February 5, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, has published its Annual Report for the year ended 31 December 2018 on the Company’s corporate website. The full report is available at: https://www.severstal.com/files/23787/Annual_report_2018.pdf
February 5, 2019 Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it will form a joint venture with PAO Severstal to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Tenaris will have a 49% interest in the joint venture…
February 5, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q4 & FY2018 financial results for the period ended 31 December 2018. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2018 $ million, unless otherwise stated Q4 2018 Q3 2018 Change, %…
Russia’s economy grew at the fastest pace in six years in 2018, outstripping economist estimates, as construction got a boost from the World Cup and the start of natural gas project in Siberia. Growth accelerated to 2.3 percent, the most since 2012, after construction surged, the Federal Statistics Service reported in its first estimate Monday.…
The Russian government on Monday approved an additional $4.7 billion in investments on infrastructure and tourism in the annexed Crimean peninsula over the next three years. Crimea has received large cash injections from Moscow since 2014, when Russia annexed the Black Sea region from Ukraine. In total, an estimated 878 billion rubles ($13.3 billion) is expected…
Sergei Karpukhin / Reuters Senior Afghan officials warned on Monday that talks this week between Taliban militants and opposition politicians, including former President Hamid Karzai, betrayed the principles of democracy and Afghanistan’s best interests. The talks, starting on Tuesday in Moscow, come 10 days after peace negotiations between the United States and the Taliban in…
Ten places to immerse yourself in Chinese culture The Perlov Tea House / Moskva News Agency February 5 marks the beginning of the Year of the Pig – the last Zodiac sign in the Chinese lunar calendar’s twelve-year cycle. China may be more than five thousand kilometers away from Russia’s capital, but you can still…
If you braved the cold to browse Moscow’s Christmas markets, chances are that aside from the requisite matryoshkas and Grandfather Frosts adorning almost every stall, you noticed the presence of one particular animal: the pig. Pigs, you probably thought, are not particularly Christmasy. So why were they so prominent? Simple: 2019 is the Chinese Year…
Russia has the second-lowest gasoline price in Europe, according to a study published by state media on Monday. Last year, Russian gas prices were the world’s 10th cheapest at an average 43.44 rubles per liter ($0.70), Bloomberg said in a ranking of 60 countries. Anger over rising prices forced the government to intervene to slow…
“DAU” / Kinopoisk.ru At the end of January, parts of what is surely Russia’s most spectacular film project premiered in Paris. The project — something between a film series and an extended social and psychological experiment — is called “DAU” and directed by Ilya Khrzhanovsky, a filmmaker with only one major work before this project. …
North Korean leader Kim Jong Un has reportedly sent Russian President Vladimir Putin a telegram congratulating him with the Lunar New Year. The North Korean New Year falls on Tuesday, Feb. 5 in 2019 and will be marked as “Juche 108,” celebrating the founding of the country’s isolationist state ideology in 1912. Read More On…
The Kremlin is still capable of delivering positive changes despite a struggling economy. Torzhok / Flickr (CC BY 2.0) On a Sunday morning in December, the future arrived in Torzhok, a sleepy town about 155 miles (250 kilometers) northwest of Moscow. It came in the form of an electric locomotive resembling a bright red caterpillar, chugging…
Update: Two more bodies were found in the building since the fire was put out, raising the death toll to eight people, including two children, an Investigative Committee spokesperson was cited as saying by Interfax. Eight people have died in an apartment fire on Nikitsky Bulvar in central Moscow, authorities said on Monday. Videos published online…
The percentage of Russians who say they are not willing to leave the country on a permanent basis has hit a 7-year record, according to a new survey published by the independent Levada Center. According to official data, 377,000 Russians left the country in 2017, the latest period for which figures are available and a…
The United States’ full withdrawal from the Intermediate-range Nuclear Forces (INF) Treaty would not herald the start of a new Cold War, the RIA news agency quoted Russian Foreign Minister Sergei Lavrov as saying on Monday. “I don’t think we’re talking about the development of a Cold War,” Lavrov said. “A new era has begun.”…