• Large gardeners will arrange free supplies to retirees in Moscow and the region

    Large gardeners will arrange free supplies to retirees in Moscow and the region

    Several large producers of greenhouse vegetables, members of the association “Greenhouses of Russia”, have decided to provide free of charge to retirees vegetables from their businesses. Among the enterprises are the Moscow suburban producer “Agroculture Group”, “Vegetable Valley” (production in the Lipetsk region), GD “My Summer” (grows vegetables in the Kaluga region) and “Vegetable Grower” (Volgograd region). The initiative was reported to Vedomosti by Alexei Sitnikov, president of the Russian Greenhouses Association, and confirmed by representatives of the Group’s Agriculture Group, Vegetable Valley and My Summer. The request to the Vegetable Grower remained unanswered. The association addressed the mayor of

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  • Diamond producers are losing buyers because of the coronavirus

    Diamond producers are losing buyers because of the coronavirus

    De Beers is refusing to hold a third cycle of diamond sales this year because of the coronavirus, she said on March 30. The fight against the pandemic has led to restrictions on the movement of people and goods, according to a press release from the company (it is the second largest diamond producer in the world). De Beers conducts 10 trading cycles a year. The third was to take place this week, and the company offered its customers to postpone the purchase of all planned diamond raw materials, and promised to find “innovative ways to sell products soon.” There

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  • Sales of seeds and goods for the country took off because of the coronavirus

    Sales of seeds and goods for the country took off because of the coronavirus

    Sales of seeds in major online stores rose sharply in March, said market participants interviewed by “Vedomosti”. At Ozon in March, seed sales grew by 20-30% year on year. On goods.ru sales of seeds increased 13-16 times for March 16-29 year to year. According to the Ozon representative, seeds of cucumbers, tomatoes, pumpkins and carrots, as well as greens – dill, parsley and onions – were in the greatest demand. Similar statistics in goods.ru, says his spokesman, noting also the high demand for seeds of cabbage, zucchini and others. Other major sellers were able to cite statistics only at the

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  • There is no one to harvest in Europe and the United States

    There is no one to harvest in Europe and the United States

    Due to the coronavirus pandemic, farmers in many countries have faced a problem – the lack of seasonal migrant workers who harvest every year. In order to avoid food shortages after the quarantine imposed by the authorities, some governments are calling on the farms of people who have lost their jobs in other areas. Such a problem is now observed in Europe and the United States. In Spain, Italy and southern France, strawberry and asparagus crops are already deteriorating, and later there may be problems with growing other crops in more northern areas, writes Bloomberg. “You can handle a bad

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  • The Ministry of Agriculture wants to limit grain exports

    The Ministry of Agriculture wants to limit grain exports

    The Ministry of Agriculture has proposed to introduce a quota for the export of the most important for the Russian market cereals (wheat, corn, barley and rye) in the amount of 7 million tons for the period from April 1 to the end of the season, ie. by June 30, 2020, the Ministry has already developed a draft government resolution. This measure is aimed at maintaining stability in the food market of Russia and the Eurasian Economic Union (EAEU) in the current economic environment, the agency said. An explanatory note to the draft government decree says that the export of

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  • Oil producers are asking to ban the export of sunflowers

    Oil producers are asking to ban the export of sunflowers

    Russia’s Oil and Fat Union, which includes the largest producers of sunflower oil, has proposed Agriculture Minister Dmitry Patrushev to ban the export of sunflower seeds for six months from April 1. “Vedomosti” got acquainted with a copy of the letter, its sending and authenticity were confirmed by the executive director of the union Mikhail Maltsev. The press service of the Ministry of Agriculture did not answer the questions. Due to lower oil prices, the devaluation of the ruble in Russia has become more expensive sunflower – an average of 20% or more over the past few weeks, writes Maltsev.

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  • The coronavirus has hit the aviation industry

    The coronavirus has hit the aviation industry

    Demand for air travel has declined sharply due to the spread of coronavirus and flight restrictions in many countries. This creates big problems not only for airlines but also for aircraft manufacturers and their suppliers. Major US airlines are even preparing for a possible voluntary suspension of virtually all domestic flights due to declining demand, according to The Wall Street Journal, citing industry participants. The country’s authorities are also thinking of issuing a decree. American airlines have already canceled most international flights and announced plans to reduce the number of domestic by 40%. In total, the world’s airlines could lose

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  • Production of copper and platinum group metals will decline due to coronavirus

    Production of copper and platinum group metals will decline due to coronavirus

    South African President Cyril Ramaphosa announced on March 24 the closure of a number of plants for three weeks due to the spread of coronavirus. The restrictions will take effect on March 26 and can be extended for three months. South Africa accounts for 70% of world platinum supplies and 35% – palladium. Even a 21-day cessation of production could lead to a reduction in supplies from the country by 4 and 2% respectively by 2020, according to a report by VTB Capital. This will support platinum group metal prices in the short term, experts say. Palladium on March 24

