Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that international credit ratings agency Standard & Poor’s (S&P) has confirmed PhosAgro’s rating at an investment-grade BBB- and raised its Outlook on the rating to Stable from Negative. In its report S&P notes that it expects recovering…
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The renowned Russian media executive and political consultant Igor Malashenko has died in Spain at the age of 64, the Kommersant business daily reported on Monday. Some Russian media reported the death as having been a suicide, citing sources close to Malashenko. No official sources have yet confirmed the reports. Malashenko was the co-founder and…
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A former mixed-martial-arts fighter and Russian ultranationalist serving time for attacking a brothel was released from prison early on Monday. Vyacheslav Datsik, who fought under the nickname “Red-Haired Tarzan” and has a long criminal history, was sentenced in March 2018 to 3.5 years in maximum-security prison for unlawful intrusion, battery and disorderly conduct. He was…
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Russian state television has listed U.S. military facilities that Moscow would target in the event of a nuclear strike, and said that a hypersonic missile Russia is developing would be able to hit them in less than five minutes. The targets included the Pentagon and the presidential retreat in Camp David, Maryland. The report, unusual even by…
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Russian police have opened a criminal case into air pollution in the Siberian coal-mining region of Kemerovo, weeks after black snow first covered towns in the area. Dark snow descended on the cities of Prokopyevsk, Kiselyovsk and Leninsk-Kuznetsky in mid-February, a phenomenon that has been attributed to rising coal output. Authorities in another Kemerovo town were…
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Russian President Vladimir Putin defended the decision to prosecute U.S. fund manager Michael Calvey on fraud charges in a case that’s shaken investors and drawn criticism from top Kremlin insiders. At a closed-door meeting last week, Putin was asked about attacks on the handling of the case and the damage it might do to the…
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Moody’s Investors Service has for the first time named “abrupt regime change” as a risk factor for the Russian economy. Analysts have forecast increasing competition within the Kremlin and growing popular discontent over social issues as Vladimir Putin’s fourth presidential term approaches its end in 2024. Moody’s named regime change as one of several “distant…
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Russia-based private equity group Baring Vostok appealed on Monday for President Vladimir Putin to take a criminal investigation into its U.S. founder Michael Calvey and other executives under his personal control. It made the request in an open letter to Putin posted on its website. There was no immediate comment from the Kremlin. Prosecutors last…
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A majority of Russians view corruption cases against top officials as evidence of the government’s overall decay, according to a new independent survey. Levada carried out the survey in the wake of the high-profile detention of Russian senator Rauf Arashukov on murder, organized crime and witness tampering charges. His father, the high-ranking gas official Raul…
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There wasn’t a Russian film up for the Oscar this year, but a newly restored 1969 Oscar winner is an apt reminder of Soviet cinema’s impact on the sweeping Hollywood epic. “War and Peace,” director Sergei Bondarchuk’s adaptation of Leo Tolstoy’s classic, expanded the scope, scale and aesthetic ambition of what could play on the…
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The United States asked Russia for advice before the U.S. and North Korean leaders meet in Vietnam later this week, Russian Foreign Minister Sergei Lavrov said on Monday, Interfax news agency reported. Lavrov also said there was no quick solution to the Korean Peninsula issue, adding that the United Nations could have lifted some sanctions against North Korea…
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In 2018, Rosneft sold over 180,000 tonnes of motor fuels in open exchange small-scale wholesale. This is a 74% increase compared to the level of 2017. The increase in the exchange small-scale wholesale segment was made possible with the active policy of the Company aimed at development of the segment, as well as at creation…
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Thousands gathered in central Moscow on Sunday to mark the fourth anniversary of slain opposition politician Boris Nemtsov’s murder. Nemtsov, aged 55 at the time, was gunned down on Feb. 27, 2015 while crossing a bridge close to the Kremlin. A vocal critic of President Vladimir Putin, he had been working on a report examining…
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Russia’s Defense Ministry on Saturday kicked off a countrywide tour of war trophies from the Syrian civil war. They included vehicles, firearms and equipment that the Russian military collected in Syria since entering the conflict in 2015. The tour kicked off on Defender of the Fatherland Day, an annual celebration on Feb. 23 of Russia’s…
