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The Ukrainian parliament committee for international...

The Ukrainian parliament committee for international affairs on Monday recommended the Supreme Rada against ratifying a new deal extending Russia"s use of a naval base in Crimea.


MOSCOW, February 21 (RIA Novosti) - Gazprom...

MOSCOW, February 21 (RIA Novosti) - Gazprom, Total and StatoilHydro signed on Thursday a deal on a joint venture to develop the Shtokman gas field in the Barents Sea. The ambitious project to develop the Arctic gas field, with estimated gas reserves of 3.7 trillion cubic meters, is intended to supply the Nord Stream pipeline from Russia to Germany currently being built under the Baltic Sea. The Shtokman project cost is estimated at $30 billion. Gazprom has a 51% stake in the project, while France"s Total and Norway"s StatoilHydro have 25% and 24%, respectively. The newly created JV will own the infrastructure of the Shtokman first stage during 25 years after the deposit is put into operation, following which Total and StatoilHydro will cede their stakes to Gazprom. Investment in the Shtokman first stage will be determined in the second half of 2009, Gazprom CEO Alexei Miller said. "Work will start today to prepare technical documentation and this work will be completed in the second half of 2009 when an investment decision is made," Miller said. The first pipeline gas supplies from the Shtokman deposit will begin in late 2013 and liquefied gas supplies in 2014. The project"s first phase is expected to produce a total of 23.7 billion cubic meters of natural gas annually.


Key talks with the United States on a Russian-proposed...

Key talks with the United States on a Russian-proposed inter-governmental agreement on child adoption will be held on May 12 in Moscow, the press service of the Russian children"s ombudsman said on Tuesday.

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Russian President Dmitry Medvedev assured...

Medvedev summed up the results of the outgoing year in a live televised interview with Channel 1, Rossiya and NTV federal television stations.

"I think all enforced modernizations are in the past," Medvedev said. "Our nation is strong, skilled and clever, and is capable of changing not just under pressure, but also through targeting ... internal goals," the president said.

He dismissed as absolutely inacceptable Soviet modernization methods, and said reform should be based on efficiency and people"s own ambition to change.

Medvedev said even with its enormous mineral reserves, Russia had no future without modernization.

The president urged efforts to use Russian natural reserves "correctly." He also suggested the country, which exported much oil and gas, sell refined gas and oil instead.

"Unless we take measures to switch to a modern high-tech economy, we will never be able to cope with outdated technology or drastically change our economy, and

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