• Gazprom does not intend to increase exports above the plan

    Gazprom does not intend to increase exports above the plan

    According to the results of 2021, Gazprom plans to increase gas production by 55 billion cubic meters. m, or 12% to 510 billion cubic meters. m – the highest level for the past 10 years, said CFO Alexander Ivannikov on August 31 during a teleconference on the results of semi-annual IFRS reporting. According to him, the company will also increase exports to Europe by 6 billion cubic meters. m to last year’s figures up to 183 billion cubic meters. m. He added that the previously announced supply of 56 billion cubic meters. m on the “Nord Stream – 2” by

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  • Uber sale of shares in a number of Yandex services could mean its departure from Russia, analysts say

    Uber sale of shares in a number of Yandex services could mean its departure from Russia, analysts say

    Yandex is buying out a 33.5% stake in Uber in Yandex.Res, Yandex.Cappers and Yandex.Delivery, she said on August 31. The deal, which is scheduled to close by the end of this year, will also include 18, 2% in the company Yandex SDG, which deals with unmanned vehicles and bicycles. For all this, “Yandex” will pay $ 1 billion, its share in these companies will be 100%, according to the report. It also says that he will buy another 4.5% stake in Yandex.Taxi, increasing his stake in it to 71%. In addition, “Yandex” will have an option to acquire the remaining

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  • Oil continues to rise in price pending the OPEC + meeting on September 1

    Oil continues to rise in price pending the OPEC + meeting on September 1

    As early as Wednesday, September 1, the OPEC + group may reconsider the decision to increase oil production, agreed in late July. This was stated by Kuwaiti Oil Minister Mohammad Abdulatif al-Fares. “Markets are slowing down. As the fourth wave of COVID-19 has begun in some regions, we need to be careful and reconsider this increase. The increase of 400,000 barrels per day can be stopped, ”he said (quoted by Interfax). The Kuwaiti statement was made against the backdrop of the suspension of oil production in the Gulf of Mexico due to Hurricane Ida. In some areas, most wells have

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  • Russian airlines are cutting losses or making a profit in the second quarter

    Russian airlines are cutting losses or making a profit in the second quarter

    The largest Russian air transport group Aeroflot (excluding Aeroflot includes Russia and Peremoha) reduced its net IFRS loss by almost 14 times to 2.6 billion rubles in the second quarter of 2021. “In the second quarter of 2020, net losses amounted to 358 billion rubles., And in none of the following periods, including the summer season of 2020, the group did not come so close to a positive result,” – said on August 30, Deputy Chief Financial Officer. “Aeroflot” Andrei Chikhanchin. The loss of the group for six months has more than halved to 277 billion rubles. compared to 583

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  • Inter RAO is looking for a way not to pay the EU carbon tax

    Inter RAO is looking for a way not to pay the EU carbon tax

    Inter RAO (electricity import-export operator in Russia) has improved its forecast for electricity exports. The company intends to supply abroad for the year 19 billion kWh, ie. almost as much as in the dock-like 2019 (19.3 billion kWh). This was announced during a teleconference on August 27 by a member of the board of the company Alexander Panin. Back in March, Inter RAO predicted the supply of 15 billion kWh abroad. Panina also said that Inter RAO intends to avoid paying fees under the EU’s cross-border carbon regulation (TUR). “One of the possible mechanisms we are betting on is individual

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  • Transmashholding and GK 1520 compete for 2.5 billion euros contract in Jerusalem

    Transmashholding and GK 1520 compete for 2.5 billion euros contract in Jerusalem

    Transmashholding (TMH) is participating in two tenders in Israel, Kirill Lipa, the holding’s general director, told Vedomosti. The first is a tender for financing, design, construction, operation and maintenance of the third branch of the Jerusalem light rail network. The project is implemented on the basis of public-private partnership. The winner will act as a concession administrator for 25 years. The maximum cost of the project – 2, 5 billion euros. Now the Israeli authorities are collecting applications, the tender itself will take place in a year. “We have approximately 10-12 months to prepare documentation that must meet the strict

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  • Nayara Energy has raised $ 540 million to produce polypropylene at a refinery in India

    Nayara Energy has raised $ 540 million to produce polypropylene at a refinery in India

    Nayara Energy (formerly Essar Oil Limited) has signed an agreement with a consortium of banks led by the State Bank of India to provide a loan of 4,016 crore (10 million) Indian rupees (about $ 540 million), the company said. The credit line will operate for 15 years. Nayara Energy plans to direct the funds to the construction of 450,000 tons of polypropylene per year. Construction will be financed not only from borrowed funds, but also from equity. Nayara Energy already owns land for construction, it does not need to acquire new plots for the project. Construction of the first

