PhosAgro 2Q 2019 FCF up 22% to RUB 10.2 bln

Moscow – PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, today announces its interim condensed consolidated IFRS financial results for the three months (2Q) and six months (1H) ended 30 June 2019.  Revenue for 2Q 2019 rose by 3% year-on-year to RUB 58.1 billion…

PhosAgro Board of Directors Recognises Effectiveness of Andrey Guryev’s Work as CEO and Recommends that Shareholders Approve Dividend Payment

Moscow – The Board of Directors of PhosAgro, one of the world’s leading producers of phosphate-based fertilizers, heard a report by Andrey Guryev on the results of his work as CEO of the Company over the past six years and about the Company’s medium-term plans. Members of the Board of Directors noted the Company’s significant…

Russia to Launch Nuclear-Powered Fish Shipping Around Scandinavia

Russia’s 30-year-old nuclear-powered Sevmorput container carrier will soon transport 5,000 tons of fish from the country’s Far East to St. Petersburg via the Northern Sea Route. “This test voyage with the container carrier gives hope that someday such deliveries will become regular,” the Kamchatka region governor Vladimir Kuzmitsky has said in an interview with the region’s official news portal.…

First Meeting of PhosAgro’s Sustainable Development Committee, Chaired by Irina Bokova, Reviews Company’s Contribution to Achieving UN Sustainable Development Goals

Moscow – The PhosAgro Board of Directors Committee on Sustainable Development has held its first meeting, which was chaired by Irina Bokova. Prior to joining PhosAgro, Ms Bokova was the first woman ever to serve as Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO), a post she held for eight years. The…

On This Day Space Dogs Flew a Mission

On Aug. 27, 1958, the Soviet Union launched the dogs Pyostrya and Belyanka into space. The craft, a R-5A rocket, set a new record in terms of weight-to-height ratio, as it reached 453 kilometers above the earth’s surface at a weight of over 1,500 kilograms. The dogs safely returned to earth following the flight. Between…

On This Day Ivan the Terrible Was Born

Ivan Vasilevich, more commonly known as Ivan the Terrible or Ivan IV, was born on Aug. 25, 1530 in Kolomenskoye, Moscow. The grandson of Ivan the Great, he acquired huge amounts of land during his reign, transforming a Grand Duchy into a Tsardom. Through this, however, he imposed a reign of terror and exhibited uncontrollable…

Russia’s First Floating Nuclear Power Plant Sets Sail in Arctic Amid Environmental Fears

Russia’s first floating nuclear power plant set sail Friday from the Arctic port of Murmansk to provide power to one of the country’s most remote regions, sparking environmental concerns. Developed by the Russian state nuclear company Rosatom, the plant, known as “Akademik Lomonosov,” set off on a 5,000 kilometer (3,100 mile) journey through Arctic waters…

He knew Gazprom inside out. Celebrating 85th anniversary of Rem Vyakhirev

August 23, 2019 Excerpts from the book “Rem Ivanovich Vyakhirev.” Published by Real Modern Pictures, 2014. Oil rig operator. Kilometers traveled with tools on shoulder After graduation, Rem Vyakhirev was an oil field operator on patrol for several years. I can give a brief explanation to those who have no idea what it is: in the 1950s, a worker with a gas mask and a set of tools on his…

Optimists of Northern Capital. Gazprom Cup regatta series concludes at St. Petersburg Yacht Club

News from projects and regions August 22, 2019, 17:00 On August 21, the St. Petersburg Yacht Club held the award ceremony for the winners and participants of the Optimists of the Northern Capital. Gazprom Cup regatta – Russia’s largest national children’s sports tournament, which has been held since 2012 by the St. Petersburg Yacht Club and the Sailing Academy with…

Art Patron Mikhail Abramov, Dead at 55

On Aug. 20 collector and art patron Mikhail Abramov was killed in an accident near Peloponnes, Greece on his way to the international airport and a flight to Moscow. The helicopter he was in crashed into the sea, killing Abramov, another passenger and the pilot. Abramov was a businessman and collector of ancient Christian art…

Putin Plays Down Moscow Protests, Blames Opposition for ‘Falsification’

Russian opposition members were banned from running for Moscow’s legislature because they had submitted “falsified” signatures, President Vladimir Putin has said, playing down the election protests that rocked the capital this summer. Tens of thousands of people have demonstrated in central Moscow since mid-July in support of the opposition candidates. Authorities barred the candidates from…