PhosAgro Joins European Sustainable Phosphorus Platform

Moscow – PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has joined the European Sustainable Phosphorus Platform (ESPP). PhosAgro is the first fertilizer company with production sites outside the European Union to join ESPP. Membership in the not-for-profit association serves as confirmation of PhosAgro’s…

3 Dead in Underground Mine Accident at Russia’s Nornickel

Three people were killed on Tuesday in an accident at Norilsk Nickel’s Taimyr underground mine in Siberia, the Russian mining giant said. The world’s largest palladium producer and second-largest nickel producer said the facility was still working after the incident. It is one of the company’s main mines in Siberia and contains mixed ores. At 16:30…

Gazprom Board of Directors reviews progress of Gas Infrastructure Expansion Program in Russian Regions

Release October 22, 2019, 18:50 The Gazprom Board of Directors took note of the information about the ongoing implementation of programs aimed at expanding gas infrastructure in Russian constituent entities, including the data on the economic model, synchronization with regional programs for converting housing and utilities to gas, and extension of gas grid coverage in the Krasnoyarsk Territory. It was stressed that consistent expansion of gas infrastructure in Russian regions…

The Kalinin NPP has made substantial progress with regard to facilitating technical support of the power blocks – an IAEA expert

The Kalinin NPP’s activities with regard to facilitating technical support of the power blocks and managing system and equipment configuration and modification comply with the standards set forth by the International Atomic Energy Agency (IAEA). This was the conclusion presented by Tea Bilic Zabric, an IAEA expert from Slovenia, during the seminar held at the…

Gazprom and Fortum review cooperation-related issues

Background Fortum is a Finnish energy corporation. Fortum holds a 49.99 per cent stake in Uniper SE. On October 8, 2019, Fortum announced that it had entered into agreements with the Elliott and Knight Vinke investment funds to acquire a 20.5 per cent stake in Uniper for approximately EUR 2.3 billion. As a result of the deal, Fortum’s share in Uniper may increase to 70.5 per cent. Nord Stream 2 is the construction…

Russia Named World’s Most Unequal Economy

Russia has the world’s highest levels of wealth inequality, surpassing the United States and China, the Credit Suisse Research Institute’s annual review has said. An estimated 83% of Russia’s wealth is now owned by its richest decile despite the country’s modest average wealth, the financial services company said in its report published Monday. “This is…

Russia Is Importing Thousands of Cows From Europe

President Vladimir Putin is on a mission to wean Russia off foreign food and modernize the dairy industry, where milking is still often done by hand. To do that, he’s getting help from Europe. Five years after the food embargo banning Dutch gouda and Italian parmesan, Russian companies are trucking in thousands of black-and-white holsteins…

Yasnaya Polyana Book Prizes for 2019 Announced

This month the Yasnaya Polyana Literary Awards, a joint project of the Tolstoy Estate Museum and Samsung Electronics, announced the 2019 winners. Sergei Samsonov won the main award in Contemporary Russian Prose for his novel “Hold On To This Land” (“Держаться за землю”). The Foreign Literature Prize went to Hernán Rivera Letelier for his novel…

Russian Helicopters Land in Abandoned U.S. Base in Syria

Three Russian military helicopters have landed in the Tabqa military airfield in Syria that the United States abandoned earlier this month, Russian state media reported Tuesday. Syrian government forces took control of the airfield last week when U.S.-led coalition forces left the base as part of the U.S. withdrawal of troops from northern Syria. The airfield had…