The government supported the introduction of cashback for travel on toll roads in the summer

The Ministry of Transport supported the proposal of State Duma deputies to introduce a cashback program for travel on toll roads in the summer. This is stated in the department’s response to the letter of State Duma vice-speakers Sergei Neverov, Sholban Karaool (both from “United Russia”) and Vladislav Davankov (“New People”) to Prime Minister Mikhail…

Read More

Are British sanctions against Vladimir Potanin dangerous for Norilsk Nickel?

On June 29, the British government included Vladimir Potanin, the largest shareholder of Norilsk Nickel, in the sanctions list, the press service of the British Parliament reported. The sanctions were imposed due to Russia’s special military operation (SVO) in Ukraine. The new British sanctions list includes a group of individuals, including the chairman of the…

Read More

Retailers have filed lawsuits for 325 million rubles to the IML courier service

Cosmetic brand “L’Oxitan”, “Monex Trading” (brands Mothercare, Next, The Body Shop, MAC, Victoria’s Secret, etc.), “Double Trend” (one of the brands of Jeans Symphony), as well as a number of home appliance stores, Electronics and various counterparties from May 12 to June 22 filed 24 lawsuits against the IML courier service totaling more than 325…

Read More

German Linde has stopped deliveries for the largest chemical complex in Ust-Luga

The German company Linde GmbH withdrew from a joint venture with Rushimalyans (50% each from Gazprom and Rusgazdobycha Artem Obolensky) for the production of helical cryogenic heat exchangers for the gas processing industry and gas liquefaction. According to the Unified State Register of Legal Entities, as of June 21, Rushimalyans is a 100% owner of…

Read More

Russia has moved Saudi Arabia into China’s oil market

In May 2022, Russia exported 55% more oil to China than in May last year and became Beijing’s largest supplier, surpassing Saudi Arabia, Reuters reported on June 20. According to China’s General Customs Administration (quoted by Reuters), Russian oil imports, including supplies through the Eastern Siberia-Pacific Ocean (ESDP) pipeline and shipping from European and Far…

Read More

Sistema JSFC became interested in IKEA furniture factories

The purchase of furniture factories by the Swedish company IKEA is interesting for Sistema, Vladimir Yevtushenkov, the main owner of the investment company, told Vedomosti. Such a deal could give synergies with the Segezha Group timber holding, he said. So far, Sistema is not negotiating with IKEA, which announced on June 15 the sale of…

Read More

Yandex.Market will sell used luxury goods

Yandex.Market has started selling used bags from well-known luxury brands – Louis Vuitton, Saint Laurent, Dior, Prada, Gucci, Chanel, Fendi, Balenciaga, Bottega, said a representative of the marketplace. The corresponding section has already appeared on his website, the average price of goods there exceeds 100,000 rubles, the Vedomosti correspondent was convinced. The project partner there…

Read More

OPEC + is forcing the increase in oil production

Following the ministerial meeting of the members of the agreement, the parties to the OPEC + deal decided to increase the quota for oil production for July and August 2022 to 648,000 barrels per day (bpd) per month. The previous plan provided for a monthly increase from May to September inclusive of 432,000 bpm per…

Read More

Gazprom’s deliveries abroad fell by almost a third

Gazprom’s exports to foreign countries in the five months of 2022 decreased by 27.6% compared to the same period last year and amounted to 61 billion cubic meters. m of gas, the company said on June 1. As a result, in January-May it reduced production to 211.4 billion cubic meters. m, which is 4.8% (or…

Read More

Russian airlines are preparing to pay for the leasing of foreign aircraft in rubles

10 Russian airlines have opened ruble C-type accounts with banks to transfer payments for aircraft to leasing companies from unfriendly countries. These are “Aeroflot”, “Victory”, “Russia”, S7 Airlines, Smartavia, “Yakutia”, “Alrosa”, “Yamal”, “Polar Airlines”, “Aurora”. Five other carriers – Ural Airlines, Izhavia, Nordstar, Rusline, and I-Fly – are in the process of opening such accounts.…

Read More

French luxury clothing and accessories brand Jacquemus has refused to supply Russia

Two of his local partners have said that Jacquemus, created by French fashion designer Simon Jacquem, has decided to stop supplying its products to Russia. One of the consultants who worked with the company also knows about this. This is a personal decision of Jacques, it is connected with the special operation of Russia in…

