Rusnano has started debt restructuring. What will happen to the remaining loans?

“Rusnano” has signed the first debt restructuring agreement, it was signed with the largest creditor of the company – “Savkombank”, the company said on January 19. The agreement provides for early repayment of the loan of 15 billion rubles, as well as a retrospective recalculation of interest rates on it. The size of the bet…

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Foxcon doesn’t want to be the only iron maker for IT giants

“Steve Jobs’ accomplishments would have been impossible without Terry Gow,” Zhang Dianwen wrote in Tiger and Fox (2005) about how Gow founded Foxsonn, known as “Apple’s main assembly line.” Apple is an important customer, but not the only one. Creating Go gathers technology for Nintendo, Nokia, Sony, Xiaomi, Cisco, Google, Microsoft and many other well-known…

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How Belarusian potassium can circumvent Lithuania’s ban on transit

On February 1, the Lithuanian government decided to terminate the Lithuanian Railways’ (LTG) contract with Belaruskali for the transportation of potash fertilizers. This is stated in a statement posted on January 12 on the website of the Cabinet of Ministers. The reason for the termination of the contract was called “the interests of national security.”…

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How metallurgists made money on the market and paid for it

One of the central topics in 2021 was the rise in prices for metal products, which affected a variety of industries – from construction to the automotive industry and energy. The rise in metal prices on the world market began in the IV quarter of 2020 – against the background of the gradual abolition of…

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A number of industry-affected pandemics are showing signs of recovery

In 2021, restrictions on services and trade were introduced due to the coronavirus pandemic, which, however, were milder than last year. This time the federal authorities limited themselves to non-working days from October 30 to November 8 (in Moscow and five other regions they started a few days earlier), and regional authorities introduced QR codes…

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Gazprombank and Dmitry Bakatin sell 29.9% of IRC iron ore company for $ 96 million

Axiomi Consolidation, a structure of Nikolai Levitsky, owner of “Deki” (creator of yeast brands “Nikolai” and “Stepan Timofeevich”) and former owner of the oil service “Geotech”, acquired 24.1% of the iron ore company IRC. The shares were bought out by Cerisier Ventures Limited, a member of Gazprombank (GPB), Axiomi reported on December 30. The deal…

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How will the UC Rusal performance affect the launch of the Taishet plant

UC Rusal has launched in the Irkutsk region the first Taishet Aluminum Plant (TaAZ) with a capacity of 428,500 tons per year, the company said on December 17. Investments in the project amounted to about 100 billion rubles, of which 45 billion rubles. – syndicated loan from VGB (30 billion rubles) and Gazprombank (15 billion…

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“Transition to new technologies may cost Russian metallurgists more than 1 trillion rubles”

Pavel Shilyaev, General Director of MMK, talks about steel prices, taxes and the impact of ESG factors on business Share a closed article Subscribe to share closed articles with friends. Select a subscription period For metallurgical companies 2021 turned out to be eventful. The jump in steel prices has led not only to an increase…

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Why Mardashov sells Tratsenko coal business

On December 2, Severstal told Alexei Mardashov that it had signed a binding agreement with Roman Trotsenko’s Russian Energy Company to sell Vorkutavugol, on the basis of which the coal assets of the metallurgical group were consolidated. The deal is worth 15 billion rubles. Closing is expected in the first quarter of 2022. The parties…

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Analysts predict a decline in the price of platinum in 2022

The World Platinum Investment Council (WPIC, an association of foreign metal producers) has revised its forecast for 2021, according to a review of the organization on November 24. WPIC has increased its estimated surplus of this precious metal for the year to 769,000 troy ounces. This is very close to the maximum value in the…

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Stellantis wants to make manual transmissions in Russia

On November 24, the Stellantis Group announced preparations for the production of manual transmissions (manual transmissions) at its site in Russia. Currently, active work is underway to deepen the localization of the unit to start production in late 2022, according to Stellantis. There are plans to export these products from Russia, a company spokesman told…

