Severstal reports Q3 & 9M 2019 fiacial results

October 18, 2019 – Exceptional margins supported by vertical integration- PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q3 & 9M 2019 financial results for the period ended 30 September 2019. CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2019 Notes: EBITDA…

Russia Rejects Climate Change Plan After Business Uproar

The Russian government has drastically watered-down its new package of climate change legislation after push-back from the country’s leading businesses, Russian daily Kommersant reported. Plans for quotas on carbon emissions at Russia’s largest companies, a new national carbon trading system and penalties for the biggest polluters have now been scrapped. Instead, Russia will only go…

Putin Orders Monitoring of Youth Behavior Online

Russian President Vladimir Putin has ordered the government to monitor the online behavior of young Russians and to produce “moral and spiritual education” content for them. Young Russians have been targeted by several government initiatives in recent years, including a ban on minors attending protests and efforts to provide them with a military and patriotic…

Kadyrov Denies ‘Purging’ Chechen Elite

Chechen leader Ramzan Kadyrov has denied reports that senior officials and their relatives have been tortured in secret prisons in his republic for showing disrespect and disloyalty to him and his family. The independent Novaya Gazeta newspaper reported this week that members of Kadyrov’s inner circle have been tortured since August and forced to confess…

Russia Moves to Require Visitors to Submit Fingerprints

Russian authorities are drawing up plans to require all visiting foreigners to submit fingerprints upon arrival, the country’s deputy police chief has said, as experts warned that the move would hurt tourism. Russia has prosecuted more than 30,000 foreigners so far in 2019 for violating migration law, Russia’s Deputy Interior Minister Alexander Gorovoy said at…