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[OS] Russia 091231
Released on 2012-10-19 08:00 GMT
|2009-12-31 09:41:38
Link: colorSchemeMapping
Russia 091231
Basic Political Developments
A. Prime-Tass: Jan 1a**Jan 10: New Year and Christmas holidays in
A. Russia Today: New Year is the expectation of a miracle a**
A. Kremlin: Dmitry Medvedev had a telephone conversation with
Prime Minister of Australia Kevin Rudd - Planned bilateral contacts at
various levels in 2010 were also discussed.
A. Xinhua: Chinese, Russian leaders exchange greetings on New Year
- Chinese President Hu Jintao and his Russian counterpart Dmitry Medvedev
on Thursday exchanged New Year greetings and formally launched the Year of
Chinese Language in Russia.
A. KyivPost: Twenty six Russian sailors will see in New Year in
pirates' captivity
A. Emportal.rs: Russian Ambassador delivers 15 tons of oil to
Counter-terrorist Unit - Russian Ambassador to Serbia Alexander Konuzin
delivered the donation of the Russian oil company Lukoil of 15 tons of
crude oil to the members of the Interior Ministry's Counter-terrorist Unit
A. VoA: Russia, US at Odds Over Future Asteroid Hit
A. Newdesignworld: Russiana**s Uranium Giant Tenex Will Launch
Children Nuclear Academy in USA - The goal is to improve education and
generating and enhancing the nuclear industry with a younger pool of
experts. The major thrust aimed at research in nuclear power and nuclear
technologies. Eligible recipients include both High School and
College/University students who have an aptitude for science and
technology. All scholarships/grants from JSC Techsnabexport (Tenex) are
limited to one year.
Itar-Tass: Russian govt promises additional allowances for medics in 2010
A. Russia Today: Bus attacked in Moscow
A. BBC: Ten years at the top for Vladimir Putin - Much has changed
in the 10 years since Vladimir Putin first became Russia's president. Now
serving as prime minister with a possible view to running for the
presidency again in 2012, James Rodgers assesses the rise and rise of the
spy who came to control the Kremlin.
A. Russia Profile: START As You Mean To Stop - A New START Treaty
Looks To Be On Course for January, But Further Nuclear Arms Cuts Are
A. Foreign Policy: Putin spoiling Obama's nuclear plans? -
Vladimir Putin deliberately threw a wrench into U.S.-Russian negotiations
over a follow-on to the START nuclear reductions treaty yesterday when he
explicitly linked the issue to U.S. missile-defense plans.
A. VoA: Arms Control: Key Issue Between Washington, Moscow - Arms
control is a key issue between Washington and Moscow. In this report from
Washington, Senior Correspondent AndrA(c) de Nesnera speaks with three
former senior U.S. government officials about arms control and the state
of U.S.-Russia relations.
A. BarentsObserver: Towards a new Cold War in the North? -
Norwaya**s foreign political and security political foundation both during
the Cold War and now creates predictability on both sides of the
Russian-Norwegian border, says Head of the Norwegian Barents Secretariat
Rune Rafaelsen.
National Economic Trends
A. Interfax: Russian international reserves at $437.7 bln in week
to December 25, down from $440.4 bln on December 18; Russian monetary base
up to 4487.6 bln rubles in a week to December 28 a** CB
A. Reuters: TABLE-Russia monetary base rises to 4.49 trln rbls
A. WSJ: Russia Ends Year With Low Inflation
A. Russia Today: The Russian retail year in review and outlook:
PricewaterhouseCoopers, Russia
Business, Energy or Environmental regulations or discussions
A. RIA: Communal tariffs in Moscow from January 1, will rise by
more than 25%
A. Reuters: Russian bank assets up at fastest pace in 10 mths
A. Bloomberg: Sberbank Computer Glitch Halts Plastic Card Payments
in Moscow
A. MarketWatch: Siemens wins Russian train order worth $832 mln
A. Interfax: RusAl posts $868 mln in net losses for H1, net profit
for 2009 forecast at no less than $434 mln
A. Bloomberg: Rusal Hong Kong Shares to Be Priced at Maximum of
HK$12.50 Each
A. Reuters: UPDATE 3-RUSAL plans up to $2.6 bln IPO; reports poor
A. Bloomberg: Rusal Plans to Raise as Much as $2.6 Billion in IPO
A. AFP: Rusal to raise 2.6 billion dollars in Hong Kong
A. Reuters: FACTBOX-Key parts of RUSAL IPO prospectus
Activity in the Oil and Gas sector (including regulatory)
A. Upstreamonline: Russia plans gas price hike
A. RIA: Ukraine to raise gas transit rate in 2010
A. Reuters: Belarus to pay cheap for Russian gas in Q1
A. Bloomberg: Sakhalin Energy Beats Targets for LNG, Crude Loading
A. The Financial: TNK-BP reduced the number of oil spills by 14%
in 2009
A. OilVoice: TATNEFT Discovered 16 Fields in 2009
A. IBTimes: Eurasia Drilling acquires Lukoil assets
Full Text Articles
Basic Political Developments
Prime-Tass: Jan 1a**Jan 10: New Year and Christmas holidays in Russia
Russia Today: New Year is the expectation of a miracle a** Putin
31 December, 2009, 05:41
Russian Prime Minister Vladimir Putin congratulates everybody on the New
a**We all await the New Year. Wea**ve waited because the New Year
expectation is associated with the expectation, at a minimum, of changes
and changes for the better, if not with the expectation of a miracle.
At the same time, if life consists of sparkling champagne, fireworks and
celebrations alone a** it would not bring full satisfaction either.
As a rule, life brings satisfaction if it is connected with overcoming
certain difficulties and with progress towards success through those
So my wish is that those problems should be in the nature of an applied
They should only be a path to success; while our successes should be
considerable and grandiose, and should really lead to an improvement in
our lives in all areas.
Happy New Year!a**
December 30, 2009 13:55
Kremlin: Dmitry Medvedev had a telephone conversation with Prime Minister of
Australia Kevin Rudd.
Mr Medvedev and Mr Rudd exchanged best wishes on the upcoming New Year and
passed on their best wishes to each othera**s peoples.
The two leaders discussed current issues of bilateral cooperation in
various areas and coordination of their work in international
organisations. They also exchanged views on the results of the recent UN
conference on climate change in Copenhagen and confirmed their readiness
to continue working together in this area.
Planned bilateral contacts at various levels in 2010 were also discussed.
Xinhua: Chinese, Russian leaders exchange greetings on New Year
2009-12-31 15:31:41
BEIJING, Dec. 31 (Xinhua) -- Chinese President Hu Jintao and his Russian
counterpart Dmitry Medvedev on Thursday exchanged New Year greetings and
formally launched the Year of Chinese Language in Russia.
Hu said in the greetings that the strategic partnership of cooperation
between China and Russia witnessed a high-level rapid development in the
year 2009.
Leaders of the two countries maintained close contacts and reached
comprehensive consensus in a series of key issues, said Hu.
The two sides held grand celebrations marking the 60th anniversary of
establishing diplomatic ties and lifted bilateral practical cooperation in
various fields to a new stage, said the Chinese president.
The Year of Russian Language in China in 2009 had brought about an
upsurge in bilateral personnel and cultural exchanges, said Hu.
The two countries had enhanced strategic coordination within a
multilateral framework, contributing actively to the promotion of regional
and world peace, stability and development, said Hu.
In the upcoming year, the two countries would launch a number of
important events on state affairs, said Hu.
He said China was willing to join Russia in further deepening
dialogue, coordination and cooperation at bilateral, regional and
multilateral levels.
China would cooperate with Russia to implement the Year of Chinese
Language in Russia, to provide impetus for the development of the
China-Russia strategic cooperative partnership and to turn a new page in
the Chinese-Russian good-neighboring friendship, comprehensive
cooperation, mutual benefit and common development, Hu said.
Medvedev said the strategic cooperative partnership, which had built a
lot of mutual trust between the two countries, was further strengthened in
2009 with the joint efforts of the two sides.
To mark the 60th anniversary of the establishment of bilateral
diplomatic ties, the two sides upgraded political relations, conducted
fruitful economic cooperation and carried out more effective coordination
on regional and global issues, said Medvedev.
The successful implementation of the Year of Russian Language expanded
personnel and cultural exchanges between the two countries and promoted
understandings between the two peoples, he said.
The Russian president believes the upcoming Year of Chinese language
will also contribute to the promotion of the traditional friendship
between the two peoples.
The two sides would maintain constructive dialogue on a series of
important bilateral and international issues on the basis of mutual trust,
which would certainly further push forward the Russia-China strategic
cooperative partnership, Medvedev said.
KyivPost: Twenty six Russian sailors will see in New Year in pirates'
Yesterday at 17:37 | Interfax-Ukraine
Twenty-six Russian sailors will most likely see in the New Year in Somali
pirates' captivity, the online Maritime Bulletin said on Dec. 30.
"Twenty-six Russian sailors are currently being held by Somali pirates,
including 23 from the tuna fishing vessel Thai Union 3, and three from the
tanker St. James Park," the bulletin said.
The UK-flagged tanker St. James Park was seized by Somali pirates in the
Gulf of Aden on December 29.
According to the Maritime Bulletin's earlier report, the vessel's crew
consisted of 26 sailors from various countries, including three Russians.
In was reported on Tuesday that negotiations on the release of the tuna
fishing vessel Thai Union 3, which was hijacked by pirates on October 29,
were stuck in a deadlock.
The Maritime Bulletin said earlier that the Thai Union 3 had 23 Russian
sailors on board.
Emportal.rs: Russian Ambassador delivers 15 tons of oil to Counter-terrorist
31. December 2009. | 06:37
Source: Tanjug
Russian Ambassador to Serbia Alexander Konuzin delivered the donation of
the Russian oil company Lukoil of 15 tons of crude oil to the members of
the Interior Ministry's Counter-terrorist Unit (PTJ).
Russian Ambassador to Serbia Alexander Konuzin delivered the donation of
the Russian oil company Lukoil of 15 tons of crude oil to the members of
the Interior Ministry's Counter-terrorist Unit (PTJ).
Konuzin pointed out that the symbolic gesture shows that Russian companies
come to Serbia as friends and that they work in the interest of both
sides.At the PTJ base in Barajevo, he said that Russian companies are
familiar with the problems Serbia and its people are facing and that they
are trying to help as much as they can.
Konuzin pointed to the importance of PTJ's activities saying that it is
thanks to their engagement that key work can get done - work on further
strengthening the relations and cooperation between the two countries.
Deputy Prime Minister and Interior Minister Ivica Dacic thanked the
Russian company for its now traditional donation to PTJ.
"We feel honored to have friends like you," he said pointing out that the
donation will be used for the benefit of Serbia and its citizens, but also
foreign companies doing business in the country.
Dacic stressed that PTJ is the best equipped and most highly trained unit
of the Interior Ministry, and that its members are the pillars of the
stability and security of Serbia.