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President Vladimir Putin has instructed the government to draw up a plan to support popular music months after young independent artists were pressured to cancel shows in Russian cities. A number of young Russian artists said the authorities had forced them to cancel concerts over allegations of offensive lyrics or extremism. After the brief arrest of…
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A recent video showing Siberian shamans performing a sacrificial burning of camels “for the consolidation of Russia and its peoples” has outraged online users and drawn the prosecutors’ attention. Footage dated Feb. 1 showed shamans in the Irkutsk region dragging two-humped camels, lighting a bonfire and beating traditional tambourines in a circle. In the video,…
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Russia’s lower chamber of parliament plans to install an online wall of shame displaying lawmakers’ dubious remarks to force them “to think before they speak,” its chairman has said. State Duma chairman Vyacheslav Volodin said on Thursday that false statements made during discussions will be published on the Duma website. “If you’ve done something stupid,…
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Russia’s Ministry of Foreign Affairs on Friday accused the United States and its NATO allies of discussing how to arm the opposition in Venezuela and alleged Washington was deploying special forces and equipment near the South American nation. Moscow cited unspecified information to back its assertion about the plans to arm the opposition, but did…
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A Russian court on Friday ruled to extend by three months the detention of former U.S. marine Paul Whelan who is being held on suspicion of spying, the RIA news agency reported. Whelan, who holds U.S., British, Canadian and Irish passports, was detained in a Moscow hotel room on Dec. 28 and accused of espionage,…
DetailsThe Second Atomexpo Awards ceremony will take place during the 11th International Forum ATOMEXPO 2019 in Russia’s southern city of Sochi on April 15–16. Atomexpo Awards is an international professional accolade celebrating outstanding achievements in the nuclear industry and the use of nuclear energy for the benefit of humankind. Awards will be presented in five…
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The Russian Football Union (RFU) on Friday chose Alexander Dyukov, a senior oil executive, as its new president until 2023, Russian news agencies reported. Dyukov is the chief executive officer of oil producer Gazprom Neft. He succeeds Vitaly Mutko, a deputy prime minister and veteran sports official, who became embroiled in allegations around Russia’s doping…
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The size of Russia’s shadow economy was equal to 20 percent of the GDP last year, media reported Friday, citing the Rosfinmonitoring state financial watchdog. The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income taxes, as well as under-the-table salaries and other suspicious transactions, in 2018, the RBC news website reported.…
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It was a stark departure from past policy objectives. Addressing a crowd of government officials on Wednesday, President Vladimir Putin delivered a state of the nation speech more inward-focused than ever before. Domestic issues — the economy above all — took precedence; Ukraine didn’t even receive a mention. Outlining a litany of measures to help…
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Russian activists have slammed the recent detentions and alleged torture of Jehovah’s Witnesses in Western Siberia, comparing them to persecution by the Nazis. A spokesperson for the Jehovah’s Witnesses, an organization that Russia labeled extremist in 2017, alleged that at least seven adherents of the religious group had been brutally tortured after being detained last week in the…
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As part of the agreement concluded at the Eastern Economic Forum 2018, Rosneft together with the Far East Federal University (FEFU) and the Arctic Research and Design Centre (subsidiary of Rosneft corporate Research and Development complex) launched the research of sheet sea ice structural behaviour. For the first time in the global science, ice-exploration is…
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This week on From Russia With News, Financial Times Bureau Chief Henry Foy joins us in the studio to talk about the arrest of Michael Calvey, the U.S. founder of Baring Vostok, Russia’s biggest independent private equity firm. We’ll also talk with Coda journalist Simon Ostrovsky to discuss the new Duma law that bans Russian…
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In the cold, gray waters of the Gulf of Finland, 30 kilometers west of St. Petersburg, a giant wall juts across the bay. Completed seven years ago, it protects the city from an age-old danger: floods. When storms approach from the west, the Baltic Sea is pushed eastwards into the shallow Neva Bay where the…
