Ukraine and Russia will continue to search for a mutually acceptable solution for the establishment of a consortium to manage the Ukrainian gas transportation system (GTS), Ukraine’s Ambassador to Russia Volodymyr Yelchenko has said.

• March 27, 2013

The five BRICS emerging-market nations will need more time to set up a new development bank as they work out details on funding and operations, Russia’s finance minister said.

• March 27, 2013

President Vladimir Putin is expected to discuss ways to broaden bilateral ties and cooperation in the nuclear energy sector with South African President Jacob Zuma during his visit to Durban.

• March 26, 2013

Gazprom has confirmed its interest in buying a combined cycle generation plants in Europe despite competition from cheap coal.

• March 26, 2013

China has approved a production-sharing contract with Royal Dutch Shell (RDSa.L) for the Fushun shale gas block in the southwestern province of Sichuan, with the global oil firm preparing to step up drilling activities in the country.

• March 26, 2013

In former Soviet Central Asia there is little debate that the root problem [of extremist beliefs] is “foreign ideas,” defined so broadly as to become a target of opportunity for both every political purpose and every local policeman or official’s ambition. Any sign of dissent from state policies or ideology can be enough to bring the wrath of the state, sometimes with great violence.

• March 25, 2013

Cyprus clinched a last-minute solution to avert imminent financial meltdown early Monday after it agreed to slash its oversized banking sector and inflict hefty losses on wealthy depositors in troubled banks to secure a 10 billion euro ($13 billion) bailout.

• March 25, 2013

Gazprom has confirmed its interest in buying a combined cycle generation plants in Europe despite competition from cheap coal.

• March 25, 2013