Moody’s upgrades Severstal to Baa2 with stable outlook

February 13, 2019 PAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3…

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Russia Moves to Grant Government the Power to Shut Down the Internet, Explained

Russian lawmakers advanced a contentious draft bill on Tuesday that seeks to give the authorities the power to unplug the national internet network from the outside world. Deputies submitted the measures to tighten state control over the internet in December, citing the need to respond to an “aggressive” U.S. national cybersecurity strategy. Although Russia’s state…

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Expect Slower GDP Growth in 2019, Russia’s Economic Ministry Says

Russia’s Economic Development Ministry has projected significantly slower GDP growth over the next year, describing growth at 2018 levels as “unsustainable.” The Rosstat federal statistics agency sparked skepticism last week for releasing figures that suggested that Russia’s economy had grown 2.3 percent in 2018 — its fastest rate since 2012 and up from 1.6 percent…

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ROSATOM launched the program to train managers of NPP construction projects

ROSATOM has launched the sector-wide Advance Training Program for managers of nuclear facility construction projects in the Russian Federation and abroad. It will allow building up new competences, implement best world practices of construction project management on sites and train necessary candidates pool for implementation of the world’s largest portfolio of NPP construction projects. The…

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