Russia may replace Bulgaria with Romania in South Stream project
RIA Novosti reported that Russia gas monopoly Gazprom is likely to replace Bulgaria with Romania in the South Stream pipeline network since Bulgaria halted the other two joint energy projects with Russia.
Russia cuts gas supplies to Belarus over debt
Russia's President Dmitry Medvedev ordered the state-controlled gas monopoly Monday to cut gas supplies to ex-Soviet neighbor Belarus over its debt for Russian natural gas supplies.
Kyrgyz violence hurting business
Violence in Kyrgyzstan has dealt a blow to the nation's trade with China, and international analysts say the crisis could pose a threat to northwestern China's security.
Japan sets targets to tackle debt
Japan sets ambitious new targets to rein in its national debt, the largest in the industrialised world, and avoid a "Greek-style" crisis.
Israel asks UN to shelve inquiry
Israel asks the UN to suspend plans for an international inquiry into an Israeli raid on a ship trying to break the Gaza blockade.
Russia unveils ski resorts plan for troubled north Caucasus
Russia aims to build a £10bn constellation of five ski resorts in its mainly Muslim north Caucasus region, where an Islamist insurgency claimed the lives of almost 1,000 people last year.
EBRD and Russia’s Federal Grid in energy efficiency drive
The EBRD and Russia’s Federal Grid Company, the country’s high-voltage transmission operator, today laid the groundwork for a strategic partnership to promote energy efficiency in the Russian power sector.
Russia invites Indian investment
Russia wants “strong Indian presence” in the energy, pharmaceutical and IT sectors, Prime Minister Vladimir Putin told Commerce and Industry Minister Anand Sharma.
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