Revealing Signs of Moscow’s Hidden Past

To foreigners, Moscow might seem like a closed fortress, always “defending and disguising itself,” as Walter Benjamin once wrote. But under the city facades there is another hidden life waiting to be discovered. Right in the city center on Kostyansky Pereulok, the past has burst into the present with the sign “Streletsky Bakery” (“Стрелецкая пекарня”)…

Kadyrov’s ‘Right-Hand Man’ Calls on Diaspora to Stop ‘Disgraceful’ Chechens Abroad

Officials from Russia’s North Caucasus republic of Chechnya have called on members of its diaspora to stop their countrymen from “disgracing the Chechen people,” the independent Novaya Gazeta newspaper reported Monday. This is the first time that the Chechen diasporas of the U.S. and especially Canada have been called upon to stop fellow Chechens who behave…

80% of Russia’s Female Murder Convicts Acted in Self-Defense – Study

Four out of five women convicted for premeditated murder in Russia had been defending themselves from domestic violence, according to machine-learning research published by the Novaya Gazeta newspaper and the Mediazona news website Monday. Critics say Russia’s 2017 decriminalization of some forms of domestic violence has eroded protections for women, while supporters defend it for…

9M 2019 Financial Results: PhosAgro Revenue Rises 12% year-on-year to Record RUB 195.0 Billion

Moscow – PhosAgro (“the Company”) (Moscow Exchange and LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, today announces its interim consolidated IFRS financial results for 3Q and 9M 2019.   Revenue in 3Q 2019 rose by 3% year-on-year to RUB 64.6 billion (USD 1.0 billion) mainly due to higher sales in priority…

Alexander Lebedev’s ‘Hunt the Banker’

Can billionaires be good, honest people? Alexander Lebedev, a Russian oligarch turned philanthropist and media mogul, certainly wants us to think he is. His new memoir, “Hunt the Banker,” begins with a preface that laments the burdens of immense wealth. Lebedev confesses that the millions he made during the unbridled capitalist 1990s have brought him…

Russia Again Faces Olympic Ban After Non-Compliant Recommendation

Russia is again facing a possible Olympic ban after the World Anti-Doping Agency’s Compliance Review Committee (CRC) recommended on Friday that the Russian Anti-Doping Agency (RUSADA) be ruled non-compliant. The CRC put forward the recommendation after WADA’s Intelligence and Investigations Committee found evidence of manipulation of data retrieved from a tainted Moscow laboratory in January. A report…

PhosAgro Board of Directors Approves Development Priorities for 2020 and Recommends that Shareholders Approve Dividend Payment

Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, at today’s meeting approved the company’s priority areas for 2020 and has recommended that the Extraordinary General Meeting of Shareholders (“EGM”) approve a dividend payment of RUB 6.216 billion, or RUB 48 per…

Year-to-date gas exports to Austria exceed record supplies of 2018

Background OMV AG is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies. In 2018, Gazprom supplied to Austria 12.3 billion cubic meters of gas, an increase of 34.8 per cent (3.2 billion cubic meters) from 2017 (9.1 billion cubic meters). In June 2018, an Agreement was signed to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading GmbH for Russian gas supplies…

Results of selling 3.59 per cent of Gazprom’s ordinary shares

Release November 22, 2019, 16:05 Gazprom Gazoraspredeleniye, a company controlled by Gazprom, successfully completed the sale of 850,590,751 ordinary shares of Gazprom (3.59 per cent of the share capital). The placement was carried out using the trading platform of the Moscow Exchange. Gazprombank (Joint Stock Company) acted as the arranger and broker of the offering. As the shares were sold in their totality, Gazprom Gazoraspredeleniye reduced…

Islam and Orthodox Christianity Have the Same Values, Putin Says

Orthodox Christianity and Islam are based on the same fundamental values, President Vladimir Putin said in an address to a religious conference in Kyrgyzstan. The conference, titled “Orthodoxy and Islam — Religions of Peace,” aimed to promote interethnic and interreligious dialogue between Russia and Kyrgyzstan. “Islam and Orthodox Christianity, just like other world religions, are…

Spain Probes Russia’s Role in Catalonia Referendum – El Pais

Spain has opened an investigation into the role of a secret Russian military unit in Catalonia’s 2017 independence referendum, the country’s El Pais newspaper reported Thursday. The Spanish government tried to prevent Catalonia’s independence referendum that it declared illegal, leading to hundreds of injuries. Spanish ministers said in 2017 that Russia-based groups promoted the referendum…

Baring Vostok Cancels New Fund Launch

Baring Vostok — the Russian investment house at the centre of the high-profile fraud case involving its founder U.S. citizen Michael Calvey — has cancelled plans to launch a new investment fund, bne IntelliNews has reported. The company suspended plans to launch a sixth fund, citing investor fears over “contradictions in Russian and international arbitration…

