Alexey Miller and Dmitry Artyukhov discuss current issues of cooperation between Gazprom and YaNAA

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Release March 20, 2019, 20:40 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Area (YaNAA), took place today at the Bovanenkovskoye field. The parties expressed appreciation for the large-scale cooperation between Gazprom and the YaNAA. It was noted that the Company is rapidly developing the Yamal gas production center. In late 2018, the Bovanenkovskoye field,…

Putin Reshuffles Regional Governors Ahead of 2019 Vote

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President Vladimir Putin has replaced three more governors ahead of regional elections later this year as low ratings for the ruling United Russia party risk upsetting its hold on power. Sixteen regions are scheduled to elect new governors on Sept. 8 this year. Putin replaced 10 leaders in Oct. 2018 after an unpopular government move…

Russia Drops Further in World Happiness Index – UN

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It’s not all smiles for Russia as it slips down the global happiness rankings for a third consecutive year, according to an annual UN report published on Wednesday. The World Happiness Report ranks 156 countries by variables that support well-being, including GDP per capita, social support, healthy life expectancy, social freedom, generosity and absence of corruption.…

Putin Kicks Off Massive New Gas Field in Russia’s Arctic

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President Vladimir Putin has kicked off the full-scale development of one of Russia’s largest proven gas fields in the Yamal peninsula, the Kremlin reported on Wednesday. The Kharasaveyskoye gas field is located in the Yamal-Nenets autonomous district, a key gas-producing region in an economy that heavily relies on gas exports. This month, Russia’s Natural Resources…

Can Urban Renewal Plug Russia’s Brain Drain?

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This article appeared in our special “Russia in 2019” print issue. The road to “New Life” is bumpy. Only recently opened, the entrance to the apartment complex in Belgorod, a provincial city on the border with Ukraine, has yet to be paved. Already, though, young mothers can be seen pushing strollers along bike paths as their toddlers scramble over Danish playground…

PhosAgro 4Q18 EBITDA grows 51% YoY to RUB 18.6 bln

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Moscow – PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, today announces its consolidated IFRS financial results for the three months (4Q) and 12 months (FY) ended 31 December 2018.  Revenue in 4Q 2018 rose by 30% year-on-year to RUB 59.4 billion (USD 893…

Full-scale development of Kharasaveyskoye field starts in Yamal Peninsula

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Release March 20, 2019, 12:45 Photos A ceremony was held today in the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field. Attending the event were Alexey Miller, Chairman of the Gazprom Management Committee, Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Area, and heads of Gazprom’s relevant subdivisions and subsidiaries. Vladimir Putin addressed the event participants in his opening speech via a conference call. The Kharasaveyskoye…

U.S.-Russia Talks on Venezuela Stall Over Role of Maduro

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High-level U.S.-Russian talks on how to defuse Venezuela’s crisis ended on Tuesday with the two sides still at odds over the legitimacy of President Nicolas Maduro. Russia has said Maduro remains the country’s only legitimate leader whereas the United States and many other Western countries back Juan Guaido, head of the opposition-controlled National Assembly who…

PhosAgro Board of Directors Calls 2018 Results Outstanding

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Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has declared that 2018 was an outstanding year for the Company’s in terms of its operational and financial performance.  In summing up the 2018, PhosAgro CEO and Board of Directors member Andrey Guryev,…

Russia Ditches Real Income Data That Has Slumped for Five Years

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Russia will stop publishing monthly data that’s shown a slump in disposable incomes for five straight years after the indicator was criticized for using methodology that’s decades out of date. The Federal Statistics Service will start releasing quarterly income data starting next month and historical numbers will be recalculated going back to 2013, head Pavel…

Mock Moon Flight Experiment Begins in Russia

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Six volunteers from Russia and the United States locked themselves up for four months on Tuesday (March 19) for a space experiment ahead of the 50th anniversary of the first Moon landing. Three males and three females are participating in the SIRIUS-19 isolation study, in which they will live, work and research in isolation from the rest of the…