VoA: Russia, US at Odds Over Future Asteroid Hit
MacKenzie Babb | Washington 30 December 2009
The threat of an asteroid crashing into Earth has captivated the
imaginations of movie audiences for years. Now, however, Russia is
working to develop a very real plan to counter such a threat.
The Russian space agency says it is working to prevent a large asteroid
from colliding with Earth. Voice of Russia radio reported the agency's
head, Anatoly Perminov, made the announcement Wednesday.
Without giving many details, Perminov said his agency is working on a way
to divert the path of the asteroid, named Apophis, without destroying it.
Voice of Russia says he invited scientists and experts from U.S. Space
Agency NASA, the European and Chinese space agencies to join the project.
NASA research scientist Dr. Paul Chodas specializes in the study of
near-Earth objects, or asteroids that may one day threaten civilization.
He says that while there are hazardous asteroids in our universe, NASA's
latest calculations put Apophis at having only a one in 250,000 chance of
hitting Earth by, or during, the 2030s as Perminov predicted.
He says that with more research, he expects the probability of the
collision to drop to zero. However, he says that other asteroids,
including those that have not yet been discovered, could pose more of a
risk and call for more research.
"The odds are very small that we will have a huge collision with the
Earth, but it's certainly worth keeping an eye on these objects and
ensuring that one is not going to hit any time soon. If one is headed for
the Earth, then we feel, if we have enough warning time, we have the
technology to divert the object. And that's what this proposal to develop
this technology is all about," he said.
Chodas also noted that an asteroid hitting Earth would affect people from
all parts of the globe, and praised Russia for suggesting international
collaboration on how to avoid such a collision.
Newdesignworld: Russiana**s Uranium Giant Tenex Will Launch Children
Nuclear Academy in USA
(NewDesignWorld Press Release Center) -- Gainesville, FL, September 03,
2009 -- Sigma Transnational, Techsnabexport (Tenex) North American
Associate Partner, announced today that Russiana**s Uranium Giant, Tenex,
will soon launch the Children Nuclear Academy in the Southeastern region
of USA. The USA southeastern corridor has a major cluster of nuclear power
plant operators including: Florida Power and Light (FPL), Southern
Nuclear, Entergy, Progress Energy, TVA, SCANA, Constellation Energy,
PSE&G, Dominion, South Carolina Electric and Gas, Duke Energy, Exelon,
Pennsylvania Power and Light, and First Energy.
The Russian Children Nuclear Academy project was launched in Russia in
January 2002 on the initiative by the Institute of Pandeia textbook and
Educational Society public association. See additional information at
Since 2003, the JSC Techsnabexport (Tenex) has been the chief sponsor of
the annual Russian scientific and educational projects so-called the
a**Power of the Futurea** contest. In 2006, Tenex started sponsoring the
International contest. Generally, the contest is organized by the
Autonomous non-commercial organization Center for Specialist Training in
nuclear physics and nuclear power A<<Nuclear AcademyA>>. The goal is to
improve education and generating and enhancing the nuclear industry with a
younger pool of experts. The major thrust aimed at research in nuclear
power and nuclear technologies. Eligible recipients include both High
School and College/University students who have an aptitude for science
and technology. All scholarships/grants from JSC Techsnabexport (Tenex)
are limited to one year.
As part of Techsnabexport (Tenex) social responsibility, Tenex supports
education, charity and other community involvement. The a**Power of the
Futurea** contest is one of the many programs Tenex supports that spans
the breath and depth of social, cultural, educational, strategic
partnership, and investments in future.
Itar-Tass: Russian govt promises additional allowances for medics in 2010
31.12.2009, 00.44
MOSCOW, December 31 (Itar-Tass) - The Russian government envisions more
allowances to doctors, nurses, paramedics and ambulance personnel in 2010,
Russian Minister of Public Health and Social Development Tatyana Golikova
said at a government meeting on Wednesday.
"Budget 2010 allocates 144.4 billion roubles for the implementation of the
national project in the field of health care," Golikova said, adding that
"special attention will be paid to the support of the so-called "district
The relevant resolutions have already been submitted to the Cabinet,
according to which "district service" allowances for doctors and nurses
will make up, respectively, 10,000 roubles and 5,000 roubles.
Paramedics and obstetric centers staff are entitled to 6,000 roubles and
3,000 roubles, respectively. The budget earmarks 30 billion roubles for
this purpose next year.
In all, some 160,300 doctors and nurses are entitled to such payments, up
6 percent compared with 2009. The payments of 6,000 and 3,000 roubles will
be delivered to over 140,000 ambulance- and medical and obstetric centers
Russia Today: Bus attacked in Moscow
31 December, 2009, 09:29
A scheduled bus was attacked by gunfire in Moscow on Thursday night,
according to Itar-Tass news agency.
A bus driver called police in the night and said he heard some shooting.
Later he noticed two holes on the rear window of the bus.
According to the driver, police concluded the attacker, or attackers, used
air-guns. No one was hurt in the incident. An investigation is underway.
BBC: Ten years at the top for Vladimir Putin
Page last updated at 00:16 GMT, Thursday, 31 December 2009
Much has changed in the 10 years since Vladimir Putin first became
Russia's president. Now serving as prime minister with a possible view to
running for the presidency again in 2012, James Rodgers assesses the rise
and rise of the spy who came to control the Kremlin.
Cast your mind back to 31 December 1999. In Moscow, it is the last day of
a century that has seen revolution and the collapse of communism.
Everyone in the Russian capital is waiting for reassurance from regions
further east, where the new millennium has already started, that Russia's
nuclear power stations are still safe - now that the date on their
computers has changed to 2000.
The main news of the day comes as a surprise.
Boris Yeltsin, Russia's first post-Soviet leader, announces his
Vladimir Putin takes over as acting president.
There is war in Chechnya.
The economy is still reeling from Russia's defaulting on its debt a year
Tough, and rough
Mr Putin "came into a virtual failed state", says Sergei Karaganov, a
former advisor to Mr Yeltsin, and now dean of Moscow's Higher School of
He has watched both Mr Putin, and Russia, change.
"He is bright, even brilliant, very tough, sometimes rough. He is a street
boy turned into a very sophisticated political functionary and
This description sums up Vladimir Putin's great versatility as a
politician: he can seem equally comfortable wearing an expensive suit and
discussing economic issues with world leaders, or sharing a joke with
soldiers and speaking their slang.
He has divided the opinion of those who have lived through his 10 years at
the top.
Many ordinary Russians - and, of course, Russia's new super-rich - thank
him for bigger paycheques. Others see this as having come at too high a
cost to political and press freedom.
Calm after chaos?
One of Vladimir Putin's first moves was to appoint Mikhail Kasyanov as his
prime minister. Today, Mr Kasyanov is Mr Putin's implacable opponent.
"He was, and is, an old KGB officer who leads, or tries to evaluate all
events and future from that angle: how to control society, how not to
allow people to directly participate because that brings risks," says Mr
Kasyanov of his former boss.
Konstantin Kosachev, chairman of the Russian parliament's foreign affairs
committee, disagrees.
He puts Mr Putin's political success down to an electorate fed up with the
chaos it associated with Russia's immediate post-Soviet democracy.
"[They] believed... that one needs to have a strong leader. And then Mr
Putin appeared, and he was immediately supported by very many Russians who
still had expectations for life changing for the better.
"This is how Mr Putin from the very beginning of his era received very
strong support from society, from the Russian citizens."
At times he has needed it - dealing with incidents like the sinking of the
Kursk nuclear submarine in 2000; the Moscow theatre siege two years later;
the killings of Beslan schoolchildren in 2004.
The arrest, and subsequent jailing, of Mikhail Khodorkovsky, who was once
Russia's richest man, has been one of the most controversial cases of the
Putin era.
Tense relations
In 2006, Russia held the G8 presidency. Vladimir Putin welcomed world
leaders to his home town, St Petersburg.
The country felt it was reclaiming the superpower role it had lost with
the demise of the Soviet Union. Still, under Mr Putin, Russia's relations
with the West have at times been tense. The eastward expansion of Nato has
infuriated Moscow.
Russia's war with Georgia saw the United States and many European
politicians support Georgia.
"Russia has emerged for the West as something very alien, and it's not
really a partner, it's not a threat, and the relationships are very
ambiguous," says Oksana Antonenko, a Russia expert at the International
Institute for Strategic Studies in London.
She believes, though, that Mr Putin has already done enough to guarantee
his legacy.
"Putin certainly has already assured himself a very favourable place in
Russian history," she suggests.
"Fifty, 100 years, 200 years from now he will be seen in Russian history
as the man who saved Russia from the brink of collapse."
Sergei Karaganov sees a more complicated picture.
"The cost of progress became higher and higher: blatant corruption,
over-centralisation, and a decrease of incentives for economic growth," he
"If that is reversed somehow in the next several years, he will be seen as
a controversial, but a great politician.
"If not, we will be facing a decline, and he will then be seen as a person
who was relatively successful but then failed."
December 30, 2009
Russia Profile: START As You Mean To Stop
By Tom Balmforth
Russia Profile
A New START Treaty Looks To Be On Course for January, But Further Nuclear
Arms Cuts Are Unlikely
Russian Prime Minister Vladimir Putin on December 29 warned that Russia
must develop offensive arms to balance against the United Statesa**
missile defense system (MDS), and also blamed the former Cold War rival
for delays in agreeing on a successor to the out-of-date Strategic Arms
Reduction Treaty (START). Only six months into the a**reset,a** Putina**s
defiant comments stand out from the current phase of warmer rhetoric
between the two sides. And the Western press was quick to suggest that the
statements could complicate a resolution on a new START. But are the
comments really a substantive departure from Russiaa**s usual line on
missile defense issues?
a**Having established for themselves a shield against our offensive
weapons systems, our partners will feel completely securea*|Then our
partners will be able to do anything they want. Aggression will
immediately increase both politically and economically. The balance will
be broken,a** Putin said on Tuesday in Vladivostok during his tour around
Russiaa**s Far East. a**To preserve the balance we must develop offensive
weapons systems, not MDSs as the United States is doing,a** he said.
So how serious a problem is this for Russia? a**It has to be said that the
picture painted here by Putin does not relate too much to reality. The
prime minister has shown that he subscribes to the theory of a**expanded
containment,a** the idea that nuclear parity between Moscow and Washington
will help Moscow achieve objectives beyond the realm of security. But the
only trouble is that there has not been this parity in a long time,a**
said Aleksandr Golts, a military analyst and the deputy editor of Russian
news weekly, Yezhenedelny Zhurnal. The United States has around 1,100
strategic carriers versus Russiaa**s 600, so it is not a question of
American MDS, said Golts. a**Putin is not comfortable talking about the
American advantage in carriers a** it could occur to some observer to ask
why during Putina**s ten years at the helm, during those years of good oil
sales, they didna**t get round to manufacturing new missiles,a** Golts
When journalists asked Putin on December 29 why a replacement to the 1991
START treaty had not been signed as planned by December 5, Putin said the
problem was that a**our American partners are building an anti-missile
shield and we are not building one.a** The Obama administrationa**s
September decision to shelve plans for an MDS in the Czech Republic and
Poland was praised by the Kremlin, but now Russian officials are saying
they want to know more about plans for a sea-based replacement interceptor
system. a**They should provide us with all the information on their MDS,
and then we will be ready to provide some information on our offensive
weapons,a** Putin said yesterday.
