Latest Articles about Middle East

KREMLIN REVISES COSTS FOR EXPENSIVE SOUTH STREAM PROJECT

On July 29, the Russian government made public a hefty increase in its cost estimate of Gazprom’s South Stream pipeline project. Russian Energy Minister Sergei Shmatko reevaluated the cost at $20 billion, and stated that even this figure is an interim one, pending another financial... MORE

RUSSIAN OFFICIALS AND MEDIA HAIL DEAL CEDING ISLANDS TO CHINA

Russia moved to finalize its border arrangements with China in an apparent bid to prop up its bilateral “strategic partnership.” On July 21, Russia and China signed an agreement that finally settled the demarcation of their 4,300-kilometer (2,672-mile) border, the longest land frontier in the... MORE

PUTIN’S ATTACK ON MECHEL – ANOTHER SILOVIKI POWER PLAY?

Prime Minister Vladimir Putin last week accused the Russian coal and steel producer Mechel of price-fixing and made a veiled threat against the company’s owner, Igor Zyuzin. Critics say Putin’s comments, which caused the value of Mechel’s shares to plummet 33 percent, show that despite... MORE