Subscribe free to our newsletters via your
. 24/7 Space News .




SUPERPOWERS
Russia continues Asian pivot
by Daniel J. Graeber
Moscow (UPI) Mar 30, 2015


disclaimer: image is for illustration purposes only

With Russian energy interests pivoting east, the head of Russian bank VTB said Monday he was looking to get listed on the Chinese stock exchange.

Andrei Kostin said, on his way to an Asian investment forum, that his bank was requesting a rating from China's Dagong Global Credit Rating Co.

"We are heading in that direction," he said. "It is the right decision given the current situation."

Rating is one of the preliminary steps toward entering the Chinese stock exchange as a listed company.

The Chinese rating agency in early March gave Russian energy company Gazprom Neft a AA credit rating, denoting a stable outlook for its debt portfolio and long-term production potential.

Parent company Gazprom received one of its best outlooks in the industry, a AAA, despite sanctions imposed on Russia's energy sector in response to crises in Ukraine.

China's credit enthusiasm contrasts ratings from Western agencies. Ratings agency Moody's in February lowered its assessment of seven Russian financial institutions, including the banking arm of Gazprom, because of recessionary threats.

Sanctions on banking and energy companies, in conjunction with the low price of oil, have struck a major blow to the Russian economy. The U.S. Treasury Department placed VTB on its list of Russian entities sanctioned because of the Kremlin's stance on lingering crises in Ukraine.

Russia's pivot toward the Asia-Pacific offers a buffer against a European Union frustrated with the former Soviet Union's influence in the regional energy sector. The European market gets about a quarter of its gas from Russia, though most of that runs through Ukrainian pipelines.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SUPERPOWERS
Moscow-friendly Greece could 'paralyse' NATO
Warsaw (AFP) March 25, 2015
A Moscow-friendly Greece could paralyse NATO's ability to react to Russian aggression, former US national security adviser Zbigniew Brzezinski warned Wednesday. Athens could use its veto to slow the alliance's response if Russia set its sights on its Baltic member states, he told Poland's Dziennik Gazeta Prawna. The Cold War-era hawk, who worked for president Jimmy Carter from 1977 to 19 ... read more


SUPERPOWERS
Extent of Moon's giant volcanic eruption is revealed

Yutu Changes Everything We Thought We Knew About Our Moon

Extent of moon's giant volcanic eruption is revealed

NASA's LRO Spacecraft Finds March 17, 2013 Impact Crater and More

SUPERPOWERS
NASA's Opportunity Mars Rover Passes Marathon Distance

NASA rover completes 11-year Mars marathon

Mars has nitrogen, key to life: NASA

India's frugal Mars mission extended by six months

SUPERPOWERS
50 years ago today, space welcomed its first sandwich

Small Staff has Big Impact Showing How NASA Can Engage Students

TED Prize winner wishes for archive of human wisdom

The Science Of The Start-Up

SUPERPOWERS
China completes second test on new carrier rocket's power system

China's Yutu rover reveals Moon's "complex" geological history

China's Space Laboratory Still Cloaked

China has ability but no plan for manned lunar mission: expert

SUPERPOWERS
One-Year Crew Set for Launch to Space Station

Russia, US May Sign New Deal to Send Astronauts to ISS

Lockheed Martin reveals new method for resupplying space station

Testing astronauts' lungs in Space Station airlock

SUPERPOWERS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Soyuz ready March 27 flight to deploy two Galileo navsats

DoD Works to Build Competition Into Space Launches

Kosmotras Denies Reports of Suspending Russian-Ukrainian Launches

SUPERPOWERS
Planets in the habitable zone around most stars, calculate researchers

Our Solar System May Have Once Harbored Super-Earths

SOFIA Finds Missing Link Between Supernovae and Planet Formation

ESA's CHEOPS Satellite: The Pharaoh of Exoplanet Hunting

SUPERPOWERS
Japan military eyes recruits with cutesy smartphone game

USMC orders targeting system from Elbit Systems America

Additives to biodegrade plastics don't work

Better debugger




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.