Nikolai Podguzov: It is necessary to generate global demand for Russian oil

Deputy Minister of Economic Development of the Russian Federation Nikolai Podguzov and President of the St. Petersburg International Commodity Exchange Alexei Rybnikov signed a cooperation agreement.
Ministry of Economic Development has always actively assist in the development of local exchange trading of oil and oil products. And today, despite the short period of formation, he is one of the most advanced, forming the investment environment and support for small and medium-sized businesses.
“The agreement declares a new stage of relations between the Russian Ministry of Economic Development and Commodity Exchange. Their potential will be revealed as the implementation of the tasks set by the President and the Government of the Russian Federation, on the development of the Russian benchmark crude for delivery for export “, – said the deputy minister.
According to Nikolai Podguzova in the future all this will create an economically sound global demand for Russian oil, and in the formation of public policy and long-term strategies of companies – based on the fair valuation of the investment attractiveness of the fuel and energy sector.
“Derivative financial instruments, which will be launched on the domestic exchange platform, will enable our country to a new level in the global financial industry, to strengthen the national currency”, – said zamminstra.
According to the document, SPIMEX for monitoring and analysis will provide information about the current state of stock markets, and the specialists of the Ministry will be able to participate in the activities exchange on the development of the commodity markets. To this end, the possibility of their technological platform were demonstrated in detail in the framework of the Economic Development Ministry delegation’s visit to Moscow office SPIMEX.

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Capitalization of Russian stock market increases 0.57% on Thursday

MOSCOW. February 26 (Interfax) – The capitalization of the Russian stock market, based on average-weighted prices on the Moscow Exchange’s Main Market, increases 0.57%, or by 162.690 billion from the previous session, to 28.656 trillion rubles ($457.838 billion at the Central Bank’s official exchange rate) on Thursday.

The leaders in market value were Gazprom, with 3.587 trillion rubles, Rosneft, with 2.811 trillion rubles, LUKOIL, with 2.498 trillion rubles.

Capitalization has increased 24.26% from 23.062 trillion rubles on December 30, 2014.

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Russia and CIS political and economic calendar: February 26 – April 30

