Is Russia’s Economy Running Out Of Gas?

Russia Orders Two-Month Detention of Greenpeace Activists

Sent! A link has been sent to your friend’s email address. Join the Nation’s Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs IOC: Russia won’t discriminate against gays in Sochi AP 1:26 p.m. EDT September 26, 2013 Jean-Claude Killy, chairman of the IOC Coordination Commission for Sochi 2014, speaks during a news conference in Sochi, Russia, Thursday. (Photo: Sergei Grits AP) Killy signs off on Russian preparations for Sochi Games He says IOC commission weighed gay rights issue carefully Olympic charter forbids discrimination of any kind SHARE 3 CONNECT 6 TWEET COMMENTEMAILMORE SOCHI, Russia (AP) The International Olympic Committee doesn’t have the authority to intervene in Russia’s law banning gay propaganda and is convinced there will be no discrimination against athletes or spectators at the Winter Games in Sochi, a top Olympic official said Thursday. Jean-Claude Killy, chairman of the IOC Coordination Commission, gave his stamp of approval of Russian preparations for the games during a news conference at the conclusion of the commission’s 10th and final visit to Sochi before the Olympics, which begin on Feb. 7. Russia has come under scrutiny as the next host of the Olympics because of the law passed this summer outlawing “propaganda of nontraditional sexual relations among minors,” which many worry may apply to gay athletes and visitors to the games. Killy said the commission considered the issue carefully and in the end was fully convinced that Russia will respect the Olympic charter, which prohibits discrimination of any kind. He said the IOC had received written assurances from Russian officials there would be no discrimination. “The Olympic Charter states that all segregation is completely prohibited, whether it be on the grounds of race, religion, color or other, on the Olympic territory,” he said in French.

Graeber,Guest blogger / September 26, 2013 Russia’s President Vladimir Putin arrives to attend the Enniskillen G8 summit, at Belfast International Airport, Northern Ireland in June. Peter Muhly/Reuters/File Enlarge The head of the World Bank in Russia saidWednesdayhe was alarmed by the slowdown in the Russian economy. The bank said the Russian economy was slow to emerge from a recession still gripping parts of the eurozone despite recovery elsewhere in the world. It said the government’s investment activities slowed down in part because of the completion of the Nord Stream natural gas pipeline through the Baltic Sea. Its dependence on oil and natural gas exports, meanwhile, exposed the Russian economy to additional risks. With Europe finding new sources of natural gas, and Asian economies looking at Canadian markets, the Russian economy is starting to retreat behind the former Iron Curtain. OilPrice.com offers extensive coverage of all energy sectors from crude oil and natural gas to solar energy and environmental issues. To see more opinion pieces and news analysis that cover energy technology, finance and trading, geopolitics, and sector news, please visit Oilprice.com . Recent posts The Christian Science Monitor Weekly Digital Edition The World Bank said it revised its growth projection for the Russian economy from its May estimate of 2.3 percent to 1.8 percent for 2013. “The economy appears to be growing close to its capacity, constrained by feeble investment activities and a tight labor market,” Birgit Hansl, World Bank coordinator for economic policy in Russia, said in a statement. (Related article: Why Canada’s Oil Future isn’t Going South ) RECOMMENDED: Fracking. Tight oil.

The court in the Arctic port city of Murmansk denied bail for U.S. national Pete Wilcox, the captain of the Greenpeace ship Arctic Sunrise, along with crew members and activists from Russia and at least 10 other countries. A Russian photographer was on board as well. Several other activists were ordered held for 72 hours pending an investigation into their roles. The activists were arrested for attempting to board Russia’s only offshore oil production platform in the Arctic. If found guilty of piracy, they could be jailed for up to 15 years. Russia’s Investigative Committee spokesman Vladimir Markin said Wednesday that some of of them could be released from prison before the two months are up, depending on what investigators find. President Vladimir Putin said Wednesday that the Greenpeace campaigners are not pirates. However, he added, by attempting to board the oil rig Greenpeace violated international law and endangered the well-being of both the workers on the rig and the activists. On Thursday, the Paris-based press freedom watchdog Reporters Without Borders said that the two-month preventive detention of the Russian photographer, Denis Sinyakov, “constitutes an unacceptable violation of freedom of information.”