The US State Department reacted quickly to Putina**s provocative
statements, issuing a statement later that day, in which it played down
the impact of the MDS on a new START treaty. a**While the United States
has long agreed that there is a relationship between missile offense and
defense, we believe the START follow-on agreement is not the appropriate
vehicle for addressing it,a** ran the statement.
The prime minister was technically operating beyond his remit by
concerning himself with foreign policy, which is meant to be the exclusive
preserve of Russiaa**s president. So was Putin giving his protA(c)gA(c) a
gentle nudge in the ribs to remind him who is really running the show?
a**I think, on the whole, Putin has shown respect for Medvedeva**s
authority and does not intervene much in foreign policy but sometimes he
likes to remind everyone that he is still in charge, that he is the most
influential boss in the country, and not the president,a** said Fyodor
Lukyanov, editor in chief of Russia in Global Affairs.
Putina**s comments have grabbed headlines both domestically and
internationally, partly because of their defiant tone, which stands out
from the more friendly rhetoric of the two sides since the a**reseta** in
July. But in terms of substance, they are in fact entirely in line with
Russiaa**s policy on strategic weapons. a**Really, Putin did not say
anything new,a** Lukyanov said. Firstly, he went on, a**Russia has for a
long time linked offensive and defensive strategic elements, especially
since the United States withdrew from the Anti-Ballistic Missile Treaty in
2001. In fact, the connection between missile defense and strategic arms
was in general recognized by both the U.S. and Russian presidents in
July.a** Secondly, even if Moscow does start to develop new strategic
weapons, Russia will still be able to honor the commitments of a new
START. a**You can cut overall potential but also develop the rest a**
ita**s not necessarily going against the ongoing negotiations,a** said
A series of meetings this year between Obama and Medvedev, including one
on the fringes of the Copenhagen summit at the beginning of December, have
failed to produce a new treaty. Lukyanov said he thought that negotiators
meeting in mid-January would finalize a new START. But he stressed that
the modest cuts proposed by the new nuclear arms reduction treaty are
mainly of symbolic importance and the signatures on the treaty are only
really emblematic of cooperation between two former enemies. As for
fulfilling Obamaa**s dream of a nuclear-free world, or even negotiating
more significant cuts, Lukyanov said success was unlikely, as Putina**s
comments yesterday made abundantly clear.
a**I think the Obama administration would like to start discussing further
cuts. But I think the next stage of negotiations will be completely
different. For Russia to make cosmetic cuts to symbolize cooperation,
thata**s one thing, but to continue and go beyond those cosmetic cuts,
ita**s completely different because that might really change the strategic
balance,a** he said. a**Beyond the modest cuts under discussion now, there
is not much that can be expected from the Russian side,a** Lukyanov
concluded. v:shapes="_x0000_i1027">
Foreign Policy: Putin spoiling Obama's nuclear plans?
Posted By Josh Rogin Wednesday, December 30, 2009 - 3:57 PM
Vladimir Putin deliberately threw a wrench into U.S.-Russian negotiations
over a follow-on to the START nuclear reductions treaty yesterday when he
explicitly linked the issue to U.S. missile-defense plans.
But what's not mentioned in these otherwise excellent articles by the New
York Times' Ellen Barry and the Washington Times' Eli Lake on the
development is that the prime minister's comments directly contradict the
July 6 joint statement of U.S. President Barack Obama and Russian
President Dmitry Medvedev, who made it clear that missile defense would be
dealt with separately from the START follow-on talks.
Moreover, in their July 8 Joint Understanding, the carefully negotiated
compromise was spelled out. The START follow-on would include "a provision
on the interrelationship of strategic offensive and strategic defensive
arms," nothing more, nothing less. Multiple senior administration
officials have told The Cable that this compromise was well understood to
mean that missile defense would be delinked from the START negotiations --
and that was the assumption the American team led by Rose Gottemoeller was
working under.
Some on the Obama team are now suggesting they have already factored in
these types of games coming from the Russian side.
"This is not unexpected and negotiations will resume in mid-January as we
have said they would," said an administration source familiar with where
things stand.
So what's going on? Well, there are two schools of thought among Russia
experts. One is that Putin's comments represent a clear difference between
his view of U.S.-Russia relations and Medvedev's. Medvedev, who is
supposed to be in control of foreign policy, is more conciliatory and
wants genuine rapprochement, the argument goes, whereas Putin ... not so
Under this theory, there are two power structures in Moscow and they are
jockeying for control. But even in this analysis, time and time again,
Putin seems to win the day by making the final decision.
"Perhaps there is a power struggle, but if there is, it's being
overwhelmingly won and controlled by Putin's faction," said Alexandros
Petersen, senior fellow at the Atlantic Council. "Supposedly the idea was
that Medvedev would tackle these types of issues. But then all the sudden
Putin steps in and completely undermines him. Every time the going gets
tough, Putin steps in and takes the reins."
The competing theory is that Putin and Medvedev are working somewhat in
lockstep, again with Putin calling the shots and benefiting from the
illusion of a power split. For Putin, it's useful to have Medvedev out
there as the nice guy (aided by the fact that he may genuinely want to
cooperate), setting up a good cop/bad cop routine. That catches Western
officials off guard and makes it convenient for Putin because he can wait
until negotiations with Medvedev play out and then make his move at the
eleventh hour.
The bottom line is that the START talks now seem to be at an impasse.
Since the administration doesn't deal directly as much with Putin's
faction, resolving the dispute is problematic. And although the Obama team
denies that its adjustment of plans to deploy missile defense to Poland
and the Czech Republic was a concession to Russia, it would be a tough
sell domestically to make any further concessions on missile defense and
still get START ratified in the Senate.
So what can the administration do? Petersen recalls a similar incident
when Ronald Reagan was negotiating the original START agreement with
Soviet leader Mikhail Gorbachev in Reykjavik. Gorby demanded that START be
linked to U.S. missile defense and Reagan said it was not negotiable and
walked out of the room.
"The result of Reagan taking a hard line was that it wasn't linked from
the beginning," said Petersen.
More broadly, the question is: What do the current problems with the START
process say about Obama's pledge to reset relations with Russia? Perhaps
that Russia is looking at the long term and isn't confident that Obama's
overtures will be continued by successive administrations.
"They view Obama as somewhat of an anomaly in U.S. foreign policy, and
START is for decades," Petersen said.
For the U.S. side, this might also change the calculation about giving
Russia concessions before a negotiation is near completion.
"You give them a finger and they take an arm," said Petersen. "With this
statement [from Putin], the debate has shifted completely."
"It would certainly make the treaty dead on arrival in the Senate," said
one senior GOP Senate aide, who added that senators will be watching to
make sure the Obama administration won't cut any side agreements involving
the missile-defense program.
VoA: Arms Control: Key Issue Between Washington, Moscow
Both sides say they will abide by the treaty provisions until a new accord
is reached.
30 December 2009
Andre de Nesnera | Washington
Arms control is a key issue between Washington and Moscow. In this report
from Washington, Senior Correspondent AndrA(c) de Nesnera speaks with
three former senior U.S. government officials about arms control and the
state of U.S.-Russia relations.
Many analysts agree that during the eight years of the Bush
administration, U.S.-Russia relations steadily deteriorated. And experts
wondered whether President Barack Obama would reverse that downward trend.
Only weeks after Mr. Obama was inaugurated, Vice President Joe Biden
answered that question in a speech to an international security conference
in Munich, Germany.
"It's time - to paraphrase President Obama - it's time to press the reset
button," he said. "And to revisit the many areas where we can and should
be working together with Russia."
Experts say that speech set a new, positive tone for relations between
Washington and Moscow.
Former National Security Adviser Brent Scowcroft describes the current
relationship as "prickly, but improving."
"The whole notion, the 'reset button,' is psychologically the right thing
to do," he said. "Our relationship has been increasingly souring for a
number of years now and it's important to turn it around. And I think
we're on the verge now."
The two sides are working on a follow-on agreement to the 1991 Strategic
Arms Reduction Treaty, or START 1, which expired on December 5. But both
sides say they will abide by the treaty provisions until a new accord is
At a July summit in Moscow, President Obama and his Russian counterpart,
Dmitri Medvedev, agreed on the basic terms of a new treaty. They said
they will reduce their countries' arsenals of strategic nuclear warheads
as well as delivery systems, such as missiles and long-range bombers.
The START 1 treaty also has strict verification provisions that many
experts say must be included in any follow-on accord.
One of those experts is former Defense Secretary James Schlesinger.
"The real question is the details," he said. "As you know, to this point,
the START treaty has included verification of, in particular, what the
Russians have been doing with regard to their offensive forces and their
production complex. And we certainly are interested in seeing a
continuation of the verification process."
Many experts say Moscow wants to have less intrusive verification
procedures put into the follow-on to the START 1 treaty, while Washington
wants stronger measures.
Former Secretary of State [1992] Lawrence Eagleburger says the Russians
are tough bargainers.
"The Russians are now, for instance, on the nuclear issues that have
bedeviled us in the past, the Russians have, I gather, recently toughened
their stance on some of those questions," he said.
"And under those circumstances, well in fact this administration, this
regime - because it's so anxious to work a relationship with the Russians
- may in fact make some compromises that I think would be very unwise," he
Those compromises, says Eagleburger, could be in the form of lax
verification provisions.
But other experts say that because any treaty must be ratified by the U.S.
Senate, every provision will be scrutinized very carefully - especially
the one dealing with verification. The treaty must also be ratified by
the Russian parliament, or Duma. But analysts say that is a foregone
BarentsObserver: Towards a new Cold War in the North?
Norwaya**s foreign political and security political foundation both during
the Cold War and now creates predictability on both sides of the
Russian-Norwegian border, says Head of the Norwegian Barents Secretariat
Rune Rafaelsen.
The term a**Cold Wara** has reappeared in the relationship between East
and West, this time more specific in Russiaa**s relation to USA and NATO,
Rafalelsen says in a chronicle in the newspaper Nordlys today.
During the first Cold War, Norway was the only European NATO state with a
direct border to the Soviet Union and the Warsaw Pact. Norwaya**s security
policy was safely ensured through its membership in NATO. The country is
still a strong and reliable NATO member, but the situation has changed
dramatically both within Russia and in states that were formerly allied
with the Soviet Union.
