Finance Minister Alexei Kudrin said Tuesday that Belarus appeared to have accepted the terms of a $3 billion loan offered by a Russia-led group of former Soviet republics to save the teetering Belarussian economy from a disastrous collapse.

• May 18, 2011

Abundance of Natural Gas, Favorable Gas Pricing Help Drive Demand for Gas Turbines --Power Producers Seeking Flexible, Efficient Methods to Meet Electricity Demand --GE Gas Turbines Surpass 300 Million Hours of Operation GE (NYSE: GE) today announced it will supply two advanced technology aeroderivative gas turbines that will help to power the 2014 Winter Olympic Games in Sochi, Russia. The latest in a series of gas turbine orders received by GE in recent months, the project underscores a strong global demand for flexible, cost-effective and efficient electricity generation.

• May 18, 2011

ISSUE #17
05/16/2011
The celebration of the victory in the 1941-45 Great Patriotic War in Lviv turned into disturbances and clashes. On 9 May 2011, in Lviv representatives of nationalist groups clashed with individuals who were celebrating Victory Day – members of the Communist Party of Ukraine (CPU), the pro-Russian Motherland and Russian Unity parties and veterans. In particular, members of nationalist parties attempted to prevent veterans and civilians from laying flowers at the tomb of soldiers who died in the war. For their part, the supporters of the Motherland and Russian Unity parties unfolded a 30-meter Soviet red flag, which they handed over to local veterans. Nearly 20 people were injured as a result of the clashes. A member of the Freedom nationwide organization was even shot in the leg. READ MORE

• May 18, 2011

Ukraine will cut the volume of natural gas purchase from Russia in the second half of this year, Ukrainian Prime Minister Mykola Azarov has said.

• May 14, 2011

Russia and Pakistan have agreed to give top priority to their joint fight against terrorism and drug trafficking and to expand economic ties between the two countries.

• May 13, 2011

Approaches of the European Parliament to Belarus are unacceptable and contrary to the principles of good neighborliness, which destabilizes situation in the country, Belarusian Foreign Ministry official said

• May 13, 2011

Russia is attempting to suppress a United Nations report that says Iran has been breaking a U.N. arms embargo by shipping weapons to Syria, Western diplomats said Thursday.

• May 13, 2011

Things couldn't have been better for Russia's energy giant Gazprom even before news came in over the weekend that curtains could be coming down on one of the keenest battles of the Caspian great game, and Moscow is on a winning streak.

• May 12, 2011