Arrest of Rosatom‘۪s U.S. Representative Could Lead to Greater Scrutiny of Russian Nuclear Reactor and Fuel Sales

On Octo­ber 29, 2014, Vadim Mik­erin, a Russ­ian nation­al that serves as Gen­er­al Direc­tor of TENAM USA, a US. sub­sidiary of Rosatom sub­sidiary JSC Tech­snab­ex­port (TENEX), was tak­en into cus­tody and charged ‘‘‘with con­spir­ing to com­mit extor­tion in con­nec­tion with a scheme to obtain con­tracts from a Russ­ian com­pa­ny with­out hav­ing to com­pete for the con­tracts.‘  The charges were announced by the Unit­ed States ...

Businessman, Wang Jing, Announces Launch of First Private Chinese Satellite Constellation

On Octo­ber 26, 2014, Wang Jing, the Chair­man of Xin­wei Tele­com Enter­prise Group ‘‘‘ held a press brief­ing to announce the launch dur­ing the pre­vi­ous month of a low-earth orbit satel­lite from Inner Mon­go­lia in a joint ven­ture with Tsinghua Uni­ver­si­ty.  Accord­ing to Mr. Wang, the satel­lite will be the first of at least 32 satel­lites that will form a mobile com­mu­ni­ca­tions con­stel­la­tion.  This project will ...

Russia‘۪s Sovereign Credit Rating Downgraded

Rat­ings agency, Moody‘s, down­grad­ed Russia‘s cred­it rat­ing on Octo­ber 18 from Baa1 to Baa2, cit­ing poor eco­nom­ic growth prospects, the effects of the Ukraine cri­sis, West­ern sanc­tions and accel­er­at­ed cap­i­tal flight.  Accord­ing to Moody‘s, ‘‘‘The first dri­ver for the downgrade‘‘_relates to the longer term dam­age the already weak Russ­ian econ­o­my is like­ly to incur as a result of the ongo­ing cri­sis in Ukraine ...