Wine sales may fall due to the new law on viticulture and winemaking

New rules for the production and sale of wine could lead to reduced sales. The Russian Association of Retail Market Experts (RAERR) and the Association of Retail Companies (ACART, which includes the largest retailers) came to this conclusion, their representatives told Vedomosti. On June 26, the law on viticulture and winemaking came into force. It…

Read More

The quota for grain exports in the new season may not apply

Russia may not apply the quota for grain exports in the new agricultural season 2020/21 (lasts from July to June) if the industry reaches certain targets: grain yield of at least 125 million tons with an export potential of at least 45 million tons, said. Gazette. two people close to the two exporting companies, citing…

Read More

Narnikel could allow new pollution at its plant

On the morning of June 28, Novaya Gazeta published a video of water flowing into the tundra from a sludge pond in the Talnakh Concentration Plant (located on the Taimyr Peninsula, part of the Narnicel Polar Branch). The Krasnoyarsk regional department of the Ministry of Emergencies stated that there is a threat of sewage entering…

Read More

Abrau-Gyursa has found partners in Australia and Chile for the Chinese market.

The Abrau-Gyursa group of companies has launched a joint project with the Australian wine company Trifon Estates and the Chilean Chilean Grape Group (CGG), Pavel Titov, president of the Abrau-Gyursa group of companies, told Vedomosti. A CGG spokesman confirmed the information, and a Trifon Estates spokesman did not answer questions. Abrau-Gyursa and its partners have…

Read More

Alrosa has shut down a large mine in Yakutia due to a coronavirus

The world’s largest diamond producer Alrosa has suspended the work of the Yakut mine “International” due to the detection of coronavirus in several employees of the company, the company’s press service said. Only services that ensure the safe operation of the company’s critical infrastructure will continue to operate at the mine. It is expected that…

Read More

VSMPO-Avisma may stop production at its largest plant

The world’s largest titanium producer, VSMPO-Avisma, has warned of a possible shutdown of the Upper Salda plant in September. This was reported by “Interfax” with reference to the speech of the company’s CEO Maxim Kuzyuk before the staff. The plant in Verkhai Salda (Sverdlovsk Oblast) is the main asset of VSMPO-Avisma. The company produces titanium…

Read More

In the production of crabs may be another major player

The Federal Antimonopoly Service has received petitions from Antei Asset Management – they want to buy shares in several crab companies, which have a total quota of about 8,100 tons, according to the petitions on the service’s website. Antey Asset Management was established in February 2020 and is owned by Igor Mikhnov and Arkady Pinchevsky.…

Read More

The WTO may prevent the Saudis from buying an English football club

A deal by a group of investors led by the Saudi sovereign wealth fund to buy Newcastle United for £ 300m ($ 377m) has come under threat. The British Premier League (APL) may be forced to reject it due to a decision by the World Trade Organization (WTO) that recognized the Saudi government responsible for…

Read More

The Ministry of Agriculture wants to strengthen control over the supply of sanctioned products

The Ministry of Agriculture has proposed to strengthen control over the supply of sanctioned products to the Eurasian Economic Union (the EEU, except for Russia, which includes Armenia, Belarus, Kazakhstan and Kyrgyzstan). This follows from his letter sent to the government on 19 May. “Vedomosti” got acquainted with its copy, the content of the document…

Read More

Co-owner of mayonnaise producer “Slave” invests in food innovation

Ivan Sidorok, co-owner of the Nizhny Novgorod Butter and Fat Factory (NMZhK, producer of mayonnaise “Slave” and margarine “Economy”) and his partners created the venture fund Aintrigud. He will invest in new technologies in food production, Sidorok told Vedomosti. The fund was registered in Cyprus in June 2019, according to the Cyprus Register. According to…

Read More

Stopped supplies of raw materials to one of the largest enterprises UC Rusal

The supply of raw materials to the UC Rusal Achinsk Alumina Plant (AGC) has been suspended, the company said. This happened due to the destruction of the embankment of the railway line on the section of the track Achinsk-2 (where AGK) – Nazarov Krasnoyarsk Railway. The accident happened three days ago, on June 7. Residues…

Read More

The state will help the largest defense holding company to pay off its debts

Details of the state program of financial recovery of the United Aircraft Corporation (UAC) became known to Vedomosti. From the budget, the company will be recapitalized by about 250 billion rubles, said three people close to the KLA and a federal official. This money will go to repay debts to banks. Loans worth just under…

Read More

Pork prices fell below pre-crisis levels in 2014

The cost of live pork in the Central Federal District, the main region of its production, from 25 to 31 May amounted to 100 rubles. for 1 kg (including VAT), and the average for January – May – 90 rubles. This is the lowest figure since 2014. Then the average price in January – May…

Read More

The new owner of the Elgin coal field will increase production ninefold

“A-property” founders of Yota operator Albert Avdolyan and Sergei Adoniev published a plan for the development of Elgin coal cluster. By 2023, coal coke production will increase from 5 million to 45 million tons. Investments will amount to 130 billion rubles. In addition to the production growth, the funds will be used to build a…

Read More

The world’s largest diamond producer cuts investment by 20%

The world’s largest diamond producer “Alrosa” (26% of world production, 38.5 million carats in 2019) announced the financial results of the I quarter. In annual terms, the company’s revenue decreased by 11% (63 billion rubles), EBITDA – by 4% (30 billion rubles). The company’s quarterly EBITDA even grew by 2% due to reduced management and…

Read More

Fertilizer producers are asking the government to freeze gas prices

The Russian Association of Fertilizer Producers (RAPU) has proposed to the Russian government to freeze wholesale gas prices until the end of 2020 and organize their monitoring. A representative of the association told Vedomosti about it. Gas serves as a raw material in the production of nitrogen fertilizers. They, in turn, can be used independently,…

Read More

Russians have become more likely to buy vodka in large containers

During the self-isolation, the Russians increased the purchase of alcohol in large containers, the research company Nielsen found out (its data take into account sales in cities with a population of 10,000 people). In April 2020, consumers bought vodka in a package of more than 1 liter by 19% more than in April 2019. Prior…

Read More