Belarus News
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OAO Gazprom, Russia’s natural gas export monopoly, claimed that slated pipeline projects, such as seabed lines directly to the European Union, will eliminate reliance on Ukraine to transit the fuel to Europe.
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Updated 13 minutes ago
Ukraine’s efforts to seek cheaper natural gas from Russia rather than comply with the terms of a bailout have alarmed investors, propelling the former Soviet republic’s credit risk above Argentina’s for the first time in two years.
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A Belarusian court jailed Pavel Vinogradov, an opposition activist who has served prison time for taking part in political demonstrations, for 10 days after he organized an anti-government rally using stuffed toys.
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Belarus must curb state-backed lending as the country seeks a third disbursement from a Russian-led $3 billion bailout loan, said Sergey Shatalov, who oversees the anti-crisis fund that provided the credit.
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Eurasian Development Bank, a Russian-led lender backed by six former Soviet republics, wants to expand Shariah-compliant financing after helping arrange a deal last year, Chief Executive Officer Igor Finogenov said.
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Turkcell Iletisim Hizmetleri AS, Turkey’s largest mobile phone company, headed to its one-year high after the company’s fourth-quarter earnings forecast beat analyst estimates.
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Russian equities in New York posted the sixth advance in seven weeks, led by VimpelCom Ltd. and OAO RusHydro, as the best gain for oil this year bolstered flows into stock funds focused on the world’s largest energy exporter.
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Roger Federer extended his streak of winning at least one title on the men’s tour to 12 seasons by beating Juan Martin del Potro in the ABN AMRO World Tennis Tournament final.
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Belarus plans to offer stakes in 19 major state-owned companies this year, five fewer than previously planned, State Property Committee Chairman Georgy Kuznetsov said.
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Belarus is extending its offer to sell a 51 percent stake in its joint venture with OAO Mobile TeleSystems, Russia’s largest mobile-phone operator, for $1 billion after two failed auctions last year.
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