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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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“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…

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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…

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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…

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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)…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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”).…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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),…

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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…

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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…

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