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  • The FAS suspected a cartel in the armature market

    The FAS suspected a cartel in the armature market

    The Federal Antimonopoly Service (FAS) has claims against Vladimir Lisin’s NLMK group and three other metallurgical companies – Ivan Demchenko’s Novostal-M and members of the Zubitsky Industrial and Metallurgical Holding (PMH) of Tulachermet Steel and UK “M reported the service on August 26th. It was explained that there were signs of a price collusion, due to which prices for construction fittings could rise. Since the summer of 2020, they have soared by 50%. In this regard, the Antimonopoly Office has launched unscheduled on-site inspections of the enterprises of these metallurgical companies in Moscow, Tula and Lipetsk. In case of violations,

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  • Rosaviatsia allowed Aeroflot and S7 to fly to Egypt

    Rosaviatsia allowed Aeroflot and S7 to fly to Egypt

    At a meeting in the Ministry of Transport on August 26, Rosaviatsia issued a number of Russian airlines with permits to operate regular flights to resorts in Egypt – Hurghada and Sharm el-Sheikh. Previously, from August 9, only 5 airlines a week from Moscow in each direction were operated by Russia (a member of the Aeroflot group). Now you can also fly from Moscow to Aeroflot and S7. “Aeroflot” will send seven flights a week in each direction, according to the website of the Association of Tour Operators of Russia (ATOR). Sources of “Vedomosti” among carriers confirm these data. The

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  • Winemakers have difficulty obtaining licenses for certain types of wine

    Winemakers have difficulty obtaining licenses for certain types of wine

    Employees of two wine companies told Vedomosti about the suspension of new licenses for the production of wines with a protected geographical indication and a protected appellation of origin (ZGU and ZNMP). This is due to new legislation. Boris Katrukhin, Director General of the Self-Regulatory Organization (SRO) of the Wine Union, reminds that on July 2, 2021, amendments to the Federal Law on Alcohol Market Regulation (171-FZ) came into force, which introduced an additional requirement for obtaining licenses for PGI and ZNMP. Now winemakers must give the Rosalkogolregulirovaniye (PAP) a certificate of quality, which confirms membership in the federal SRO

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  • The coronavirus cost the manufacturers of railway equipment 55 billion rubles

    The coronavirus cost the manufacturers of railway equipment 55 billion rubles

    A study by the Institute for Natural Monopolies (IPEM) notes that rail transport is among the most affected by the coronavirus pandemic industries. RZD’s revenue under IFRS in 2020 fell by 9.1% over the previous year to 228 billion rubles. The decline in the financial performance of the railway monopoly stimulated the segment of passenger traffic, in which revenue fell by 44.8% and amounted to 1557 billion rubles. At the same time on the transportation of goods the company managed to earn 14.5 billion rubles. – 2, 6% more than in 2019. RZD’s net loss last year amounted to 52.9

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  • Oil prices are rising amid the accident in Mexico and pending Fed decisions

    Oil prices are rising amid the accident in Mexico and pending Fed decisions

    Oil prices are going up amid an accident on the oil rig of Mexican company Pemex in the Gulf of Mexico and in anticipation of Friday’s meeting of the US Federal Reserve. On Wednesday, a barrel of Brent was already trading at $ 71.5 against $ 65 on Friday, August 20. Over the previous two sessions, Brent jumped 9%, WTI – 8.7%, the highest growth since November 2020. This growth was preceded by seven “bearish” sessions in the oil market: for the week ended August 20, quotes fell by 8 -9%, which, by contrast, was the strongest decline since October

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  • Hungary signs new contract with Gazprom

    Hungary signs new contract with Gazprom

    Hungary plans to sign a new long-term contract for the supply of Russian gas in the fall of 2021. This was announced on August 24 by the country’s Foreign Minister Peter Siarta. He explained that it was a 15-year contract. We are ready to sign a new long-term agreement with Gazprom. We are now in the final stage, in St. Petersburg on Monday (August 30. – “Vedomosti”) with the General Director of “Gazprom” Mr. [Алексеем] We will discuss the latest details of this agreement with Miller, ”Siarta said (quoted by Interfax). The minister noted that the parties should agree on

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  • Ukraine continues to replace gas with coal from Russia