Read More

Russians will be banned from taking more than 10 kg of red caviar from Kamchatka by plane

Russians may be banned from exporting Kamchatka red caviar from the region weighing more than 10 kg, made in a non-industrial way, in hand luggage or aircraft luggage. A draft federal law providing for such an experiment from the date of its entry into force until August 1, 2025, was prepared by a group of…

Read More

American shoe and clothing manufacturer Nike is leaving Russia

Nike has not renewed its franchise agreement with Inventive Retail Group (IRG), which owns the country’s largest single-brand retail chain. This follows from a letter from IRG President Tikhon Smykov to employees of the company that Vedomosti was acquainted with. He explains this decision by the fact that Nike cannot “in the foreseeable future” organize…

Read More

A simplified version of the Lada Granta will be available from dealers in the second half of June

The first model of “AvtoVAZ”, which will be released after a long downtime, will be Lada Granta in a simplified version. They are expected to enter showrooms in the second half of June, car dealers interviewed by Vedomosti said. According to the chairman of the board of directors of BN-Motors Alexei Podschekoldin, there is no…

Read More

Belaya Dacha invests 1 billion rubles in salad production in Novorossiysk

Belaya Dacha has started construction in Novorossiysk of the first stage of the Salads from the Sea production complex for growing head lettuces in irrigated open ground and baby salads in tunnel film greenhouses. A company representative told Vedomosti about this. The project itself will be implemented on an area of ​​850 hectares, its design…

Read More

Shell has left the joint venture with Gazprom Neft in Gidan

The British-Dutch oil and gas company Royal Dutch Shell has withdrawn from the authorized capital of the joint venture with Gazprom Neft, Gidan Energy. According to an extract from the Unified State Register of Legal Entities, Gazprom Neft has been the sole owner of the joint venture since May 19. Vedomosti sent a request to…

Read More

Poland has given up Russian gas ahead of schedule

The Polish authorities have decided to terminate the contract for the supply of Russian pipeline gas to the country, which could continue until the end of 2022, said on May 23 the representative of the government’s strategic energy infrastructure Peter Naimsky on Polish Radio. “After 30 years, we can say that relations in the gas…

Read More

Reagents for laboratories may be included in the parallel import list

The Ministry of Industry and Trade of Russia may include in the list of goods for parallel import reagents, consumables and equipment for laboratory diagnostics, if these products will be in short supply on the market, a representative of the department told Vedomosti. According to him, such a mechanism provides for the import of goods…

Read More

AvtoVAZ will be headed by former Minister of Transport Maxim Sokolov

The shareholders of AvtoVAZ have decided on a new configuration of the car concern’s management. The current vice-governor of St. Petersburg and ex-Minister of Transport of the Russian Federation Maxim Sokolov will become the president of AvtoVAZ instead of the Frenchman Nicolas More. The chairman of the company’s board of directors will be the Minister…

Read More

The Ministry of Transport’s bill on unmanned vehicles was considered crude

The Presidential Council for Codification did not support the bill of the Ministry of Transport “On highly automated and fully automated vehicles” (PTS). The conclusion is at the disposal of “Vedomosti”. A document establishing rules for unmanned vehicles capable of driving without human intervention was developed in June 2021. According to him, their owners must…

Read More

Pharmaceutical companies are in no hurry to revise the prices of vital medicines

Despite the fact that the Russian government in late March this year allowed to increase the marginal selling price of vital drugs (ZHNVLP) at risk of shortage or deficit due to changes in foreign exchange rates, the number of applications from pharmaceutical manufacturers has not changed compared to last year. A representative of the Federal…

Read More

Renault Duster will go to AvtoVAZ – Vedomosti

After leaving Russia, its main shareholder, the French Renault, will be able to produce the Renault Duster crossover under the Lada brand. Two sources in the Ministry of Industry and Trade of the Russian Federation told Vedomosti about this. According to one of them, we are talking about the release of the second generation crossover.…

Read More

Why Lukoil buys Shell gas stations in Russia

Lukoil will buy the Russian “daughter” of the British-Dutch oil and gas company Shell, which owns a refueling network and a lubricant plant in the country, the company said. We are talking about 411 gas stations located mainly in the Central and North-Western federal districts, as well as a plant for the production of lubricants…