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  • Russia’s largest fitness industry companies are asking the government to help

    Russia’s largest fitness industry companies are asking the government to help

    All entrepreneurs and organizations in the field of physical culture and sports who have stopped working because of the coronavirus, suffer heavy financial losses, will be forced to lay off staff and risk bankruptcy. The industry needs government support. This is stated in a letter addressed to Prime Minister Mikhail Mishustin. It was signed by representatives of the public council at the Ministry of Sport, heads of fitness associations, organizers of major sports competitions – Ironstar, Oceanman Russia, the marathon “Current Hearts” and other companies in the industry. “Vedomosti” read a copy of the letter. Its authenticity was confirmed by

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  • Russia imposes a temporary ban on cereal exports

    Russia imposes a temporary ban on cereal exports

    Rosselkhoznadzor on March 20 imposed a ban on exports of all types of cereals. It is introduced 10 days before the special instructions of the working group of the State Council to prevent the import and spread of coronavirus. This is stated in a letter to the deputy head of the service Yulia Schwabauskene to the territorial body of the Rosselkhoznadzor. “Vedomosti” got acquainted with the letter, its authenticity was confirmed by an employee of one of the territorial offices of the service. A representative of the Rosselkhoznadzor declined to comment, a representative of the Ministry of Agriculture did not

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  • “Raspadskaya” allowed the possibility of suspending coal sales due to the coronavirus

    “Raspadskaya” allowed the possibility of suspending coal sales due to the coronavirus

    The Raspadskaya mine is being prepared for a possible suspension of coal sales for a period of six months to a year, Sergei Stepanov, director general of the Raspad Coal Company, told a news conference on March 20 (quoted by Interfax). According to him, the company is considering a “shock scenario” and the need for financing without actual sales. “Companies will need liquidity for 6-8 months in the worst case scenario,” he said. A spokesman for Raspadskaya explained that Stepanov cited an example of a possible shock scenario in response to minority questions about the size of dividends, thus explaining

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  • UC Rusal prevented Musa Bazhayev from starting joint work with Narnikel

    UC Rusal prevented Musa Bazhayev from starting joint work with Narnikel

    “Narnikel” (34.6% belongs to the structures of “Interros” Vladimir Patanin) received from “Russian Platinum” Musa Bazhayev notification of the decision to stop negotiations on the establishment of a joint venture “Arctic Palladium”, “Narnikel” reported on March 20. “Russian Dam” will independently develop the “Montenegrin” field and the southern part of the “Norilsk-1” field. “The decision is due to the lack of the necessary corporate approvals for the establishment of a joint venture by one of the shareholders of” Narnikel “- UC Rusal,” – said in a statement. The aluminum producer owns 27.8% of Narnickel. Under the terms of the shareholder

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  • Polymetal is part of a niobium mining project

    Polymetal is part of a niobium mining project

    Manufacturer of precious metals Polymetal (in 2019 the company made 1, 3 million ounces of gold, 21, 6 million ounces of silver) will receive 9, 1% in LLC “Triark Mining”. The company is licensed to develop Tomtor, the world’s largest undeveloped niobium deposit. The deal is worth $ 20 million, it will be closed by the end of the month, legally binding agreements have already been signed, Polymetal reported on March 19. These funds will be contributed to the authorized capital of “Triark Mining”, the shares of shareholders will be blurred, says the interlocutor of “Vedomosti”, familiar with the terms

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  • Businesses are asking the government to allow online sales of alcohol as soon as possible

    Businesses are asking the government to allow online sales of alcohol as soon as possible

    Businesses have decided to take advantage of a coronavirus outbreak to legalize online alcohol sales. The Association of Internet Trade Companies (ACIT) has asked Prime Minister Mikhail Mishustin to submit to the State Duma as soon as possible a bill that allows them. “Vedomosti” got acquainted with the appeal, the president of AKIT Artsyom Sokolov confirmed the sending, and the government official – the receipt of the letter. The decision can be made quickly, Deputy Minister of Industry and Trade Viktor Yevtukhov said in an interview with Russia 24 TV channel on March 18. The press service of the government

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  • Petropavlovsk has found a buyer for the iron ore company

    Petropavlovsk has found a buyer for the iron ore company

    Petropavlovsk announced the conclusion of a preliminary agreement with the investment company Stocken, registered in Liechtenstein, on the possible sale of 29, 9% (out of 31, 1%) of IRC shares for $ 10 million. It is an iron ore “daughter” Petropavlovsk. One of the terms of the deal – the release of Petropavlovsk from the obligation to guarantee IRC credit lines to Gazprombank, the report said. The parties will consider the terms of the deal within 180 days. It will be concluded after the conditions are approved by Gazprombank. The amount of Petropavlovsk’s guarantee on IRC debt to Gazprombank at

