| May 2013 |
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A technical and economic assessment of the South Stream gas project will
be ready in February 2011 and the pipeline will go into operation at
the end of 2015. Russia has already signed intergovernmental agreements with Bulgaria,
Serbia, Hungary, Slovenia and Croatia to implement the onshore part of
the project.

The Russian government is ready to step in to sort out the crisis in Russian naval shipbuilding which is threatening to derail the defense procurement program, Deputy Prime Minister Dmitry Rogozin said on Friday.
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Venezuela’s state-owned oil and gas company PdVSA and Russian state oil company Rosneft have signed documents to form a joint venture, Petrovictoria, the giants told reporters.
Luxoft Holding, Inc., a subsidiary of Moscow-based information technology services provider, IBS Group Holding Limited, has filed for an initial public offering (IPO) on the New York Stock Exchange.
Russia is demonstrating “insufficient” economic growth rates but the country will be able to avoid even a technical recession this year, First Deputy Prime Minister Igor Shuvalov said on Thursday.
Muscovites have increased their spending on food in cafes and restaurants more than sixfold over the past decade, and spending on dining out in the Russian capital is expected to grow even more rapidly in the future, a Moscow government official said on Thursday.
Space imaging studies have revealed over 10 new oil deposits in the Krasnoyarsk Territory in East Siberia, with one of them comparable to the giant Yurubcheno-Tokhomo field, a scientist from Tomsk Polytechnic University said on Wednesday.
Russia refined 35.235 metric tons of gold in January-March 2013, up 4.37 percent from a year earlier, the Russian Gold Industrialists Union said on Wednesday.
Gas from Turkmenistan’s largest gas condensate field will flow to China, national gas company Turkmengaz CEO Kakageldy Abdullayev said on Wednesday.
Vladimir Shmakov, first deputy CEO of tank manufacturer Uralvagonzavod, has been appointed head of Russia’s state-run United Shipbuilding Corporation in a bid to shake up deliveries of warships to the navy, President Vladimir Putin said on Tuesday.
Russia and Azerbaijan are negotiating a new oil transit agreement, Russian Foreign Minister Sergei Lavrov said during a news conference on Tuesday after a bilateral meeting with Azerbaijan’s foreign minister.
Russian state-run long-distance operator Rostelecom posted an IFRS net profit of 6.4 billion rubles ($206 million), down by 49 percent from the same period last year, the company said on Tuesday.
Russia has delivered a first batch of 450 Lada cars to Venezuela, said Sergei Goreslavsky, head of Russian Technologies (Rostec) high-tech state corporation's international economic cooperation department.
Russia and Peru will sign a contract to upgrade Lima's fleet of Mikoyan MiG-29 Fulcrum fighters by the end of May, Konstantin Biryulin, deputy head of Russia’s Federal Military-Technical Cooperation Service, said on Monday.
Metals and mining giant Norilsk Nickel Vice-President Vladimir Strzhalkovsky announced plans on Monday to quit the company, the world's largest nickel miner, which has been at the center of a shareholder battle for control for several years.
Russia will need from three to five years to exit stagnation and build an efficient economy, former Finance Minister Alexei Kudrin said on Monday.
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Rusagro, one of Russia’s largest agribusinesses, posted an IFRS net loss of 578 million rubles ($19 million) in January-March 2013 compared with a net profit of 558 million rubles the previous year, the company said on Monday, citing lower prices for certain products.
Russian steelmaker Severstal's IFRS net profit fell 89.7 percent year-on-year in January-March 2013 to $44 million, the company said on Monday, citing weaker demand and lower realized prices as contributing factors.