Severstal

Arrival of Russian superyacht pits Hong Kong against US

Hong Kong's leader John Lee said Tuesday he will only implement United Nations sanctions, after the U.S. warned the territory's status as a financial center could be affected if it acts as a safe haven for sanctioned individuals.

Lee's statement Tuesday came days after a luxury yacht connected to Russian tycoon Alexey Mordashov docked in the city.

Russian Companies Still Deliver Pipes for South Stream to Bulgaria – Vedomosti

Pipe companies still deliver pipes for the halted South Stream pipeline project to Bulgaria, reports the Russian business daily Vedomosti.

According to a source in one of the Russian pipe companies, it didn't get any official notification on the termination of the pipeline project and it continues with the fulfilment of the contract.