Read More

Foreign pharmaceutical distributors stop or reduce work in Russia

The Dutch distributor IMCD, which imports substances and auxiliaries for the release of drugs, is leaving the Russian market and closing offices in Moscow and St. Petersburg. He announced this on his official website. In our country, the company worked with the pharmaceutical companies Grotex and Vertex, and the share of its deliveries for some…

Read More

Alcohol producers and distributors have difficulties with the supply of products

Alcohol producers and distributors were unable to ship products to their customers on the first holidays of May due to a large-scale failure of the Unified State Automated Alcohol Accounting Information System (EGAIS). This was reported to Vedomosti by four participants in this market, a representative of a major retailer and an employee of the…

Read More

Gazprom reported record profits for the fourth quarter and the whole of 2021

In 2021, Gazprom earned 2.09 trillion rubles. net profit under IFRS against 135 billion rubles. a year earlier. The company announced this on April 28. The monopoly’s revenue increased by 62% and reached 10.24 trillion rubles, EBITDA increased 1.5 times during the reporting period to 3.69 trillion rubles. Net revenue from gas sales increased by…

Read More

The largest long-term construction was completed on the Amur River

The construction of the Russian part of the railway bridge across the Amur between Russia and China has been completed in the Jewish Autonomous Region (EAO). The test team drove through it on April 27. Deputy Prime Minister Yuri Trutnev said during the opening ceremony that Russia is ready to launch a regular movement and…

Read More

After a month of high demand, drug sales have stabilized

Drug sales stabilized after the March rush, according to the weekly monitoring of the analytical company DSM Group. According to her, in the period from February 28 to March 6 (ie, almost immediately after the start of the special operation in Ukraine), the Russians bought 146 million packages of various drugs. This is 1.5 times…

Read More

The European Union may impose a ceiling on the price of Russian oil

The EU may impose a marginal price on imported Russian oil to cut Russia’s revenues, the Financial Times (FT) reported, citing its own source. Such a measure is being considered in the preparation of the next (sixth) package of sanctions against Russia due to a special military operation in Ukraine. Valdis Dombrovskis, vice-president of the…

Read More

Vegetarian food has risen by up to 30% due to logistics problems

Certain food for vegetarians from suppliers has risen by a third since the beginning of the special operation in Ukraine. This follows from a survey of retailers and restaurateurs conducted by Vedomosti. Thus, tofu prices rose by 30% in March-April, says the owner of the restaurant “Chinese News” Stanislav Lisichenko. Co-owner of the Doubleby coffee…

Read More

Services of private medical clinics go up to 20%

Prices in large private multidisciplinary clinics after the start of the special operation in Ukraine increased by 5-15% depending on the service, calculated “Vedomosti”, analyzing their price lists on the sites and interviewing their representatives. The cost of the most popular services starting from March 3 was compared. For example, at the Mother and Child…

Read More

Cider producers can receive support from the state

Russia’s First Deputy Prime Minister Andrei Belousov instructed the Ministry of Agriculture and the Ministry of Finance to consider granting cider the status of agricultural products (similar to domestic wine) as one of the measures of state support for the economy. This follows from the minutes of the meeting that Vedomosti reviewed. The representative of…

Read More

The IEA predicts a decline in oil production in Russia in the coming months

Sanctions due to a special military operation in Ukraine may lead to a decrease in oil production in Russia in April 2022 by 1.5 million barrels per day (bpd) compared to the previous month. This forecast is given by the International Energy Agency (IEA) in a monthly review published on April 13. According to the…

Read More

Obi stores in Russia will open soon

Obi stores will open “as soon as possible,” said Dmitry Galantsev, a partner at Propositum law firm, which represents the retailer’s interests in the deal to sell it. To do this, according to him, it is necessary to update the cash terminals, clean the premises, expand the security staff, providing more employees at the company’s…

Read More

German Obi will sell its business in Russia

German Obi GmbH is entrusting its Russian business chain Obi to the founder of the Audit Group consulting group and Cesar Consulting law firm Boris Lyuboshitsa. This was reported to Vedomosti by Dmitry Galantsev, a partner at the Propositum law firm, which is involved in the deal on behalf of Obi. A representative of Cesar…

Read More

“Abrau-Durso” expands the resort area in the Krasnodar Territory EXCLUSIVE

The Abrau-Dyurso group of companies plans to build six more hotels (with 950 rooms) of the 4-5 star category on the territory of the resort of the same name in the Krasnodar Territory. Irina Goncharova, her vice president for tourism and special projects, told about it. According to her, the new project will also include…

