Russia is in general ready to back a freeze of oil production, Economic Development Minister Alexei Ulyukayev reported. “We’ve already said that we are ready to support efforts in freezing oil production. The level of the freeze is a question that has to be discussed, but in general we are ready to support the idea”,…Details
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DTEK Energy Operating Company in the framework of restructuring its loan portfolio will transfer Obukhovskaya mine directorate (the Russian Federation) together with borrowings of $436 million to DTEK strategic holding for direct control. According to the press service of the holding, this will allow to reduce the loan portfolio of DTEK Energy that will improve…Details
Britain’s Crown Agents will not be able to supply three out of 214 pharmaceuticals from the procurement list bought using 2015 national budget funds. There is no alternative to the drugs in Ukraine today. Crown Agents reported that Lamivudinum (1,200 mg, 69th on the list) would not be bought due to the impossibility of buying…Details
VTB Capital, an investment advisor in privatization of the government’s 50.08% stake in Russian oil company Bashneft, has recommended selling the stake in a single lot, Economic Development Minister Alexei Ulyukayev said. “The advisor’s recommendation is a sale in a single lot”, he said. “We are completely ready for that, and I mean VTB Capital,…Details
The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12.5% protein) grew by $1 to $168-170/MT FOB, while 3rd grade wheat prices (11.5% protein) reached $161-164/MT FOB for October delivery. Some recovery of importers’ demand for October-November was observed on…Details
Ukrainian broiler meat production is growing even faster than thought, thanks to record exports and steady consumer demand, US officials said. The improving economic situation in Ukraine is allowing producer to up their output, and the bumper grain harvest this year will help margins next year, the US Department of Agriculture’s Kiev bureau said. The…Details
Russia’s Natural Resource and Environment Ministry and the U.N. have approved the first document that will bring the country’s classification of oil and gas resources closer to the U.N. classification, the ministry said in a statement. This document has become the first document that has tied the U.N. framework classification with a national system. The…Details