Russia to veto UN SC resolution on tribunal over MH17 crash if it scores 9 votes — envoy
Russia sends draft intergovernmental agreement on first Turkish stream line to Turkey
Two Russian nationals captured by Ukraine’s military to go on trial in September
Teams from almost 20 countries to participate in International Army Games in Russia
Russia may use new Angara carrier rocket in Sea Launch project — space firm
Kyrgyzstan to open its customs borders to EEU when Kazakhstan ratifies its accessionEconomy July 28, 17:46
Ukraine plans to raise over $3.2 bln by yearend — Finance MinistryEconomy July 28, 17:37
Two Russian nationals captured by Ukraine’s military to go on trial in SeptemberWorld July 28, 17:24
Ukrainian MP threatens French lawmakers with jail after their visit to CrimeaWorld July 28, 17:12
Teams from almost 20 countries to participate in International Army Games in RussiaRussia July 28, 16:57
Iran to resume negotiations with EU on broad range of issues — foreign ministerWorld July 28, 16:49
Energy Ministry stands for maintaining Gazprom's monopoly right to export pipeline gasEconomy July 28, 16:40
Russia’s emergencies ministry preparing for international Caspian Sea exerciseRussia July 28, 16:37
List of medications sold in stores will not be expanded — Russia’s Minister of HealthcareRussia July 28, 16:33
MOSCOW, June 11, 21:27 /ITAR-TASS/. Russia’s National Welfare Fund assets may be invested in the construction of a gas pipeline to China, Minister of Economic Development Alexei Ulyukayev said on Wednesday, June 11.
“This is probably not a net increase in the authorized capital of Gazprom but this may be a contribution to an SPV [special purpose vehicle] to be created by Gazprom,” he said.
National Welfare Fund’s assets can already be invested in preferred stock. “We have already made the decision to make a contribution to Russian Railways’ capital,” he added.
At the same time, Ulyukayev noted that “priority is debt instruments” but “acquisition of ownership rights is also a possibility”.
The minister said that the gas pipeline to China should be built within six years. “Naturally, the decision on funding should be adopted earlier. One way or another, it should be done this year,” he said.
CNPC is China’s largest petroleum company wholly-owned by the state and is one of the world's leading integrated oil and gas production companies.
In October 2009, Gazprom and CNPC inked the Framework Agreement on the major terms and conditions of natural gas supply from Russia to China. The Agreement stipulates annual exports of up to 68 billion cubic meters of gas to the Chinese market. In September 2010 the Extended Major Terms of natural gas supply from Russia to China were signed.
In March 2013, Gazprom and CNPC signed the Memorandum of Understanding for cooperation between the two companies in pipeline gas deliveries to China via the eastern route.
In September 2013, Gazprom and CNPC inked the Agreement on the major terms and conditions of pipeline gas supply from Russia to China via the eastern route.
Russia’s Minister of Economic Development Alexei Ulyukayev said on Wednesday he saw no signs of stagflation in the Russian economy.
“I think there is no stagflation, and the risks, thought existent, are not high,” he said, adding that the current inflation rate could not be described as high for the Russian economy. “This inflation level is not high for us. As a matter of fact, inflation is high but this level was preceded by a still higher one. That is why, this tendency is characterized by decreasing economic growth rates and inflations decrease rather than increase,” he stressed.
“Risks that we might have higher inflation than we are having now of have recently had accompanied by low economic growth rates do exist, but are not high, I think. It looks like inflation will go down,” he said.