Germany hopes to counter Russia’s renewed militarism by promoting economic development and stability.

As the United States aims to counter Russia’s newfound military assertiveness, Germany favors steps to develop Russia economically and ensure its political stability.

Gazprom said Wednesday that if Ukraine did not pay a $2.4 billion debt by Jan. 1, it might more than double the price of natural gas, which would deal a blow to Ukraine’s economy.

Plans for a controversial skyscraper that would have towered over St. Petersburg’s low-slung Baroque skyline have been delayed because of the financial crisis.

A high-level delegation from the Russian energy company Gazprom met in Anchorage with state official to talk about investing in Alaskan energy projects.

Energy experts say that the hostilities between Russia and Georgia could threaten American plans to gain access to more of Central Asia?s energy resources.

The fall of one of Russia?s most prominent foreign investors points to the official corruption that afflicts the country.

After the Czech Republic signed an agreement with the U.S. on an antiballistic missile system that Russia opposes, Prague said the flow of Russian oil was beginning to dwindle.

After the Czech Republic signed an agreement with the U.S. on an antiballistic missile system that Russia opposes, Prague said the flow of Russian oil was beginning to dwindle.

Convening in St. Petersburg, big Western companies sent the message that they may be worried about the political environment in Russia, but that they are there to stay.