The Russian government has not rejected the idea of creation of an international financial center in the country, but will develop a new road map for the project, Deputy Finance Minister Alexei Moiseyev reported. “We have not rejected the international financial center, we have fulfilled the previous road map. Now we are developing a new…
The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported. In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange. “We’ve put forward this option. We will continue to suggest it…
Oil major Rosneft will join OPEC in its efforts to cut production if such decision is taken and ensure that the Russian policy is fulfilled, spokesman Mikhail Leontyev reported. “Of course, the company will comply with it, if the decision is made, we will fully ensure compliance with state policies, will do everything it will…
As of October 10, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 43.5 million ha (on the same date in 2015 – 41.7 million ha), or 92.1% of the planned areas (47.3 million ha). The produced volumes reached 113.8 million tons of grains, with the average yield…
In August Russia exported 349.8 KMT of barley, down by 42.5% YoY (606.7 KMT). During two months of the season shipments decreased by 33% – to 801.9 KMT against 1197.9 KMT in July-August 2015/2016 MY. In addition, according to market operators, barley exports from Russia continued to decline in September. During the reporting period shipments…
In January-September the seaports of Russia increased the shipment volumes of grains by 2.1% YoY to 24.3 million tons, the Association of Sea Commercial Ports of the Russian Federation announced. The general cargo turnover in the Russian seaports grew by 5.7% YoY and totaled 531.7 million tons. According to the announcement, the export cargo shipment…
Russian oil major Lukoil, which was earlier named as one of the main contenders for the government’s stake in oil company Bashneft, has dropped plans to participate in privatization due to its high price, Vice President Leonid Fedun reported. “It is too expensive”, he said. “We’ve made a preliminary bid, but we understand a price…