If a new Cold War will have implications in the northern areas depends not
so much on how Norway is to act bilaterally with Russia, but rather on how
NATO chooses to approach Russia on the international arena, Rafaelsen
Says. If relationships between Russia and NATO/USA should develop in a
negative direction, it could have consequences for the positive and open
cooperation that Norway has with Russia on all areas.
Surrounded by NATO
Former President of the Soviet Union Mikhail Gorbachev in connection with
the 20th anniversary of the fall of the Berlin Wall that the only one
thing that had disappointed him in these 20 years was NATO's eastwards
expansion. No-one should be surprised when Kremlin feels surrounded by
NATO, Rafaelsen says. When Richard Hoolbrooke calls Ukraine "our core zone
of security", it can only be seen as a provocation and an attempt to
prepare the ground for a new cold war from the Russian's point of view.
A stable border
For Norway it is of the uttermost importance to have a stable and
predictable neighbor in the north. A destabilized Russia is nothing Norway
or the rest of the world wants. The terms globalization and geopolitics
have only meaning for Norway in a Russian context, Rafaelsen states.
The border between the Soviet Union/Russia and Norway has never been
characterized by conflict. Our foreign political and security political
foundation both during the Cold War and now creates predictability on both
sides of the border.
Military cooperation
Military cooperation The Norwegian Defense leads a comprehensive and trust
creating cooperation with its Russian counterparts. This concerns
cooperation between Coast Guard services, fleet visits and mutual
inspections. In many ways the military cooperation between Norway and
Russia is the best proof that the Cold War is over in the Northern areas.
Russia recently hosted the fourth joint Russian-Finnish-Swedish-Norwegian
rescue exercise Barents Rescue 2009.
One of the most exciting events planned for 2010 is a joint
Norwegian-Russian naval exercise called a**Pomora**, where naval forces
from the two countries will be training on protection of oil and gas
installations in the Barents Sea. The scenario includes a terrorist attack
on the Shtokman gas field and on tankers transporting liquefied natural
gas from Teriberka, the future location for the LNG plant for the gas from
the Shtokman field.
The Barents Cooperation
The Barents Cooperation and the people-to-people diplomacy in the North is
Norway's most important peace project. Through wide-ranging multilateral
and bilateral cooperation Norway has achieved establishing good relations
with Russia on important areas like management of natural resources,
business and culture. Traces of the Cold War can still be found in certain
communities and ministries, but the climate for cooperation has never been
better, Rafaelsen underlines.
National Economic Trends
Interfax: RUSSIAN INTERNATIONAL RESERVES AT $437.7 BLN IN WEEK TO DECEMBER
RUSSIAN MONETARY BASE UP TO 4487.6 BLN RUBLES IN A WEEK TO DECEMBER 28 a**
Reuters: TABLE-Russia monetary base rises to 4.49 trln rbls
Dec 31 (Reuters) - Russia's monetary base rose to 4.49 trillion roubles on
Dec. 28 from 4.35 trillion roubles a week earlier, the central bank said
on Thursday.
It provided the following details.
Date monetary base
(bln roubles)
Dec 28 4,487,6
Dec 21 4,353.0
Dec 14 4,246.4
Dec 7 4,154.7
Nov 30 4,103.5
Nov 23 4,157.7
Nov 16 4,133.8
Nov 9 4,081.3
Nov 2 4,049.7
Oct 26 4,101.6
Oct 19 4,095.9
Oct 12 4,047.0
Oct 5 3,988.3
Sept 28 4,026.8
Sept 21 4,055.4
Sept 14 4,039.3
Sept 7 3,990.9
Aug 31 3,976.4
Aug 24 4,078.6
Aug 17 4,076.5
Aug 10 4,023.5
Aug 3 3,985.7
July 27 4,059.6
July 20 4,083.6
July 13 4,055.8
July 6 3,986.6
June 29 3,988.4
June 22 4,007.3
June 15 3,975.8
June 8 3,883.5
June 1 3,857.4
May 25 3,893.9
May 18 3,871.7
May 12 3,848.2
May 4 3,820.2
April 27 3,820.9
April 20 3,825.7
April 13 3,772.0
April 6 3,710.1
March 30 3,729.8
March 23 3,759.6
March 16 3,751.5
March 10 3,741.4
March 2 3,715.9
Feb 24 3,781.8
Feb 16 3,741.2
Feb 9 3,707.5
Feb 2 3,755.4
Jan 26 3,896.1
Jan 19 4,066.2
Jan 12 4,218.7
Jan 1 4,391.7
Dec 29 4,283.1
Dec 24 4,016.6
Dec 25 3,002.0
NOTE - Monetary base comprises cash in circulation and commercial banks'
deposits at the central bank.
To see more detailed historical data on Russia's monetary base you can go
to www.cbr.ru/eng/main.asp Keywords: RUSSIA BASE/ (Moscow Newsroom, +7495
775 1242, email@example.com)
WSJ: Russia Ends Year With Low Inflation
By IRA IOSEBASHVILI
MOSCOW -- Russian consumer prices were flat for the week to Dec. 28, data
released by the Federal Statistics Service showed Wednesday, bringing
Russia closer to achieving one of its lowest annual inflation readings
this decade.
Consumer prices are up 8.8% since January, compared with a rise of 13.3%
in the corresponding period last year.
Inflation is expected to be just below 9% in 2009, one of the lowest
readings in Russian post-Soviet history. The economy ministry predicts
inflation of up to 7.5% in 2010, a post-Soviet record.
Before the financial crisis intensified last autumn, inflation was
Russia's chief economic headache. During the 1990s, the country saw
double- and even triple-digit price increases amid drastic economic
changes and currency devaluation.
Prices also rose quickly during Vladimir Putin's presidency earlier this
decade as the skyrocketing price of oil, Russia's main export, brought in
flows of petrodollars, forcing the central bank to print money to prevent
ruble appreciation. As recently as 2008, inflation ended the year at
Lower inflation this year has allowed the central bank to cut the
refinancing rate by 4.25 percentage points to a record low 8.75% to
stimulate lending and stem the appreciation of the ruble. The rate cuts
will continue into 2010 as long as inflation remains under control, the
central bank has said. It has also kept prices from rising on key consumer
goods, averting social disturbances that were feared at the start of the
But while lower consumer prices have played into the government's hands,
the lower inflation can be attributed more to the effects of Russia's
first recession in a decade, which saw $130 billion of capital leave the
country, rather than any central-bank policies, analysts said.
"There is absolutely no credit that can be given to the central bank
here," said Vladimir Osakovsky, chief strategist at UniCredit. "The huge
economic slump led to capital flight and a shrinking of the money supply.
The government was predicting 12% inflation at the start of the year."
Earlier Wednesday, the economy ministry said Russia's economy may grow as
much as 6% next year if measures for economic modernization and combating
the effects of the economic crisis are implemented.
Among the problems that would have to be dealt with are a lack of bank
lending and improving the competitiveness of Russian products abroad in
view of a strengthening ruble, the ministry said. The ministry officially
forecasts 3.1% gross-domestic-product growth in 2010.
Although rising oil prices have helped Russia's economy technically emerge
from recession this year, key areas like manufacturing and construction
have been slow to revive. Unemployment, which was a higher-than-expected
8.1% last month, has continued to be a problem.
The economy grew a quarterly 1.9% in the fourth quarter of 2009, according
to the ministry, Interfax reported earlier Wednesday. This is in line with
an expected contraction of about 8.7% for the year, Russia's sharpest GDP
decline since 1994.
Russia Today: The Russian retail year in review and outlook:
PricewaterhouseCoopers, Russia
30 December, 2009, 14:05
2009 has been a tough year for Russian retailers with the economic
downturn trimming demand. RT Business spoke with Dale Clark
PricewaterhouseCoopers Retail & Consumer Practice Leader, about the year
and the outlook.
RT: What is your forecast for 4Q 2009?
DC: "If we exclude the sales of automobiles, we expect retail sales to
increase in Rouble terms by approximately 5%. The reason we exclude
automobiles is that in the last quarter of 2008 there was a large increase
in sales of vehicles prior to the new customs duties coming into place and
that secured total retail sales."
RT: Do you expect a sales boost ahead of New Year 2010?
DC: a**We are expecting a boost in sales ahead of the New Year, primarily
because the crisis had started last year, having the biggest impact in
October a** November. This year we expect retail sales in Russia to go up
by 10% compared to the same period in 2008.a**
RT: What is your forecast for 2010?
DC: "For 2010 we are expecting a slow growth for total retail sales, both
in Rouble and US Dollar terms. Thata**s on the basis that we dona**t
expect any unusual currency fluctuations and, I think, Russiaa**s retail
market will grow by approximately 3% year on year in 2010.a**
RT: Which sectors, do you think, will grow the fastest?
DC: a**We are going to see growth in almost all retail sectors, and
probably the best way to answer this question is to say which sectors
wona**t grow well next year. We dona**t expect a fast return in luxury and
premium sectors, they wona**t grow as quickly as medium and discount
"Durable goods, such as consumer electronics and appliances will continue
to have a difficult year in 2010, with real growth coming into that
segment only in late 2010. And this is just because of the nature of such
purchases which tend to be expensive, and during difficult times people
logically hesitate before making such a commitment.a**
RT: What factors will have an impact on the retail market in 2010?
DC: a**I think consumer confidence will be a key factor next year, because
when people are confident about the economy they are more willing to
spend. Linked to that will be confidence in the exchange rate and interest
rate. If interest rates continue to decline, then some liquidity will come
back to the consumer market. This is quite logical because people will be
able to repay their current borrowings, and with more money in their
pockets, will be able to spend more on other goods.
"Also the consumer interest rate is important, as a person wona**t buy a
car, for example, if the rate may go up to 25 or 30%. So, uncertainty is
going to be a drag on growth for the retail market in 2010. And it will
take at least half a year for consumer credits to become available
a**2010 should be a better year for everybody with sustainable growth."
RT: Whata**s your forecast for inflation in 2010?
DC: a**The inflation will naturally come down in Russia next year because
of stable and declining prices internationally.
"Generally, we tend to agree with the general forecast that the inflation
will drop during 2010 and should remain below double digits. That will
assist overall growth but not that dramatically.a**
RT: What will drive inflation down next year?
DC: a**With extremely low inflation in North America and in Europe, any
goods imported into Russia a** which is a substantial amount a** wona**t
import inflation as well. The pricing increase factors within Russia are
substantially reduced. The growth of many supplies are at a very low rate
at the moment and the demand for credit sales is extremely low, which
drives inflation, and industrial production is very low, so we dona**t see
producers with capacity constraints increasing prices. So all the factors
that would normally drive prices up are not a real risk at the moment, and
inflation should come down.
"One of the factors during recent years was a rapid increase in peoplea**s
salaries, so there was a lot of salary inflation in Russia. In 2010 it
shouldna**t return to the same levels as those prior to the crisis.a**
"Lower inflation was also the result of a lower consumer demand as well as
lower imported inflation. Also, strengthening Rouble and firm or declining
prices in Dollar terms for basic commodities. So, if you look at prices of
some commodities, for example agricultural commodities, youa**ll see that
theya**ve been stable over the last 6 months. And as long as those prices
dona**t increase, Russia wona**t suffer from imported inflation."