Read More

Highland Gold will buy gold mines in Russia from Canadian Kinross

Highland Gold Vladislav Sviblov has agreed to buy Russian gold mining assets from the Canadian company Kinross Gold, both sides said in a deal on April 5. The purchase will amount to $ 680 million. The deal includes the Kupol and Dvoynoye mines in Chukotka, the Chulbatkan project in the Khabarovsk Krai, a number of…

Read More

Canadian Kinross Gold will sell gold mining assets in Russia

Canada’s Kinross Gold has begun talks to sell its gold mining assets in Russia, the company said on March 30. Kinross says it has received several offers to sell Russian business and is in “exclusive talks with an unaffiliated, non-sanctioned mining company” about the possible sale of all assets in Russia. The press release states…

Read More

IEA expects oil production in Russia to fall by 30%

Due to Russia’s special military operation in Ukraine and related disruptions in oil supplies, global demand for oil in 2022 will increase by only 2.1 million barrels per day (bpd), according to a March report by the International Energy Agency ( IEA). In February, the IEA expected demand to grow by 3.2 million bpd. Global…

Read More

Ukraine “nationalizes” the cars of the largest Russian companies

Ukrainian Railways (Ukrzaliznytsia, UZ) intends to nationalize Russian freight cars in Ukraine. This was stated on March 15 by Chairman of the Board Alexander Kamyshin, whose words are quoted on the company’s website. β€œAt the first stage, we are compiling a list of car owners who have Russia among their founders. Then there will be…

Read More

Confectionery prices rise by an average of 20-30%

Major federal and regional retailers have received notifications from confectionery manufacturers demanding higher sales prices for their products from today. Employees of three retailers told Vedomosti about this and confirmed a representative of the Eastern Union alliance (uniting the largest networks in the Siberian and Far Eastern federal districts of Russia – Krasny Yar, Samberi…

Read More

Authorities have announced new measures to support farmers

The Russian government is discussing a set of measures to support the agro-industrial industry against the background of imposing sanctions on the country and raising the key rate to 20%. A total of 44 billion rubles is planned to be allocated from the federal budget for the sowing campaign, soft loans and leasing for agricultural…

Read More

Gasoline is becoming more expensive in Europe due to the energy crisis and geopolitics

In European countries in January-February 2022, retail gasoline prices rose by an average of almost 7%. According to the platform fuelo.net, in just two months (as of March 1) the cost of a liter of AI-95 at gas stations rose in Romania – by 14.2% to 1.41 euros. The highest prices were recorded in the…

Read More

UC Rusal has stopped the plant in Ukraine

The UC Rusal company founded by Oleg Deripaska stopped production at the Nikolaev alumina plant in Ukraine against the background of military special operation of Russia, the company reported on March 1. The release explains that production has been temporarily suspended “due to unavoidable logistical and transport problems in the Black Sea and surrounding areas.”…

Read More

Grain producers are asking for a refund of export duties

Grain producers are asking for a refund of floating export duties (damper – “Vedomosti”) in the form of subsidies, as well as to increase the volume of soft loans. The Union of Grain Exporters addressed a letter to Prime Minister Mikhail Mishustin. Vedomosti got acquainted with him. A union representative confirmed his dispatch. Requests to…

Read More

Importers began to refuse to supply cars to Russia

Due to the difficult situation “according to all indicators”, the German brand Audi stops shipments of cars to Russian dealerships from February 24, according to a letter from the automaker to Russian partners. Vedomosti got acquainted with the document. Cars that have passed Russian customs and are scheduled to be shipped from the importer’s warehouse…

Read More

Oil, gas and other commodities are becoming more expensive

World commodity prices, including oil and gas, accelerated on February 24 amid Russia’s special military operation in Donbass and Ukraine. The price of Brent North Sea crude oil rose by 8.3% to the previous day’s trading session, to $ 104.8 per barrel – for the first time since mid-August 2014, according to ICE. US WTI…

Read More

Russia will sign two special investment contracts for electric vehicles

Both applications received by the Ministry of Industry and Trade for special investment contracts (SPIK 2.0) for the development and implementation of electric vehicles in Russia from Motorinvest and Elektromobili Manufacturing Rus were recognized as the winners of the competitive selection. This is stated in a statement issued by the Ministry on February 21 following…

