PhosAgro Board Elects Independent Director Xavier Rolet as Chairman

Moscow – PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that its Board of Directors has elected Independent Director Xavier Rolet as its Chairman. The Board of Directors also re-elected as its Deputy Chairman Andrey G. Guryev, Vice President of the Russian Union…

Russian Army Introduces New Military Rank

Russia’s armed forces have introduced a new military rank of sergeant major, “experimenting” with 370 of the new recruits in the southern district. Plans to add the new rank as part of Russia’s military reform have been considered since the early 2010s. A sergeant major would undergo grueling recruitment procedures and oversee the military’s sergeant…

PhosAgro AGM Approves Dividends

Moscow – The Annual General Meeting of shareholders (AGM) of PhosAgro (“the Company”) (Moscow Exchange, LSE: PHOR) has approved a final dividend payment for 2018 of RUB 6.6 billion, which represents RUB 51 per ordinary share (RUB 17 per GDR) from undistributed net profit for 2018. The dividend record date was set as 10 June…

On This Day: Mikhail Sholokhov

Born on May 24,1905, Mikhail Sholokhov was a Russian writer and winner of the 1965 Nobel Prize for Literature for his massive work on the Cossacks of southern Russia, “And Quiet Flows the Don.” After joining the Red Army at the early age of 15, Sholokhov returned from Moscow in 1925 to his home: a…

Russia and Congo have signed the intergovernmental agreement of the cooperation in the peaceful uses of atomic energy

During an official visit of President of the Republic of Congo Denis Sassou Nguesso, on May 23, 2019 in Moscow the Intergovernmental Agreement concerning the cooperation in the field of the peaceful use of atomic energy was signed. Director General of ROSATOM Aleksey Likhachev signed the document for the Russian party. For the Republic of…

Russian Police Official Decries Falling Living Standards for Police, Declares $600K Salary

Russia’s deputy chief of police declared an income of 38 million rubles ($588,000) two days after complaining that law enforcement officers’ living standards are falling. Deputy Interior Minister Arkady Gostev’s income grew tenfold between 2017 and 2018, according to declarations published on Thursday, making him the richest police officer in Russia. Police spokeswoman Irina Volk…

Oleg Vakhovsky put in charge of Gazprom Transgaz Surgut

Release May 24, 2019, 13:45 Oleg Vakhovsky has been appointed Director General of Gazprom Transgaz Surgut. Oleg Vakhovsky was born in 1971 in Artyomovsk, Donetsk Region. He graduated from the Gubkin State Academy of Oil and Gas, majoring in Oil and Gas Field Development and Operation, and received an MBA in Human Resource Management from the Academy of National Economy under the Government of the…

Okroshka: Summer’s Simple Pleasure

Late spring and early summer are all about change and transition. Glass windows are swapped out for screens, kids flee school for summer holidays, and wool sweaters and coats take their annual trip to the dry cleaner. In Russia, for many the summer months mean the slower, simpler life of the dacha, where there are…

Gas Supply to Domestic Market. Executing Russian Regions Gasification Program Press Conference held

Listen to audio For Gazprom’s Press Conferences audio broadcast please dial: +7 495 719-35-77 (Russian) +7 495 719-30-00 (English) Materials May 22, 2019, 02:30 pm (Moscow time) [embedded content] Participants: Gennady Sukhov, Member of the Management Committee, Head of Department, Gazprom; Sergey Gustov, Director General, Gazprom Mezhregiongaz.

Russian Government Rejects Proposal to Fine Officials for Insulting Citizens

The Russian government has rejected a bill that would have introduced fines for officials who exhibit disrespect toward citizens, weeks after lawmakers passed a bill that introduced fines for disrespecting the authorities. Communist lawmakers introduced the legislation in February, seeking to fine and suspend civil servants for humiliating voters. Around the same time, another bill that…

Russian Radio-Electronic Shield Now Covers the Arctic, Officials Say

New systems for radio-electronic warfare installed along Russia’s Arctic coast are capable of jamming foreign ships and aircraft from thousands of kilometers away, Russian military officials have been cited as saying by the Izvestia tabloid. The Northern Fleet has completed its new Center for Radio-Electronic Warfare, military representatives told Izvestia. The center includes two Murmansk-BN systems, as…

PhosAgro Receives Shareholding Notice from Igor Antoshin

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has been informed by its shareholder Igor Antoshin about a transaction with the Company’s shares. Following the transaction, Mr Antoshin’s total stake in PJSC PhosAgro’s authorised capital amounts to 6.15% (7,962,529 voting shares).  As a result, the Company’s…

Gazprom and OMV discuss gas supplies and Nord Stream 2

Release May 21, 2019, 19:10 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in Moscow today. The parties reviewed current areas of cooperation. Among other things, the meeting participants discussed the ongoing exports of Russian gas to Austria, noting that gas exports to the country continue to grow in 2019 and the…

On This Day: Andrei Sakharov

Andrei Sakharov was a nuclear physicist and an outspoken activist for disarmament, peace and human rights in the Soviet Union. He was persecuted for his views on civil liberties and reform, but it was these efforts that earned him the Nobel Peace Prize in 1975. Today, the Sakharov Prize is awarded by the European Parliament…

Poland Urges Russia to Compensate for Oil Mistakes — Polish Prime Minister

Russian suppliers will have to provide financial compensation for their mistakes over contaminated oil, Polish Prime Minister Mateusz Morawiecki said on Tuesday. Flows through the Druzhba pipeline were suspended last month due to contamination, sending shockwaves through global oil markets. “Russian suppliers made major business and operational mistakes… Russia and Russian firms have to respond…

Renault Hands Control of the Dashboard to Yandex

Russia’s transition to connected vehicles is looking increasingly homegrown after the country’s biggest car-making alliance handed control of its dashboards to local search engine Yandex. The Renault-Nissan-AvtoVAZ partnership, which has about a third of the Russian market, will use Yandex in locally made cars for services like real-time navigation, voice assistance and music. The pact…

Russian Millennials Worry Most About Corruption and Inequality, Study Says

Russian millennials are more concerned about corruption and income inequality than their global peers, the U.S auditing company Deloitte said in a survey published Monday. Millennials around the world named climate change (29 percent) and income inequality (22 percent) as their top personal concerns, the survey said. Russian millennials named political and business corruption (38…