The UK Government has today announced sanctions on Russian oligarch Vladimir Potanin – known as the country’s ‘nickel king’ – in a move aimed at further punishing President Vladimir Putin’s inner circle amid the ongoing invasion of Ukraine. Potanin, considered Russia’s second richest man with a...
Oil prices recovered some ground during Tuesday trading as US President Donald Trump and Russian President Vladimir Putin agreed to discuss ways to stabilise the market, after seeing benchmark prices sink to 18-year lows yesterday. The oil sector in 2020 has been ravaged by plummeting demand...
Glencore will not proceed with a share transaction involving Russian mining giant Rusal and its CEO Ivan Glasberg will step down from the board of Rusal in the face of escalating geopolitical tensions. Rusal is owned by Russian aluminium tycoon Oleg Deripaska, who is known to...
Russia’s largest gold producer Polyus (LSE:PLZL) has announced the commissioning of its Natalka gold mine in far East Russia. Launched by Vladimir Putin at the Eastern Economic Forum in Vladivostock, Natalka will enter full production before the end of 2018 and is expected to increase Polyus’...
Rosneft (MCX: ROSN) has begun drilling of a well in the Northernmost region of the Russian Arctic shelf, drawing praise from President Vladimir Putin. The Tsentralno-Olginskaya-1 well was tapped in the Laptev Sea using an onshore facility drilling horizontally, and is the first of its kind...
