Russia and Ukraine appear to be headed for a repeat of January's standoff over gas prices as the prospective Ukrainian Prime Minister Yulia Tymoshenko eyes a review of the Moscow-Kiev gas deal.
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The owners of Jean-Jacques, a French cafe in central Moscow, have been told to clear their shelves of about 300 types of wine by Saturday morning.
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Gazprom's bank said Thursday that it had won control of a major field belonging to rival Itera, strengthening the Kremlin's dominance over the gas industry and possibly opening the way for a deal with the EU.
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Finland takes over the Presidency of the EU on 1 July. A central theme during Finland’s Presidency will be the relationship between the EU and Russia.
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Indian investment group Sun has acquired a stake in Itera Group (Cyprus), the parent company of Russia's No. 1 independent natural gas producer, the Itera press office said Thursday.
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Representatives of the United Kingdom's business community will arrive in Siberia's mineral-rich region of Tyumen Monday to study opportunities for cooperation, a project coordinator at the British consulate said.
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Raiffeisenbank Austria, a subsidiary of Austria's banking group Raiffeisen International, said Monday it would decide on its merger with a major Russian bank by the end of the year.
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Leaders of Eurasian Economic Community countries will meet in Russia in August to discuss the legal basis for a customs union, the secretary general said Friday.
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Gazpromavia, Russian energy giant Gazprom's airline, said Thursday it had signed a deal with France-based helicopter manufacturer Eurocopter to create a technical servicing center for helicopters near Moscow.
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Gazprom [RTS: GAZP] has bought Pennine Natural Gas Limited to expand into direct sales to commercial and industrial consumers in the United Kingdom, the energy giant said Thursday.
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Imported beverages have started disappearing from Moscow shops following the issue of new documentary stamps on alcohol, and alcohol sellers say supplies of foreign beverages may stop altogether on July 1.
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Russia and Italy reached an agreement Tuesday on reciprocal access in the energy sphere and set out common positions on Iran's controversial nuclear programs.
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Gazprom will hold talks with Germany's E.ON Ruhrgas next week on developing a vast natural gas field in Western Siberia, the Russian energy giant's deputy chair said Tuesday.
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