Petropavlovsk has found a CEO in Highland Gold

The Board of Directors of Petropavlovsk Plc, one of Russia’s largest gold mining companies, has appointed a new CEO since December 1. The company will be headed by Denis Alexandrov, who until November 30 was CEO of another major gold miner, Highland Gold Mining. Alexandrov will also join the board of directors, which will expand…

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Universal will open the Super Nintendo World theme park in February

Super Nintendo World will be dedicated to the heroes of video games of the Japanese company Nintendo. Prior to that, the thematic areas of all four Universal Parks & Resorts (in the US, Singapore and Japan) were given to the characters of film and animation studios, as well as rival studios Warner Bros. (The “Harry…

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Russia has offered to protect user data in car sharing

The Institute for the Development of the Legal Society (IRPA) proposes to increase fines for leaks of personal data of car-sharing users and to complicate the procedure of user registration in car-sharing applications. Measures are needed to reduce the risk of user data leaks and the use of this data by fraudsters. The letter with…

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One of the largest producers of sparkling wine has resumed production

The Sparkling Wines company has resumed production of sparkling wines at the plant in St. Petersburg, a person close to the company told Vedomosti. Its CEO Yuri Dudko confirmed it. The operation of the enterprise was suspended on June 25, on the eve of the entry into force of the Law on Viticulture and Enology,…

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Renault is converting its plant into a car recycling plant

French car company Renault announced on November 25 to stop production by 2024 at its plant in Flein-sur-Seine (40 km from Paris) and re-equip it into a center for research, disposal and repair. Built in 1952, the plant is now the largest and oldest Renault plant in France. It became so after closing in the…

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Rostech will manufacture equipment for cableways

Rostech is setting up a joint venture (JV) with Swiss cable car manufacturer Bartholet Maschinenbau AG and a pool of private investors, the state corporation told Vedomosti. The capital of the joint venture “RT-Bartalet” will include a subsidiary of “Rostekh” “RT – Business Development”, it will get 20%, said a representative of the state corporation.…

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Ozon could raise more than $ 1 billion during the IPO

US Depositary Shares (ADS) Ozon on November 24 began trading on the NASDAQ stock exchange, the online retailer said. At the same time, the company’s papers became available on the Moscow and St. Petersburg stock exchanges. The value of Ozon is estimated at $ 6188 million: the company offered investors 33 million ADS, which is…

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Russia may start operating marine drones

Russia plans to complete tests of the BES-CF automatic and remote control system by the end of the year. Alexander Pinsky, director general of the Marinet branch of the National Technology Initiative, told Vedomosti that the government may decide to use autonomous vessels as part of a national experiment until 2025. A draft government decree…

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Pig breeders and confectioners propose to introduce an export duty on grain

The largest food producers’ associations have asked Prime Minister Mikhail Mishustin to consider imposing a duty on grain exports. This, in their opinion, should help reduce the cost of raw materials. Among those who signed the appeal were the National Meat Association (which includes Miragandal, Charkizova, etc.), Askond (United Confectioners, Mondelez, etc.), and the Russian…

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The maximum fare on the new bridge on the Yamal River exceeds 370,000 rubles

The new bridge, which opened in October, across the Pur River near Urengoy in the Yamal-Nenets Autonomous Okrug (YANAO) has caused dissatisfaction among truckers and transport companies, employees of two major carriers told Vedomosti. The reason is the unusually high cost of transportation, as well as the closure of all alternative routes, explained an employee…

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L Brands reported quarterly earnings

The American company L Brands, which owns the lingerie brand Victoria’s Secret and the brand of cosmetics, fragrances and gifts Bath & Body Works, published on November 18 a report on financial results for the III quarter of 2020. Company sales increased by 14% compared to the III quarter 2019 and reached $ 3.06 billion.…

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Aeroflot will approve a new CEO on Friday

Aeroflot’s board of directors plans to elect the airline’s CEO at a correspondence meeting on November 20. The government has proposed appointing Mikhail Polubayarinov, head of the State Transport Leasing Company (GTLK), to this post, the press service of the Cabinet of Ministers reports. The state owns 57.34% of the company’s shares (after a recent…

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Privileges for eco-transport will be enacted

A government decree of November 5 instructed the Ministry of Transport, the Ministry of Industry and Trade, the Ministry of Environment and the working group “Autonet” of the National Technological Initiative to prepare a federal law “creating a system of measures to encourage the use of clean transport.” No later than June 2021, the bill…

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The Fix Price network may hold an IPO in the first half of 2021

Fix Price in the first half of next year may hold an initial public offering (IPO), according to Bloomberg, citing two sources familiar with the situation. A source close to one of the organizers of the possible deal confirmed this information, clarifying that the company’s receipts will be offered to investors on the London Stock…

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Vekselberg and Tratsenko intend to invest together in Magadan Airport

Viktor Vekselberg’s Airports of the Regions (AR) and Roman Tratsenko’s Novoport have applied to the Federal Antimonopoly Service (FAS) for joint participation in the tender for an investment agreement for the reconstruction of Magadan Airport. The general director of the Autonomous Republic Yauhen Chudnouski told Vedomosti about it. The plans to participate in the competition…

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U.S. authorities have lifted a ban on flights of Boeing 737 MAX aircraft

The US Federal Aviation Administration (FAA) announced on November 18 the cancellation of the decision to ban flights of Boeing 737 MAX aircraft. However, according to the FAA website, this does not mean that these planes can take to the skies right now. The FAA directive specifies changes to the software and equipment of the…

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Russia may have problems selling tequila

