Contents tagged with Siberia

  • Russia offers China one of Siberia’s largest oil fields

    Russian oil giant Rosneft and NefteGazHolding, a company belonging to Igor Sechin’s associate Eduard Khudainatov, are preparing to sell Asian investors a large share in oil fields in north-eastern Siberia.

    Citing federal officials and sources familiar with the negotiation proceedings, the Vedomosti news agency reported that buyers from China and India will be offered up to 40% of a project to unite four fields in Russia’s Krasnoyar Krai, including the fields that form part of the Vankor …

  • India to lend Russia $1 billion and begin exporting Siberian timber

    India is set to give Russia a $1 billion credit line, said Indian Prime Minister Narendra Modi at a plenary session of the Eastern Economic Forum, which is being held in Vladivostok, Russia, between September 4 and 6. The funds will be used to develop the Far East.

    The Indian head of state emphasized that it is completely unprecedented for India to give another country a loan. “Today’s announcement on the allocation of a credit line will be a starting platform for us, from which we will grow …

  • Russia demands compensation from China for deforestation in Siberia

    Russia is expecting China to invest in a joint project to restore the forest in Siberia in the wake of illegal logging and subsequent exportation to china, Dmitry Kobylkin, Russian Minister of Natural Resources and Ecology, told Vedomosti in an interview.

    He said that “serious work” is being done with the Chinese.

    “I asked their law enforcement agencies to get involved,” Kobylkin explained, “Because I really don’t like the fact that we are dealing with their ‘comrades’ on our own here in …

  • Chinese investors flee Russia

    China is continuing to reduce its investments in Russia, despite Russian officials’ attempts to bring the country’s economic policy back to the East, finanz.ru reports.

    By the end of 2018, China’s total direct investments in Russia had fallen by 24%, from $3.59 billion to $2.62 billion, according to statistics published by the Bank of Russia on 30 May.

    Over the year, Chinese investors withdrew another $969 million from the real sector of the economy. 80% of this amount, $774 million, resulted …

  • Ukrainian general proposes to seize part of Russia in the event of its collapse

    The former deputy chief of the General Staff of the Armed Forces of Ukraine, Lieutenant-General Ihor Romanenko, in response to a reader's question on the Glavred news website, stated that Russia could lose some of its territories, and Kyiv "should seize" this opportunity.

    Romanenko was asked if, in his opinion, Russia could lose some of its territories, in particular, Siberia.

    “This is a real and very serious threat. Russia not only could lose Siberia, but it can also collapse altogether, “ …

  • China refuses to finance $14 billion Gazprom megaproject

    Russian officials’ attempts to get through to Chinese investors in order to enlist their support in developing the economy in the East and overcoming western sanctions are continuing to fail for the fifth consecutive year. 

    The new negotiations to secure a Chinese loan for the construction of Russia’s largest gas processing plant in the Amur province have ended with yet another disappointment for the Russians. 

    Gazprom had hoped to pay for the Amur gas processing plant, which is scheduled to …

  • Russians protest against Kuril island handover to Japan

    In Khabarovsk, Russia, protesters rallied against the handover of the Kuril Islands to Japan, Sibir.realii reports. 

    Residents also protested against the current government. Roughly 500 people attended the rally to stand up for the island territories which they believe belong to Russia. 

    “The Kurils are ours! Down with Putin’s government!” the protesters chanted. 

    A rally against the Kuril handover was also held in Moscow and attended by nearly 2,000 people. The Russian news outlet Dozhd, …

  • China wants to buy Siberian river water from Russia

    China is hoping to solve its water deficit in a number of regions with Russia’s help. The Chinese Association for Exchanges and Collaboration between Russia, Eastern Europe, Central Asia and China has already sent the corresponding letter to Russian Prime Minister Dmitry Medvedev.

    One of the options proposed by China is an intergovernmental project to divert water from Russia’s Altai Krai to western China through Kazakhstan. The construction of the water pipeline would cost an estimated $80 …