News on Russia.

EU blacklists major Russian shipyard due to Crimea conflict

JSC Zaliv Shipyard, a major Russian yard that builds both container ships and tankers, has now been added to the EU's sanction list because it participated in the construction of the Kerch bridge to the annexed Crimea penninsula. This is the first time a yard has been added to the list.

Tanker sets new record on the Northern Sea Route

Sovcomflot's huge LNG tanker vessel Christophe de Margerie (photo) has set a new time record for sailing north of Russia in July from the Yamal Peninsula to the Bering Strait without assistance from ice-breakers.

Russian gas pipeline could threaten shipping

If Denmark says no to a Russian gas pipeline due to political reasons, it could impact safety for ships in the Baltic Sea, as the project will instead be placed beyond the reach of Danish authorities in trafficked waters.

Russia hit with million-dollar fine after oil protests

An international court has sentenced Russia to pay USD 6 million in fines in a case related to Russia's imprisonment of 30 Greenpeace activists in 2013. The activists were protesting against oil drilling near the Arctic when Russian special forces boarded their ship.

Rosneft finds first oil in the Arctic

Russia's oil company has discovered first oil in the eastern part of the Arctic region. The company is now working to estimate the scope of the new oil field.

Gazprom benefits from EU thirst for gas

When winter struck Europe, Gazprom could warm itself on the continent's gas consumption. The Russian gas company is seemingly unaffected by political criticism from the EU.

Dwindling profits for Sovcomflot in Q1

Russian tanker carrier Sovcomflot – despite a weak market – finished the first three months of 2017 with a profit in the company's perhaps last interim report before an IPO.

Sovcomflot saw profits slide in 2016

Last year's fluctuations in the tanker market were severely testing for the sector, says state-owned Russian tanker carrier Sovcomflot after publishing an annual report showing a setback in profits compared to 2015.

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