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). Laying of Nord Stream-2 pipes resumed only on December 11, 2020 (led by the Russian barge Fortune in German waters). Earlier, experts told “Vedomosti” that technically you can complete the installation in 3-4 months. In other words, in 2021 the gas pipeline will almost certainly
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 letter. Its receipt was confirmed by the press service of the government, promising to pass to the relevant departments. Rosset and Inter RAO did not respond to Vedomosti’s inquiries. The document notes that the “alarming” trend of consumers leaving the wholesale market of the
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 a quantitative reduction in the market. The pandemic has changed the lifestyle of shoppers, followed by their consumer habits, so this year the focus of women has shifted from sexy underwear to comfortable (often cheaper), according to the Financial Times. Marie Claire magazine listed the
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. This practice is called “Choose one of two”: when the store starts trading with competitors, Alibaba cuts him traffic, which leads to a sharp drop in sales. A statement from China’s State Market Regulatory Authority said e-commerce platforms Alibaba, Taobao and Tmall, part of Alibaba,
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 specify when the bill will be submitted to the State Duma (GD). But in mid-December, Deputy Director of the Department of Environment Maxim Kirzhimanov said it could happen before the end of this year. In 2018, the State Duma passed in the first reading a
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, the year after the company was founded, did O’Hayer learn the truth, he told the Chicago Tribune.All male chicks born in egg incubators are killed on their birthdays. To do this, use electricity, gas, but often simply grind them alive in blenders: it’s easier and
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 a copy of the letter, its authenticity was confirmed by the president of the association Irina Borova. A representative of the MHI fund did not respond to the request, but one of the employees of the fund said that the document had been received. Most
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 number of RRPK companies of membership in September this year. This was the reaction to the fact that in the summer the group proposed to the government to reform the fisheries industry and did not discuss their ideas with other companies, said then a representative
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 not only to payments for 2021, but also to the final dividends for the current year. In the first half of the year the company has already sent 359 billion rubles in dividends, or 48% of net income under IFRS (11.82 rubles per share). Novatek
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 the usual 3-4, the interlocutors of “Vedomosti” complain. As a result, products deteriorate, fall in price and Chinese buyers partially abandon it. The governor of the Primorye Territory Oleg Kozhamyak also drew attention to this problem: he informed the regional FSB Border Department about the
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 of the new deal are not disclosed. It is known that Finite Carbon will be part of BP’s division called Launchpad (“launch pad”), which is engaged in the creation of businesses specializing in digital and low-carbon technologies. Finite Carbon acts as an intermediary between companies
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 raw materials of plant origin. The launch of the brand is planned for the end of 2021, Tiltech Capital said. Forsal was founded in 2015 by entrepreneurs Ivan Dubinyankov and Eugene Skvartsov. The company’s portfolio today includes the brands Solemate (care products for sports shoes),
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 the marketplace and buyers: logistics, payments to customers, work with complaints, etc.”. IRG will receive an agency fee for mediation between the manufacturer and marketplaces, says Semushina. Terms of cooperation IRG and vendor do not disclose. Cooperation with IRG will open new opportunities to work
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 had received it. The Union draws attention to the fact that importers have recently lost some of the benefits. Since 2013, the import of fruit puree (apricot, peach, pear, banana, etc.), which is mainly used in the production of juices and baby food, was subject
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 a 40% stake. The project will be one of the largest in both domestic and world oil and gas chemistry, the Cabinet of Ministers said. The main conditions for the creation of the joint venture on the basis of AGHC “Sibur” and Sinopec agreed in
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 SPE. In July 2020, Russia adopted a framework law aimed at improving the decommissioning mechanism of power plants (ES). And in the autumn the Ministry of Energy has developed and published on regulation.gov.ru a draft government decree specifying its provisions. The EU economy is not
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 by a representative of “Aeroflot” at a meeting in Rostransnadzor on the operation of the SSJ100 (it took place in November). Following the meeting, Rostransnadzor recommended holding additional demonstration flights on a plane and Aeroflot simulators together with test pilots of the relevant institute –
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, the report says that the value of the pharmacy chain’s assets at the end of September 2020 amounted to 74.5 billion rubles, and “G&P” accounted for more than 10%. In “36.6” the request of “Vedomosti” was not answered, Nesterenko declined to comment. Nesterenko held the
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 and gas field, which began production in July this year. The North Danilov field was discovered by Rosneft in 2011 within the Danilov field in the Katang district of the Irkutsk region. According to the latest data, the geological reserves of the oil field are
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 of fiscal year 2020. Revenue grew 294% year-over-year over fiscal year 2020 to 4.76 billion ringgit ($ 1.16 billion). The reason for the large increase is obvious – increased demand for rubber products in the pandemic. According to Top Glove management, the advent of coronavirus
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 retailers. A representative of one of them – the network “Tape” – confirmed that the company is discussing with Roust the issue of Gin’s supplies. Gancia Luis Eight is also buying Jan Coercion restaurants, a network employee said. Roust is the largest producer and distributor
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 Sea has been the subject of heated political debate since the country’s authorities in 2019 passed a law to reduce carbon emissions by 70% by 2030 and reach neutrality on these emissions by 2050. Many experts have pointed to the impossibility of such a rapid
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 help to recognize diseases of the respiratory viral spectrum before the appearance of obvious symptoms. The modernized system is being installed on the Moscow, South-Eastern, North Caucasus, Gorky and October railways this year. The updated ASPO-Z, purchased by RZD from System Technologies for 420 million
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 head of Authentica.love Denis Dazhdzhavikov confirmed the information about the cooperation with Ozon. According to a spokesman for Ozon, the retailer expects not only to make money on the new service, but also to optimize their logistics costs through new orders. It will also allow
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 “Regional Aircraft”, the manufacturer of SSJ100 (a branch of “Irkuta”, holding KLA) and staff cuts. In the fall, “Vedomosti” wrote about staff reductions in the “Regional Aircraft” by 15-30% of the total. “59 SSJs gathered in the manufacturer, a significant part was in a high
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. However, the decision is a compromise for all participants, given that some countries categorically did not want to keep the current limits, he said. According to Polishchuk, it would be more logical not to increase production at all, leaving the current agreements in force. “Now
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 such beer has become less sold in modern retail (in supermarkets, hypermarkets, discounters, shops near the house), which accounts for 76% of the market, said a spokesman for Nielsen. In particular, the large network “Red & White” has refused this drink since December 2019. However,
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 has already sold this year a division of trucking in Europe and a laboratory to develop unmanned taxis. In the third quarter of 2020, Uber’s revenue fell to $ 3.1 billion – by 18% compared to the same period in 2019. Net losses in this
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 in the first reading in December 2018. Since then, it is preparing for the second and has undergone many changes. In particular, it appeared an amendment on the regulation of tariffs by regions, according to the text of the document (available to the “Gazette”). The
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 the last 15 years), and in 2022-2025. – $ 20-25 billion a year. Previously, ExxonMobil planned to allocate about $ 30 billion a year in capital expenditures. In particular, ExxonMobil has decided to abandon projects that it does not consider strategically important, namely the development
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 2020 will provide up to 15% of the target increase in exports of non-commodities. In February, Sibur started test sales of polypropylene and polyethylene produced by Zapsibneftekhim. As a result, in January-September the group increased shipments of polypropylene by 61% to 826,700 tons, and polyethylene
Month: December 2020
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