December 2020

Gas pipeline bypasses sanctions.

The construction of the Nord Stream-2 export pipeline, which has been completed by more than 90%, was suspended in late December 2019: the Swiss company Allseas, whose pipe-laying vessel withdrew from the project for fear of US sanctions. Almost the entire 2020 year of work on the pipeline was not carried out (at least, officially).…

Retail energy consumers want to equate to wholesale

Consumer-generating companies and regulators continue the debate on how to prevent major energy consumers from taking care of their own generation. In mid-December, Boris Kovalchuk, director general of Inter RAO (one of Russia’s largest energy producers), and Pavel Livinsky, head of Rossetti’s largest network company, sent their proposals to Prime Minister Mikhail Mishustin. “Vedomosti” read…

The lingerie market will shrink by 13% in 2020

In 2020, sales of lingerie will decline by 13% compared to 2019, analysts predict Euromonitor. This market, valued at $ 73 billion, has suffered from the COVID-19 pandemic slightly less than the apparel market as a whole, which is expected to shrink by 16%. The fall in money volumes is a consequence not only of…

Chinese authorities have launched an investigation into Alibaba

The State Market Regulatory Authority of China has launched a formal investigation into the country’s largest marketplace, Alibaba, international media reported on December 24. This is the first antitrust investigation against one of China’s largest tech companies. Authorities suspect Alibaba of monopoly, and in particular of forcing trading venues to choose between it and competitors.…

Bidding for the use of subsoil will be simplified and transferred to online

The government has approved amendments to the legislation drafted by the Ministry of Environment, which translates all tenders for the sale of subsoil licenses into electronic form and allows only auctions (eliminating such a form as a tender), said on December 24 Prime Minister Mikhail Mishustin. The press service of the government “Vedomosti” did not…

How to raise $ 205 million through an IPO by selling chicken eggs.

Saving the Roosters Starting a business, O’Hayer faced an unexpected challenge. Some of the eggs were left for divorce to increase the population, and about half hatched males, completely useless for business. They do not lay eggs, and it is unprofitable to grow them for meat, because the breed is not broiler. Only in 2008,…

Inpatients are asking the MHI fund to pay for expensive drugs

The Association of Cancer Patients “Hello” appealed to the chairman of the Federal Fund for Compulsory Health Insurance (MHI) Elena Chernyakova with a request to return to the list of paid drugs six names used to treat cancer. These expensive drugs were not included in the project of financing medical care in 2021. “Vedomosti” read…

Gleb Franco’s company won the dispute with the pollock miners

The Arbitration Court of the Primorye Territory invalidated the decision of the Association of Pollock Gatherers (ADM) to exclude from its six companies the Russian Fisheries Company (RRPK), according to its materials. Thus, he fully satisfied the claim of the RRPC. ADM, which accounts for 75% of pollock catches in Russia, decided to deprive a…

Novatek increases dividends to 50% of profits

Novatek has increased the minimum target level of dividend payments to shareholders from 30 to 50% of adjusted net income according to International Financial Reporting Standards (IFRS), the company said on December 18 following a meeting of the board of directors. The press service of “Novatek” “Vedomosti” clarified that the new dividend policy will apply…

Russian companies have difficulties with the supply of crab to China

Far Eastern companies have had difficulty supplying live crab to China. Two local fishermen told Vedomosti about it. This is due to the fact that a queue of trucks formed in front of the Kraskin border checkpoint in the Primorsky Krai. Now the border crossing in this place takes 10 days or more instead of…

BP has acquired a controlling stake in Finite Carbon

British oil and gas giant BP has acquired a controlling stake in US Finite Carbon, the company said on December 16. Finite Carbon is a leader in the sector of compensating for carbon emissions through forest conservation. At the end of 2019, BP has already invested $ 5 million in Finite Carbon, the financial terms…

Tiltech Capital has invested in a manufacturer of household chemicals

Forsal is engaged in the development, production and distribution of household chemicals. The company plans to launch its own new brand, a representative of Tiltech Capital told Vedomosti. Investments will amount to 5 million to 10 million rubles, says a representative of the fund. Under the new brand Forsal will promote household chemicals from natural…

Dyson brand shops have appeared on the Internet

Inventive Retail Group (IRG) will develop Dyson brand shops on Russian marketplaces on the Internet, representatives of the retail holding and the manufacturer told Vedomosti. Now IRG operates chains of monobrand stores re: Store (they sell Apple electronics), Samsung, Nike, Lego and others. zones on Lamoda.ru and Goods.ru: “IRG will take over the interaction with…

Producers of baby food and juices have lost benefits for the purchase of imported raw materials

The Union of Producers of Juices, Water and Beverages (Soyuznapoi) has asked Russian Deputy Prime Minister Alexei Averchuk to instruct to zero tariffs on imports of raw materials used in their products. “Vedomosti” got acquainted with this letter, its authenticity was confirmed by the president of the union Maxim Novikov. A government spokesman said he…

The Chinese were allowed to buy a 40% stake in the Amur GHC

Russia’s government commission on foreign investment has approved the establishment of a joint venture (JV) between Sibur and China Petroleum u0026 Chemical Corporation (Sinopec), the Russian government’s press service said on December 15. The joint venture will be created on the basis of the Amur Gas Chemical Complex (AGHC), in which the Chinese will buy…

Industrialists are arguing with new rules for shutting down inefficient power plants

