Search Results for: Russia

BY ALAN OSBORN

RUSSIA is due to deliver a comprehensive account of its anti-money laundering system to the Financial Action Task Force (FATF) in June – two years after a mutual evaluation report jointly undertaken by the FATF, Moneyval and the Eurasian group on combating money laundering and financing of terrorism (EAG) found both good and bad things to say about the country.…

BY MARK ROWE

THE NEXT few years are likely to see several countries accede to the European Union (EU), with significant implications for the personal care sector. Local producers of toiletries, detergents and cosmetics, as well as multinationals in a number of countries, are closely following the negotiations conducted by their governments.…

BY KEITH NUTHALL

THE ENERGY trading rules for the 35 eastern European and central Asian countries that are signatories to the Energy Charter Treaty have been changed to mirror World Trade Organisation principles. The treaty, which covers most of Europe, but excludes Russia and Turkey, aims to underpin liberalisation and transparency in the energy sectors of member countries.…

BY EMMA JACKSON

THIS April, the long-awaited carbon reduction commitment (CRC) scheme will commence in the UK, bringing in the first phase of a carbon emissions trading programme unlike any other in Europe.

The programme covers virtually everything the European Union’s (EU) emissions trading scheme (ETS) does not: any corporation, company or business – including transport and agriculture – which consumes more than 6,000 megawatt hours (MWh) per year.…

BY MONIKA HANLEY

THE CLOSURE of the last functioning reactor in Lithuania’s Ignalina nuclear power plant facilities on December 31 has laid focus on the daunting decommissioning process currently underway with the help of several international agencies. Funding for this work is chiefly being made available by an Ignalina International Decommissioning Support Fund (IIDSF), which is managed by the European Bank for Reconstruction & Development (EBRD).…

BY KEITH NUTHALL, EMMA JACKSON and MIRIAM ELDER

THE CANADIAN government has denied using its security forces to intimidate and terrorise a Russian immigrant, who later fled to Britain and committed suicide this week, jumping with his family from a Glasgow tower block.…

BY KEITH NUTHALL

GERMAN engineering giant Siemens has agreed to spend US$100 million over 15 years helping non-profit organisations worldwide promoting business integrity and fighting corruption, after falling short on ethics. The announcement is part of an agreement with the World Bank that will see Siemens "refrain from bidding" for the bank’s business until this coming December (2010).…

BY MARK ROWE and KEITH NUTHALL

THE RUSSIAN government is welcoming anticipated talks with the European Union (EU) to negotiate a nuclear partnership agreement that would facilitate nuclear trade and exchange of knowledge on safety issues. The EU’s executive arm, the European Commission was given a mandate to begin talks just before Christmas, and the new college of commissioners taking office for five years this month (February) will be responsible for moving the process forward.…

BY KEITH NUTHALL

THE CONSORTIUM operating the Nord Stream project gas pipelines between Russia and Germany has chosen the three companies supplying a second line. Europipe (Germany), OMK (Russia) and Sumitomo (Japan) will share a Euro 1 billion contract: Europipe will supply 65% of the steel pipes; OMK 25 %; and Sumitomo 10%.…

BY KEITH NUTHALL

THE NEW European Union (EU) energy Commissioner Günther Oettinger has been installed for five years, along with his environment Commissioner Janez Poto?nik and climate action Commissioner Connie Hedegaard. And so utilities executives might be forgiven for thinking that the key political changes in Brussels have now been made regarding the appointment of a new European Commission.…