The net profit of Russia's oil company Sibneft, calculated in compliance with US GAAP, amounted to $1.161bn in 2002 against $1.305bn in 2001, the company announced at a press conference in Moscow today. The company's revenues surged 33.6 percent last year to $4.777bn and its EBIDTA reached $1.803bn, up 4.9 percent against 2001.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year