Russian multi-industry holding Sistema has sold a 1.27% stake in MTS in the form of American depositary receipts (ADRs) for $100.4 million, and its total interest in the mobile operator decreased to 50.44%, the holding said in a statement. The stake of 12.7 million shares was sold by Sistema’s unit, Sistema Finance S.A., to a…
Czech Republic’s PPF Group NV and Staroak Limited plan to sell up to 26 million common shares, or 6% in the charter capital of the Russian precious metals producer Polymetal International via accelerated book building, Morgan Stanley, one of the possible organizers of the deal, said in a statement. The book building was to start…
On September 23, Russia zeroed down the export duties on wheat, the Minister of Agriculture of Russia Alexander Tkachev declared. According to the forecast of Tkachev, in the current year the grain exports will reach 35-40 million tons. At the same time, as of the morning of September 23, the officials still did not make…
Several hundreds of people have lined in front of Moscow’s high-street store GUM for Apple’s new iPhone 7 and 7 Plus, whose official sales in Russia debuted on September 23. The queue, which had started forming since early hours of Friday, consisted mainly of young people of 18-25 years. According to Hi-Tech Mail.Ru, the number…
Internal risks are the key for the Russian economy, but foreign risks exist as well, the Central Bank’s Chairwoman Elvira Nabiullina said. “Internal risks for the Russian economy are still the key, I believe. Nevertheless, foreign risks exist as well, and Anton Siluanov has already defined them as “uncertainty”. Uncertainty in dynamics of global growth…
Russian national flag carrier Aeroflot may sell its largest affiliate Rossiya Airlines. Aeroflot owns 75% minus one share in the affiliate, while the rest is owned by the government of St. Petersburg. Deputy Prime Minister Arkady Dvorkovich ordered the Transport Ministry to prepare suggestions for the possibility of Aeroflot selling Rossiya Airlines. The Economic Development…
The Russian communications service has suggested implementing special software for subscriber devices to identify users of Wi-Fi networks of Internet access and insists on administrative responsibility for individuals-owners of such networks. The Federal Service for Supervision of Communications, Information Technology, and Mass Media checked more than 18,000 public hotspots across the country and found out…