Tag Archives: Russia

Georgia Promises to Retain Control over Gas Pipeline to Armenia

Georgia’s Minister of Economic Development today repeated earlier assurances that Tbilisi does not plan to sell off the trunk pipeline that feeds natural gas from Russia to Armenia via Georgian territory. The state may offload only a minority share — 15 percent tops — but would retain the controlling stake in the North-South pipeline, Economic Development Minister Vera Kobalia said.

Russia Looking to Create CIS Free Trade Zone by Yearend

Russia’s First Deputy Prime Minister Igor Shuvalov said on Thursday he hoped that CIS member states would create a free trade zone by the end of the year. The statement came during a meeting of the Commonwealth of Independent States’ Economic Council in Russia’s second city of St. Petersburg. Shuvalov said the signing of the relevant agreement was a major task for Russia, who currently holds the rotating chair of the CIS.