RT: How will lower inflation influence the retail market?
a**Generally speaking, I think, inflation wona**t have an impact on
Russiaa**s retail market. Neither positive nor negative.a**
Business, Energy or Environmental regulations or discussions
RIA: Communal tariffs in Moscow from January 1, will rise by more than 25%
Topic: Increasing utility rates in Moscow in 2010
09:20 31/12/2009
MOSCOW, December 31 - RIA Novosti. The authorities in Moscow from January
1, 2010 approved the new list price to pay for heat and gas, electricity,
heating, maintenance and repair of housing - from an average New Year,
Muscovites will have a monthly pay 26% more than in 2009.
Communal tariffs and electricity in Moscow will continue to grow -
"The growth rate depends on inflation. In Moscow, prices rise every year.
In the course of implementing the budget for next year's rates will not
rise more," - the first deputy mayor of capital Jury Roslyak.
Originally planned to raise fares by 44%, but the financial and economic
crisis has made some corrections.
"From the figures 44% we were able to go to the average figure of 26%", -
said Roslyak.
He said that city officials will continue to help the Muscovites with
payment of utility bills. In particular, 20% of the cost of heat will pay
for the capital.
"At this from the city budget is about 15 billion rubles. The population
pays 80%", - explained Roslyak.
Social recruitment
Rents for Muscovites, who took shelter under a contract of social rent,
with January 1, 2010 increased on average by almost 20%. Residents of
apartment buildings with all amenities, a lift and refuse chutes with the
new year will have to pay 5.08 rubles per square meter instead of the
previous 4.24 rubles. Rents in houses with all modern conveniences without
elevator and garbage since January has increased from 3 rubles 72 kopecks
to 4 rubles 45 kopecks.
Maintenance Shelter
Rates for maintenance of residential buildings in Moscow for the tenants
and owners of residential properties in the houses without the TSG and
several others from 1 January 2010, compared to the Year 2009, has grown
by about 8-10%.
For example, the fee rate for maintenance and repair of houses with all
amenities, with lift and refuse chutes for residents of apartments on the
first floor will increase from 7.14 rubles to 7.84 rubles per square
meter, while the second and subsequent floors - from 8.2 rubles to 9
Residents of all apartments in buildings with all amenities, but no
elevator and garbage chute on 1 January will be paid 7.32 rubles instead
of 6.66 rubles per square meter, and in old and dilapidated houses - 4,37
rubles against the current 3.98 rubles. Maintenance maloetazhek with the
new year will cost the Muscovites to 7.26 rubles per square meter.
Electricity tariff in 2010 for consumers with gas stoves to increase by
14.61% and 3.01 rubles instead of the previous amount to 3.45 rubles per
kilowatt-hour. Those Muscovites who use the electric stove, will be forced
to overpay 14,69% per month - instead of 2.11 rubles to give 2,42 rubles
per kilowatt-hour.
According to the decision of the Regional Energy Commission Moscow, the
cost of cold water for Muscovites, on average increased by 28.4% in 2010
compared with Year 2009 - cubic meter of cold water to the population
would cost 19.85 rubles, VAT included. This year, Muscovites paid per
cubic meter of cold water 15,45 rubles.
Fees for services of hot water for Muscovites will grow slightly less in
2010 compared with Year 2009, namely 25,3%. For residents of homes that
are not installed meters, hot water will rise in price in 2010 compared
with Year 2009, at 25.33% - from 354.3 rubles to 444.06 rubles per person
per month including VAT.
For those Muscovites who monitor water consumption and cross-checked with
the enumerators in the house, hot water services in 2010 will cost on
25,32% more expensive - not 74.67 rubles per cubic meter, as earlier, and
93.58 rubles.
In 2010, Muscovites have to pay for heating by 26.79% more - 19,04 rubles
(in homes without meters). Gas meters and without the presence of gas
cookers and centralized hot water supply from Jan. 1, 2010 and increases
of 20.98% - from 24.3 rubles to 29.04 rubles.
The cost of servicing an intercom system in Moscow from one tenant to grow
in 2010, compared to the Year 2009, by 11,8%, to 57 rubles.
From 1 January 2010 for the maintenance of an intercom system from one
subscriber to the VAT will take 57 Br. The cost of servicing the automatic
locking device with an electromagnetic lock is set at 42 rubles.
Maintenance of mechanical combination lock will cost residents in 24 of
the ruble.
The interviewee recalled that in 2009 the Muscovites were paying 51 A-c-
per service Intercom, 38 - for locking devices, and 21.8 rubles - for the
maintenance of the mechanical lock.
Reuters: Russian bank assets up at fastest pace in 10 mths
Wed, Dec 30 2009
MOSCOW, Dec 30 (Reuters) - Russian banks' assets rose at their fastest
rate in 10 months in November and lending to companies picked up, data
showed on Wednesday, in a further sign that the sector is slowly
recovering from the financial crisis. Banking assets rose 2.5 percent in
November and their capital increased for the third consecutive month,
albeit at a slower rate than in October, according to central bank data.
In return, banks stepped up lending to non-financial companies by 0.3
percent -- after six consecutive months of loan portfolios sliding down.
That should provide some cheer to the central bank and other officials,
who have called on the sector to lend more to the real economy to help it
out of recession. [ID:nLDE5BR0PR]
However, banks' retail loan portfolios shrank for a 10th month in a row,
possibly in part due to consumers' unwillingness to borrow while
unemployment remains high.
Reflecting banks' ongoing risks, non-performing loans (NPLs) picked up
slightly on the month to stand at 5.2 percent of the total loan portfolio
as of Dec. 1.
The central bank regards an NPL ratio of 10 percent as a key line in the
sand for the banking system.
However the monthly pace of bad loan growth eased to around 3.9 percent
from 4.4 percent in the previous period. Russia's biggest lenders Sberbank
<SBER03.MM> and VTB <VTBR.MM> expect bad loans to peak in the first half
of 2010.
People's confidence in banks, meanwhile, continued to recover, following a
shaky period in autumn 2008 at the height of the crisis and controlled
rouble devaluation.
Retail deposits rose to their highest level this year, and the rouble's
share increased, reflecting greater faith in the national currency.
(Writing by Toni Vorobyova; Editing by Dmitry Sergeyev and David Cowell)
Bloomberg: Sberbank Computer Glitch Halts Plastic Card Payments in Moscow
By Maria Kolesnikova
Dec. 31 (Bloomberg) -- OAO Sberbank, holder of half of Russian savings,
said a computer glitch interrupted its payment system in Moscow, where it
has more than 700 branches.
Clients have been unable to immediately pay bills or conduct other
transactions using plastic cards since Dec. 28, an official at
Sberbanka**s call center in the Russian capital said today, declining to
be identified because of company policy. The state-run lender expects to
fix the problem today.
Alexander Baziyan, a spokesman for Sberbank, couldna**t be reached
immediately today on his office or mobile phones.
To contact the reporter on this story: Maria Kolesnikova in Moscow at
Last Updated: December 31, 2009 01:14 EST
Dec. 30, 2009, 8:38 a.m. EST
MarketWatch: Siemens wins Russian train order worth $832 mln
LONDON (MarketWatch) -- Siemens (NYSE:SI) (FRANKFURT:DE:SIE) said it's won
an order from the Russian Railways to supply 54 regional trains for the
2014 Winter Olympics in Sochi in a deal valued at up to 580 million euros
($832 million). A firm order worth around 410 million euros has been
placed for the first 38 Desiro type trains, which will be manufactured
entirely at the Siemens plant in Krefeld, Germany. A preliminary contract
has been signed for a further 16 units. These trains should then be partly
built in Russia.
Interfax: RusAl posts $868 mln in net losses for H1, net profit for 2009
forecast at no less than $434 mln
MOSCOW. Dec 31 (Interfax) - UC RusAl posted $868 million in net losses for
the first half of 2009 compared to $1.4 billion in net profit for the same
period fo 2008, the aluminum company said in the prospectus of its
recently announced IPO on Thursday.
For 2009, the company hopes to post profit coming to no less than $434
RusAl's sales revenue for the first half fell to $3.75 billion from $8.35
billion posted in the same period of 2008.
The company's cash flow from operations in January-June was negative at
minus $232 million compared to $1.878 billion in the same period of 2008.
RusAl's EBITDA came to minus $144 million against plus $2.585 billion for
the same period of 2008. The company's EBITDA margin stood at minus 3.8%
against 30.9% a year ago.
RusAl's net debt as of June 30, 2009 came to $13.42 billion, practically
unchanged from $13.02 billion posted on the same date in 2008.
Bloomberg: Rusal Hong Kong Shares to Be Priced at Maximum of HK$12.50 Each
By Hwee Ann Tan
Dec. 31 (Bloomberg) -- United Co. Rusal will sell shares in Hong Kong at
between HK$9.10 and HK$12.50 each, according to a document filed to the
Hong Kong exchange today.
Last Updated: December 30, 2009 19:40 EST
Reuters: UPDATE 3-RUSAL plans up to $2.6 bln IPO; reports poor H1
Thu Dec 31, 2009 10:57am IST
* IPO key step in RUSAL fundraising drive
* Offer for 1.6 billion shrs in HK$9.10-$12.50 range
* To list in Hong Kong on Jan 27
* Pre-IPO investors include Rothschild, Paulson
(Adds Deripaska details, creditor information, risks, quote, valuation)
By Michael Flaherty
HONG KONG, Dec 31 (Reuters) - Russia's UC RUSAL moved closer to its
planned $2.6 billion Hong Kong initial public offering by unveiling key
details as it aims to raise cash to repay $14.9 billion in debt.
And for the first time, in its 1,100-page listing prospectus, the world's
largest aluminium maker detailed key financial information to the public,
showing a brutal first half of 2009.
The listing of privately-held RUSAL, controlled by Russian billionaire
Oleg Deripaska, would be one of the first major IPOs of a non-Asian
company in Hong Kong and the first Hong Kong-Paris dual listing.
RUSAL said it plans to offer 1.6 billion shares in a range of HK$9.10 to
HK$12.50 each, with a listing date of Jan. 27. Pricing the IPO at the top
of the range would raise $2.58 billion, and at the bottom, $1.87 billion.
The IPO would give RUSAL a market value of around $26 billion. At the
offering price, Rusal is valued at about 11 times to 14 times 2010 basis
EV/EBITDA, while Aluminum Corporation of China Ltd (Chalco) (2600.HK:
Quote, Profile, Research) (601600.SS: Quote, Profile, Research) trades at
about 12 times, a source closed to the deal said.
Another top aluminum producer is U.S.-based Alcoa (AA.N: Quote, Profile,
Research), which has a market capitalisation of $15.6 billion.
