Search Results for: Russia

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is lending Russia’s largest zinc smelter US$12 million to help it eliminate mercury emissions and drastically reduce emissions of sulphur oxydes. The six -year loan to the Chelyabinsk zinc smelter, is the bank’s second in two years; it will finance the construction of a mercury recovery plant and a sulphuric acid plant under the second phase of a modernisation scheme.…

BY MARK ROWE
RUSSIA’S biggest ice cream producer Russky Kholod will launch a factory in Moscow with a projected output of 2,000 metric tons per month in 2003. The company has -modestly – described the plant as “the most modern ice-cream production facility in the world.”…

BY KEITH NUTHALL
RUSSIAN sugar refineries will be able to draw on a US$286 million short-term working capital finance programme run by the Netherlands’ Rabobank in 2002-3, which will be bolstered with US$100 million from the European Bank for Reconstruction and Development (EBRD).…

BY KEITH NUTHALL
THE EUROPEAN Parliament has taken a significant step towards the creation of a European Union (EU) greenhouse gas emissions trading system, as signatory governments of the United Nations (UN) Climate Change Convention gathered to meet in New Delhi this week, (October 23 to November 1).…

BY ALAN OSBORN
FOLLOWING “significant reforms” to its anti-money laundering system, Russia

has been removed from the list of non-cooperative countries maintained by

the Financial Action Task Force on Money Laundering, its parent body, the

OECD, has announced.

FATF president Jochen Sanio said Russia had given “strong assurances that

it will bring to a completion this reform process and the

implementation of its anti-money laundering framework.”…

BY KEITH NUTHALL
AN INTERNATIONAL convention improving the right of access by children to separated parents who live in different countries is expected to become European law, with the European Commission proposing that the European Union signs up to its terms.…

BY KEITH NUTHALL
THE ERECTION of EU temporary protective duties on cereals from Russia and the Ukraine is being considered by the European Commission. A production boom is lowering prices on world markets, threatening the financial health of EU producers.…

Keith Nuthall
RUSSIA has been advised, in secret, by the United Nations Commission on the Limits of the Continental Shelf about whether it can claim maritime territory in the Pacific and the Arctic, enabling it to control the North Pole.

The UN agency has been studying geological claims lodged by Moscow that wide swathes of the Arctic Ocean are part of Russia’s ‘continental shelf,’ areas of sea that are shallow enough or contain enough sedimentary rocks to be legally defined as national territory under international law.…

KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has agreed plans to lend St Petersburg’s Lenenergo Euro 40 million to finance the completion of a power plant project the bank wants to use as a model for similar integrated heat and power utilities across Russia.…

BY KEITH NUTHALL
AN INTERNATIONAL initiative to cleanse the polluted Barents Sea of nuclear waste has been launched, with Euro 110 million being pledged by Russia, the European Commission, Denmark, Finland, Netherlands, Norway and Sweden. The Barents clean-up will be the first priority project of this Support Fund of the Northern Dimension Environmental Partnership; the sea, to the north of Russia and Norway, is commonly known as the largest repository of spent nuclear fuel and radioactive waste in the world.…