Russian Athletics Federation President Provisionally Suspended

The president of Russia’s athletics federation and several other federation officials were suspended on Thursday by the Athletics Integrity Unit (AIU) for serious breaches of anti-doping rules, adding to the federation’s woes ahead of next year’s Olympics. The AIU, which oversees integrity issues in global athletics including doping, said the provisional suspensions were linked to…

Serbia’s President Accuses Russia of Spying

Serbian intelligence agencies have uncovered a wide-ranging intelligence operation involving Russian spies and members of the Serbian military, President Aleksandar Vucic said on Thursday. Vucic’s remarks came after a meeting of the National Security Council which he convened after a video showing a Russian intelligence officer handing money to a Serbian man in Belgrade was…

PhosAgro announced as a Global Compact LEAD for its commitment to the UN Global Compact

New York – PhosAgro, a Russian vertically integrated company and one of the world’s leading producers of phosphate-based fertilizers, has been included on the list of Global Compact LEAD companies for its commitment to the United Nations Global Compact and the Compact’s Ten Principles on corporate sustainability. Achieving the UN Sustainable Development Goals (SDGs) has…

PhosAgro Named a Leader in Corporate Responsibility Under the UN Global Compact

New York – PhosAgro, a Russian vertically integrated company and one of the world’s leading producers of phosphate-based fertilizers, has been included on the list of Global Compact LEAD companies for its commitment to the United Nations Global Compact and the Compact’s Ten Principles on corporate sustainability. Achieving the UN Sustainable Development Goals (SDGs) has…

Putin Daughter’s Foundation Posts Record Profits

A foundation run by President Vladimir Putin’s alleged daughter has earned a record 488 million rubles ($7.6 million) last year, the Open Media news website reported Wednesday. Katerina Tikhonova, 33, is widely believed to be Putin’s younger daughter, though the president has neither confirmed nor denied this. Tikhonova’s foundation operating under the Innopraktika brand boasts…

Russian Public Wi-Fi Provider to Supply Moscow’s Facial Recognition System

The Russian company that provides free public Wi-Fi in Moscow and St. Petersburg will also supply the capital’s facial recognition network, the Kommersant business daily has reported.Maxima Telecom company won a 1.15 billion-ruble ($18 million) contract to provide the servers for Moscow’s facial recognition system, which authorities have been establishing for the past two years,…

FSB Detains Russian Solider Suspected of Spying for Ukraine

Russia‘s FSB security service has detained a Russian serviceman suspected of spying for Ukraine, the RIA news agency reported on Wednesday. The serviceman was allegedly gathering secret information for Ukraine’s intelligence service and is being investigated for treason, RIA reported, citing the FSB.  The independent CIT outlet identified the suspect as Ruslan Artykov, born in 1991.…

Alexey Miller and Moldova’s Prime Minister Ion Chicu review cooperation-related issues

Background In 2018, Gazprom’s gas deliveries to the Republic of Moldova totaled 2.9 billion cubic meters of gas, an increase of 8.4 per cent against 2017 (2.7 billion cubic meters). The contracts between Gazprom and Moldovagaz for gas supplies to and gas transit across Moldova are valid until the end of 2019. Moldovagaz is a joint Russian-Moldovan company set up by Gazprom, the Moldovan Government, and the Ministry of Industry…

Widow of Ex-KGB Agent Backs Legal Action for Release of UK’s Russia Report

The widow of a Russian dissident murdered in London has backed a legal challenge to force Prime Minister Boris Johnson’s government to publish a report on alleged Russian meddling in British politics. The report by parliament’s Intelligence and Security Committee (ISC) was cleared by Britain’s security services but Johnson’s office has not yet released it, meaning it…

PhosAgro Awarded Gold Medal for Responsible Approach to Production from International Fertilizer Association

Paris – PhosAgro (Moscow Exchange, LSE: PHOR) (“PhosAgro”, the “Company”), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it has been awarded the Gold Medal from the International Fertilizer Association (IFA) for its responsible approach to production. The IFA’s first ever gold medal awards ceremony took place at the IFA Annual…

Meet Ivan Savkin, Russia’s Human Mountain

Bogatyrs play an important role in the Russian literary and artistic imagination. Epic poems of the exploits of these fierce and powerful warriors are part of Russia’s rich oral tradition, first written down in the early 19th century. At first, warriors were basically gods or shape-shifters with superhuman strength. Then they became very strong human beings. Ivan Savkin…

Swedbank’s High-Risk Russian Secrets

Russian oligarch Mikhail Abyzov built a complex network of offshore companies that were used to move a fortune out of Russia, according to a Swedbank internal draft report obtained by OCCRP and its Swedish partner, national public TV channel Sveriges Television (SVT).  Today he’s charged with defrauding the Russian government and investors of US$60 million,…

Russia Unlikely to Cut Oil Output

Russia is unlikely to agree to deepen cuts in oil output at a meeting with fellow exporters next month, but could commit to extend existing curbs to support Saudi Arabia, three sources said. The Organization of the Petroleum Exporting Countries meets on Dec. 5 at its headquarters in Vienna, followed by talks with a group…