Russia 100723 Basic Political Developments



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National Economic Trends


  • Russia Lost 10 Million Hectares of Grain Plantings, Ekho Reports - About 20 percent, or 10 million hectares (24.7 million acres) of Russia’s grain plantings were ruined by the worst drought in at least a decade, Ekho Moskvy reported, citing Agriculture Minister Yelena Skrynnik.

  • Russian government officials to discuss measures against drought - Russian government's interdepartmental working group headed by Deputy Prime Minister Viktor Zubkov will discuss on Friday measures to overcome consequences of the lasting drought in Russia, a source in the government said.

  • GRAINS-Russian drought sends U.S. wheat surging above $6/bu

  • RenCap Says Economy Improving - Renaissance Capital on Thursday upgraded its view on the Russian equity market for the third quarter based on a wider economic recovery, increased government support and an improved geopolitical climate.

  • Russia Yield Advantage Shrinks to 10-Month Low Amid Bond Sales - Russia’s borrowing cost advantage is falling to a 10-month low as the economic recovery in the world’s largest energy exporter lags behind peers and almost $12 billion of debt sales outstrip investor demand.

  • European banking stress tests a ho-hum for Russia - “The impact will be nil” when asked about the possible implications for Russia, and Maxim Miller, Associate Director at  FitchRatings responding likewise with 'We definitely do not expect any direct implications for the Russian banking system from the publication of these results.' 

Business, Energy or Environmental regulations or discussions


  • Polyus Gold, Razgulay, RusHydro, X5: Russian Equity Preview

  • Russia issues H1 output results for steel - According to the data released by the Russian Federation Federal State Statistics Service, in the first half of this year Russia produced 28.4 million tonnes of finished steel products up by 20.6% YoY, 4.3 million tonnes of steel pipes up by 43.1% YoY and 24.2 million tonnes of pig iron up by 23.2%YoY.

  • Russian steel makers fail to move to long-term contracts - Kommersant

  • Russian RUSAL restarts alumina refinery in Jamaica

  • Rusal resumes operations in Jamaica

  • Russia's Mobile Power Trio Fights For 4G Exclusivity –Vedomosti

  • Russia cell operators ask Putin for transparency in 4G frequencies allocation - letter

  • Moscow threatens device ban to boost Russian tech - Russia on Friday threatened to block imports of cellphones and other devices not enabled for its own competitor to widely-used U.S. navigation technology.

  • Polyus Gold and KazakhGold Comment on Recent Media Speculation

  • Russia’s Komarov Plans Steel Pipe Revival With Theatrical Touch

  • Billionaire Kerimov Seeks to Sell Stake in PIK, Kommersant Says

  • Tycoon Vekselberg plans training aircraft plant in Russia - paper

  • X5 Retail applies to FAS for Kopeika acquisition

Activity in the Oil and Gas sector (including regulatory)


  • Russian govt to hold tender for Trebs, Titov oil deposits this year - "The Federal Agency for Subsoil Use must approve the agenda of the tender committee and requirements for the content of the tender documents, send out notices on the tender before August 1, 2010, ... and conduct the tender in the fourth quarter," the statement said.

  • Putin approved an open competition for oil resources Trebs and Titov

  • Rosneft Offers 600,000 Tons of ESPO Oil for September, October

  • Transoil RAS net profit for 2009 up by 20pct

Gazprom


  • Gazprom gas production off last year's pace - According to the Fuel and Energy Dispatch Center (TsDU TEK), Gazprom had on July 21 extracted 1.059 billion cubic meters (bcm) of gas, significantly under the 1.067 bcm it had produced on the same date last year.

  • Gazprom, CNPC in Talks - Gazprom and China National Petroleum discussed how to finance the western, or Altai, supply route across Siberia to the Asian nation, the company said Thursday.

  • Gazprom has ousted fully Iran from Turkish gas market

  • AIR SHOW: Sukhoi To Supply 10 Superjets To Gazprom Unit

  • Gazprom Keeps Projects in Rotenberg's Pipeline - In its first full year of operations, Arkady Rotenberg's contracting business managed to become the industry's second-largest player by revenue, thanks in large part to its contracts with state-run Gazprom, Vedomosti has learned.

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Full Text Articles




Basic Political Developments


July 23, 2010 11:59

Russian-NATO military delegations begin talks in Moscow


http://www.interfax.com/newsinf.asp?id=178952

MOSCOW. July 23 (Interfax) - Russia and NATO's military delegations are discussing European security in Moscow.

"Your visit is very important for broadening the dialog between Russia and NATO," Russian General Staff Chief, General of the Army Nikolai Makarov told Chairman of NATO's Military Committee, Italian Admiral Giampaolo Di Paola.

"We will sum up first results of the work done since the Russia-NATO Council convened in Brussels at the level of General Staff chiefs, and we will discuss European security and issues of mutual interest," Makarov said.

"You laid wreaths to the Tomb of the Unknown Soldier yesterday," he told Di Paola. "We are happy that you are joining celebrations of the 65th anniversary of the victory in World War II this year," Makarov said.

Di Paola said in turn that it was a great honor for him to lay a wreath to the Tomb of the Unknown Soldier.

Beginning the talks at the Defense Ministry headquarters in Moscow, Di Paola said with a smile: "I have been in this room so many times that I feel at home here."

"I was accorded a warm and cordial welcome here, which matched the weather. I would like to make special mention of Russian citizens' hospitality. This is your main asset," he said.

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NATO military chief to promote “reset” with Russia

http://www.itar-tass.com/eng/level2.html?NewsID=15341080&PageNum=0

23.07.2010, 04.03

MOSCOW, July 23 (Itar-Tass) -- Chairman of the NATO Military Committee Admiral Giampaolo di Paola will discuss military cooperation with Russia’s Chief-of-Staff of the Armed Forces Nikolai Makarov on Friday.

Di Paola told Tass in Brussels the first visit to Moscow of a high-ranking military official of the alliance was a result of “political reset” in relations following the crisis caused by the war in Georgia in 2008.

“Political reset does not mean that we have no contradictions, but it testifies that we are resolute to restore and strengthen mutual trust,” di Paola said.

The Russian defense ministry said “the parties plan to sum up intermediary results of Russia-NATO interaction in 2010 and consider future prospects. Priority attention will be paid to the fight against sea piracy, rear logistics, and interaction in the settlement in Afghanistan.”

July 23, 2010 09:01


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