Severstal reports Q4 & FY2019 operatioal results

January 17, 2020 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q4 and FY2019. Q4 2019 GROUP HIGHLIGHTS Hot metal output declined 4% q/q in Q4 2019 to 2.36 mln tonnes (Q3 2019: 2.46 mln tonnes) due to short-term…

Moscow Sees 8 Hours of Sunlight in December

The Russian capital experienced a total of eight hours of sunlight in December, the head of Russia’s meteorological center said Thursday. While less than 4% of the city’s possible sunlight hours without cloud coverage, the eight hours still surpassed the six minutes of clear skies that Moscow saw in December 2017.  “Muscovites saw only eight…

Putin’s New PM Hiding Elite Moscow Property – Proekt

Russian President Vladimir Putin’s new prime minister appears to own elite real estate in a prestigious suburb outside Moscow, the Proekt investigative news website reported Thursday. Russia’s parliament voted to approve Mikhail Mishustin, head of the country’s tax service, into office Thursday. Putin’s surprise choice is part of the president’s shake-up of the political system,…

Rosatomflot summed up 2019 operations results

FSUE Atomflot (an enterprise of ROSATOM) summed up results of its operations in 2019. Over this time, nuclear icebreakers steered 510 vessels of a total gross tonnage of 30.28 million tons (for comparison, in 2018, 331 vessels of a total gross tonnage of 12.7 million tons were steered). “Large increase in total gross tonnage of…

Putin Confirms Mishustin as New Prime Minister

Russian President Vladimir Putin on Thursday signed a decree appointing Mikhail Mishustin as prime minister, shortly after the former head of the tax service won the backing of parliament. Mishustin received 383 votes of 424 cast by Russia’s lower house of parliament, with no votes against and 41 abstentions — a victory that had been…

What Changes Is Putin Planning for Russia’s Constitution?

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world. Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from…

Bailiff Killed, Witness Injured in Siberian Courthouse Shooting

An unnamed shooter has opened fire inside a courthouse in the Siberian mining city of Novokuznetsk, killing a bailiff and injuring a witness, authorities said Thursday. The 45-year-old shooter armed with a rifle critically wounded a 45-year-old bailiff and a 43-year-old female witness inside a Novokuznetsk magistrates’ court, regional investigators said in a statement. The…

Russia’s Ruling Party Approves Mishustin as PM

Russia‘s ruling party on Thursday unanimously backed President Vladimir Putin’s surprise choice for prime minister, Mikhail Mishustin, a man with almost no political profile. Mishustin’s elevation is part of a sweeping shake-up of the political system announced by Putin on Wednesday, which led to the resignation of Dmitry Medvedev as prime minister along with his…

Chechnya’s Kadyrov ‘Temporarily Incapacitated’

Chechen leader Ramzan Kadyrov has ceded power as head of the southern Russian region due to a “temporary disability,” according to a decree on the regional government’s website dated Monday. Kadyrov, 43, announced a similar brief transfer of power in February 2019, later explaining that he was recovering from a common cold.  “I entrust the…