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  • Oil manufacturers are asking to postpone the new standards of product purity

    Oil manufacturers are asking to postpone the new standards of product purity

    The Oil and Fat Union of Russia (uniting companies that occupy about 80 percent of the market) suggested to the Ministry of Agriculture how to introduce a new standard for the content of potentially harmful substances in oils – glycidyl esters formed during refining and deodorization of vegetable oils. “Vedomosti” read the letter. A representative of the union confirmed its sending, and a representative of the Ministry of Agriculture – receipt. The seeds of oilseeds contain substances that can be converted into glycidyl ethers at high temperatures, said the executive director of the union Mikhail Maltsev. The International Agency for

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  • Sistema wants to be among the top five landowners

    Sistema wants to be among the top five landowners

    Sistema JSFC has increased the area of ​​agricultural land by about a quarter – now it has 527,000 hectares. In March, a member of the Step Holding agricultural holding bought the Rodnaya Zemlya agricultural enterprise (formerly owned by Krasnodarzernoprodukt-Expo) and leased land from the Zerne Don company, both of which are located in the Rostov region. Andrei Nyaduzhko, general director of the agricultural holding, told Vedomosti. Information about the deal with “Native Land” is already reflected in the USRLE, and the deal with “Grain Don” was confirmed by a representative of the main creditor – the bank “Trust”. Step Holding

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  • Electrical equipment is becoming more expensive due to the weakening ruble

    Electrical equipment is becoming more expensive due to the weakening ruble

    Russian electrical equipment maker TDM Electric has raised base prices for some categories since March 11 due to a “sharp rise in foreign exchange rates against the ruble,” according to its website. On average, products will rise by 10 percent. The company had previously planned to raise prices by about 6%, but due to the jump in the price adjusted the price list. The Russian IEK also announced a change in prices due to market conditions. The company did not respond to a request from “Vedomosti”. Representatives of the Swiss-Swedish ABB and Chinese Andeli said they have not yet made

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  • RFPI wants to become a partner of Italian Barilla to expand business in Russia

    RFPI wants to become a partner of Italian Barilla to expand business in Russia

    The Russian Direct Investment Fund (RDIF) wants to become a co-investor in the project of the Italian company Barilla to expand business in Russia. This was reported to “Vedomosti” by a representative of the fund and confirmed by a representative of Barilla. Barilla will build a mill for the production of durum wheat flour and a second pasta factory in the Stupino-Kvadrat special economic zone near Moscow (MR Group project). Investments are more than $ 130 million. Negotiations are underway, representatives of both companies said. They do not specify which options are being discussed. Italian Barilla is a world leader

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  • Pharmacies have warned of drug shortages and rising prices due to new laws

    Pharmacies have warned of drug shortages and rising prices due to new laws

    Innovations should help in the fight against rising drug prices, MPs hope. One package of amendments to the federal laws “On the circulation of medicines” and “On the basics of public health” concerns the work of pharmacies in emergencies. The authors are the chairman of the State Duma Vyacheslav Volodin, the leader of the United Russia faction Sergei Neverov, his first deputy Andrei Isayev and the chairman of the Health Committee Dmitry Morozov (all from United Russia). Deputies propose to give the government the right to fix prices for medicines and medical devices if they have risen by 30% and

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  • NLMK asks the American court to cancel the duties imposed by Trump on slabs

    NLMK asks the American court to cancel the duties imposed by Trump on slabs

    NLMK’s US plants – NLMK Pennsylvania and NLMK Indiana – have sued the US International Trade Court. The companies demand to recognize, in their opinion, the illegal refusal of the country’s Ministry of Trade to abolish duties on steel semi-finished products, the company said on March 2. In April 2017, US President Donald Trump signed a decree “Buy American, hire Americans.” It obliges government agencies to increase purchases of products produced in the United States. But if the semi-finished product for the product is not made in the US, it is not considered American; slabs are just a semi-finished product.

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  • Inkerman turned out to be connected with Yuri Kovalchuk and Gennady Timchenko distilleries

    Inkerman turned out to be connected with Yuri Kovalchuk and Gennady Timchenko distilleries

    Crimean wine producer Inkerman is one of the assets managed by My Wine, two people close to distilleries run by My Wine and an employee of the management company told Vedomosti. An Inkerman spokesman declined to comment, but did not respond. JSC “My Wine” was registered in July 2019 in St. Petersburg, according to the USRLE, in its profile on the website HeadHunter says that it was founded for the development of agriculture: viticulture, winemaking and others. According to the USRLE, the founder and CEO – Denis Melnikov. His request remained unanswered. In addition to Inkerman, My Wine also manages

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