Russia’s richest man eyes abandoned Western assets

The exodus of US and EU owners offers domestic firms great investment opportunities, according to Vladimir Potanin The exit of Western companies from Russia due to Ukraine-related sanctions has opened many new opportunities for domestic firms to invest and expand their portfolios, businessman Vladimir Potanin said on Thursday during the VTB Bank ‘Russia Calling!’ forum.

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Russia has enough coal for 300 years – Energy Ministry

There is no threat to the country’s energy security thanks to vast domestic supplies, deputy head Sergey Mochalnikov has said Russia has enough coal reserves to last for centuries, deputy head of the country’s Energy Ministry, Sergey Mochalnikov, said on Friday during a board meeting of the Federal Subsoil Resources Management Agency.

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Serbia would sign bumper gas contract with Russia “with both hands” – President Vucic

Belgrade expresses regrets about rejecting Russian gas at beneficial price of $400 as energy crisis in Europe persists Serbian President Aleksandar Vucic says he regrets his November decision to scrap the gas deal offered by Russian President Vladimir Putin. The comment comes amid the energy crunch Europe has been struggling with over recent months.

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