Tag Archives | Russia

Crimea Hills on the shore of Black Sea near Koktebel

Russia Eyes Crimea’s Oil and Gas Reserves

According to Reuters, Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian state-owned enterprise, and then “privatize” it by selling it to Gazprom. “After nationalisation of the company […]

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Ukraine Crisis hits Russian MICEX

Political uncertainty and turmoil on the international typically breeds market volatility, and the unrest in Ukraine has been no exception. As a major producer and supplier of gas to Europe, fears over a conflict with Russia had gas prices tumbling over fears of limited supply. Conversely, oil saw a jump as demand was likely to […]

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