Russia: TogliattiAzot 2016 RAS net profit down

The net profit of Russian chemicals company TogliattiAzot dropped by about 94%, to 1.283 billion rubles in 2016, as calculated under Russian Accounting Standards (RAS), the company said in a statement. Revenue declined by 30%, to 44.35 billion rubles. Sales profit went down by 73%, to 7.34 billion rubles and pretax profit fell by about…

Belarus to work with Uralkali if interests respected

Minsk is ready to cooperate with Russian potash fertilizer producer Uralkali if the company respects interests of Belarus to the degree of “200%”. While hearing a report on operation of Belarusian Potash Company, or Belaruskali, the Belarus president Alexander Lukashenko said that representatives of Russia had repeatedly asked him to restore cooperation between Uralkali and…