GLG News by Lawyers (Russia)

Russia's primary revenue sources are taxes on oil and gas. Russia's oil taxes have been falling as oil prices fall and Russian oil production stagnates. Additional oil tax changes wil occur to spur new oil productiion and increase revenues.

The fact that the numbers show a 29.9% drop in FDI into Russia for Q! 2008 should not be of concern, much less of interest.  Savvy Russia watchers know that the low hanging fruit has long since been plucked, and the mega investments face stiff competition from Russian capital.  And the ruble...

1. A Bosporus pipeline bypass would alleviate the congestion in the crowded straits, provide access to a deepwater port, and potentially allow more crude oil shipments from Russia and Central Asia.2.  Similar proposals for a direct bypass have been discussed for more than a decade and none has...

- Gas is an increasingly important commodity in world energy markets and a price-fixing cartel would raise alarm bells around the globe- Russia, Iran and Qatar are the three largest gas reserve owners.  President Putin recently visited Qatar to expand energy cooperation.  Russia is close to...