Importers began to refuse to supply cars to Russia

Due to the difficult situation “according to all indicators”, the German brand Audi stops shipments of cars to Russian dealerships from February 24, according to a letter from the automaker to Russian partners. Vedomosti got acquainted with the document. Cars that have passed Russian customs and are scheduled to be shipped from the importer’s warehouse…

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Oil, gas and other commodities are becoming more expensive

World commodity prices, including oil and gas, accelerated on February 24 amid Russia’s special military operation in Donbass and Ukraine. The price of Brent North Sea crude oil rose by 8.3% to the previous day’s trading session, to $ 104.8 per barrel – for the first time since mid-August 2014, according to ICE. US WTI…

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Russia will sign two special investment contracts for electric vehicles

Both applications received by the Ministry of Industry and Trade for special investment contracts (SPIK 2.0) for the development and implementation of electric vehicles in Russia from Motorinvest and Elektromobili Manufacturing Rus were recognized as the winners of the competitive selection. This is stated in a statement issued by the Ministry on February 21 following…

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Chinese taxi service Didi leaves Russia

Didi taxi aggregator, owned by the Chinese company Didi Chuxing, will stop working in Russia and Kazakhstan on March 4, 2022, a service representative told Vedomosti. According to him, today the drivers and partners of the aggregator were informed about the decision. The interlocutor explained that the company will not be able to “ensure the…

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Binnopharm Group buys the rights to antibacterial drugs from the Indian Dr.Reddy’s

Binnopharm Group, a member of Sistema JSFC, has agreed to buy from the Indian company Dr. Reddy’s owns two antibacterial brands – Ciprolet and Levolet – for sale in Russia, Belarus and Uzbekistan. This is stated in the message of Dr. Reddy’s, published on the website of the National Stock Exchange of India. A representative…

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Yandex has aimed for half a trillion rubles in revenue in 2022

Yandex forecasts revenue growth of up to 490-500 billion rubles. in 2022, according to the company’s G21 report for 2021 published on February 15. In 2021, the company increased revenue by 54% to 356.2 billion rubles. Adjusted net profit for the year fell by 55% to 8 billion rubles., Net loss for the same period…

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BMW decided to stay in Russia

Production of BMW cars at Kaliningrad’s Avtotor will continue “in accordance with the development priorities of the Russian car industry,” a representative of Avtotor told Vedomosti. This involves the transition from screwdriver assembly of premium foreign cars to full-cycle production, which includes welding, painting and assembly of machines. The assembly of BMW at Avtotor started…

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Vkusville is reducing the number of products under third-party brands

Vkusville is radically reducing the range of the Supermarket section, which sells products under third-party brands, including those that do not coincide with the retailer’s concept (sweet soda, chips, etc.) focused on healthy eating. This was reported by a source close to the retailer. According to him, the remnants of such products are being sold…

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Ukraine is complaining to an American court about the threat of war with Russia

Ukraine has appealed to the Federal Court of the Southern District of New York (USA) to deny Tatneft a lawsuit against representatives of 52 banks as part of a recovery in favor of the oil company $ 173 million for the loss of a stake in Kremenchug refinery, according to Bloomberg. Citigroup Inc., JPMorgan Chase…

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The low-cost carrier S7 Citrus was allowed to carry passengers

Citrus Group’s new low-cost carrier has received an operator’s certificate, S7 said. This document is necessary for the launch of commercial air transportation, it confirms the airline’s compliance with Russian legislation. According to the report, Citrus received a certificate of operation on the basis of the legal entity Globus, which is also part of the…

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Wine in Russia may rise in price by 15% due to labeling

The Wine Union Association (which includes Kuban Wine, Phanagoria, Milstream Black Sea Wines, etc.) addressed a letter to Russian Deputy Prime Minister Dmitry Grigorenko about the inexpediency of introducing the Honest Sign label for wine products. The general director of the association Boris Katryukhin confirmed his sending to Vedomosti. A government spokesman said the document…

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BP receives quarterly profit of $ 555 million from participation in Rosneft’s capital

BP estimates the pre-tax profit and interest income for the fourth quarter of 2021 from its shareholding in Rosneft at $ 555 million, according to a report by the British oil and gas company published on February 8. In the third quarter of 2021, BP’s profit from participation in the Russian company’s capital amounted to…

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Power engineers want to turn off the light to the “gray” miners

The Association of Guaranteeing Suppliers and Energy Sales Companies (SOEs and ESCs) has proposed allowing power engineers to disconnect illegal cryptocurrency miners from power. Such a letter was sent on February 2 to the State Duma Committee on Energy and was later published on the organization’s website. In the document, the head of the association…

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Shoe maker Westfalika has announced a bond default

Shoe retailer OR Group (until June 2021 it was called “Shoes of Russia”) announced a default on bonds issued by BO-07. We are talking about the securities that the company listed on the Moscow Stock Exchange in 2017. Since then, it has paid 408 million rubles. But on January 20, it failed to repay the…

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Gazprom demanded that Poles share $ 430 million

Gazprom has filed a lawsuit against the Polish state oil and gas company PGNiG. The Polish company announced this on February 2, the information was confirmed to Vedomosti by Gazprom. The lawsuit was filed in accordance with UNCITRAL regulations, the UN Commission on International Trade Law. It has been in operation since 1976 and is…

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Russian ports can earn on the Belarusian embargo on transit from Lithuania

The Belarusian authorities have been banning rail transit from Lithuania for a number of goods since February 7, Belarusian Foreign Ministry spokesman Anatoly Glaz said on February 2. His words are quoted by the state news agency of the country “Belta”. A statement from the Foreign Ministry said that the ban would affect the transit…

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How oil-producing countries are violating the OPEC + agreement

The participants of the ministerial meeting of the OPEC + member states on February 2 decided to increase production by another 400,000 barrels per day (b / c) in March, Interfax reported. This increase in production within the parameters of the OPEC + transaction should occur on a monthly basis. But in January 2022, the…

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VEB.RF and VTB will finance “Russian Platinum” Musa Bazhayev for 180 billion rubles

The Montenegrin mining company (ChGRK, part of the Russian Platinum Musa Bajaeva) has signed a loan agreement with VEB.RF and VTB to finance a project to develop the Montenegrin copper-nickel ore deposit in Taimyr. This was announced on February 2 by project participants. VEB.RF and VTB will provide the company with a syndicated loan in…

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Why the government has banned the export of fertilizers

Russia has banned the export of ammonium nitrate from Russia from February 2 to April 2, 2021, the government’s press service said on February 1. The decision was made to “ensure the successful completion of the sowing campaign by farmers, as well as the continuous operation of industrial enterprises,” the statement said. According to the…

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