    Ukraine continues to replace gas with coal from Russia

    Ukraine in the first half amid hot weather and high gas prices in Europe increased imports of thermal coal by 17% relative to January – June 2020 to 10, 1 million tons Imports of Russian coal to the country increased by 12, 5% up to 6, 7 million tons, according to the State Statistics Service of Ukraine (Ukrstat). At the same time, Russian suppliers could not make much money on this: in monetary terms, supplies rose by only 3.5% to $ 587.8 million (against $ 567.8 million a year earlier), although coal prices in Europe are at a maximum for

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  • “Raspadskaya” is ready to pay free cash flow for dividends

    “Raspadskaya” is ready to pay free cash flow for dividends

    The board of directors of the Raspadskaya coal company, 90.9% of which controls the Euro, has decided to change its dividend policy, Raspadskaya said on August 20. “Raspadskaya” intends to pay dividends every six months in the amount of at least 100% of free cash flow (FCF) according to IFRS, in the event that the ratio of net debt / EBITDA will be less than 1. If the ratio is higher, dividends will be not less than 50% FCF. The company will strive to maintain a net debt / EBITDA ratio below 2. Following the announcement of “Raspadskaya” its shares

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  • Federal Freight Company RZD is going to sell all its covered cars

    Federal Freight Company RZD is going to sell all its covered cars

    As Vedomosti has learned, on August 20 one of the largest railway operators – the Federal Freight Company (FGK, “daughter” of Russian Railways) plans to announce the start of bidding for the right to enter into a contract of sale of its own fleet of covered cars. The auction will be held on September 23 at the Committee Committee. The initial cost of the deal is 10.1 billion rubles. FGC owns the third largest fleet of covered cars in Russia after the First Freight Company (PGC) Vladimir Lisin and “Atlanta” Alexei Tycher. The entire indoor fleet of FGC will be

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  • Gazprom to start pumping on Nord Stream 2 no later than the beginning of November

    Gazprom to start pumping on Nord Stream 2 no later than the beginning of November

    By the end of this year, Gazprom will supply 5 billion cubic meters of the Nord Stream-2 gas pipeline to be completed. m of gas, the company said on August 19 in the Telegram-channel. The monopoly has also revised the forecast of the average price for gas supplies to European far abroad in 2021 under long-term contracts. The new estimate was $ 269.6 per 1,000 cubic meters. m of gas – 30% above the previous forecast. At this price, supplies by Nord Stream 2 would bring Gazprom $ 1.5 billion in revenue by the end of the year. The company’s

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  • Sales of everyday goods resumed after the pandemic.

    Sales of everyday goods resumed after the pandemic.

    After a year of decline in the II quarter of 2021, sales of consumer goods (FMCG) for the first time increased in physical terms – at 5, 3%, according to NielsenIQ. They take into account the sale of food and non-food products in stores of modern (retail chains at the federal, regional and local levels) and traditional (markets, kiosks, pavilions) trade in cities with a population of over 10,000 people. Compared to the pre-dondemic year 2019 in the II quarter of 2021, sales of everyday goods were only 0.2% lower than in the same period in 2019. Thus, this figure

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  • Gazprom’s German partner plans to build an 8-tonne CO2 storage facility

    Gazprom’s German partner plans to build an 8-tonne CO2 storage facility

    On August 18, the Greensand Consortium for Carbon Capture and Storage in Denmark with the participation of the German oil and gas company Wintershall Dea, which is Gazprom’s main partner in Germany, announced the launch of a project to pump CO2 into offshore hydrocarbon fields2 . The Nini West field (located near the Siri oil field in the Danish sea sector) will be able to provide conditions for pumping between 0.5 million and 1 million tons of SOU per year until 2025, says Wintershall Dea. By 2030, the storage capacity will reach 8 million tons of CO2 per year, which

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  • The structure of “Yandex” has started express delivery of cosmetics

    The structure of “Yandex” has started express delivery of cosmetics

    The Yandex.Delivery service has started cooperating with cosmetic retail chains, a company representative told Vedomosti. He, in particular, launched an express delivery of decorative and care cosmetics from stores “Rive Gauche”, “L’Etoile”, “Golden Apple” within 2-4 hours. The order can be placed on the website of the retailers themselves, and the logistics will be taken over by Yandex.Delivery, the interlocutor of Vedomosti said. Representatives of “Rive Gosh” and “Golden Apple” confirmed the information about cooperation with the service, the representative of “L’Etoile” did not respond to the request. Yandex.Delivery organizes transportation for business. According to its own data, in the

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  • Gas prices in Europe fell amid erroneous reports of the launch of Nord Stream 2

