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Germany's direct investments in Russia exceed 3 billion euros
The German-Russian Chamber of Commerce is confident that companies that have knowledge of the Russian market are not afraid of "sanctions and political problems.
On Monday, April 15, the press service of the German-Russian Chamber of Commerce, citing data from the German Federal Bank, announced that Germany’s direct investments in the Russian economy in 2018 amounted to 3.2 billion euros.
They estimate that this is a record amount of investment since the financial crisis in 2008. Large-scale …
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EU to spend €215 million to remove Poland's dependency on Russian gas
The EU government has decided to allocate €215 million to the construction of the Baltic Pipe, a pipeline that will transport gas from Norwegian deposits through Denmark to Poland.
The Polish gas operator Gaz-System will receive the funds for construction of the pipeline. The company announced on Monday that it had signed the relevant agreement with the EU’s Innovation and Networks Executive Agency (INEA).
The financing will be used to build the underwater section of the pipe that will …
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Turkmenistan resumes gas exports to Russia
On Monday, April 15, Turkmenistan resumed natural gas exports to the Russian Federation, reported the publication ORIENT, citing a source in Turkmenistan’s Ministry of Oil and Gas.
It is noted that deliveries resumed after a pause in commerce outlined in a 25-year contract signed in 2003 “was taken by Gazprom in early 2016.”
In March 2016, the Russian gas monopoly terminated the contract with Türkmengaz. Gazprom cited a “serious breach of contract” by Turkmenistan and also requested a …
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Russia to make it easier for Donbas residents to obtain Russian citizenship
The Russian government intends to make it easier for inhabitants of the so-called Donetsk and Luhansk People’s Republics (DPR and LPR) to obtain Russian citizenship, Kommersant reports, citing sources in the Russian government.
According to the sources, everything has been worked out, and all that remains is for Russian President Vladimir Putin to sign the relevant decree. This could be done immediately after the presidential elections in Ukraine.
“What other options are there? The people …
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Russia begins laying railway tracks on Crimean Bridge
The Russian authorities in Crimea have begun laying railway tracks on the bridge that spans the Kerch Strait, the Russian media reports.
Construction of the railway line on the bridge from from Crimea to Russia began in summer 2018, starting at Krasnodar Krai on the Russian side. Now the builders are moving towards each other from opposite ends. A track layer entered the bridge from the already constructed section of the railway approach, which is being built at the same time as the bridge. …