Russia’s largest steel companies have announced investment cuts

The largest steel companies – “Severstal” Alexei Mardashov, MMK Viktor Rashnikov and NLMK Vladimir Lisin, which together provide 56% of Russian steel production – made a report on the results of the first quarter. The financial performance of companies grew or decreased slightly compared to the IV quarter of last year, but fell year on…

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VTB sold almost half of the grain business

Demeter Holding, which unites VTB Group’s grain assets, has attracted new shareholders, the banking group said. JSC “Agronov” and Marathon Group as a result of the transaction received 25% and 24.99% of the grain company, respectively. “VTB remains the controlling owner of Demeter Holding with a stake of more than 50%,” the statement said. RBC…

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Fishermen asked Narusov to assess the reform of the crab market

Three Far Eastern associations of fisheries enterprises asked Ludmila Narusova, a member of the Federation Council from the Republic of Tuva, to assess the impact on the industry of crab auctions, which took place in 2019. The letter was signed by Maxim Kozlov, President of the Sakhalin Region Fisheries Association, Georgy Martynov, President of the…

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The Ministry of Agriculture recommended that traders sell grain on the domestic market

Traders can sell grain on the domestic market or the markets of the Eurasian Economic Union (EAEU; in addition to Russia, it includes Armenia, Belarus, Kazakhstan and Kyrgyzstan), the Ministry of Agriculture said: grain is in demand from processors. On April 28, the support organization of small and medium enterprises “Support of Russia” appealed to…

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Yuzhuralzolata will build a $ 250 million concentrator

Konstantin Strukov’s Yuzhuralzolata will build a mining and processing plant at the Yuzhny Kurasan and Zapadny Kurasan fields in the Chelyabinsk region, a company representative told Vedomosti. GAK with a capacity of 4 million tons of ore per year will cost $ 250 million and will set up production of 3.5-4 tons of gold annually.…

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Who will earn on the treatment of Russians from coronavirus

Not everyone had time to buy the substance This year the Russian pharmaceutical market is divided into two camps, says the manager of a major pharmaceutical manufacturer. Some managed to stock up on Chinese substances in January-February, others did not.About 70% of the Russian pharmaceutical market is based on Chinese substances – they are the…

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The Sobchak-related crab company is on the list of system-forming ones

In the updated list of system-forming companies there are more representatives of the fishing industry: not four, as initially decided by the Ministry of Agriculture, and 10. This is stated in the materials of the Ministry of Economic Development. Among these ten is the Maneron company, a major crab producer in Russia. It has recently…

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Russian Steel complains about Russian Railways’ restrictions on supplies to the east

The Russian Steel Association (uniting Russia’s largest steel companies), the governors of two regions – Murmansk Andrei Chibis and Kursk Roman Starovoitov – appealed to First Deputy Prime Minister Andrei Belavusov to ensure non-discriminatory access to railway infrastructure for export. Three letters were sent by them in April. “Vedomosti” got acquainted with copies of documents.…

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The largest soybean processor has warned of the risk of uncontrolled GMO imports

Russia’s largest soybean processor, the Commonwealth Group, has addressed the governor of the Kaliningrad region, Anton Alikhanov. The group asks to initiate the suspension of the decree of the Russian government, which simplifies the import of genetically modified soybeans and products of their processing. “Vedomosti” read the appeal. Alexander Shenderyuk-Zhidkov, director of the Commonwealth management…

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The Ministry of Industry and Trade is asking businesses to help test drug labels

Russia’s Ministry of Industry and Trade has asked domestic and foreign pharmaceutical companies to fill the market with labeled drugs without waiting for an official deadline. He also ordered them to report by the end of April on the degree of readiness to work with the new control system. Two letters with this content were…

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Mechel has sold its largest asset

“Mechel” Igor Zyuzin completed the sale of Elgin coal project (reserves are estimated at 2.2 billion tons of coke) and agreed with state banks to extend the maturity of the principal debt on loans for 10 years, said on April 22 “Mechel”, “A -properties “and Gazprombank. Elga is the largest coal coke deposit in Yakutia.…

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The Ministry of Agriculture has compiled a list of system-forming farmers

The Ministry of Agriculture has published a list of system-forming enterprises from 66 companies. Of these, 14 specialize in crop production, 27 – in animal husbandry, 20 producers of food and beverages, as well as four fish companies. In late March, the government tripled the number of system-forming companies to 646, but then decided to…

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Product manufacturers are asking the government for a moratorium on discounts in stores

Several associations, which include agricultural enterprises and producers of food and beverages, have written a collective letter to Russian Prime Minister Mikhail Mishustin asking for additional support. Representatives of Soyuzmalok, the Union of Producers of Soft Drinks and Mineral Waters, the National Union of Poultry Farmers, and the Union of Sugar have read a copy…

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The assets of two large Russian crab companies have been seized

