According to an Aton Capital's analytical review, a switch from monetary payments to barter supplies for natural gas will have extremely negative consequences for Gazprom, as barter trade is often a cause for misuse and corruption. The review came as a reaction for news that Turkish authorities have been experiencing difficulties with payments for gas supplies to Gazprom. Turkey stopped receiving gas in April 2003 arguing that prices were too high. Now Turkey proposes to supply goods and services to pay for gas supplies.
Analysts express their concerns over Gazprom's difficulties on one of its key markets. Nevertheless, there has been some good news for Gazprom as well, including a government decision to cut tariffs on gas production to become effective in 2004. This will allow Gazprom to save almost $1.5bn in taxes, Aton Capital's analysts reckon.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America