The IPO has attracted a list of big name investors including Nathaniel
Rothschild's company and Paulson & Co., among others, but has not been
without hiccups, delayed for a while by Hong Kong authorities due to
caution over RUSAL's massive debt burden.
Eventually Hong Kong authorities, in an unprecedented move, barred the
sale of shares to the island's retail market, a hungry group of individual
investors that usually are allowed at least 10 percent of an IPO's shares
in the city.
"Given the high debt of Rusal and oversupply in aluminium sector, it is
not attractive to investors based on fundamental analysis," said Steven
Leung, director of institutional sales at UOB-Kay Hian.
Rusal's massive prospectus outlined key issues and long-awaited data,
including what's owed to RUSAL's creditors and factors that could impact
its debt restructuring and financial future, such as aluminium prices
falling more than 20 percent.
The firm said it posted a $868 million loss for the six months ended June
30 compared to a profit of $1.41 billion in the year ago period. The
company forecast a full-year profit for 2009 of "not less than $434
Total revenue for 2008 was $15.69 billion, up more than $2 billion from
the previous year. Revenues by mid year 2009 hit $3.76 billion compared
with $8.35 billion in the year ago period.
The document also addresses issues surrounding the company's CEO and top
shareholder, Deripaksa, including the various visas he's been denied and
information on a high profile court case.
"The terms of the debt restructuring agreements impose strict limits on
the Group's capital expenditure and other uses of available cash which
will limit its ability to expand its business and to pay dividends," RUSAL
says. For related graphic click: tinyurl.com/yzbefye). For related factbox
and Q&A click [ID:nGEE5B21L0] [ID:nnGEE5B11YR]
RUSAL plans to start pre-marketing of the IPO on Jan. 5, with a roadshow
starting on Jan. 11 and pricing on Jan. 21.
BNP Paribas (BNPP.PA: Quote, Profile, Research) and Credit Suisse
(CSGN.VX: Quote, Profile, Research) are the joint sponsors and global
The joint bookrunners are BofA-Merrill (BAC.N: Quote, Profile, Research),
BOCI, Nomura Holdings (8604.T: Quote, Profile, Research), Renassiance
Capital, Sberbank and VTB Capital, with Rothschild acting as the financial
In Oct. 2010, RUSAL must repay a $4.5 billion loan from Russia's state-run
financing arm VEB, unless it gets an extension. VEB's board is chaired by
prime minister Vladimir Putin. Other RUSAL creditors include BNP, which
has exposure of around $415 million, Calyon with around $507 million of
exposure, and Societe Generale, with roughly $401 million.
Sberbank has exposure of $822.15 million.
UC Rusal, ranked number one in terms of global smelter capacity controls
4.87 million tonnes or 10 percent of the world's smelter stable.
Aluminium on the London Metal Exchange MAL3 averaged $1,474 a tonne in the
first of 2009 versus $2,895 in the same period in 2008. In the second half
of 2009 the lightweight metal averaged $1,942/tonne.
RUSAL says a sustained fall of more than 20 percent in the price of
aluminium could adversely affect its ability to meet certain targets and
financial covenants under the debt restructuring agreements. (Additional
reporting by Don Durfee and Kennix Chim) (Editing by Jonathan Hopfner and
Valerie Lee)
Bloomberg: Rusal Plans to Raise as Much as $2.6 Billion in IPO (Update3)
By Bei Hu and Kyunghee Park
Dec. 31 (Bloomberg) -- United Co. Rusal Ltd. plans to raise as much as
HK$20.1 billion ($2.6 billion) in a Hong Kong initial public offering,
paving the way for the worlda**s largest aluminum producer to pare $14.9
billion of debt.
The Moscow-based company, controlled by billionaire Oleg Deripaska, will
sell 1.61 billion shares at HK$9.10 to HK$12.50 each, according to a
statement filed to the citya**s stock exchange today. It is offering an
about 10.6 percent stake in the form of shares and global depositary
Rusal is seeking to capitalize on a 51 percent surge in Hong Konga**s
benchmark stock index this year and become the first Russian company to
list in the city in what could be the territorya**s biggest IPO in 22
months. The offering, delayed by regulators at least twice on concern
about the companya**s debt, would give Rusal a market value of as much as
$24.4 billion, similar to Aluminum Corp. of China Ltd.
a**This is actually a pretty high-risk issue,a** said Francis Lun, a Hong
Kong-based general manager at Fulbright Securities Ltd. a**If the company
doesna**t come to the market to raise funds, it will go under a mountain
of debt.a**
The company, banned from marketing the shares to retail investors, will
only sell stock to international institutions and Hong Kong wealthy
individuals, according to the statement. Individuals who buy shares
through intermediaries must invest at least HK$1 million.
Repay Debt
a**The group intends to use all the net proceeds received from the global
offering to immediately reduce outstanding debt and to satisfy other
obligations to its creditors,a** the company said in the statement.
Vnesheconombank, the Russian state development bank also known as VEB; NR
Investments Ltd., the principal investment company of billionaire
Nathaniel Rothschild; New York hedge-fund manager Paulson & Co., and
Malaysian billionaire Robert Kuok and companies controlled by him have
agreed to buy HK$6.86 billion worth of shares in Rusala**s IPO.
The four will buy a combined 635 million shares, or 39 percent of those on
sale, if the IPO is priced in the middle of the range, said a prospectus
posted on the Hong Kong stock exchangea**s Web site. They wona**t sell
their shares for six months.
If Rusal prices the shares at the top end, the IPO would be the largest in
Hong Kong since China Railway Construction Corp., builder of more than
half the nationa**s railroads, raised HK$20.2 billion in March 2008.
Aluminum Prices
Rusal posted a net loss of $868 million in the six months ended June 2009,
compared with a profit of $1.4 billion a year earlier. The aluminum
producer had a loss of $6 billion for 2008.
Prices of aluminum plunged 36 percent in London last year as the global
recession curbed demand from carmakers and builders. The decline also hurt
other producers, with Aluminum Corp. of China, also known as Chalco, only
posting its first profit in four quarters in October. Chalco is the
countrya**s largest maker of the metal.
Rusal a**would definitely have to be at a discount to Chalco, therea**s no
question about that,a** Mark Mobius, who oversees about $34 billion of
developing-nation assets at Templeton Asset Management Ltd. including
Chalco shares, said by phone in Tokyo.
Chalco, which traded at HK$8.54 at 12:25 p.m. local time, has a 2010
forecast price-earnings ratio of 15.4 times, according to UOB-Kay Hian
Ltd. in Hong Kong.
Debt Doubles
Rusala**s debt almost doubled last year after buying a quarter of OAO GMK
Norilsk Nickel before commodity prices collapsed. Earlier this year it
reached agreements with creditors to restructure $16.8 billion of
obligations, cutting debt to $14.9 billion.
The company doesna**t expect to pay dividends through 2013 because of
restrictions imposed in those agreements, it said in the prospectus.
Preconditions for dividends include making cumulative debt repayments of
at least $5 billion and cutting the ratio of total net debt to
a**covenanta** earnings before interest, tax, depreciation and
amortization to below 3 times, from 47 times at the end of June, the
document said.
The total debt repayment requirement excludes amounts paid to VEB and
Onexim Group, controlled by billionaire Mikhail Prokhorov, it said.
International Creditors
Rusal earlier agreed with its international creditors to extend a
repayment deadline for $7.4 billion of debt until December 2013. The
international lenders have pledged to refinance its debt for another three
years if Rusal meets conditions similar to those for dividend payments at
the end of the initial four-year debt relief period, said the prospectus.
Rusala**s board expects VEB to extend the maturity of a $4.5 billion loan
year-by-year to October 2013, it added. OAO Sberbank, Russiaa**s largest
lender, pledged to take over the VEB loan rights until December 2013
should VEB decide not to roll over the loan.
An accord between Rusala**s major shareholders calls for it to pay at
least 50 percent of its profit as dividends once it meet preconditions set
out by creditors, the document said.
Banks arranging Rusal IPO may reduce the number of shares or revise the
range before Jan. 22, the statement said. Rusal plans to price the
offering on Jan. 22, and the stock is scheduled to start trading in Hong
Kong on Jan. 27.
The stock will trade in a**board lots,a** or blocks of shares, of 24,000
shares, or HK$200,000, at the listing date, Rusal said in the statement.
Rusal has also applied to list its GDRs on the professional segment of
Euronext Paris, the statement said.
To contact the reporter on this story: Bei Hu in Hong Kong at
Last Updated: December 30, 2009 23:30 EST
AFP: Rusal to raise 2.6 billion dollars in Hong Kong
(AFP) a** 1 hour ago
HONG KONG a** UC Rusal, the world's largest aluminium producer, confirmed
Thursday that it plans to raise as much 2.6 billion US dollars in its Hong
Kong initial public offering next month.
The Russian metals giant plans to sell 1.6 billion shares at a price
between 9.10 Hong Kong dollars (1.20 US dollars) and 12.50 dollars, it
said in a statement to the city's stock exchange.
The shares will be priced by January 22 with trading set to begin on
January 27, the company said.
Rusal's IPO -- the first for a Russian company on Hong Kong's exchange --
will only be sold to institutions and "professional investors" who must
buy at least one-million Hong Kong dollars worth of shares.
The rare stipulation is reportedly a condition imposed by the city's
market watchdog, the Securities and Futures Commission, to discourage
retail investors from taking part in the highly complicated offering.
The announcement came after weeks of uncertainty about the sale as Hong
Kong's bourse delayed making a decision on whether to green light the IPO,
reportedly amid concerns about Rusal's 16.8 billion US dollar debt.
The Moscow-based company, controlled by tycoon Oleg Deripaska, has reached
an agreement with creditors to restructure the debt racked up when metal
prices plunged in the wake of last year's financial crisis.
There was also speculation that regulators worried about unproven
allegations that Deripaska had links to organised crime.
Rusal's IPO plans got a boost this week when it secured four so-called
cornerstone investors: Malaysian-Chinese tycoon Robert Kuok, New York
hedge fund Paulson & Co., European banking family scion Nathaniel
Rothschild and Russian state development bank Vneshekonombank, or VEB.
Reuters: FACTBOX-Key parts of RUSAL IPO prospectus
1:09am EST
HONG KONG, Dec 31 (Reuters) - The planned $2.6 billion initial public
offering by Russia's RUSAL in Hong Kong next month has captured
greater-than-normal attention. [ID:nTOE5BU00A]
The company is coming off of Russia's biggest ever debt restructuring, and
is run by a high profile billionaire oligarch.
Below are excerpts from the RUSAL IPO prospectus which was released on
Thursday through the Hong Kong Stock Exchange, the first time ever that
RUSAL has given key financial and company details.
Moscow-based Norilsk Nickel <GMKN.MM> is the world's largest producer of
nickel and the world's largest palladium miner. Norilsk's main
shareholders are billionaire Vladimir Potanin and RUSAL, each with a 25
percent stake. Russian state-owned bank VEB owns 3.7 percent of Norilsk
shares. RUSAL owes VEB $4.5 billion.