Date Event Time Venue Additional information
26.02.15 Gazprom Neft – board meeting.
26.02.15 Krasnoyarsk Economic Forum, Feb 25-28. Krasnoyarsk http://www.krasnoforum.ru/?language=en
26.02.15 Inter RAO plans to publish IFRS financial results for 2014.
26.02.15 Petropavlovsk – meeting of shareholders.
26.02.15 Mail.ru plans to publish financial results for 2014.
26.02.15 Cherkizovo Group to publish US GAAP financial results for 2014.
26.02.15 Veropharm – board meeting.
26.02.15 Russian gold and foreign exchange reserves.
27.02.15 Russian monetary base.
27.02.15 NOVATEK to publish IFRS for 2014.
27.02.15 Tatneft – board meeting.
27.02.15 TGK-13 – EGM.
27.02.15 RusHydro – board meeting.
27.02.15 Sukhoi – board meeting.
27.02.15 Gazprom Avtomatizatsiya – EGM.
01.03.15 Russia’s oil export duty will fall $7.1 to $105.82 per tonne.
02.03.15 X International Conference “Pharmaceutical Business in Russia: Promising Scenario of the pharmaceutical market for 2015″ to take place. Conference Centre Swissotel Krasnye Holmy (Moscow, 52 bld. 7, Kosmodamianskaya nab.) http://www.pharma-conf.ru/index_en.shtml
03.03.15 Russian Economic Development Minister Alexei Ulyukayev to visit Brussels. Belgium
03.03.15 Russia Offshore conference – March 3-4. http://www.russianshelf.com/
03.03.15 Power-GEN Russia 2015, March 3-5. Expocentre Moscow (14, Krasnopresnenskaya naberezhnaya) http://www.powergen-russia.com/en_GB/index.html#showcase_2
03.03.15 AgroHighTech – XXI, March 3-4. Rostov-on-Don Phone: +7 (495) 607-82-85, +7 (499) 975-53-57; e-mail: rzs@grun.ru
03.03.15 UtAir – meeting of shareholders.
03.03.15 Ukrainian Energy Forum – March 3-5. http://www.ukrainianenergy.com/
04.03.15 Gazprom Neft – board meeting.
04.03.15 TCS Bank to publish IFRS financial results for 2014.
05.03.15 CIS Sugar Market 2015. http://www.sugarconference.ru/en/
05.03.15 RusHydro plans to publish 2014 RAS financial results.
06.03.15 Gazprom Neft – board meeting.
06.03.15 Kamaz – board meeting.
11.03.15 Enel Russia plans to unveil IFRS financial results for 2014.
11.03.15 Russneft – meeting of shareholders.
11.03.15 Bashneft – EGM.
11.03.15 MegaFon to publish IFRS financial and operating results for Q4 2014 and the whole year.
12.03.15 Gazprombank – EGM.
12.03.15 Obuv Rossii – EGM.
13.03.15 Bank of Russia – board meeting.
13.03.15 MRSK of Center – board meeting.
16.03.15 Rostelecom plans to publish financial and operating results for Q4 2014 and 2014.
17.03.15 Minex Central Asia 2015 – March 17-19. Astana, Kazakhstan Phone: : +7 (495) 249-49-03, e-mail: oscow@minexforum.com
17.03.15 Russian Automotive Forum, March 17-19. Renaissance Monarch Moscow (31a/1, Leningradkiy prospect) http://www.russianautomotive.com/?xtssot=0
18.03.15 Bashneft – EGM.
25.03.15 RusHydro plans to publish IFRS financial results for 2014 and to hold phone conference.
26.03.15 Bashneft to publish IFRS financial results for Q4 2014 and the whole year.
26.03.15 Banking Congress in Russia. 9 a.m. Moscow, Holiday Inn Simonovsky.
31.03.15 LNG Congress Russia 2015 to take place on March 31-April 2. Russian Chamber of Commerce Conference Center (Moscow, 6/1, building 1, Ilyinka street) Phone: +7 (499) 505-15-05, http://www.lngrussiacongress.com/?lang=en
03.04.15 PhosAgro – EGM.
10.04.15 UtAir – EGM.
13.04.15 Megafon – EGM.
24.04.15 VSMPO-Avisma – EGM.
29.04.15 Kazanorgsintez -AGM.
30.04.15 Russneft – EGM.

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IMF chiefs convening on March 11 to possibly okay new loan for Ukraine – minister

KYIV. Feb 25 (Interfax) – The board of governors of the International Monetary Fund is getting together on March 11 to consider giving the go-ahead to a new loan for Ukraine, the Ukrainian finance minister said on Wednesday.

“The IMF board of governors has made a positive decision on a new loan as part of an extended fund facility,” Natalie Jaresko said in Kyiv. She said that if the loan were approved, the first tranche might arrive within days of the March 11 meeting.

Jaresko said the IMF governors would only convene over the proposed loan if before March 11 Ukraine brought out a set of laws the IMF insists on. She said the government was in intensive talks with various political groups in parliament currently in seeking the earliest possible passage of such laws.

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ICRC to boost activities in Ukraine – chief

MOSCOW. Feb 25 (Interfax) – The International Committee of the Red Cross (ICRC) plans to step up its activities in Ukraine in order to give more help to the population of the east of the country, ICRC President Peter Maurer said.

The ICRC would also like to set up a chain of aid delivery from Russia to eastern Ukraine, Maurer said during a meeting with Russian Emergency Situation Minister Vladimir Puchkov in Moscow.

Maurer expressed hope that the ICRC would have its budget enlarged by between 20 million and 25 million Swiss francs in order to be able to help eastern Ukraine more.

He said the ICRC is proposing setting up an international mechanism for providing humanitarian aid to eastern Ukraine.

Maurer was going to proceed to Kyiv from Moscow. He said he would brief the Russian Emergency Situations Ministry on the results of his trip to the Ukrainian capital.

He also said that, on his return to Geneva, he would meet with Russian Foreign Minister Sergei Lavrov

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Crimeans’ choice should be respected – Putin

MOSCOW. Feb 23 (Interfax) – Russian President Vladimir Putin has urged to respect the choice of the Crimean people who voted for reunification with Russia at a referendum on March 16, 2014.