The community of energy consumers (SPE, lobby of energy-intensive industrial consumers) asked the head of the Ministry of Energy Nikolai Shulginov to finalize a draft resolution of the Russian government, which describes the conditions and procedure for decommissioning of inefficient generating capacity. “Vedomosti” read the letter dated December 7, the sending was confirmed in the…

Aeroflot accuses simulator of SuperJet crash in Sheremetyevo

The behavior of the simulator for pilots Sukhoi SuperJet 100 in direct mode (manual mode, ie without the help of automation) is radically different from piloting an aircraft in real conditions. Therefore, for the crew of the flight SU1492 Moscow – Murmansk, the conditions of the emergency landing in “Sheremetyevo” were unexpected. This was stated…

Pharmacy chain “36.6” sold the distribution business

PJSC “Pharmacy Network 36.6” has signed an agreement with former CEO Vladimir Nesterenko to sell him 100% of the company’s distribution unit – LLC “GP”, according to the company. It follows that payment must be made within 30 days of signing the agreement. The amount of the transaction is not disclosed. At the same time,…

Rosneft has sold Equinor a stake in projects in Eastern Siberia for $ 550 million

Rosneft has closed a deal with Norwegian Equinor (until 2018 – Statoil ASA) to sell a 49% stake in Krasgeonats, which has 12 licenses for oil exploration and production in Eastern Siberia, Equinor said on December 11. The deal amounted to about $ 550 million. The perimeter of the deal includes the North Danilovsky oil…

The profit of the manufacturer of rubber gloves has grown 20 times

Malaysian Top Glove on December 9 reported on the results of activities in the I quarter of 2021 fiscal year, which ended on November 30. Net income was 2.38 billion ringgit ($ 580 million), which is 2030% more than in the same period a year ago, and almost 100% more than in the IV quarter…

Rustam Tariq’s alcohol holding will supply its own gin to Russia

The Italian wine house Gancia (part of Rustam Tariq’s alcohol holding Roust) has started deliveries of its own gin to Russia under the Gancia Luis Eight brand. A representative of the company told about it. According to him, gin will be sold in retail chains and bars, with which negotiations are underway. “Vedomosti” interviewed major…

Denmark refuses oil and gas

The Danish Parliament on December 3 approved the government’s plan to immediately suspend the issuance of licenses for oil and gas exploration in the North Sea and to abandon the extraction of these minerals until 2050 by Dan Jorgensen. The development of oil and gas fields on the continental shelf of Denmark in the North…

RZD tightens pre-flight control

The RF will conduct a more detailed pre-trip inspection of the locomotive. To do this, two new indicators are being introduced into the ASPO-C system (automated pre-trip inspection system with the possibility of self-testing): RPI and IPI. The first will allow you to most accurately identify people at risk of cardiovascular events. The second will…

Ozon will start delivering orders from other online stores

In December, Ozon began testing the delivery of orders from other online stores, whose products are not presented on the eponymous marketplace. A representative of the online retailer told Vedomosti about it. According to him, the first partner of Ozon in this area was the premium cosmetics store Authentica.love, with other companies in talks. The…

The SuperJet delivery schedule will be disrupted again

Three planes will not have time to deliver this year to Aeroflot and three more – Red Wings, say two sources close to the KLA, and confirmed by two airline employees. According to a Vedomosti source close to the KLA, the delay in the supply of Sukhoi SuperJet was due to the slowness of the…

OPEC + has agreed to increase oil production from 2021

OPEC + countries have agreed to increase oil production by 500,000 barrels. / day from January 2021. In addition, each month OPEC + members will decide on further restrictions. Initial arrangements envisioned production growth of 2 million barrels. / day, an increase of 500,000 bar. / day is much lower, says Raiffeisenbank analyst Andrei Polishchuk.…

Sales of draft beer in Russia fell sharply

Sales of draft beer in Russian cities in January-October 2020 in physical terms decreased by 29.9% compared to the same period last year. This is evidenced by data from the analytical company Nielsen. A year ago, sales grew – 1, 9% for 10 months of 2019 The decline may be due to the fact that…

Uber’s taxi service can sell the air taxi unit

Uber may by the end of 2020 announce the sale to the American startup Joby Aviation of its division Uber Elevate, which develops flying taxis. This was reported by the portal Axios, citing unnamed sources. Uber CEO Daru Khosrovshahi wants to bring the American company to profitability and gets rid of unprofitable non-core assets: Uber…

The Ministry of Transport is ready to allow the regions to regulate taxi tariffs

The Ministry of Transport considers it possible to give the subjects of the Russian Federation the right to set regulated tariffs for taxis, a spokesman for the ministry told Vedomosti. The State Duma Committee on Transport proposed to include such a norm in the bill on taxis. The document was adopted by the State Duma…

ExxonMobil writes off assets worth up to $ 20 billion

US oil and gas giant ExxonMobil on December 1 issued a statement on changes in its development plans for the next five years. The changes will primarily affect investments in exploration of new fields and increase in oil and gas production. Thus, in 2021 the company will spend $ 16-19 billion (the minimum amount for…

Sibur has brought Russia’s largest polymer plant to full capacity

Zapsibneftekhim (Tobolsk) is capable of producing more than 2.2 million tons of products annually. The total investment in the project amounted to 547 billion rubles. According to the company, the priority market for the company is Russia. At the same time, according to preliminary estimates of Sibur, supplies of the complex to foreign markets in…

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Month: December 2020