RUSAL has pledged 25 percent plus one share in Norilsk as collateral to
secure its indebtedness to VEB.
By 29 October 2010, unless RUSAL obtains an extension, it must repay a
$4.5-billion loan from VEB.
RUSAL plans to seek a further extension of the amounts outstanding under
the $4.5-billion loan, dated 30 October 2008 between the company and VEB,
or request Sberbank to assume all rights, claims and obligations of VEB.
From the prospectus: RUSAL does not meet the profit test to qualify for
listing on the Main Board of the Hong Kong Stock Exchange Limited. The
company has been admitted on the basis of a large market capitalisation,
revenue of more than HK$500,000,000 and positive cash flows from operating
If the repayment of the whole of the group's indebtedness is
accelerated...or if the Company should be unable to extend or refinance or
repay the VEB loan as and when it falls due, RUSAL may cease to continue
as a going-concern.
Deripaska has confirmed to RUSAL that he had an application for a U.S.
visa denied in 1998 pursuant to Section 212(a)(3) of the U.S. Immigration
and Nationality Act, which relates to aliens deemed ineligible for U.S.
visas based on security, unlawful activity and related reasons, and this
position was reiterated in 1999 and 2000. Deripaska has repeatedly and
consistently challenged these denials as being unwarranted and
He has also confirmed to the Company that he subsequently visited the
United States lawfully a number of times. The most recent visits were in
August and October 2009.
Deripaska has also confirmed to the company that, to the best of his
knowledge, he is not under investigation by any U.S. authority.
In its prospectus, Rusal said if the Michael Cherney case were to prevail
on its merits it could require a payment in excess of $4 billion from Oleg
Deripaska. The company cautioned, however, that the case is still in the
early stages and that it is too early to say what the final amount might
be. [ID:nGEE31QV]
If Deripaska were forced to use his UC Rusal shares to fund the payment,
his influence over the company would be "significantly reduced," the
company said in its prospectus.
According to the company, Deripaska "strongly denies and will vigorously
resist Mr. Cherney's claims." (Compiled by Michael Flaherty and Don
Durfee; Editing by Valerie Lee)
Activity in the Oil and Gas sector (including regulatory)
Upstreamonline: Russia plans gas price hike
Ukrainian state gas company Naftogaz said today it could pay more for
Russian gas in the first quarter of next year, raising prices to $305-306
per 1000 cubic metres from $208.12 in the current quarter.
Upstream staff Wednesday, 30 December, 2009, 11:42 GMT
The exact price would be determined at the beginning of next year, a
Naftogaz official told Reuters.
Meanwhile, Belarus will also see a 12% increase in Russian gas to $168 per
1000 cubic metres in the first quarter 2010, Russian gas export monopoly
Gazprom said today.
Belarus enjoys the largest discount on Russian gas in the region, paying
$150 per 1000 cubic metres of gas in 2009 on average.
After the break-up of the Soviet Union, the Kremlin used cheap gas as a
means to curry favour with its former Soviet neighbours, but in recent
years has started to move prices closer to those charged to Western
Published: 30 December 2009 | Last updated: 30 December 2009
RIA: Ukraine to raise gas transit rate in 2010
The rate charged by Ukraine for transit of Russian gas to Europe will be
$2.7 per 1,000 cubic meters per 100 kilometers in 2010, up from $1.7 this
year, Russian energy giant Gazprom said on Wednesday.
"The average for the year will be $2.7," Gazprom spokesman Sergei
Kupriyanov said.
The new rate is 58.8% higher than this year.
Kupriyanov also confirmed the forecast from Ukraine's Naftogaz that the
gas price for Ukraine in the first quarter of 2010 will total $305.2 per
1,000 cu m.
The Ukrainian and Russian prime ministers, Yulia Tymoshenko and Vladimir
Putin, agreed on November 19 in Yalta that the transit fee and gas price
will be formed on a market basis, with the transit fee rising by around
60%. In 2009 the favorable rate was due to a discount in the gas price
Russia gave Ukraine.
The average annual price of gas for Ukraine in 2009 was $228 per 1,000 cu
m. Gazprom expects the average annual price for Ukraine for 2010 to be
MOSCOW, December 30 (RIA Novosti)
Reuters: Belarus to pay cheap for Russian gas in Q1
Wed Dec 30, 2009 11:10am GMT
MOSCOW, Dec 30 (Reuters) - The price for Russian gas for Belarus will
increase by only 12 percent to $168 per 1,000 cubic metres in the first
quarter 2010, Russian gas export monopoly Gazprom (GAZP.MM: Quote,
Profile, Research) said on Wednesday.
Belarus enjoys the largest discount on Russian gas in the region, paying
$150 per 1,000 cubic metres of gas in 2009 on average, compared with $208
charged to neighbouring Ukraine, whose ties with Moscow are far worse.
After the break-up of the Soviet Union, the Kremlin used cheap gas as a
means to curry favour with its former Soviet neighbours, but in recent
years has started to move prices closer to those charged to Western
(Reporting by Vladimir Soldatkin)
Bloomberg: Sakhalin Energy Beats Targets for LNG, Crude Loading (Update1)
By Anna Shiryaevskaya
Dec. 30 (Bloomberg) -- Sakhalin Energy, Russiaa**s only producer of
liquefied natural gas, loaded 81 cargoes of the fuel and 59 cargoes of
oil, beating its targets for the year.
The OAO Gazprom-led operator of the Sakhalin-2 project in Russiaa**s Far
East exceeded the LNG target by more than 47 percent and the crude target
by more than 11 percent, said Ivan Chernyakhovsky, a spokesman for
Sakhalin Energy Investment Co.
a**These are record results for the industry, given that this is the first
year of LNG and year-round crude production,a** Chernyakhovsky said by
phone today. a**Equipment was efficient, loadings were timely, and gas
liquefaction was timely.a**
Russia, holder of the worlda**s biggest gas reserves, in February
inaugurated an LNG plant on Sakhalin Island, entering Asia Pacific markets
after relying on pipelines to Europe for decades. The $22 billion
Sakhalin-2 project began year-round oil exports in December last year
after previously being limited to seasonal shipments because of ice.
Sakhalin-2 partners, who include Royal Dutch Shell Plc, had planned to
send 55 LNG tankers from the plant this year. Gazprom owns 50 percent plus
one share of Sakhalin Energy, while Shell owns 27.5 percent, Mitsui & Co.
12.5 percent and Mitsubishi Corp. 10 percent.
The plant, 160 kilometers (100 miles) off the northern tip of Japana**s
Hokkaido, has LNG contracts with nine customers in Japan, one in South
Korea and one in North America. The two- train liquefaction plant is due
to reach full capacity of 9.6 million tons a year next year.
LNG is gas that is cooled to a liquid for transport by ship to markets not
connected by pipelines. The fuel is received at import terminals and
converted back to a gaseous form so it can be piped to users.
To contact the reporter on this story: Anna Shiryaevskaya in Moscow at
Last Updated: December 30, 2009 07:42 EST
The Financial: TNK-BP reduced the number of oil spills by 14% in 2009
30/12/2009 15:39 (19:48 minutes ago)
The FINANCIAL -- TNK-BP has significantly reduced the leak rate of its
pipeline systems in 2009.
"In particular, according to preliminary results of the year, the number
of oil spills from pipelines has dropped by 14% (and an impressive 70%
compared to 2005 when the active phase of works for lowering the rate of
leaks began) and the number of pipeline leaks has decreased by 15%
compared to 2008," TNK-BP informs.
TNK-BP is successfully implementing its pipeline integrity management
program. The principal elements of this program are assessment of pipeline
leak risks, replacement of faulty pipelines, and testing and integration
of new technologies for improving the technical conditions of existing
pipelines (such as inhibition, new diagnostic methods, cathodic and
galvanic protection, rehabilitation, and new repair technologies).
Only inhibition of pipelines, which protects internal walls of pipes,
inhibits corrosion by 90%, and extends the period of trouble-free
operation of pipelines more than twice, made it possible to protect over
11,000 km of pipelines in 2009, which is 18% more than in 2008. The volume
of pipeline inhibition has grown more than five times since the inception
of TNK-BP.
In 2003, TNK-BP became Russiaa**s major investor into diagnostics,
reconstruction and protection of pipelines, which considerably improved
the ecological situation and environmental safety in the industrial areas
of the company. Every project of TNK-BP passes a stringent ecological
evaluation. The company is exercising strict control of all its activities
for minimizing their negative environmental impact.
OilVoice: TATNEFT Discovered 16 Fields in 2009
30 December 2009
TATNEFT reports that the Company discovered sixteen fields in 2009; ten
fields in the Republic of Tatarstan, three fields in the Samara District,
two fields in the Orenburg District and one deposit in Syria.
An increase of A + B + C1 + C2 categories of recoverable reserves of crude
oil and condensate for the TATNEFT Group of companies amounted to more
than 62.7 million tons with more than 44.5 million tons located within
According to Miller and Lents independent international consulting company
the proved developed, undeveloped and undrilled reserves of OAO TATNEFT
exceed 878 million tons of crude oil as of the beginning in 2009.
IBTimes: Eurasia Drilling acquires Lukoil assets
Posted 30 December 2009 @ 11:45 am BST
Russian-focused Eurasia Drilling has completed an agreement to acquire
well workover assets from Lukoil. The two companies have also signed a
five-year workover framework covering pricing and volumes.
CEO Alexander Djaparidze said, 'One of the main strategic goals of the
company is to become a market leader in each of our core business lines.
'With the 87 workover rigs we previously owned our fleet will now be 237
rigs, transforming EDC into a major player in the growing Russian workover


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Four Ways to Forgiveness: Stories (Paperback)
Not currently in the store – Usually ships in 1-5 days
At the far end of our universe, on the twin planets of Werel and Yeowe, all humankind is divided into "assets" and "owners," tradition and liberation are at war, and freedom takes many forms. Here is a society as complex and troubled as any on our world, peopled with unforgettable characters struggling to become fully human. For the disgraced revolutionary Abberkam, the callow "space brat" Solly, the haughty soldier Teyeo, and the Ekumen historian and Hainish exile Havzhiva, freedom and duty both begin in the heart, and success as well as failure has its costs.
In this stunning collection of four intimately interconnected novellas, Ursula K. Le Guin returns to the great themes that have made her one of America's most honored and respected authors.
About the Author
Ursula K. Le Guin is the author of more than one hundred short stories, two collections of essays, four volumes of poetry, and nineteen novels. Her best-known fantasy works, the Earthsea books, have sold millions of copies in America and England, and have been translated into sixteen languages. Her first major work of science fiction, The Left Hand of Darkness, is considered epochmaking in the field because of its radical investigation of gender roles and its moral and literary complexity.
