FIAT will receive 35% of Chrysler in exchange for technology One of the three representatives of the “Detroit Three”, the Chrysler automaker, which is also one of the main candidates for bankruptcy, received a chance to survive. The largest Italian automaker, FIAT, extended a helping hand to him. As the companies said in a joint statement, yesterday they signed a partnership agreement, according to which FIAT will receive a 35% stake in the American auto giant without paying a penny for it.

Germany opens a new chapter in European energy The three-day 16th Energy Congress, which began yesterday in Berlin, held annually under the auspices of the largest German business newspaper Handelsblatt, coincided with the resumption of Russian gas supplies through the territory of Ukraine. This event gave acute relevance to discussions about trends in the development of European energy policy.

The European Commission is going to reduce energy dependence on Russia Another gas war between Russia and Ukraine has formally ended. Gas transit has begun to recover, and the parties are gradually revealing the details of the signed agreements. Europeans have mixed feelings. On the one hand, we should be glad that the conflict, during which they found themselves hostage to entangled political and commercial interests in Moscow and Kyiv, is over.

Tax payments stopped the fall of the ruble Russian banks, which have been actively buying up the rising dollar and euro over the past two weeks, have felt a shortage of ruble liquidity. Yesterday, rates on the interbank lending (IBC) market doubled, to 20% per annum, and the volume of repo transactions reached a record 665 billion rubles. Market participants needed rubles to make tax payments, which began yesterday.

The government of St. Petersburg withdraws from the Okhta Center construction project At a meeting of the government of St. Petersburg on Tuesday, there was another confirmation that the authorities of the northern capital are refusing to finance the construction of the business “Okhta Center”, known among citizens as a “gas scraper” and which caused a lot of protests among defenders of the historical center.

Norilsk Nickel shareholders are looking for a way to consolidate the industry The main shareholders of MMC Norilsk Nickel yesterday at a meeting chaired by one of the government's vice-premiers discussed options for consolidation in the mining and metallurgical industry.

E.ON Ruhrgas believes in the strength of the new Russian-Ukrainian contract E.ON Ruhrgas, the largest importer of Russian natural gas in Germany, is preparing to restore normal operation of its gas transmission plants in the very near future.

The government approved the strategy for the development of the Russian financial market until 2020 The Russian stock market is moving downwards, the RTS index updated its five-year minimum yesterday, approaching the 500 point mark. Falling oil prices and the devaluation of the ruble were complemented by external negative factors: European markets were under pressure from news about the plight of British banks, and the US market received disappointing corporate reports.