Completely unnoticed in the Western media, a Russian transport initiative holds promise to revolutionize the maritime carriage of products throughout Eurasia, including the oil and natural gas so hungrily sought by European consumers.

WASHINGTON, Feb. 28 (UPI) -- The good news for Russia is that energy prices are at a world record, and that Russia is now tied neck and neck with Saudi Arabia as the world's leading oil producer, producing around 9 million barrels per day to a world consuming about 84 million bpd. Russia is the largest non-OPEC oil producer and now generates 12 percent of global production.

MOSCOW, July 12 (UPI) -- Russia wants to raise $390 million to invest in the Black Sea port of Sochi, which was chosen to host the 2014 Winter Olympics.

WASHINGTON, Jan. 6 (UPI) -- The United States has reportedly asked Russia to allow more U.S. flights over the Russian Federation linking America, Asia and Europe.

IRKUTSK, Russia, July 10 (UPI) -- The death toll from a weekend plane crash in Siberia reached 122, with six people still unaccounted for, Russian officials said Monday.

SOCHI, Russia, May 22 (UPI) -- Searchers have found the black box or cockpit voice recorder from an Armenian jet that crashed in the Black Sea near the Russian resort of Sochi.

WASHINGTON, March 24 (UPI) -- A global roundup of news and developments in the energy industry.

MOSCOW, March 17 (UPI) -- Russian officials recovered the flight voice and data recorders Thursday from the crash site of an Antonov-24 propeller aircraft in northern Siberia.

MOSCOW, Nov. 3 (UPI) -- Russia plans to charge foreign trucks a toll starting in 2005, Mosnews.com reports.