Three of Le Guin's books have been finalists for the American Book Award and the Pulitzer Prize, and among the many honors her writing has received are the National Book Award, five Hugo Awards, five Nebula Awards, the Kafka Prize, a Pushcart Prize, and the Harold D. Vursell Award of the American Academy and Institute of Arts and Letters. She lives in Portland, Oregon.

subset: commoncrawl


text:
Jada from NYC, you are rocking mondays. Keep up the good work. Tawnee's Tuesdays are pretty damn good as well. Let's go NYC.
Since I bought the new Coyote Truck, my boyfriend is seething with jealousy . Well yesterday when I told him that I am putting on 35 inch tires and I found new rims, he was beside himself with jealousy. ( yes I date a big country bumpkin) Well he was so ridiculously jealous that I asked Lee to make a picture to taunt him. After this picture my new nickname from Trey is MTL " monster truck littlin'.
By Liliana Lovell,
Coyote Ugly Saloon Founder
"Most all Coyotes I have m..."
"Well the loving caring si..."
"Maybe not all that nuts. ..."
"In the nicest possible wa..."
Buy "Later Than You Think" and "Running On Lonely" by The Coyotes!
Lil Spills for August 2011
Tuesday, August 30, 2011
Jada from NYC, you are rocking mondays. Keep up the good work. Tawnee's Tuesdays are pretty damn good as well. Let's go NYC.
Saturday, August 27, 2011
I haven't gotten more then 3 hours of sleep in the last few weeks . It's so hot I can fry an egg on my forehead, and I will probably have to close the NY bar tonight because hurricane Irene will hit there later on today. What could be the icing on the cake for a cranky day! Bam! You have been served! Door bell rang. Jackson, his friend and I answered the bell and wham, " Miss Lovell you have been officially served" I actually am laughing now.
Friday, August 26, 2011
Ok after a long search, I take possession of the new Coyote Ugly truck this afternoon. Dodge 2500 Cummins Diesel. It's so big that I think we might as well make it ridiculous with a lift kit and big tires.
What happened to me? I am actually excited about getting it painted and lifted. Lol Minnesota here we come . ( next project)
Tuesday, August 23, 2011
Two major earthquakes today. One in Colorado and one up the East Coast. David , Gm of the Denver bar, said that everything was fine. Jacqui said she was at the NY bar when she felt the earthquake . I am glad everyone is alright.
Hurricanes are looking good in comparison to earthquakes and tornados . Scary
Monday, August 22, 2011
Bam first day of school for Jackson today! No one is happier then me. Last week Jackson's dad and I went to an orientation at school. Both of us were chatting with other parents. Personally, I was at my wits end trying to create activities for Jackson and work. One mom said " oh summer is such a special time I am so sad school is starting." Jackson's dad and I looked at each other with the look of " this woman is a freak"
Friday, August 19, 2011
Yesterday a fabulous day. The accountants told us that we had the best quarter in the history of the company .
This morning I woke up to the managers logs . Urgh. Freaking jinx. Austin and Milwaukee are the low sales bars right now. Let's pick it up people.
Thursday, August 18, 2011
One of the Russian Coyote's was on MTV http://www.youtube.com/watch?v=834QBs8JVFY
Two regionals keep bickering in emails. I actually got a text from the temporary manager in Austin cause he had to call one of them but was worried about pissing the other one off. Just ridiculous. For future reference, unless the bar is on fire I probably won't respond at 440 am. My days of being on call 24/7 are over! Plus at my age I don't just need beauty sleep but beauty coma.
The truck: I Had No Idea How Expensive Pick Up Trucks Are! Going back Into to battle today. 2500 3/4 ton crew cab!
Tuesday, August 16, 2011
Jeff and I are laughing because I am buying a new pickup truck for the company. Really who ever thought that Miss NY would be buying a pick up truck. I have been on line all morning. I don't like the fords. Do I go Hemi or 2500 Silverado? Extended cab ? This is too funny to me. Does that tool box thing come with it or do you buy that separately?
Thursday, August 11, 2011
The staff has been great at Sturgis except for one girl. This one girl from New Orleans was such an asshole . She worked horribly . She offended everyone . In fact , Chantel and Katie had to send her home early. I know Katie is embarrassed about it because she nominated her to go. Chantel told Katie that it was up to her what she did with this girl when she got home . If it was me, she would get fired. This is just one incident in the many. But I have a bad feeling Katie won't. Get some balls because one bad egg ruins the bunch.
Wednesday, August 10, 2011
Lil's brain on alcohol ! Christina from Nashville challenged me to a drink a live minnow contest. Omg I did it! It was alive. So horrible . I felt guilty about killing that minnow all night. On the upside I got a cool " I shot a minnow Coyote Ugly t shirt".
Tuesday, August 9, 2011
From Chantel
So there are NYC fire fighters in town rebuilding the flag that flew over the twin towers during 911. They have 50 weeks to visit 50 states and each state stitches a part of the flat back together. For example on lincoln's birthday a piece of the flag that was part of lincoln's flag when he was buried was stitched on! So many stories. Anyway one of the owners of was on the plane with these guys and when we meet up at the airport we talked and invited them to coyote. They are doing a whole memorial thing in mount rushmore tomorrow and came to hang out. They brought the flag in the bar. They invited the patrons to come outside and unfold the flag and then fold it back. We have plenty of pics just thought I would send these one! They will be here tomorrow afternoon so Lil we will have to get some more pics! When completed it will be on display at the ground zero memorial!
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The Christmas clock is ticking and we are almost running out of time to find the perfect gift. Gift giving can be a challenge during the holiday season, especially for the men in your life. Finding the perfect gift for that special guy can sometimes leave you at a loss. Weather he is a picky fella or one who seems to have it all, we've put together a gift guide for all the men in your life to make things a little easier for you.
A wallet is very practical gift. Add a personal touch by engraving it with his initials. You can find this personalized wallet at Zales.
New Year's Eve is arguably the most important night of the year--the night to see and be seen. Insomuch, you'll want to be sure that your outfit is top notch, no matter what your style choice. Whether you've got dressing up down pat, are still indecisive, or are in desperate need of style advice, Joonbug.com is here to help with a glam game plan. First, check out all the hot parties we'll be hosting and choose where to ring in 2015. New York City boasts a stellar lineup of parties held at the most prestigious venues, such as Gotham Hall, Ciprianis, Guastivnos, The Royalton Penthouse Party, Capitale, and Bryant Park Grill. Such lavish parties in Philadelphia include The Crystal Tea Room, Union Trust, and Piazza, while 1oak, Project, Emerson Theater, and Bootsy Bellows are the go-to hot spots in Los Angeles . From there, we've got style suggestions for all sorts of soirees. On the big night, show up "fashionably late" and flaunt your wow-worthy look before grabbing a flute of bubbly and toasting to the New Year.
Tis the season to be warm and cozy! The days are getting colder and it's time to find a winter coat. There's no need to fret between choosing a fashionable or functional coat--Joonbug.com has found 6 stylish coats for this winter that will keep you cozy and stylish. You shouldn't have to sacrifice you winter glam because the mercury drops. Check out our trendy outerwear picks for every occasion.
Cape's have been a big trend this season. This fur hooded double breasted cape coat from Sheinside is perfect for a chic cozy look.
Everyone from Alessandra Ambrosio to Beyonce is obsessing over Lera Jewels, a dazzling new line of jewelry that has been added (in bold) to our holiday wish list. If the Instagram profiles of these superstars are any indication, the new line is the obsession of some of the biggest It-girls in Hollywood. Designed by New Englander Ronit Tarshis, every piece is handcrafted and set with real diamonds that have a unique versatility and elegance. Ronit's signature looks combine dozens (and sometimes hundreds) of diamonds with other natural materials, like leather, fine gold and silver to create stunning pieces of jewelry. The esthetic is effortless, timeless, and yet, still modern in its appeal. These pieces can be worn with everything from jeans and a t-shirt, to an evening gown.
The holiday season is in full swing and it's one of the busiest times of the year. Not only is everyone running around buying presents, they're searching for holiday party attire. With many parties to attend--company parties, dinner outings, or family gatherings-- there's always the stress of what to wear. Joonbug.com knows how overwhelming that can be, so we've got some festive looks that will get you holiday ready no matter the type of gathering you'll be attending.
Office Party
With all the holiday get togethers you no doubt have planned for this season, you'll want to put your best face forward. These makeup tips will gloss, highlight, and polish your holiday look to perfection. Turn winter blues into a stand out look for the seasons with just five simple products!
1. Frosty Gaze
Sparkle and shimmer is a no brainer for the holidays, but a stroke of blue will highlight your eyes like no other color this season. The icy look will send chills at whomever you direct that sultry gaze. This shimmer eyeliner by E.L.F. has been a classic for years and costs just a few quarters!
Adriana, Alessandra, Behati, Candice, Doutzen, Karlie, Lily, Lindsay -- the Angel dream-team jetted over to London for this year's highly anticipated (and arguably, the hottest) runway event of the season: the Victoria's Secret Fashion Show.
On December 2nd, Londoners got to have a look at the brand's new lacy lingerie, while listening to musical performances from pop royalty like Ariana Grande, Ed Sheeran, Hozier, and Taylor Swift.
As expected, the crowds and the paparazzi were out to catch a glimpse of the gorgeous girls before they hit the runway, on which they would smile, dance, and flirt for as they showed off the glitzy new collections, which featured such themes as "Gilded Angels," "Exotic Traveler," "Dream Girl," "Fairy Tale" and "Angel Ball." It's no surprise that the models enjoy the experience as much as the audience does: "There's no better energy. You can be sexy and have fun and smile. You get to let your personality shine, so I love that," said VS Angel, Lily Aldridge.
"Marsala" has been declared the color of 2015 by the Pantone Color Institute, so if you haven't already seen it making its way onto store shelves, expect to find a the color popping up everywhere within the next few months. Nevertheless, if you're truly looking to impress your fashion-forward friends with a gift this holiday season, you'll want to get your hands on one of the wine-hued whatnots that are already on the market. To give you a head start , we've picked out some finds that'll have all the fashionistas on your list "red"-y for Spring.
It went off without a hitch for Paul Drish in Tribeca during the launch of their first contemporary men's footwear collection.
The event was held at the Paul Drish loft, the only commercial brick and mortar site for customers who would like to purchase Paul Drish merchandise. A sea of beverages courtesy of Milano Green Vodka set a laid back tone for the night as guests were treated to the ultimate Paul Drish experience. They tried on their favorite styles and enjoyed Drish's brand defining one on one consultations all in the heart of the 'PJ' loft.
The Christmas sweater has become a holiday season staple. Some might think it's a silly idea, but it does pave the way for silly fun during teh holidays. When holiday attire comes to mind we think of metallic skirts and red dresses, however the tacky sweater has become more popular through out the holiday season. Weather your hosting or attending an ugly Christmas sweater party this season we got you covered on some funky knit selections that can range from subtle to outrageous. Check out these picks we know you'll love.