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Chemists have set counter-requirements for freezing fertilizer prices

The largest Russian fertilizer producers are discussing with the government the terms of freezing the prices of their products for agricultural producers until June 2022. era. Skulls. “Apart from fixing prices, we are talking about guaranteeing the volume of deliveries. We need a guarantee of counter-purchases, ”Guryev said (quoted by Interfax). According to him, in…

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Narnikel received compensation from Botswana for the deal that did not take place

Norilsk Nickel has settled a dispute with the Botswana government and the Botswana state-owned company BCL Group over a deal to sell BCL Group African assets to Narnikel, including a 50% stake in a joint venture in South Africa Nkomati. The Russian company announced this on November 18. The parties withdrew their claims against each…

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UC Rusal has sought Chinese partners for new plants

The largest Russian aluminum producer UC Rusal is in talks with companies from China to set up joint ventures in Russia for its processing and production of expensive high-end products. This was told to “Vedomosti” by Deputy General Director of UC Rusal Roman Andrushin. He declined to name the Chinese companies being negotiated, saying only…

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Pfizer will test a new drug from COVID in Russia

The American pharmaceutical company Pfizer has received permission from Roszdravnadzor to conduct clinical trials in Russia on the effectiveness of the protease inhibitor + ritanovir for the prevention of COVID-19. Relevant information is contained in the state register of medicines. It follows that the drug will be studied among adults who have been in contact…

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Cheaper gas has not yet stopped the rise in the cost of nitrogen fertilizers

The price of urea on the terms of delivery of FOB Black Sea reached $ 795 / t, urea-ammonium mixture – $ 633 / t, according to the latest Refinitiv data on November 4. Previous price highs were recorded in September and October this year, and before that the peak of growth in prices for…

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UMMC can buy 100% of the highest gold mining company

The Ural Mining and Metallurgical Company (UMMC, the main shareholders are Iskandar Mahmudov and Andrei Kozitsyn) has filed a petition with the Federal Antimonopoly Service (FAS) to buy 100% of the gold mining company Vysokyi (GV Gold), the agency said on November 1. The petition was registered on October 29. According to the FAS, it…

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Metallurgists asked Mishustin not to impose higher taxes forever

The Russian Steel Association (which unites the largest Russian metallurgical companies) has asked Prime Minister Mikhail Mishustin to limit the duration of the increased tax burden to 2022-2024. A corresponding letter on behalf of the association was sent on October 20 by its head, the main owner of “North Steel” Alexei Mardashov (there is “Vedomosti”).…

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Dmitry Bosov’s heirs sell all Sibantrocyte

Siban Holding co-founded by Yota co-founder Albert Avdolyan and businessman Maxim Barsky has closed a deal to buy 100% of Sibantrocyte from Altek, owned by the heirs of businessman Dmitry Bosov. This was reported on October 26 by Sibantrocyte and A-Property by Avdolyan. The amount of the deal is not officially disclosed. Avdolyan owns 70%…

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The government wants to simplify the procedure for putting quarries into operation

The Ministry of Construction has developed a draft government decree that simplifies the procedure for approving the commissioning of quarries and other mining operations by mining holdings. This follows from the minutes of the conciliation meeting in the department on October 11, 2021 (available in the “Gazette”). According to the document, the companies will be…

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Pharmstandard’s partner is challenging the revocation of the patent for its generic

Nativa LLC is trying to challenge the revocation of the patent for its anticancer drug sunitinib through the Intellectual Property Court, according to the arbitration case. The patent itself was revoked in June this year at the request of the structure of the American Pfizer – Sugen, which owns the rights to the original anticancer…

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Rosseti complained about expensive metal for BAM and Transsibe

The state power grid holding Rosseti fears that the rise in prices for metallurgical products could create serious difficulties in electrifying BAM and Transsib. This was stated on October 19 by the general director of the company Andrei Rumin in the Federation Council. “Such large projects as the Eastern landfill, ie the electrification of BAM…

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The government plans to zero the duty on exports of aluminum alloys

