Canadian Kinross Gold will sell gold mining assets in Russia

Canada’s Kinross Gold has begun talks to sell its gold mining assets in Russia, the company said on March 30. Kinross says it has received several offers to sell Russian business and is in “exclusive talks with an unaffiliated, non-sanctioned mining company” about the possible sale of all assets in Russia. The press release states…

Read More

IEA expects oil production in Russia to fall by 30%

Due to Russia’s special military operation in Ukraine and related disruptions in oil supplies, global demand for oil in 2022 will increase by only 2.1 million barrels per day (bpd), according to a March report by the International Energy Agency ( IEA). In February, the IEA expected demand to grow by 3.2 million bpd. Global…

Read More

Ukraine “nationalizes” the cars of the largest Russian companies

Ukrainian Railways (Ukrzaliznytsia, UZ) intends to nationalize Russian freight cars in Ukraine. This was stated on March 15 by Chairman of the Board Alexander Kamyshin, whose words are quoted on the company’s website. “At the first stage, we are compiling a list of car owners who have Russia among their founders. Then there will be…

Read More

Confectionery prices rise by an average of 20-30%

Major federal and regional retailers have received notifications from confectionery manufacturers demanding higher sales prices for their products from today. Employees of three retailers told Vedomosti about this and confirmed a representative of the Eastern Union alliance (uniting the largest networks in the Siberian and Far Eastern federal districts of Russia – Krasny Yar, Samberi…

Read More

Authorities have announced new measures to support farmers

The Russian government is discussing a set of measures to support the agro-industrial industry against the background of imposing sanctions on the country and raising the key rate to 20%. A total of 44 billion rubles is planned to be allocated from the federal budget for the sowing campaign, soft loans and leasing for agricultural…

Read More

Gasoline is becoming more expensive in Europe due to the energy crisis and geopolitics

In European countries in January-February 2022, retail gasoline prices rose by an average of almost 7%. According to the platform fuelo.net, in just two months (as of March 1) the cost of a liter of AI-95 at gas stations rose in Romania – by 14.2% to 1.41 euros. The highest prices were recorded in the…

Read More

UC Rusal has stopped the plant in Ukraine

The UC Rusal company founded by Oleg Deripaska stopped production at the Nikolaev alumina plant in Ukraine against the background of military special operation of Russia, the company reported on March 1. The release explains that production has been temporarily suspended “due to unavoidable logistical and transport problems in the Black Sea and surrounding areas.”…

Read More

Grain producers are asking for a refund of export duties

Grain producers are asking for a refund of floating export duties (damper – “Vedomosti”) in the form of subsidies, as well as to increase the volume of soft loans. The Union of Grain Exporters addressed a letter to Prime Minister Mikhail Mishustin. Vedomosti got acquainted with him. A union representative confirmed his dispatch. Requests to…

Read More