Search Results for: Russia

BY KEITH NUTHALL
EXPENSIVE overflight fees charged on airlines crossing Siberia on long-haul trips are to fall following a wide-ranging trade deal struck between the European Union (EU) and Russia. It included a pledge by Moscow to revamp the charging system for EU airlines flying over Siberia, making it cost-based, transparent and non-discriminatory by 2013.…

BY ALAN OSBORN
WHEN a local pizza parlour goes bust, or the site of a planned hotel complex is suddenly left abandoned or interest rates suddenly shoot up for no apparent reason, we don’t normally blame money launderers. Perhaps we should though.…

BY KEITH NUTHALL
NOBODY likes to be on a blacklist, especially one written by the American government. But every year, the US state department issues a comprehensive rogues gallery of countries involved in the narcotics trade and related criminal problems. One surprising entrant: the United States.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is planning to lend Spanish utility Enagás SA up to Euro 450 million to reinforce and extend the country’s gas transmission network and reserve facilities. These improvements would cover most of the country and are included in the 2002-2011 Spanish National Energy Plan.…

BY KEITH NUTHALL
RUSSIA’S exporters of grain oriented electrical sheets will be temporarily exempt from European Union (EU) anti-dumping duties on their sales to the 10 countries joining the EU this weekend, under a proposed from the European Commission. It has responded to concerns from the exporters that the sudden application of the duties to these eastern and southern European countries would trigger “sharp price increases” making “the product prohibitively expensive for electromagnetic appliances and in installations such as power and distribution transformers”.…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked to waive anti-dumping duties imposed on imports from Russia of (with silicon content less than 99.99 per cent by weight) for three cooperating exporters, owned by the SUAL Holding Group. Its SKU LLC, of Sual-Kremny-Ural, and ZAO KREMNY, Irkutsk, have formally promised to maintain their silicon prices at a level that is acceptable to the European Commission, which has as a result proposed that they be exempted from the duties; the decision would also apply to their related trader ASMP GmbH, of Switzerland.…

BY KEITH NUTHALL
A FOURTH mining equipment leasing package for Russia has been signed by the European Bank for Reconstruction and Development. This latest agreement will help Japan’s Sumitomo group expand its supplies in Siberia and the Russian far east, through a US$45 million leasing framework, with the bank bearing one third of the risk.…

BY KEITH NUTHALL
BRITAIN, France, Finland, Spain and Germany are joining 15 countries in supplying experts to a new International Nuclear Safety Group, run by the International Atomic Energy Agency (IAEA). The group will provide authoritative advice and guidance on safety approaches, policies and principles at nuclear power plants and other nuclear facilities.…

BY KEITH NUTHALL
EU energy Commissioner Loyola de Palacio has fuelled an ongoing row with environment Commissioner Margot Wallstrom over whether the EU should abide by the Kyoto Protocol. She told the Financial Times that the EU should examine alternative ways of dealing with climate change, while Russia dithers over ratification.…

BY KEITH NUTHALL
AN INTERNATIONAL Internet crime treaty, insisting that 45 countries criminalise computer-based fraud, has come into force following its ratification by Lithuania, the fifth country to do so. The Council of Europe’s Cybercrime Convention covers most European countries, including Russia and other former Soviet republics.…