The government plans to nullify the duty on exports of aluminum alloys from Russia, introduced on August 1, 2021. This decision was supported on October 18 by the Subcommittee on Customs and Non-Tariff Regulation, Safeguards in Foreign Trade, part of the Government Commission on Economic Development and Economic Development Ministry of Industrial Trade of the…

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Severstal is involved in a hyperloop vacuum train project in the United States

North Steel and American Hyperloop Transportation Technologies (HyperloopTT) have signed an agreement to supply steel to a Russian company for the construction of the first commercial prototype of the hyperloop transport system, a spokesman for North Steel told Vedomosti. Hyperloop technology is a public transport system that uses steel sealed pipes with near vacuum pressure.…

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By 2024, Russian planes need to find up to 600 billion rubles

The government must prepare an action plan for civil aviation industry projects until 2030 by December 1, according to instructions from President Vladimir Putin approved on September 30 (the document is in the “Vedomosti”). The instructions were given following a meeting held at the MAKS-2021 air show in July. The activities of the plan will…

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ALROSA predicts new growth in the diamond market in 2022

Sales of Russia’s largest diamond mining company Alrosa more than doubled in the first nine months of 2021 to $ 3.1 billion, Alrosa reported on October 11. According to ALROSA Deputy General Director Yevgeny Agureyev, the company quotes, sales growth is likely to continue next year. Compared to the level of January-September pre-pandemic 2019 sales…

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The government will spend 30 billion rubles on the development of geological exploration

On October 7, the government approved a plan for the development of geology in the country until 2030. It was included in a list of 42 strategic initiatives (projects) aimed at making the Russian economy more modern and flexible, explained in a release on the website of the Cabinet. The project, entitled “Geology: Rebirth of…

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Rosspetsmash suggested not to give state support to the British JCB

Lobby of domestic manufacturers of special machinery and equipment – the association “Rosspetsmash” asks the Ministry of Industry and Trade to return to discussing the need to localize telescopic loaders and engines for them under the mechanism of special investment contracts (SPIK). This is stated in the letter of the association dated September 30 addressed…

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Baring Vostok bought a stake in a manufacturer of dietary supplements

Baring Vostok Investment Fund has acquired 16% from the manufacturer of dietary supplements (BAA) “Square C”. Representatives of both sides told Vedomosti about it. This information is confirmed by the data of “SPARK-Interfax”. It says that in mid-September, the owner of the 16% stake in LLC “Square C” was the Cypriot company Oxalys Limited. It,…

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Exports of metals from Russia in monetary terms in July increased 3 times

Exports from Russia of metals and metal products increased in July, before the introduction of export duties, in monetary terms 3 times compared to June – up to $ 13.9 billion, according to Rosstat on foreign trade. In particular, exports of non-ferrous metals and their products increased 4.7 times in July compared to June to…

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Rostech, Rosatom and Polyus compete for the largest of the unallocated gold deposits

Six companies have applied to participate in the auction for the Kyuchus gold deposit in Yakutia, the largest of the unallocated fund: Atomredmetzolata (ARMZ, Rosatom uranium holding), its subsidiary PJSC PPGHO, Polyus da Magadan “),” East Geoservice (Highland Gold structure), “Atom Gold” (owned by ex-owner of ChTPZ Andrei Komarov) and JV “Rostech” and the company…

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Metallurgists agreed on tax increases

The government and business have agreed on the main parameters of increasing the tax burden for metallurgists, fertilizer producers and coal mining companies for three years. This was stated on September 23 by Prime Minister Mikhail Mishustin during a meeting with members of the Bureau of the Russian Union of Industrialists and Entrepreneurs (RSPP). The…

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Analysts predict shortage of nitrogen fertilizers in Europe due to high gas prices

Fertilizer producers in the EU will seek to raise product prices to shift the additional costs associated with rising gas prices to consumers, according to a September 22 review by Fitch Ratings. As a result, European farmers may soon face a shortage of fertilizers and rising prices for them. This is likely to increase the…