    Gas prices in Europe fell amid erroneous reports of the launch of Nord Stream 2

    In Europe, gas prices fell by about 10% on August 18 after the German gas carrier Gascade published erroneous data on allegedly started deliveries on the Nord Stream-2 gas pipeline. Statistics Gascade reported the receipt of physical volumes of gas on “Nord Stream – 2” from the Libmin II highway at 15.00-16.00 and 16.00-17.00 Moscow time. An official spokesman for the operator later denied this information to Bloomberg, but so far the information has already affected spot gas prices in Europe. In particular, the price of September futures on the Dutch hub TTF fell from $ 570 to $ 515

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  • Rosaviatsia has issued permits for flights to Egypt to six other airlines

    Rosaviatsia has issued permits for flights to Egypt to six other airlines

    On August 17, Rosaviatsia issued an order granting more than 200 permits to operate regular flights from Russia to the Egyptian resorts of Hurghada and Sharm el-Sheikh to six other airlines – Royal Flight, iFly, Yamalu, Azimuth, Red Wings and NordS. Previously, Aeroflot and its subsidiaries the low-cost carrier “Victory”, S7 (all on flights from Moscow), as well as “Russia”, “Ural Airlines”, Smartavia, Nordwind and AZUR air from the regions have already received permits for Egyptian destinations. At the same time, all carriers will not have enough new quotas issued by the headquarters since August 27. On August 16, the

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  • To protect against the Amur floods again want to build four hydropower plants

    To protect against the Amur floods again want to build four hydropower plants

    The government is once again returning to the issue of building anti-flood hydroelectric power plants in the Far East, according to instructions issued by Russian President Vladimir Putin to the government on August 17. The order was given following a meeting on August 6 on the situation with floods and fires. The President instructed to study the construction of hydropower facilities in the Amur Basin, including the Neman and Selemja rivers. This should support the development of the energy system of the Far East and reduce the risk of floods. Departments must submit reports to the president by October 1.

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  • Petrochemicals have not yet become the engine of Russia’s economy

    Petrochemicals have not yet become the engine of Russia’s economy

    Investors are investing in oil and gas (NGH) in Russia, but the share of this sector in GDP could be much higher, according to the report of the Central Committee “Petrochemical in Russia: opportunities for growth” (available to “Vedomosti”). NGH projects are very capital intensive with long deadlines. When making investments, producers hardly take into account domestic demand, mainly focusing on exports, the study said. Investments in the NDH in 2020 amounted to 2, 6% of the total in Russia in 2019-2020. they amounted to $ 7-7.5 billion a year, according to CSR analysts. At the same time, the share

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  • Lukoil and Rusneft are discussing a joint venture for gas processing

    Lukoil and Rusneft are discussing a joint venture for gas processing

    Oil company Rusneft is discussing with Lukoil the possibility of setting up a joint venture on the basis of the Lakosa refinery to reconstruct facilities and infrastructure for processing associated petroleum gas (APG), Prime reports, citing sources. This confirms the source of “Vedomosti”, familiar with the negotiations. According to the interlocutor of “Vedomosti”, Rusneft’s participation in the project is connected with the projected growth of APG production at the company’s fields in the Nizhnevartovsk district of the KhMAA. According to him, the economic analysis of the project showed that the creation of a single gas processing facility will diversify the

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  • The Ministry of Industry and Trade has come to terms with the delay in the construction of the Zhatay Shipyard

    The Ministry of Industry and Trade has come to terms with the delay in the construction of the Zhatay Shipyard

    On August 13, the Ministry of Industry and Trade posted a draft resolution on the portal of draft regulations for public discussion (until August 27), which provides for the postponement of the commissioning of JSC “Zhatayskaya Shipyard” (JSV) from 2021 to 2023. The construction of the shipyard on the basis of the Zhatai Shipbuilding and Shiprepair Plant near Yakutsk is the only project in the region included in the state program “Development of Shipbuilding and Techniques for Development of Offshore Deposits”. ZhSV was established in 2016 with a share capital of 2 million rubles. The shareholders are Rosimushchestvo (82.19%), Sakha

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  • UC Rusal has gone from loss to profit

    UC Rusal has gone from loss to profit

    Net income under IFRS UC Rusal, founded by Oleg Deripaska, for the six months of 2021 amounted to $ 2.02 billion, the company said on August 13. During the same period last year, the aluminum holding received a net loss of $ 124 million. UC Rusal’s revenue was $ 5.45 billion versus $ 4 billion in the first half of 2020 (35.7%). Adjusted EBITDA in January-June was $ 1.3 billion against $ 219 million a year earlier (up 6 times), net cash flow from operating activities increased 3.9 times to $ 666 million. A significant share of cash flow was

