Yeltsin’s limousine put up for sale for $332,495 in St. PetersburgSociety & Culture August 18, 19:46
Sambo wrestling should become trademark of Russian sports — security officialSport August 18, 18:38
Iran may start oil supplies to Russia within monthBusiness & Economy August 18, 18:31
Nord Stream 2 project will be implemented despite sanctions — energy ministerBusiness & Economy August 18, 18:29
Two killed in stabbing in Turku, FinlandWorld August 18, 18:15
Moscow and Ankara agree upon Turkish Stream landfallBusiness & Economy August 18, 18:11
Russia may lift agricultural restrictions from Turkey by October 20Business & Economy August 18, 18:04
Senior official says Kyrgyzstan is interested in military cooperation with RussiaWorld August 18, 18:03
US, NATO fail to help Afghanistan fight drugs — Foreign MinistryRussian Politics & Diplomacy August 18, 18:01
MOSCOW, April 18. /TASS/. Investments into the project of developing the Russian segment of Russia - Japan - Korea - China Asian Energy Ring are tentatively estimated in the amount up to $30 bln, press service of the Russian Far East Development Ministry said on Tuesday citing First Deputy Minister Alexander Osipov.
"Investments into development of the Russian portion of Russia - Japan - Korea - China Asian Energy Ring are provisionally estimated as totaling up to $30 bln. Annual revenues of investing companies may range from $3 bln to $7 bln," the press service said.
Russia as a participant in this initiative has a range of indisputable advantages, Osipov said. In particular, the Far East has nearly all energy resources. The territorial location makes possible to deliver electric power to almost all major energy consumption centers by overhead power lines or subsea cables.
"Developments and justifications made by the Russian Far East Development Ministry, the Russian Ministry of Energy and power companies confirm the possibility of creating up to 10 GW of generating facilities at the first stage. This electric power can be transmitted to Japan, China, the Republic of Korea and other countries. Major consumption centers can be provided with electricity with a significant reduction in its price," Osipov said.