Read More

Chinese taxi service Didi leaves Russia

Didi taxi aggregator, owned by the Chinese company Didi Chuxing, will stop working in Russia and Kazakhstan on March 4, 2022, a service representative told Vedomosti. According to him, today the drivers and partners of the aggregator were informed about the decision. The interlocutor explained that the company will not be able to “ensure the…

Read More

Binnopharm Group buys the rights to antibacterial drugs from the Indian Dr.Reddy’s

Binnopharm Group, a member of Sistema JSFC, has agreed to buy from the Indian company Dr. Reddy’s owns two antibacterial brands – Ciprolet and Levolet – for sale in Russia, Belarus and Uzbekistan. This is stated in the message of Dr. Reddy’s, published on the website of the National Stock Exchange of India. A representative…

Read More

Yandex has aimed for half a trillion rubles in revenue in 2022

Yandex forecasts revenue growth of up to 490-500 billion rubles. in 2022, according to the company’s G21 report for 2021 published on February 15. In 2021, the company increased revenue by 54% to 356.2 billion rubles. Adjusted net profit for the year fell by 55% to 8 billion rubles., Net loss for the same period…

Read More

BMW decided to stay in Russia

Production of BMW cars at Kaliningrad’s Avtotor will continue “in accordance with the development priorities of the Russian car industry,” a representative of Avtotor told Vedomosti. This involves the transition from screwdriver assembly of premium foreign cars to full-cycle production, which includes welding, painting and assembly of machines. The assembly of BMW at Avtotor started…

Read More

Vkusville is reducing the number of products under third-party brands

Vkusville is radically reducing the range of the Supermarket section, which sells products under third-party brands, including those that do not coincide with the retailer’s concept (sweet soda, chips, etc.) focused on healthy eating. This was reported by a source close to the retailer. According to him, the remnants of such products are being sold…

Read More

Ukraine is complaining to an American court about the threat of war with Russia

Ukraine has appealed to the Federal Court of the Southern District of New York (USA) to deny Tatneft a lawsuit against representatives of 52 banks as part of a recovery in favor of the oil company $ 173 million for the loss of a stake in Kremenchug refinery, according to Bloomberg. Citigroup Inc., JPMorgan Chase…

Read More

The low-cost carrier S7 Citrus was allowed to carry passengers

Citrus Group’s new low-cost carrier has received an operator’s certificate, S7 said. This document is necessary for the launch of commercial air transportation, it confirms the airline’s compliance with Russian legislation. According to the report, Citrus received a certificate of operation on the basis of the legal entity Globus, which is also part of the…

Read More

Wine in Russia may rise in price by 15% due to labeling

The Wine Union Association (which includes Kuban Wine, Phanagoria, Milstream Black Sea Wines, etc.) addressed a letter to Russian Deputy Prime Minister Dmitry Grigorenko about the inexpediency of introducing the Honest Sign label for wine products. The general director of the association Boris Katryukhin confirmed his sending to Vedomosti. A government spokesman said the document…

Read More

BP receives quarterly profit of $ 555 million from participation in Rosneft’s capital

BP estimates the pre-tax profit and interest income for the fourth quarter of 2021 from its shareholding in Rosneft at $ 555 million, according to a report by the British oil and gas company published on February 8. In the third quarter of 2021, BP’s profit from participation in the Russian company’s capital amounted to…

Read More

Power engineers want to turn off the light to the “gray” miners

The Association of Guaranteeing Suppliers and Energy Sales Companies (SOEs and ESCs) has proposed allowing power engineers to disconnect illegal cryptocurrency miners from power. Such a letter was sent on February 2 to the State Duma Committee on Energy and was later published on the organization’s website. In the document, the head of the association…

Read More

Shoe maker Westfalika has announced a bond default

Shoe retailer OR Group (until June 2021 it was called “Shoes of Russia”) announced a default on bonds issued by BO-07. We are talking about the securities that the company listed on the Moscow Stock Exchange in 2017. Since then, it has paid 408 million rubles. But on January 20, it failed to repay the…

Read More

Gazprom demanded that Poles share $ 430 million

Gazprom has filed a lawsuit against the Polish state oil and gas company PGNiG. The Polish company announced this on February 2, the information was confirmed to Vedomosti by Gazprom. The lawsuit was filed in accordance with UNCITRAL regulations, the UN Commission on International Trade Law. It has been in operation since 1976 and is…

Read More