Uralkali, one of the world’s largest potash producers, announces its production results for Q3 and the 9 months of 2016. Uralkali produced 2.8 million tons of potassium chloride (KCl) in the third quarter of 2016. The company produced 7.9 million tons of KCl in January-September 2016. Uralkali is one of the world’s largest potash producers…
Russian retailers are interested in selling Google’s Pixel, the first smartphone fully designed by the U.S. company, spokespeople for several companies reported. “Google’s previous models Nexus sold at Svyaznoy enjoyed some success among the fans of the most technically advanced smartphones”, Sergei Tikhonov, a spokesman for multi-channel retailer Svyaznoy, said adding that it was still…
Russia’s Finance Ministry may resume discussion about excises on sugared beverages in 2017, Deputy Minister Ilya Trunin reported. “The issue is delayed until the next tax policy is discussed. The next window of possibilities will appear in a year”, he said. In early 2016, the government considered introducing excise duties on palm oil and some…
The Russian government has allowed oil major Rosneft to buy the government’s 50.08% stake in oil company Bashneft without an auction for 329.6 billion rubles, a source at the Energy Ministry reported. On September 30, First Deputy Prime Minister Igor Shuvalov said that the government had decided to resume preparations for the sale of its…
The Russian Finance Ministry does not support a proposal by the Federal Antimonopoly Service to introduce a floating excise on engine fuel depending on global oil prices, Deputy Minister Ilya Trunin said. The official said that fuel excises were a source of replenishment of road funds. “This means that we will need to introduce floating…
The Russian government will most likely sell a 19.5% stake in oil major Rosneft in November, Economic Development Minister Alexei Ulyukayev reported. “We do not have the time now. According to the schedule, most likely in November”, he said. (Prime/Business World Magazine)
The Russian government plans to save about 700 billion rubles by cutting inefficient spending and redistribute around one trillion rubles in the 2016 budget, including social spending, Prime Minister Dmitry Medvedev said at a government meeting. “We are working on reduction of inefficient budget spending. We plan to save around 700 billion, even more, this…