Mexican Ambassador Norma Pensada asked Russian Deputy Prime Minister Alexei Averchuk to support amendments to the technical regulations of the Eurasian Economic Union (EAEU; it includes Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan). According to her letter, a copy of which was read by Vedomosti, the Mexican government and the local Tequila Supervision Council (CRT) are proposing…

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Rosneft to sell Trafigura trader 10% in East Oil megaproject

On November 16, Rosneft’s board of directors approved the sale of a 10% stake in Uskhod Oil LLC to the multinational trading company Trafigura, the Russian company said on November 17. During the meetings it was noted that the confirmed resource base of the project is 6 billion tons of oil (including gas condensate), or…

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Bus drivers will wear sleeveless bracelets

From 2021, drivers of passenger buses, as well as possibly taxis, will be required to use means to prevent sleep while driving. The Ministry of Transport is developing a national standard that sets requirements for such systems. “Implementation of systems for monitoring, control and maintenance of drivers on the road is provided by urban passenger…

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Sales of antibiotics in Russia have risen

Sales of antibiotics in Russian pharmacies in the first nine months of 2020 amounted to 286 billion rubles., Exceeding the same period last year by 14%. In physical terms, the demand for such drugs increased by 15% to 176.6 million packages. This follows from a joint study of the industry publication “Pharmvesnik” and the analytical…

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Gazprom has sold Turkey the maximum amount of gas since the beginning of the year

In September 2020, Gazprom began to actively regain its key position in the second most important market after Germany – in Turkey, according to the RAS report of November 13 and the FMS. The company delivered 19 billion cubic meters in September. m of gas to the country, which became the highest since January 2020.…

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The government has supported the shift of the Udarnaya TPP in Taman

The government has supported the transfer of the rest of the large thermal power plant in Taman for almost two years – at the end of 2023. But this will most likely not help Rostech’s “daughter” avoid a fine of 35 billion rubles. for delays in entering deadlines A draft resolution of the Russian government…

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The Ministry of Agriculture proposes to impose new restrictions on grain exports

The Ministry of Agriculture proposes to impose a number of restrictions on exports of wheat, rye, barley and corn, according to a draft government decree published on November 11 on regulation.gov.ru. An export quota will be set: from February 15 to June 30, no more than 15 million tons can be shipped outside the Eurasian…

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Data on public transport routes will be publicly available

The changes will be recorded in the text of the law “On Navigation”. This follows from the action plan for the implementation of the mechanism for managing systemic changes in regulatory and legal regulation of entrepreneurial activity, approved by the Russian government on November 5. Today, application developers (for example, “Yandex.Maps”) receive data on traffic…

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Natura Siberica may start sales in the US

Ilya Mikin, General Director of the company’s Russian representative office, told Vedomosti about the intention of the American marketplace IHerb to start selling Russian cosmetics. According to him, negotiations are underway with Andrei Trubnikov’s Natura Siberika company, which produces cosmetics under the brands “Grandma Agafia’s Recipes”, Organic Shop, Planeta Organica, Natura Siberica and Librederm. A…

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Russia may sharply increase tariffs on sunflower exports

At a meeting of the government subcommittee on customs and non-tariff regulation, safeguards in foreign trade on November 9, a decision was made in principle on the need to increase the export duty on sunflowers, told “Vedomosti” two employees of oil and fat companies and a federal official. Now the rate is 6.5 percent, but…

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“36.6” will repay debts for the A5 pharmacy chain

In October, the Arbitration Court of St. Petersburg and Leningrad Oblast brought PJSC “Pharmacy Network 36.6” to subsidiary liability for the obligation to go bankrupt LLC “Pharmacies A5 St. Petersburg”, according to the file of arbitration cases. This Ltd. managed the St. Petersburg points of the A5 network, which in 2016 was acquired by “Pharmacy…

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The government is asked to tighten the rules of taxi work for foreigners

The appeal to Prime Minister Mikhail Mishustin was signed in late October by Moscow Mayor Sergei Sabyanin, St. Petersburg Governor Alexander Beglov, and Moscow and Leningrad Oblast Governors Andrei Vorobiev and Alexander Drozdenko. “Vedomosti” got acquainted with the document. It was confirmed to Vedomosti by the administrations of St. Petersburg, Moscow and Leningrad oblasts, and…

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Car-sharing operators have spoken out against industry regulation

Russia’s largest car-sharing companies have opposed the drafting of a separate law regulating their activities, which is scheduled to be discussed in the transport committee of the State Duma. Arguments were given in a letter from the heads of “Yandex.Drive”, Youdrive and Belka.car (available to “Vedomosti”) Chairman of the State Duma Vyacheslav Volodin. The authenticity…

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Supreme Court declares legal scheme of “Solar Products” bankruptcy

The Supreme Court rejected the complaints of minority creditors of the oil and fat holding “Solar Products” against the scheme of its bankruptcy. The scheme was challenged by Baltsinvestbank (owned by Absolut Bank), VTB Factoring (part of VGB), Capital Factoring, Syngenta and others, whose claims total more than 4 billion rubles. In October 2018, Vadim…

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Poland demands discount from Gazprom

The Polish state company PGNiG has applied for a reduction in the price of Russian gas from November 1, 2020, the company said on November 1. The PGNiG noted that under the terms of the agreement every three years, each party has the right to advocate a revision of the pricing conditions of supplies, if…

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Rail traffic in Russia has grown for the first time since the beginning of the year

The volume of cargo transportation through the network of Russian Railways in October increased for the first time in 10 months, according to the operative data of the railway state monopoly, published on November 2. Loading amounted to 109.9 million tons, which is 0.3% more than in October last year. Freight turnover increased by 0.4%…

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