Monthly Archives: June 2014

Ukraine imported natural gas from Europe at $375.8 in April – Statistics Service

Ukraine resumed imports of natural gas from European countries at an average price of $375.8 per one thousand cubic meters in April of 2014, the State Statistics Service said. Based on a contract with Germany’s RWE Supply&Trading, Ukraine imported 64.55 … Continue reading

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Over 170 mln rubles worth of Ecuadorian cocaine seized in St. Petersburg

The Russian Interior Ministry interacting with the St. Petersburg city department of the Federal Security Service and the Baltic Customs have seized 28 kilograms of cocaine shipped from Ecuador. The operatives learned about the cocaine shipment by sea and detained … Continue reading

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Gold in Central Bank of Russia reserves up 0.9% to 34.7 mln oz in May

The Central Bank of Russia had 34.7 million Troy ounces (1,080 tonnes) of gold in its reserves as of June 1, 2014, up 0.9% from the beginning of May, the Central Bank said on its web site. The gold reserves … Continue reading

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LSR Group to double dividend for 2013, to 40 rubles per share

Shareholders in the LSR Group (MOEX: LSRG) voted at their annual shareholders meeting to accept a dividend for 2013 of 40 rubles per ordinary share, the developer said in a statement. This is double the 20 rubles paid on each … Continue reading

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Uralkali boosts Q1 IFRS revenue 17% to $862 mln (Part 2)

Uralkali (MOEX: URKA) boosted sales revenue to International Financial Reporting Standards (IFRS) 17% year-on-year in Q1 2014 to $862 million, the potash miner said in a statement. Potash sales grew 63% to 3.1 million tonnes. Output rose 38% to 2.9 … Continue reading

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South Korean KORES to invest $ 2 million in geological exploration at Duisembay deposit

South Korean Korea Resources Corporation (KORES) plans to invest $ 2 million in the first phase of the Duisembay polymetallic deposit exploration project in Karaganda region. KORES President Ko Jong-sik and chairman of the board of Kazakhstan’s JSC Kazgeologiya Galym … Continue reading

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Russian current account surplus could widen to $35 bln in 2014 – Central Bank

Russia’s current account surplus could widen to $35 billion in 2014, from $32.8 billion last year, the Central Bank said in a monetary policy report. Merchandise imports are expected to fall, and capital outflow, which surged at the beginning of … Continue reading

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Promsvyazbank swings to loss of 2.1 bln rubles in Q1

Promsvyazbank (MOEX: PRSB) posted a net loss of 2.1 billion rubles in the first quarter of 2014 compared with a net profit of 2.2 billion rubles in the same period last year, the bank said in its IFRS earnings report. … Continue reading

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Central Bank may offer banks up to 7 trillion rubles in refinancing in 2014 (Part 2)

The Central Bank of Russia has raised its forecast for the volume of refinancing it offers banks in 2014 to 7 trillion rubles from 5 trillion rubles previously, Central Bank Chairman Elvira Nabiullina said at a press conference on Monday. … Continue reading

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Vanino port to pay 997 rubles on prefs for 2013 (Part 2)

Vanino Commercial Seaport (MOEX: MTPV) will pay a dividend of 997 rubles per preferred share for 2013, the company said following its annual shareholders meeting, held on June 4. The company will pay a total of 33.6 million rubles or … Continue reading

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