The government supported the introduction of cashback for travel on toll roads in the summer

The Ministry of Transport supported the proposal of State Duma deputies to introduce a cashback program for travel on toll roads in the summer. This is stated in the department’s response to the letter of State Duma vice-speakers Sergei Neverov, Sholban Karaool (both from “United Russia”) and Vladislav Davankov (“New People”) to Prime Minister Mikhail…

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Are British sanctions against Vladimir Potanin dangerous for Norilsk Nickel?

On June 29, the British government included Vladimir Potanin, the largest shareholder of Norilsk Nickel, in the sanctions list, the press service of the British Parliament reported. The sanctions were imposed due to Russia’s special military operation (SVO) in Ukraine. The new British sanctions list includes a group of individuals, including the chairman of the…

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Retailers have filed lawsuits for 325 million rubles to the IML courier service

Cosmetic brand “L’Oxitan”, “Monex Trading” (brands Mothercare, Next, The Body Shop, MAC, Victoria’s Secret, etc.), “Double Trend” (one of the brands of Jeans Symphony), as well as a number of home appliance stores, Electronics and various counterparties from May 12 to June 22 filed 24 lawsuits against the IML courier service totaling more than 325…

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German Linde has stopped deliveries for the largest chemical complex in Ust-Luga

The German company Linde GmbH withdrew from a joint venture with Rushimalyans (50% each from Gazprom and Rusgazdobycha Artem Obolensky) for the production of helical cryogenic heat exchangers for the gas processing industry and gas liquefaction. According to the Unified State Register of Legal Entities, as of June 21, Rushimalyans is a 100% owner of…

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Russia has moved Saudi Arabia into China’s oil market

In May 2022, Russia exported 55% more oil to China than in May last year and became Beijing’s largest supplier, surpassing Saudi Arabia, Reuters reported on June 20. According to China’s General Customs Administration (quoted by Reuters), Russian oil imports, including supplies through the Eastern Siberia-Pacific Ocean (ESDP) pipeline and shipping from European and Far…

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Sistema JSFC became interested in IKEA furniture factories

The purchase of furniture factories by the Swedish company IKEA is interesting for Sistema, Vladimir Yevtushenkov, the main owner of the investment company, told Vedomosti. Such a deal could give synergies with the Segezha Group timber holding, he said. So far, Sistema is not negotiating with IKEA, which announced on June 15 the sale of…

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Yandex.Market will sell used luxury goods

Yandex.Market has started selling used bags from well-known luxury brands – Louis Vuitton, Saint Laurent, Dior, Prada, Gucci, Chanel, Fendi, Balenciaga, Bottega, said a representative of the marketplace. The corresponding section has already appeared on his website, the average price of goods there exceeds 100,000 rubles, the Vedomosti correspondent was convinced. The project partner there…

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OPEC + is forcing the increase in oil production

Following the ministerial meeting of the members of the agreement, the parties to the OPEC + deal decided to increase the quota for oil production for July and August 2022 to 648,000 barrels per day (bpd) per month. The previous plan provided for a monthly increase from May to September inclusive of 432,000 bpm per…

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Gazprom’s deliveries abroad fell by almost a third

Gazprom’s exports to foreign countries in the five months of 2022 decreased by 27.6% compared to the same period last year and amounted to 61 billion cubic meters. m of gas, the company said on June 1. As a result, in January-May it reduced production to 211.4 billion cubic meters. m, which is 4.8% (or…

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