Not long after Vladimir Potanin asked for budget assistance to help fund Nornickel’s ecological projects, another Russian billionaire has approached Russian President Vladimir Putin to solicit a government bailout, finanz.ru reports.

Leonid Mikhelson, co-owner of Novatek and the third richest person in Russia with an estimated $18 billion according to Forbes, claims to be in need of 900 million rubles to speed up the construction and activation of the liquefied natural gas (LNG) transshipment …

Ukrainian President Petro Poroshenko believes that Russian President Vladimir Putin is disingenuous when saying that the reason he is refusing a telephone conversation because of the election process in Ukraine. In Poroshenko’s opinion, the head of the Kremlin simply has nothing to say.

At a press conference on Sunday, the President of Ukraine said: “When, during the act of aggression, I called him to talk, he refused to have a conversation not because, as he explains, the election process in …

Rosneft has decided not to participate in the oil extraction projects in Iran that were announced last year, anticipating $30 billion in investments and the production of 55 million tons of oil per year.

The strategic projects concerning a range of oil and gas deposits that were put on the road map and signed at the end of last year have now been put on the shelf due to US sanctions, Vedomosti reports, citing senior managers in the Russian state company.

According to one of the managers, …

The United States welcomed recent steps by the European Union to hold Russia responsible for aggression against Ukraine, US Deputy Spokesperson Robert Palladino stated on the US State Department website on Sunday, December 16. Washington supports the resolution of the European Parliament calling for the cancellation of the Nord Stream 2 project.

“The European Parliament’s December 12 resolution reiterates the importance of Ukraine’s role in the European energy supply network and condemns the …

On Saturday, December 15, the Unifying Assembly of Ukrainian Orthodox Confessions, under the auspices of the Ecumenical Patriarchate, ruled to establish an autocephalous (independent) local Orthodox Church of Ukraine (OCU). The assembly also confirmed the church charter, and elected Metropolitan Epiphany, patriarchal vicar of the former Ukrainian Orthodox Church of the Kyiv Patriarchate (UOC KP), as primate of the new church. Ukrainian religious scholars and political experts believe that this …