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  • Oil production in 2022 will return to pre-dondemic levels

    Oil production in 2022 will return to pre-dondemic levels

    OPEC has raised its oil and condensate production forecasts for 2021 and 2022, according to a report released on August 12. Their production in non-OPEC countries in 2021 will grow by 1.1 million barrels per day to 64 million barrels per day on average for the year, in 2022 – by 2.94 million barrels. million barrels per day. This means that in 2022, world oil production will reach a dondemic level, which in the I quarter of 2020 amounted to 66.9 million barrels. / day. The average oil and condensate production in non-OPEC countries in 2020 was only 62.91 million

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  • RF has intensified competition among operators

    RF has intensified competition among operators

    Russian Railways has allowed the Far Eastern Railway (DVR) to conclude an agreement with the Vladivostok seaport “Pervomaisky” (VMPP, owned by “Pacific Logistics”, part of the group “Solers”) until the end of 2021 to test shipments of loaded containers to the university. This is stated in the telegram of the Russian Railways (available to “Vedomosti”). The authenticity of the document was confirmed by the RF. Transportation is allowed from the station Cape Churkin (DVZhD) to seven major cargo hubs, including Bratsk, Ulyanovsk-3, White Rast, Ekaterinburg-Commodity. Containers are usually transported on special fitting platforms. Their transportation in gondola cars (open car,

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  • Alrosa has sharply increased diamond sales amid market shortages

    Alrosa has sharply increased diamond sales amid market shortages

    July sales of “Alrosa” increased 14 times compared to July 2020 to $ 318 million, the company said on August 10. In the first seven months of 2021, the company’s diamond sales amounted to $ 2.55 billion, which is 2.6 times more than in the same period a year earlier, and 31% more than in January-July 2019. The increase in sales is due to high demand for diamonds from the cutting sector, which faced a shortage of raw materials in May – June, explains “Alrosa”. Cutters, in turn, are driven by increased interest in purchasing diamond products in the second

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  • After the accident at the Urengoy plant, Gazprom stopped LPG supplies

    After the accident at the Urengoy plant, Gazprom stopped LPG supplies

    Gazprom’s subsidiary Gazprom Gazanofteprodukt Holding has informed consumers about the suspension of liquefied hydrocarbon (LPG) shipments on August 9 under direct contracts by rail. “Vedomosti” read the letter, its authenticity was confirmed by two sources in the market. The document says that due to the emergency situation at the Urengoy gas condensate plant and reduced supply of raw materials to the Surgut ZSK, it is necessary to redistribute the volume of LPG supplies from all Gazprom plants scheduled for shipment in August 2021. “. “Since August 9, it has been temporarily impossible to ship LPG by rail under direct supply

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  • What will happen to fertilizer prices due to sanctions against Belaruskali

    What will happen to fertilizer prices due to sanctions against Belaruskali

    The sanctions imposed on August 9 by the United States, Canada and the United Kingdom against the potash industry in Belarus may cause a shortage in the world fertilizer market, experts interviewed by Vedomosti believe. It is not yet clear how severe the sanctions will be, but under a negative scenario, Belaruskali will not be able to supply potassium not only to the United States but also to other countries, ”VTB Capital analyst Elena Sakhnova said. For example, in the case of US sanctions against Rusal (we are talking about the 2018 sanctions against Oleg Deripaska and his assets. –

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  • Oilmen were given a month to stabilize gasoline prices

    Oilmen were given a month to stabilize gasoline prices

    Following a meeting with Deputy Prime Minister Alexander Novak on August 9, the government decided not to impose a ban on gasoline exports, sources familiar with the results of the discussion told Vedomosti. The head of the Russian Fuel Union Eugene Arkusha confirmed that such a decision had been made. According to him, one of the conditions for abandoning tough regulatory measures in the fuel market, announced by Novak at the meeting, was an increase in gasoline trading on the St. Petersburg International Commodity Exchange (SPbMTSB) by 5,000 tons per day. In July, 28,000-36,000 tons were sold per day. According

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  • Russian Railways follows in Gazprom’s footsteps