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Russia may introduce utility collection for tower cranes

The Ministry of Industry and Trade is working on the introduction of a recycling fee for tower cranes, a ministry spokesman told Vedomosti. According to him, this will provide additional support to Russian producers. “This initiative was made by the manufacturers of tower cranes during the working trip of the Minister [Дениса Мантурова] in Komi.…

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Eurochem may launch third potash project after 2022 – Saratovkali

“Eurochem” Andrei Melnichenko in the framework of a new project for the production of potash fertilizers “Saratovkali” put on balance the deposit of potash ore in the Saratov region with reserves of 148 million tons. We are talking about the results of geological exploration in 2020-2021. East Perelyubsky and West Perelyubsky plots (51.2 million tons…

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The Ministry of Industry and Trade proposes to introduce point localization for quarry equipment

The draft of the Ministry of Industry and Trade, which provides for amendments to Government Decree № 719, which regulates the scoring of localization of equipment production in Russia, published on the portal regulation.gov.ru. It is prepared to support heavy machinery, in particular the production of mining equipment, a representative of the Ministry of Industry…

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Deliveries of serial IL-114-300 may be postponed to 2024

Deliveries of serial regional passenger planes IL-114-300 may be postponed to a later date than originally planned in 2023, Deputy Prime Minister Yuri Borisov told reporters on the sidelines of the Tyumen Oil and Gas Forum. The reason was the crash in August of the only pilot of the military transport IL-112B. Both aircraft were…

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Rostselmash will increase its investment program 1.4 times

Rostselmash to increase investment program to 28.5 billion rubles. of the previously stated 199 billion rubles., TASS reported on September 12. The press service of the company confirmed these plans to Vedomosti. The adjustment of the investment program is due to the revision of the plan to increase the number of models and modifications of…

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Shares of Mechala soared amid rising coal prices in Asia

Shares of Mechel rose in less than three weeks amid rising coal prices in Asia. In just one day on September 7, the value of the company’s ordinary shares on the Moscow Stock Exchange rose by 22.3% to the previous trading session, amounting to 178 rubles. per piece. Preferred shares were traded at 277.4 rubles.…

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The coup in Guinea has warmed up aluminum prices to a 10-year high

Aluminum prices have risen to their highest level since May 2011 amid a coup in Guinea (West Africa) that has threatened bauxite supplies from the country. Aluminum futures with delivery in three months on the London Metal Exchange (LME), according to 18.00 Moscow time on September 6, traded at $ 2764 per 1 ton, at…

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The government has prepared measures to encourage the collection of scrap metal

The government intends to take a set of measures to stimulate scrap metal procurement and stabilize its prices in the domestic market. On August 26, Deputy Prime Minister Yuri Borisov signed the “List of priority measures to improve the regulatory framework of the industry for the treatment of scrap and waste ferrous and nonferrous metals…

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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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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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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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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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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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Narnikel received a new environmental lawsuit worth almost 60 billion rubles

Rosrybolovstvo has filed a lawsuit in the Arbitration Court of the Krasnoyarsk Territory against the structure of “Narnikel” – Norilsk-Taimyr Energy Company (NTEK) to recover damage to aquatic bioresources in 5865 billion rubles., The press service of the agency on July 29. Rosrybolovstvo explained that the amount of damage caused by the company includes direct…

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The government has returned to the idea of ​​producing a Baikal aircraft developed by SibNIA

The Ministry of Industry and Trade, the Ministry of Economic Development and the State Economic Development Agency have been instructed to study the issue of financing the production of a nine-seater TVS-2DTS aircraft by September 30. Chaplygina (SibNIA, Novosibirsk). This instruction was given by Deputy Prime Minister, Plenipotentiary Representative of the President in the Far…

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SUAL Partners criticized UC Rusal’s statements on tariffs

Victor Vekselberg’s SUAL Partners, which owns 25.6% of UC Rusal, has criticized the aluminum holding’s management’s statement about the possibility of conserving production facilities due to the introduction of an export duty on aluminum. This is stated in a statement by SUAL Partners. The company noted that it also “expresses concern and surprise” over recent…

