Russian Mayor Halts Church Construction Amid Protests, Clashes

The mayor of Russia’s fourth-largest city of Yekaterinburg has suspended construction of an Orthodox cathedral on park grounds as mass protests against the project continued for a fourth day. Thousands of residents have taken to the streets against the city authorities’ plans to replace a central park with a replica of a cathedral demolished in…

Winners of 8th corporate Fakel Festival awarded in Sochi

Release May 16, 2019, 22:00 The final round of the 8th corporate Fakel Festival run by Gazprom came to a close in Krasnaya Polyana, Sochi. Taking part in the Festival were delegations representing 39 subsidiaries of Gazprom from Russia, Belarus, and Kyrgyzstan, together with performers from CNPC (China). The total number of participants exceeded 1,600. The event was attended by foreign colleagues from Gazprom’s partner…

Russia Evades Exclusion From Council of Europe

Russia is to keep its membership in Europe’s top human rights body after Germany and France engineered a last-minute deal to avoid a Russian expulsion, a step that threatened to further incite tensions between the Kremlin and the West. Foreign ministers from the Council of Europe will endorse the agreement at a meeting Friday in…

Russia to Set Up ‘Fake News Database’

Russia plans to launch a public database of news it flags as “fake,” the head of Russia’s powerful media regulator announced two months after President Vladimir Putin signed a law criminalizing the spread of “fake news.” Alexander Zharov’s regulatory agency, known by the acronym Roskomnadzor, has successfully blocked LinkedIn in Russia and is currently engaged…

Discover Nikolai Meshcherin

The private Museum of Russian Impressionism was founded less than five years ago, but it has already become an important part of the Moscow art and museum scene. Its significance is not only thanks to its architecturally stunning venue — a reconstructed sugar silo at what was once a confectionary factory — and its central…

PhosAgro 1Q 2019 EBITDA Grows 73% YoY to RUB 24.8 bln

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 (1Q) ended 31 March 2019.  Revenue for 1Q 2019 rose by 32% year-on-year to RUB 72.3 billion (USD 1.1 billion). EBITDA increased by…

A Majority of Russian Families Have No Savings, Poll Says

Two-thirds of Russian families have no financial savings to speak of, according to a new survey published by the independent Levada Center polling agency. The findings back up official data showing five consecutive years of declining real incomes as Western sanctions and dropping oil prices hit Russian consumers. Sixty-five percent of Russian households reported a…