Category: Rosneft

Russia’s Sechin Says Europe No Longer Sets Urals Price

February 6, 2023
Business & MarketsCompanieseconomic policieseconomyenergyEuropeGold and CommoditiesIndiaMarketsOilRosneftRussiaWorld
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BENGALURU, India—Europe will no longer set the reference price for Russia’s flagship Urals crude, Igor Sechin, the CEO of Russia’s oil major Rosneft said on Monday, now Asia has emerged as the largest buyer of Russian oil since the West placed it under sanctions. Around 70 percent of January-loading cargoes of Russian Urals oil is…

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Russian Minister Imprisoned for Oil-Related Bribery Released

May 12, 2022
Bribery ChargeEuropeRosneftRussianWorld
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The highest ranking Russian official to go to prison in nearly two decades was released Thursday after serving more than half of an eight-year sentence for a bribery conviction. Former Economic Development Minister Alexei Ulyukayev filed a petition for early release after serving more than five years. A court in the Tver region, some 140…

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Russia’s Abramovich Didn’t Buy Chelsea for Putin, Court Hears

July 28, 2021
billionaireCatherine BeltonChelsea FCdefamatoryEuropePresident Vladimir PutinRoman AbramovichRosneftUKWorld
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LONDON—Russian billionaire Roman Abramovich is not President Vladimir Putin’s “cashier” and nor did he buy Chelsea FC as a vehicle to corrupt the West, his lawyer told England’s High Court in a defamation hearing over a book about Putin’s Russia. In the 2020 book, British journalist Catherine Belton chronicles Putin’s rise to power and how…

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