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Main News of June 21

00:09 22/06/2013 A roundup of what has happened in the past 24 hours

A roundup of what has happened in the past 24 hours

St. Petersburg Signs Deals Worth $4Bln at Forum – Governor
23:59 21/06/2013
The St. Petersburg administration has signed investment agreements worth 130 billion rubles ($4 billion) at the international economic forum that the northern capital is currently hosting, the governor said Friday.
St. Petersburg International Economic Forum 2013
23:59 21/06/2013
The St. Petersburg International Economic Forum, which will be held on June 20-22, 2013, is expected to attract some 5,000 participants.
Russian Nuclear Chief Eyes UK Opportunities
22:02 21/06/2013
Speaking to journalists on the sidelines of an economic forum in St. Petersburg this week, the head of Russia’s nuclear behemoth Rosatom indicated his confidence that cooperation with the United Kingdom could lead to Russia, one day, being involved in building new nuclear power plants in that country, something that has been on Rosatom’s to-do list for a number of years.
Rosneft to Up Oil Output to 220M Tons in 7 Years – CEO
21:48 21/06/2013
Russian state oil company Rosneft has sufficient capability to raise its annual oil output to 220 million tons within the next seven years, the CEO said Friday.
Putin Pledges $14 Bln From Wealth Fund for Infrastructure
18:02 21/06/2013
The Russian government will invest up to 450 billion rubles ($13.7 billion) in infrastructure projects from its sovereign wealth fund together with private capital, President Vladimir Putin said on Friday, in a move that could give a significant kickstart to the faltering Russian economy.
50th International Paris Air Show
17:13 21/06/2013
The 50th Paris Air Show will take place at Le Bourget exhibition center on June 17-23.
Rosneft Completes Offshore Projects Deals with Eni, Statoil
16:25 21/06/2013
Russian state-owned oil giant Rosneft signed deal completion agreements on Russian shelf projects with Italy’s Eni and Norway’s Statoil on Friday, the company said.
Rusnano, Alcoa Plan High-Tech Joint Venture in Russia
14:53 21/06/2013
Russia’s Rusnano and US metals giant Alcoa signed a non-binding agreement on Friday which could lead to a joint venture to make nanotech-based protective coating for aluminum pipes used in drilling operations.1
Russia Clinches $270 Bln Oil Export Deal With China
11:55 21/06/2013
Russia’s state-owned oil giant Rosneft will supply $270 billion worth of crude oil to China, the company said on Friday, after clinching a deal likely to make Moscow China’s biggest energy supplier.
Main News of June 20
00:50 21/06/2013
President Putin Admits Offshore Zones Are Used Excessively
00:38 21/06/2013
Russian President Vladimir Putin on Thursday admitted that offshore zones are used excessively by Russian companies.
Russia, UAE Set Up First Joint Investment Fund
00:34 21/06/2013
The Russian Direct Investment Fund (RDIF) and the Mubadala Development Company from the United Arab Emirates will join efforts for the first time to invest in the Russian infrastructure, President Vladimir Putin said.
Russia’s Shadow Economy Accounts for 15-20% of GDP – Minister
23:58 20/06/2013
Russia’s shadow economy accounts for some 15-20 percent of the country’s gross domestic product, the finance minister said Thursday.
Russian Start-ups Face Visa Hurdles to Compete in US Business Contest
22:06 20/06/2013
Russian technology start-ups that were selected as finalists in a prestigious US business development competition might not be able to take part in the months-long contest because of visa problems, the head of an investment company that is co-sponsoring the event said Thursday.1
Rosneft’s Oil Supplies to China to Top $60Bln – Putin
19:35 20/06/2013
Russian oil giant Rosneft’s agreements to supply several hundred million tons of oil to China are worth a total of more than $60 billion, President Vladimir Putin said Thursday.
St. Petersburg to Sign $3Bln in Deals at Forum - Governor
17:58 20/06/2013
The St. Petersburg city authorities plan to sign agreements bringing in investment of around 100 billion rubles ($3.06 billion) during the International Economic Forum, the city's Governor Georgy Poltavchenko said on the opening day of the event.
Customs Union Fraud May Account for 40% of Russia Capital Flight in 2012
17:28 20/06/2013
Fictitious import contracts with entities from Customs Union member states Belarus and Kazakhstan may have accounted for 40 percent of Russia’s net capital outflow last year, business daily Vedomosti reported Thursday, citing Central Bank data.
Russian Rail Monopoly in Greek Asset Consortium Talks
15:19 20/06/2013
Russia’s rail monopoly Russian Railways (RZD) is negotiating a consortium with Greek and Western companies to buy rail assets in Greece, RZD CEO Vladimir Yakunin said on Thursday.
IT Company Probed Over Russian Sat-Nav Embezzlement - Report
13:36 20/06/2013
Former executives of M2M Telematics, a subsidiary of the Russian Systema conglomerate, are under investigation over alleged embezzlement of nearly 400 million rubles ($12.3 million) from the Glonass satellite navigation system program, Kommersant daily reported on Thursday.

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US Judge Calls Russia an 'Outlaw' in Jewish Library Dispute

A US federal judge on Thursday accused Russia of being contemptuous of the law for refusing to hand over a disputed collection of Jewish religious texts to a New York-based Orthodox Jewish group despite a US court order to do so.

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Moscow Concerned by US Plans for No-Fly Zone in Syria

Moscow has received no explanation from the United States over plans to establish a no-fly zone over Syria, Russian Foreign Minister Sergei Lavrov said Thursday.

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