Monthly Archives: July 2014

Metalloinvest ups Q2 iron ore output 2.6% to 9.8 mln tonnes (Part 2)

MOSCOW. July 31 (Interfax) – The Metalloinvest group raised iron ore production 2.6% quarter-on-quarter in Q2 2014 to 9.8 million tonnes, the company said in a statement. Iron ore commodity shipments to the domestic market rose 4.3% to 4 million … Continue reading

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Mosenergo boosts H1 RAS earnings 38%, EBITDA 24.2% (Part 2)

MOSCOW. July 31 (Interfax) – Mosenergo (MOEX: MSNG) boosted net profit to Russian Accounting Standards (RAS) 38% year-on-year in H1 2014 to 7.7 billion rubles, the generating company said in a report. Sales revenue grew 2% to 82.2 billion rubles. … Continue reading

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Russia and CIS political and economic calendar: July 30

MOSCOW. July 30 (Interfax) – The political and economic calendar in Russia for July 30 is as follows: *** Novatek to publish its IFRS financial results for Q2 and H1 2014 *** Severstal to publish its financial results for Q2 … Continue reading

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Severstal could pay $1 bln in special dividends from sale of U.S. assets (Part 2)

MOSCOW. July 30 (Interfax) – Russian steelmaker OJSC Severstal (MOEX: CHMF) could pay special dividends of $1 billion of the $2.3 billion it received from the sale of its North American factories Severstal Dearborn LLC and Severstal Columbus LLC, the … Continue reading

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OSCE: Right Sector demanded that Lukoil must allocate 3 tonnes of fuel per month for Ukrainian army

MOSCOW. July 29 (Interfax) – The Organization for Security and Cooperation in Europe (OSCE) has reported that members of the ultra-nationalistic Right Sector were blockading Lukoil (MOEX: LKOH) gas stations in Ivano-Frankivsk demanding that the Russian firm provide up to … Continue reading

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Russian foreign minister to visit Tajikistan

MOSCOW. July 29 (Interfax) – Russian Foreign Minister Sergei Lavrov is due to pay an official visit to Dushanbe on July 30 for a meeting with his Tajik counterpart Sirrojiddin Aslov, the Russian Foreign Ministry said in a commentary on … Continue reading

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CB to quote ruble at 35.3457 rubles/$1 and 47.4799 rubles/EUR1 on July 29

MOSCOW. July 28. (Interfax) – The Central Bank of Russia will quote the U.S. dollar at 35.3457 rubles/$1 on July 29, 0.83% up from the previous exchange rate. The Central Bank will quote the euro at 47.4799 rubles/EUR1, 0.55% up … Continue reading

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Microsoft in Russia ups revenue 11%, Nokia, Skype see a drop

MOSCOW. July 28 (Interfax) – LLC Microsoft Rus, the main Russian division of U.S. software giant Microsoft, upped revenue 11.2% in 2013 to 9.9 billion rubles, the SPARK Interfax database shows. Gross profit climbed 21% to 3.5 billion rubles. Net … Continue reading

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Burger King in Russia ups revenue to 5.5 bln rubles in 2013

MOSCOW. July 25 (Interfax) – LLC Burger Rus, which develops the Burger King fast food network in Russia, increased its revenue to 5.46 billion rubles last year, according to the SPARK-Interfax database. The cost of sales in 2013 was 4.07 … Continue reading

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Rosneft net debt declines 19.7% to 1.495 trln rubles (Part 3)

MOSCOW. July 25 (Interfax) – Net debt at Rosneft (MOEX: ROSN) declined 19.7% to 1.495 trillion rubles (about $44.5 billion) in the first half of 2014, the company said in a statement. The net debt/EBITDA ratio was at 1.28 in … Continue reading

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