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Drug production in Russia fell by almost 10%

In the first five months of 2021, the production of drugs in Russia in physical terms decreased by 9.2% year on year to 17 billion packages, according to a study by analytical company RNC Pharma. These data include the production of the vaccine against COVID-19 “Satellite V”, shipments of which for the reporting period amounted…

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Rosatom has dramatically increased funding for its engineering division

Preparing the soil The company “AEM-technology”, which is part of the engineering division of “Rosatom” “Atomenergomash”, in 2021-2023. deposit 97 billion rubles. in the modernization of production, told “Vedomosti” CEO Igor Kotov. The investment program of AEM Technologies for the next three years is 1.6 times higher than the capital expenditures for the previous three…

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UC Rusal will receive funds to upgrade obsolete facilities

UC Rusal has applied for participation in the buyback program of MMC Norilsk Nickel, the company said on June 15. As UC Rusal Deputy General Director Maxim Polyatayev explained to Vedomosti, the company has presented the entire stake in Narnikel (27.82%), but does not plan to sell so much. “It is too early to talk…

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During the locks many got crocs

Who can be called the real beneficiary of the lockdown, so it’s Crocs. Being locked at home, people hid office shoes. Crocs wore both pajamas and fashionable clothes, not to mention the cases when during the Zoom conference the official top was adjacent to the home bottom. GQ magazine believes that crocs are the perfect…

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Rosatom Holding buys 25% of Tugansk GOK

Rosatom’s subsidiary Atomredmetzalata (ARMZ) – United Uranium Enterprises (URAN) signed an agreement with Tugano Mining and Processing Plant Ilmenit on May 24. The investor will spend more than 500 million rubles on the construction of the first stage of the enterprise, for which he will receive 25% of the shares this year. shares of the…

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The Russian clothing market is recovering from the pandemic

Russian clothing manufacturers, according to the CEO of consulting company Y Consulting Daria Nuclear, intend to significantly increase production this year. She explains this by the increase in demand for domestic products. Nuclear does not name specific figures. The intention to increase clothing production by about 30% was confirmed to Vedomosti by the largest Russian…

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The Ministry of Industry and Trade has developed a new system for evaluating medical equipment

Confirm the domestic origin of computer tomographs, X-ray machines of various types, pulse oximeters, ultrasound and mechanical ventilation equipment and other sophisticated medical equipment manufacturers will receive points for the use of Russian components and software. This is stated in the draft government decree published by the Ministry of Industry and Trade. The score will…

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ADC sells complex of aircraft engine plant in Tushino

The United Engine Corporation (ADK, part of Rostech) intends to sell the plots and buildings of the VV Chernyshov Moscow Machine-Building Enterprise (MMP) located in the Tushino district, a source in the Defense Ministry told Vedomosti. industrial complex. In the near future, the assets will be put up for public tender, the starting price will…

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State support for cancer patients has led to an increase in their own drug costs

Despite the increase in funding for the purchase of oncology drugs by the state, the costs borne by Russians themselves for these drugs have more than doubled in the last two years. According to the results of 2020, sales of anticancer drugs in pharmacies, where patients can buy them, amounted to 5.2 billion rubles, while…

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Tax changes in China will help Russian metallurgists increase exports

The Chinese government is going to drastically reduce or abolish benefits on steel export duties. It is envisaged that adjusting the tax rebate will allow Chinese metallurgists to focus on the domestic market rather than on overproduction for foreign demand, which will reduce pollutant emissions. At the plenum of the CPC Central Committee in October…

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Rostech resigns from Synthesis antibiotic shareholders

Sistema has bought a stake in the National Immunobiological Company (Natsimbia, part of Rostech) in the manufacturer of antibiotics Synthesis. A source close to one of the parties to the deal, which he said was closed on March 30, told Vedomosti. Representatives of Sistema and Rostech confirmed this information, but did not disclose other details.…

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