Category Archives: Finance Investment Russia

TMK to issue supplementary shares to finance investment projects

The board of directors of TMK (MOEX: TRMK) has approved issuance of supplementary shares amounting to 6% of pre-issue charter capital, the pipe maker said in a press release. TMK will offer 56 million shares in an open placement. The … Continue reading

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Finance Ministry halts foreign currency purchases for Reserve Fund (Part 3)

The Russia Finance Ministry has stopped purchasing foreign currency to replenish the Reserve Fund, the Central Bank said on its website. The foreign currency is supplied out of the Central Bank’s daily purchases on the domestic currency market. The Central … Continue reading

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Ukraine ready to pay Russia $2.16 bln for gas – Finance Ministry

Ukraine’s updated state budget for 2014 provides $2.16 billion to pay for imported gas, Finance Ministry Oleksandr Shlapak said at a briefing on Monday. “Our principle position is that if the Russians are ready to maintain the gas price at … Continue reading

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VSMPO-Avisma prepared to invest $45 mln in Ukrainian mine

Russian titanium producer VSMPO-Avisma (MOEX: VSMO) plans to invest around $45 million in the modernisation and expansion of the Demurinsky titanium and zirconium mine, of which it is majority owner, in Ukraine’s Dnipropetrovsk region, the region’s administration said following a … Continue reading

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Capital investment in Belarus down 1.3% in Q1

Fixed capital investment in Belarus fell 1.3% year-on-year in January-March to 41.5 trillion Belarusian rubles in constant prices, the National Statistics Committee (Belstat) said. Investment in the acquisition of machinery, equipment and transport totaled 14.9 trillion rubles (35.9% of the … Continue reading

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Vnesheconombank boosts net interest income 23% to 99 bln rubles in 2013 (Part 2)

Vnesheconombank (VEB) boosted net interest income to International Financial Reporting Standards (IFRS) 23% last year to 98.97 billion rubles, the state development bank said in a report. Reports have said VEB’s net profit more than halved last year, from 17.5 … Continue reading

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Lukoil to invest 30 bln rubles in Kalmykia in next two years

Lukoil (MOEX: LKOH) plans to invest about 30 billion rubles in projects in Kalmykia over the next two years. Lukoil president Vagit Alekperov and Kalmykia leader Alexei Orlov signed a cooperation agreement between the oil company and the republic in … Continue reading

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CB to quote ruble at 35.9287 rubles/$1 and 49.7289 rubles/EUR1 on April 18

The Central Bank of Russia will quote the U.S. dollar at 35.9287 rubles/$1 on April 18, 0.42% down from the previous exchange rate. The Central Bank will quote the euro at 49.7289 rubles/EUR1, 0.31% down from the previous exchange rate, … Continue reading

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Government to spend 44 bln rubles on exploration in five prospective zones

The cost to operate at five prospective zones where the government is prepared to accept the risks of searching for hydrocarbons is estimated at 44.3 bln rubles, Sergei Natural Resources and Environment Minister Sergei Donskoi said in a presentation. It … Continue reading

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