“As regards the state affiliation, the people living in Crimea made their choice, it should be respected, and Russia could not have done otherwise,” Putin said in an interview with the journalist Vladimir Solovyov on the Russia One television on Monday.

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Almaz-Antey concern fulfilled almost 30 export contracts in 2014

ABU DHABI. Feb 23 (Interfax-AVN) – Russia’s Almaz-Antey air defense concern is implementing a large number of contracts to export air defense systems to foreign countries, Almaz-Antey representatives told Interfax-AVN at an arms show in Abu Dhabi.

“The company fulfilled 28 contracts with eleven countries in 2014,” a company representative said.

Spare parts and components make up a larger part of the exports and account for more than 50% of the revenue, he said. Repair of air defense systems and work to extend their service life – 21%, delivery of radars, mobile repair centers and software 17%, the training of foreign specialists 7% and the establishment of restoration repair centers about 4%.

The compnay’s stock of orders is estimated at over $200 million.

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Russia against “regime-change operations” similar to one in Ukraine – Lavrov (Part 2)

NEW YORK. Feb 23 (Interfax) – Russia is against pursuit of foreign-policy interests through operations aimed at changing regimes, as was the case in Ukraine, Russian Foreign Minister Sergei Lavrov has said.

“For the disobedient, there are technologies of inspiring internal strife and conducting regime-change operations. Among them is the open encouragement for the anti-constitutional coup in Ukraine,” he said at a ministerial meeting at the United Nations Security Council in New York on Monday.

“A broad range of unsightly methods are being used in chasing the illusion of global dominance, such as massive pressure on a sovereign state, attempts to force them to accept others’ decisions and standards in the political, economic and ideological spheres,” the minister said.

“Since the Cold War ended, there is no more real reason that would stop the UN SC from becoming an efficient platform for rallying collective international will, but the path towards this goal turned out to be much more complicated and windy that appeared to us a quarter of a century ago,” he said.

“We are seeing numerous examples of violation of the fundamental principles of the UN Charter, such as the independence and sovereign equality of States, non-interference in their domestic affairs, peaceful resolution of disputes,” the minister said.

“It is enough to recall the bombing of Serbia, the occupation of Iraq under a clearly false pretext, the consequences of which are still lying like a heavy burden on the people of this country, and the gross manipulation of the Security Council’s mandate, which led to devastation and the continuing chaos in Libya,” he added.

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Danone in Q4 substantially cuts sales of dairy products in Russia, but offsets this with price rise

MOSCOW. Feb 20 (Interfax) – France’s dairy product producer, Danone, in Q4 2014 substantially lowered the sales volume of dairy products in Russia due to the weakening of consumer demand.

“In Russia, where consumer demand weakened, continued portfolio enhancement achieved through higher prices and a positive mix effect offset the significant decline in volumes driven by low value-added segments,” Danone said in a statement.

At the same time, the sales of baby food in Russia demonstrated double-digit growth.

Danone produces products under the brand names Activia, Danacol, Danette, Evian, Volvic, Nutricia and others.

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Nordic Yards mulls building shipyard in Russia (Part 2)

WISMAR, Germany. Feb 20 (Interfax) – Nordic Yards is considering building a production facility in Russia, the owner of the shipbuilder, Vitaly Yusufov told reporters on Thursday.

“We will of course consider the possibility of building such a facility, since the trend toward increasing localization is such that the longer, the higher by year the percentage of necessary localization. We expect, and this is evident from the practice of holding tenders, that tender documents in our country will define requirements for localization. But in order to participate in tenders, we have to prove the capabilities of production,” Yusufov said.

He said a site has not been selected yet, but an analysis is underway for the location of the future facility. The company is considering the “Baltic basin, and the Far East and around Vladivostok,” Yusufov said.

He also said Nordic Yards might bid at numerous tenders with Russian partners. “We are a Russian company with shipyards in Germany and we don’t feel any constraints on bidding at tenders,” he said.

Yusufov bought Nordic Yards when it was on the verge of bankruptcy in 2009 for 40.5 million euro. The company currently has three yards in Germany – in Wismar; Waremnunde, where cruise ships and ice-class vessels are produced, some of them for MMC Norilsk Nickel (MOEX: GMKN); and in Stralsund, where ships for cargo such as automobiles are built.

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