiety in Washington about the Italian prime minister's ties to Moscow.
The disclosures forced both leaders to address poignant assessments of a relationship Washington believes has worked to the detriment of both the European Union and the United States. Medvedev said cables quoting sources who felt he played "Robin to (Prime Minister Vladimir) Putin's Batman" revealed

Russia, Qatar triumph at WC vote

ZURICH: Russia and the tiny Gulf state of Qatar were awarded the 2018 and 2022 World Cups Thursday after an acrimonious bidding war marred by allegations of corruption and illegal deal-making.
In a historic conclusion to two years of frenzied lobbying, world football supremo Sepp Blatter revealed the winners following a secret ballot of 22 FIFA executive committee members in Zurich.
The announcement means the World Cup will be staged in two countries which have never hosted

Russia forms world’s first nuclear fuel bank

MOSCOW: Russia announced on Wednesday that it had created the world's first international atomic fuel bank as part of a global effort to curb the spread of nuclear arms.
The Rosatom state atomic energy corporation said the Siberian fuel reserve - which will operate under the auspices of the United Nations' International Atomic Energy Agency (IAEA) nuclear watchdog - will have enough material to refuel two civilian nuclear power plants.
The Angarsk facility now stores 120

Russia puts brave face on damning US assessments

MOSCOW: Russia on Monday tried to play down the release of confidential US cables reportedly calling the country "a virtual mafia state" that is ruled by Prime Minister Vladimir Putin and not the president.
Russian officials scrambled for a diplomatic response after the WikiLeaks whistleblower website published eight cables dealing with Russia and released further material to Western newspapers and magazines.
Some of the most damaging material concerned characterisations of

Russia and NATO agree on armoured vehicles’ transfers, says Lavrov

MOSCOW: Russia will allow NATO to transfer armoured vehicles through its territory to Afghanistan under an expanded new cooperation agreement, Foreign Minister Sergei Lavrov said on Thursday.
"The simplified procedure has been expanded to include armoured vehicles with fortified anti-mine protection," Lavrov said at a joint press appearance with his Afghan counterpart Zalmay Rasul. "This is an important addition that participants of the international security-promotion forces

Pakistan and Russia sign MoU on energy cooperation

ISLAMABAD: Pakistan and the Russian Federation on Friday signed a memorandum of understanding (MoU) regarding cooperation in oil and gas exploration, construction of trans-national gas pipelines and technology transfer.
According to an official announcement, the MoU was signed by Minister for Petroleum Naveed Qamar and Russian Minister for Energy SI Shmatko in Moscow on Friday.
The MOU lays down mechanism and desire for the two countries to cooperate in oil and gas

Russia set to allow NATO armoured vehicles’ transit

BRUSSELS: Russia is expected to let NATO take armoured vehicles to Afghanistan through its territory under an expanded transit deal that would reduce reliance on more risky routes in Pakistan, NATO diplomats said on Wednesday.
Alliance leaders and Russian President Dmitry Medvedev are also expected at a NATO summit in Lisbon next week to complete a deal on the supply of Russian helicopters for the Afghan armed forces and to step up training in fighting drugs trafficking.

NATO head urges new start with Russia

MOSCOW: NATO and Russia need to embark on a new relationship, the head of the Western military alliance said on Wednesday on a trip to Moscow to lobby for Russian help in Afghanistan.
The visit by NATO Secretary General Anders Fogh Rasmussen will pave the way for a summit of the 28-nation alliance in Lisbon on Nov. 19-20. Russian President Dmitry Medevedev has accepted an invitation to attend the meeting, where NATO will work out a new strategic plan.
"The meeting in

Russia wants more nuclear power projects in Asia: FM

HANOI: Asian nations are keen on striking nuclear power deals with Russia, Foreign Minister Sergei Lavrov said Saturday, as world powers race to secure projects in the energy-hungry region.
"Our partners expressed particular interest in nuclear energy, noting Russia's vast experience in this sphere," Lavrov said in Hanoi, where President Dmitry Medvedev attended a regional summit. During Medvedev's visit to Vietnam, Russia will also sign a multi-billion-euro deal on Sunday to

Russia, Poland sign gas deal, eyes on EU stance

WARSAW: Poland and Russia signed a new natural gas deal on Friday, after the EU rejected a previous one, that increases Russian deliveries to Poland's gas company by some 2.5 billion cubic metres to 10 bcm a year until 2022.
Poland would be short of some 2.5 bcm of gas annually without the deal, which was clinched after more than a year of talks and must still be approved by the European Commission.
The European Union executive had forced Warsaw to renegotiate after saying

Ukraine ready to discuss gas project with Russia

Ukraine is ready to discuss with Russia a joint venture between their state-run energy companies to exploit Russian gas fields, but it still rules out a merger of the two companies, Ukraine's Prime Minister Mykola Azarov said on Monday.
A press spokesman quoted Prime Minister Azarov as making his comments ahead of a visit to Kiev by Russian Prime Minister Vladimir Putin when Ukraine is expected to call for Moscow to lower the price of Russian gas. Moscow has said it

Russia staging massive privatisation campaign

Russia is fine-tuning a plan to sell off $59 billion in assets, Prime Minister Vladimir Putin's spokesman said on Thursday after officials unveiled key details of the Kremlin's biggest privatisation drive in a over a decade.
Russia's leaders need money to plug a hole in the budget and boost growth ahead of the 2012 presidential election, in which former president Putin has hinted he may stand. Putin, still seen as Russia's paramount leader, chaired a closed meeting of

Russia seeks strong economic ties with Pakistan

ISLAMABAD: Pakistan and Russia have finally decided to enhance their economic and trade cooperation after a limbo of 25 years.
Board of Investment (BOI) Chairman, Saleem H. Mandviwala and Russian Ambassador, Budnik Andrey made this announcement at a joint news conference here on Wednesday.
The Russian Ambassador said Russia considered Pakistan as a key player for economic development in the region.
"We want to develop our economic cooperation with Pakistan" he said.

Schwarzenegger hails Russia on high-tech mission

MOSCOW: California governor, Arnold Schwarzenegger, on Monday led a high-powered delegation of tech executives to Russia, praising President Dmitry Medvedev as a visionary for moving to a high-tech future. The delegation includes figures like former Intel chairman Craig Barrett and leading executives from companies like Google, Microsoft and Oracle.
Schwarzenegger was taken by Medvedev to the site of one of his most ambitious projects, the creation Russian equivalent of Silicon