On March 30, the South Sakhalin City Court seized shares in three companies – Maneron, Kuril Universal Complex and Primorsky Fishing Company, as well as cars, apartments, fishing vessels and non-residential premises belonging to them. “Maneron” and “Kuril Universal Complex” are one of the largest crab miners in Russia. In total, they have quotas for…

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VSMPO-Avisma will reduce titanium production by a third

The world’s largest titanium producer, VSMPO-Avisma, will cut production by about a third this year due to a sharp drop in demand for its products. The production plan for 2020 has been reduced from 39,000 to 26,500 tons of marketable titanium products, the company said. “Our main consumers have virtually stopped production in the last…

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Sugar producers will be able to unite for supplies abroad

The government has approved a draft decree that allows for the creation of producer associations for sugar exports. This was told to “Vedomosti” by a person involved in the discussion of the project, and confirmed by a federal official. Deputy Prime Minister Victoria Abramchenko, who oversees agriculture, has indeed agreed on the project, her spokeswoman…

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Coffee beans have risen sharply due to panic demand

Futures on coffee beans have risen sharply in recent times. This was due to the fact that importers and consumers began to stock up on coffee for fear of supply disruptions due to the coronavirus pandemic. However, the surge in demand may be short-lived, and the market situation remains uncertain. Initially, an outbreak of coronavirus…

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The Ministry of Energy did not support the introduction of quotas for the transportation of coal by rail

Russia’s Ministry of Energy does not support the proposal to introduce quotas for coal transportation by rail in the eastern direction, according to a letter from Energy Minister Alexander Novak sent to First Deputy Prime Minister Andrei Belavusov on April 7. “Vedomosti” got acquainted with the contents of the letter, its authenticity was confirmed by…

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Food manufacturers have dramatically increased sales directly to consumers

Due to the coronavirus and the restrictive measures associated with it, product manufacturers have dramatically increased online sales to the end consumer, bypassing store shelves, said respondents to the “Vedomosti” company. Many producers are now in a difficult situation, says Armen Benjamin, vice president of the Clean Line Group (which produces ice cream and dairy…

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“30% of businesses cease to exist.” Leaders of large companies discussed the future after the coronavirus

Leaders of major Russian companies – Dmitry Konov, Chairman of the Board of Sibur, Maxim Akimov, General Director of the Russian Post, Andrei Ellinson, Managing Partner of A1, and Roman Tratsenko, Owner of AEON Corporation – held an online summit “Business after the Pandemic”. The discussion was moderated by Andrei Guryev, co-chairman of the Coordination…

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The pipe metallurgical company will be listed on the London Stock Exchange

Russia’s largest producer of pipes for the oil and gas industry, the Pipe Metallurgical Company (TMK), will buy back its shares from the market and abandon its listing on the London Stock Exchange (LSE). The decision was made by the company’s board of directors, TMK reported. The listing on the London Stock Exchange “is no…

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Russian water utilities have asked the government for support

The Russian Association of Water Supply and Sewerage (RAVV, which unites 80% of the industry), private operators Rosvodokanal and RKS have asked the government for subsidies to compensate for lost income due to reduced consumption and losses due to rising defaults. premiere of Mishustin on April 7. The document is published on the RAVB website.…

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Zyuzin’s daughter reduces her stake in Mechel

The daughter of the founder of “Mechel” Igor Zyuzin – Xenia – has reduced its stake in ordinary shares of the company from 7.88 to 2.95%, said “Mechel”. The deal was made on April 6. The seller was Bonoro Limited, a company controlled by Zyuzina. Now the share of direct and indirect ownership of Zyuzin…

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“Narnikel” has increased payments to shareholders

The Board of Directors of “Narnikel” offered to pay dividends in the amount of 557.2 rubles. per share for 2019, the company said. That is, total shareholders will receive about $ 1, 2 billion (at the rate of the Central Bank on April 7). Taking into account the interim dividends ($ 3.6 billion), the company…

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Sunflower exporters reported a collapse in the market

Rosselkhoznadzor has not issued phytosanitary certificates for sunflower and soybean exports for 7-8 days, representatives of four traders told Vedomosti. Earlier, the director of Sovekon Andrei Sizov said that the service had stopped issuing these documents. Now only in the Rostov region there are loaded ships that are ready to send about 30,000 tons of…

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UC Rusal will sign a new giant contract with Glencore

One of the world’s largest aluminum producers UC Rusal, formerly controlled by Oleg Deripaska, plans to sign another long-term contract with Swiss trader Glencore. We are talking about the supply of 6873,000 tons of aluminum in 2020-2024, the company said. The estimated amount of the contract is $ 16.3 billion. The agreement provides the company…

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The top manager of “Systems” has invested in an agro-technological startup

Inter has completed the first round of investments, its founders Vitaly Buza and Alexander Mikhailov told Vedomosti. Inter is developing and implementing digital services for crop management. The company’s main customers are producers of plant protection products (PPPs), seeds and fertilizers, which manage sales and advise agricultural customers through SkyScout’s digital service. The system now…

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