Ukrainian tycoon Konstantin Zhevago, an MP with imprisoned former PM Yulia Tymoshenko’s party, reportedly needs the ČKD foundry and engineering works in Kutná Hora to save his rolling stock business and is offering Kč 485 million for the bankrupt firm. However, the Russian rolling stock manufacturer Rail Group has put forward an offer of Kč 691 million and a promise to invest Kč 1.8 billion in it.

• January 16, 2012

Ukraine plans to start compensating for reductions in the import of increasingly expensive Russian natural gas by buying the commodity this summer on the spot market, Ukrainian Energy and Coal Industry Minister Yuriy Boiko told reporters in Kyiv

• January 14, 2012

Iran’s biggest oil customers from across Asia are flocking to alternative Middle East suppliers this month under renewed US pressure to stop buying Iranian crude and unprecedented tension over Tehran’s nuclear programme.

• January 14, 2012

Downplaying recent irritants in bilateral ties, India Monday sought closer collaboration with China to combat the global economic slowdown and to work jointly on international issues ranging from terrorism to climate change to shape a new world order.

• January 9, 2012

India may face problems in making payments for crude oil it buys from because of recent moves by the US to curb Tehran's nuclear programme, a top government official said on Friday.

• January 7, 2012

Uzbekistan and Tajikistan signed a contract to supply natural gas to Tajikistan in 2012 on Thursday, a source in Uzbek government told Trend.

• January 6, 2012

A new law in Belarus will restrict access to foreign websites and force internet clubs and cafes to report users visiting sites registered abroad.

• January 4, 2012

Differences between the US and Russia over the follow-up to the Strategic Arms Reduction Treaty that expires on December 5 are greater than previously disclosed, Russia media reported Thursday.

• January 4, 2012