2011-01-19

Russia Suspends Most Oil and Gas Disclosures

Russia Suspends Most Oil and Gas Disclosures | Revenue Watch Institute: "These are significant steps backwards from the government's previous, relatively comprehensive public reporting of financial data on the oil, gas and mining industries. The 2010 Revenue Watch Index, which marked the first attempt to measure and compare the information governments disclose about those industries, ranked Russia in the highest of three tiers for transparency."

So what's this about? Using more of the money than usual? Less income than they want to admit? It's not good news in either case or if there's an other reason.

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