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Saakashvili Congratulates Yanukovych On Election Win

Saakashvili Congratulates Yanukovych On Election Win

Georgian President Mikheil Saakashvili has formally congratulated Viktor Yanukovych on his victory in Ukraine's presidential election, Saakashvili's office said Thursday.

First Oil from Kashagan Not Far Off, Says Kazakh Energy Minister

First Oil from Kashagan Not Far Off, Says Kazakh Energy Minister

Having become one of the largest (16.81%) shareholders in the North-Caspian project (Kashagan field,) Kazakhstan has started paying closer attention to the costs associated with the development of this major and much promising project.

Medvedev Says Nuclear Energy Russian Priority Amid Climate Change

Medvedev Says Nuclear Energy Russian Priority Amid Climate Change

Russian President Dmitry Medvedev during his visit to the west Siberian city of Tomsk in freezing temperatures on Thursday said nuclear energy development was a national priority, in particular as an instrument for combating global warming.

EU Seals Deal to Rescue Greece, Details Still Murky

EU Seals Deal to Rescue Greece, Details Still Murky

European leaders struck a deal to provide financial aid to Greece on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro single currency.

Iran Says Can Enrich Uranium to Much Higher Levels

Iran Says Can Enrich Uranium to "Much Higher" Levels

Iran is now able to enrich uranium to more than 80 percent purity, President Mahmoud Ahmadinejad said on Thursday, coming close to levels experts say would be needed for a nuclear bomb.

Russia to synchronize energy projects with market demand - Putin

Russia to synchronize energy projects with market demand - Putin

Russia will synchronize large-scale energy projects, including the development of new deposits, with market demand, Prime Minister Vladimir Putin said Wednesday. He said that although global demand for energy had declined, "we proceed from best-case scenarios" and that "energy demand will eventually grow."

Euro zone holds intensive talks on Greek rescue

Euro zone holds intensive talks on Greek rescue

Euro zone countries held intensive talks on Wednesday on a possible rescue for Greece, whose debt crisis has shaken the entire currency union, as civil servants staged the first big strike against Athens' austerity plans.

Russias Putin: Nord Stream Pipe Poses No Environmental Risks

Russia's Putin: Nord Stream Pipe Poses No Environmental Risks

Russian Prime Minister Vladimir Putin said Wednesday there would be no environmental risks from the Nord Stream pipeline, which is to run under the Baltic Sea to bring gas from Russia to the European Union.

Ukraines Yanukovych:Russia Relations Will Be Priority

Ukraine's Yanukovych:Russia Relations Will Be Priority

Ukraine election winner Viktor Yanukovych on Wednesday earmarked relations with Russia as a priority of his presidency, in his first major foreign policy statement since the results were announced.

Surgutneftegaz CEO Not Candidate To Rosneft Board

Surgutneftegaz CEO Not Candidate To Rosneft Board

Chief Executive of Russian oil producer OAO Surgutneftegaz (SNGS.RS) Vladimir Bogdanov isn't included in a preliminary list of candidates to state-controlled OAO Rosneft's (ROSN.RS) board of directors, the Vedomosti daily reported Wednesday citing an unnamed source.

Gazprom Executive Urges UK To Scrap Wind Farms

Gazprom Executive Urges UK To Scrap Wind Farms

Plans to build thousands of wind farms in the U.K. are irrational and should be scrapped in favor of more gas plants, the Guardian reports Wednesday, citing the deputy chairman of Russia's OAO Gazprom (GAZP.RS).

Euro Drops As Greece Gags Risk Appetite

Euro Drops As Greece Gags Risk Appetite

The euro slipped against the dollar Wednesday--dropping below $1.37--as investors unsure of whether Greece would be offered help to deal with its stressed sovereign debt turned to the safety of the dollar and yen.

Russia:Iran Uranium Move Calls Sincerity Into Question

Russia:Iran Uranium Move Calls Sincerity Into Question

Iran's decision to ramp up uranium enrichment "heightens doubts on the sincerity" of the Islamic republic's nuclear intentions, the Russian foreign ministry said Tuesday.

Gazprom Executives Tout Growth Prospects

Gazprom Executives Tout Growth Prospects

OAO Gazprom is seeking to reassure investors of its growth prospects as a looming supply glut threatens to depress European demand for Russian natural gas for years.

Russia, China Agree On Nuclear Construction Cost

Russia, China Agree On Nuclear Construction Cost

Russia and China agreed on the cost of constructing the second stage of China's Tianwan nuclear power station, the RIA Novosti news agency reported, quoting sources close to the talks.