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Exxon Mobil files claim to Stockholm arbitration against Russia — media

ExxonMobil believes its subsidiary overpaid approximately $500 mln profit taxes on its Sakhalin-1 oil and gas project in Russia

MOSCOW, April 2. /TASS/. American Exxon Mobil informed the Russian Energy Ministry on Monday, March 30 about lodging a claim to the Stockholm arbitration requiring changing the interpretation of the Sakhalin-1 project Production-Sharing Agreement (PSA) paragraph on taxes, Vedomosti newspaper reported Wednesday citing Russian Energy Minister Alexander Novak.

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ExxonMobil believes its subsidiary Exxon Neftegas Limited overpaid approximately $500 mln profit taxes on its Sakhalin-1 oil and gas project.

At the time of the PSA signing in the mid-1990s profit tax of 35% was imposed in Russia. Russia reduced the profit tax in 2009 to 20%, but ExxonMobil continued to pay at the earlier level of 35%, although it applies to the Finance Ministry with a request to lower the rate. According to the newspaper, Russia believes that PSA terms are not subject to change within its period of validity.

According to the newspaper, Russia is preparing its propositions and hopes for out of court settlement of the issue.

Earlier in March ExxonMobil CEO Rex Tillerson came to Moscow for talks. Tillerson met with Deputy Prime Minister Arkady Dvorkovich, Energy Minister Alexander Novak, Finance Minister Anton Siluanov, and twice with the Executive Chairman of Rosneft Igor Sechin. As media reported, the officials listened to ExxonMobil arguments, but failed to come to an agreement. The issue will be further discussed by the Russian Government.

ExxonMobil is the Sakhalin-1 project’s operator, 30% belong to the Japanese Sodeco, Rosneft and the Indian ONGC own 20% stake each.

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Airshow China exhibition opens in Zhuhai

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Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

Russia's Oreshnik missile poses significant threat to West, Turkish expert warns

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Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

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Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

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North Korean leader warns of growing risk of nuclear war — KCNA

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Russia’s Oreshnik has no analogues worldwide — Putin

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Belarusian president believes humanity is on the brink of World War III

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Putin’s recent statements reflect long-standing policy, expert says

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Trump to name investor Bessent as Treasury Secretary

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Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

China urges restraint after Russia, Ukraine's exchange of attacks — foreign ministry

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Illegal decisions on Russian property in Finland will not go unanswered — diplomat

Maria Zakharova noted that the Russian Embassy in Helsinki has sent requests to clarify the situation

Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

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Over the day, the enemy lost 150 troops, four motor vehicles, an artillery piece and two mortars

US admiral says Washington should be ready for talks with Russia, China

The Department of State and other US agencies "should continue to engage our competitors in real and substantive dialogue," Rear Admiral Thomas Buchanan said

Putin’s remarks on hypersonic missiles send serious warning to West — Turkish politician

According to the Russian president, it can install a nuclear warhead on this missile, if necessary, Deputy Chairman of Turkey’s Patriotic Party Hakan Topkurulu said

Ukraine was warned about possible missile strike — Pentagon

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Internet shutdown possible in Belarus if events of August 2020 recur, Lukashenko says

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Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

"No, there have been no notifications, for Russia has no such obligation with regard to intermediate-range missiles," Dmitry Peskov emphasized

Oreshnik can reach targets across entire Europe — missile troops commander

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US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

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Here are the key statements, made during the meeting

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Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

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US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

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Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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West beginning to realize only part of Ukraine will remain — Lavrov

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Russia uses aerial bombs to destroy Ukrainian positions near DPR’s Konstantinovka — source

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Daily death toll from Israeli airstrikes on Lebanon nears 60 — health ministry

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Bank of Russia lifts official dollar rate to 102.58 rubles for November 23-25

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Houthis say they attacked Israeli military base with hypersonic missile

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Enemy has no countermeasures for Russia’s Oreshnik missile — Putin

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Lukashenko tells Putin situation is "starting to get tense with Wagner"

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German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

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Kremlin confident Putin's statement got through to US administration

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Oreshnik missile to go into serial production, Putin says

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US not seeking confrontation with Russia, but will continue assistance to Kiev — Pentagon

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Russian strategic missile forces to be equipped with advanced weapon by 95%

"A large-scale investment program for expanding production capacities at defense sector organizations is being implemented", Vasily Tonkoshkurov said

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Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

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Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

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China against double standards in international law — Foreign Ministry

Spokesman Lin Jian highlighted Washington's use of double standards in handling the Israeli-Palestinian conflict within the United Nations

Russia entitled to use weapons against military sites of states attacking it — Duma

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US to impose export restrictions against up to 200 Chinese firms — agency

According to Reuters, the Commerce Department plans to publish the new regulations "prior to the Thanksgiving break"

Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

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Russian military to warn Ukrainian civilians of future Oreshnik attacks — Kremlin

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West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

The former Austrian foreign minister stressed that she "counted on rational Western decision-makers, but irrationality is unfortunately on the rise among them"

Western nations should take Putin's statement seriously, warns Hungarian PM

Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

US, European officials suggest returning nukes to Ukraine — NYT

US officials believe that ramping up weapons supplies to Ukraine is unlikely to change the situation in the combat zone short term, but it may help Kiev strengthen its stance in case a truce is reached

Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

Turning to the Labour Party’s domestic policies, Andrey Kelin said Starmer’s plans to spur the economy were "not met with applause by the population