Rolls-Royce has won a contract on gas compressor units’ supply for North Stream gas pipeline, which will link Russia and Germany.

Russian state corporation Zarubezhneft and Vietnam-based Petrovietnam agreed to purchase a 49% stake in Rusvietpetro joint venture.

Suzuki Motor Corp is the next Japanese car maker after Isuzu to suspend construction of its Russian plant over economic turmoil and several other problems.

42% of all employees in Russia said they felt insecure about their rights and interests being defended at work.

Russia’s GAZPROM has disproved Ukrainian President’s statement that Kiev’s gas debt to Moscow is settled.

During today’s trading session Urals oil blend plunged to US$36.53 – the minimum price recorded since January of 2005.

Gaz de France Suez (GDF Suez) considers an opportunity to enter the North Stream gas pipeline project as a minority shareholder.

Today an oil tanker has been loaded with first fuel supplies from the new export terminal designed to operate all year round.

Sinopec, one of the major petroleum companies in China, plans to expand business in Russia by acquisition of another oil asset in the country.

By the end of 2009 price on the Russian real estate market will plunge 47-60% in US dollars.