According to the materials prepared prior to the visit of PM Vladimir Putin to Turkey, there are several major industrial deals that might be closed during the visit. Namely, machinery supplier Silovie Mashini (Power Machines) could participate in building ten power blocks at four power stations in Turkey. Also, NLMK is developing an opportunity of building a full-scale metallurgy complex, as well as another metallurgy major MMK that already is working on building a metallurgy complex worth USD 1.7bn that is supposed to be finished by 2013. Overall, it is planned to increase trade turnover between Russia and Turkey to USD 100bn annually (in 2009 it stood at USD 23bn). |
As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more
Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more
Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more