Russian billionaire Mikhail Fridman, a co-owner of VimpelCom Ltd., is happy that Norway’s Telenor has begun selling its stake in the wireless carrier, because competition between the two companies in some markets created an “abnormal” situation on the board. Telenor, which began selling its 33% stake of VimpelCom Ltd. earlier in September, is a direct…
According to a spokeswoman for the company, Russian Aircraft Corporation MiG is currently holding talks with several potential buyers of the MiG-35 jet fighters. “At the moment, MiG-29 is being used in 29 countries around the world. All of these countries, some more and some less so, are interested in MiG-35s, as most of MiG-29s…
Russia’s Federal Antimonopoly Service has proposed to introduce a system of flexible excise duties on fuel, which can be revised every month, to stabilize a tax policy in the energy sector, the service’s Deputy Director Anatoly Golomolzin said. “We always speak about a necessity to introduce the system of flexible excise duties. The government gave…
Since the beginning of 2016/2017 MY and as of September 21, the volume of grain exports from Russia totaled 7.83 million tons, down by 9% YoY (8.582 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 6.588 million tons from the reporting export volumes, barley…
In Bashkiria the new vegoil extracting plant is being built with crushing capacity of 1.2 KMT of sunseed per day. Currently the first construction stage has been completed with vegoil press section having the capacity of 350 tons of raw material. The section will be able to produce 47.5 KMT of non-refined vegoil and 50…
In January-August the volume of grain shipment for exports by enterprises of PJSC Novorossiysk Commercial Sea Port (NCSP Group) totaled 3.54 million tons, down by 10.7% YoY, the press-service of the company declared. Also, NCSP Group decreased vegetable oils shipment by 8.7%, to 140 thousand tons. The shipment volumes of chemical cargoes (including mineral fertilizers)…
Russian oil major Rosneft has suggested the government to revise the principle of investment component in tariffs of oil pipeline monopoly Transneft, according to the letter by Rosneft CEO Igor Sechin. Rosneft has proposed to exclude the mechanism of long-term investment tariffs, which Transneft uses to build pipelines to oil companies’ facilities. Transneft receives the…