    Russian Railways follows in Gazprom’s footsteps

    Russian Railways has identified three potential routes for a new railway from Russia to China via the Altai, Deputy Director General of the State Monopoly Alexei Shyla told reporters at a closed briefing. The final destination in all variants is Aveitan Station in Xinjiang, from where the branch will go to the border. The length of the border with China in the Altai is only 55 km, it is located in inaccessible mountainous terrain (altitude – from 2500 to 3000 m). The first version of the route can pass from the station Biysk West Siberian Railway (ZSCH), the total length

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  • At Natura Siberica the leadership has changed

    At Natura Siberica the leadership has changed

    On August 4, the head of six of the 10 legal entities through which Natura Siberica operates changed in the USRLE. CEO Dmitry Ganzer has been appointed to replace the management company of Cesar Consulting Law Agency. Last year, Natura Siberica was a prominent player in the market and was among the 20 largest brands in terms of sales, says the executive director of the Association of Manufacturers of Perfumes, Cosmetics, Household Chemicals and Hygiene Peter Bobrowski. Among the company’s brands besides Natura Siberica – “Grandma Agafia’s Recipes”, Organic Shop and Planeta Organica. Andrei Trubnikov, the company’s founder and main

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  • FAS bans Erkopharm pharmacy chain from opening new outlets in St. Petersburg

    FAS bans Erkopharm pharmacy chain from opening new outlets in St. Petersburg

    The Federal Antimonopoly Service (FAS) has granted Katren’s request to acquire a stake in Erkopharm Management Company by imposing a number of conditions on both sides of the deal. As a result, its share in the company will reach 50.01%. . The FAS report states that Erkopharm’s share of the region’s pharmaceutical retail market is already overwhelming, which means that the network may affect the “conditions of circulation” of drugs and related products and complicate the exit of other players. For a similar reason, the service also ordered the parties to reduce the number of points in the Orel region

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  • Russia may for the first time enter the top ten exporters of chocolate

    Russia may for the first time enter the top ten exporters of chocolate

    According to the results of 2021, Russia may export more than $ 765 million worth of chocolate and chocolate confectionery to other countries, the Askond confectionery industry association predicts. If this happens, the country will for the first time enter the top ten suppliers of such products on the international market, overtaking Switzerland. According to the aggregator ITC Trade Map and UN Comtrade, last year Russia ranked 11th: it exported chocolate and chocolate products for $ 729 million (295,700 tons). Switzerland earned more – $ 753 million, although it sold only 109,800 tons to other countries. Given the positive dynamics

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  • AVTOVAZ sharply reduced sales in July

    AVTOVAZ sharply reduced sales in July

    In July 2021, 3,2013 Lada cars and light commercial vehicles were sold in Russia, AvtoVAZ reported on August 3. This is only 1% more than last July, but 20% less than the company sold in June (4,096 cars). In particular, sales of the bestseller Granta decreased by 30% over the previous month (to 10,885 units), Vesta – by 17% (to 10,223 units), according to AvtoVAZ. Until June, “AVTOVAZ” was working at full capacity and even overtook the market. In 2021, car sales in Russia as a whole grew dynamically on a low basis – market growth for six months was

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  • Rosatom will create a digital platform for navigation on the Northern Sea Route for 3 billion rubles

    Rosatom will create a digital platform for navigation on the Northern Sea Route for 3 billion rubles

    Rosatom has prepared the concept of a single digital services platform (UCPS) for Sevmorputi (SMP). It includes the general architecture of the system, identifies the main users and providers of information, told “Vedomosti” Deputy Director of HMD State Corporation “Rosatom” Maxim Kulinko. He added that a feasibility study (FEASIBILITY STUDY) of the project has been prepared – it will cost about 2.9 billion rubles. According to Kulinko, Rosatom has already invested more than 50 million rubles in the development of the concept and development of integration with the existing systems of the state corporation. The same amount is aimed at

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  • Russian Railways is asking the Cabinet for 17 billion rubles for the completion and repair of roads in 2021

    Russian Railways is asking the Cabinet for 17 billion rubles for the completion and repair of roads in 2021

    Director General of Russian Railways Oleg Belozerov wrote a letter to First Deputy Prime Minister Andrei Belousov: “Since the beginning of this year, there has been a steady upward trend in prices for metallurgical products.” According to RZD’s analysis, prices for reinforcing rod steel increased by 36%, round hot-rolled steel by 54%, galvanized sheet steel by 72% and hot-rolled steel sheet by 86%. Russian Railways also writes that its main supplier of rails – Evraz has decided temporarily, from August 1 until the end of the year, to raise selling prices by 27%, which will cost Russian Railways an additional

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