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A military course for schoolchildren taught youngsters how to disperse street protests in Russia’s fourth largest city of Yekaterinburg, local media reported. Researchers registered at least 1,000 more protests in 2018 than in previous years as Russians took to the streets over pension age hikes, rising gas prices and other issues. Activists face a range…
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President Vladimir Putin has said that Russia is militarily ready for a Cuban Missile-style crisis if the United States is foolish enough to want one and that his country currently has the edge when it comes to a first nuclear strike. The Cuban Missile Crisis erupted in 1962 when Moscow responded to a U.S. missile…
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Twitter Inc. this month made a significant revision to its public database of more than 3,000 accounts that it has linked to Russia’s Internet Research Agency, fundamentally altering the record about the group’s trolling efforts in the U.S. in the year following the contentious 2016 presidential election. Twitter’s changes invalidate central portions of a Bloomberg…
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It’s no longer lonely at the top for Yelena Baturina, Russia’s richest woman and the wife of former Moscow mayor Yury Luzhkov. Forbes Russia said Tatiana Bakalchuk, the co-founder and owner of popular private online retailer Wildberries, joined its women billionaires list on Thursday. The business magazine now estimates Bakalchuk’s net worth at more than…
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The myth still remains that during World War II Jews were more likely to bemoan their fate than to actively resist the Nazis. This is easily disproved by the 300,000-500,000 Jews that are estimated to have fought in the Red Army. But due to anti-Semitic policies in the Soviet Union, many of these stories were…
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President Vladimir Putin calls improving the Russian navy’s combat capabilities a priority. The unfinished husks of three guided-missile frigates that have languished for three years at a Baltic shipyard show that is easier said than done. Earmarked for Russia’s Black Sea Fleet, the frigates fell victim to sanctions imposed by Ukraine in 2014 after Russia…
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Russia must prepare for possible Western attempts to deny it access to the global internet by creating its own self-sufficient ‘segments’ of the web, President Vladimir Putin was quoted as saying on Wednesday by Russian news agencies. “I think, they [foreign countries] will think through carefully before doing it, but there is a theoretical possibility…
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Russia’s Defense Ministry released footage of what it said was a successful test launch of its new submarine drone missile system, hours after President Vladimir Putin said there had been major advancements in the system. Putin announced the development of a series of new advanced weapons ahead of his re-election in March 2018. Of those,…
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Russian military police and Syrian troops have blockaded food and goods supply routes to the Rukban refugee camp in Syria in a bid to force thousands of desperate residents to leave the U.S.-protected area near a Pentagon-run base, camp residents and rebels said on Wednesday. Russia’s defense ministry announced on Tuesday it was opening two…
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Release February 20, 2019, 21:20 A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Serbia today. As part of the visit, a meeting between Alexey Miller and Aleksandar Vucic, President of the Republic of Serbia, took place in Belgrade. The parties discussed cooperation-related issues, noting in particular the growth in Russian gas exports to Serbia. According to preliminary data, between January 1 and…
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U.S. citizen Michael Calvey, the founder of major private equity fund Baring Vostok in Russia, was detained on Feb. 14 on suspicion of defrauding Vostochny bank shareholders. On Saturday, a Moscow court placed him under arrest on fraud charges until April 13. The arrest has sparked an outcry among Western businessmen, political officials and members…
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Venezuela on Wednesday received a shipment of humanitarian aid sent from Russia, including medicine and medical equipment, the state-run RIA Novosti news agency reported, citing a Russian diplomatic source. Russia has sided with Venezuelan President Nicolas Maduro in his stand-off with opposition leader Juan Guaido, who declared himself interim president late last month. Maduro retains…
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A majority of Russians say that doing business in the country without breaking a few rules is impossible, according to a newly released state-funded survey. The poll was carried out a day after Michael Calvey, a U.S. citizen and one of the biggest private equity investors in Russia, was detained on suspicion of embezzling $37.7…
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Russia will respond to any U.S. deployment of short or intermediate-range nuclear weapons in Europe by targeting not only the countries where they are stationed, but the United States itself, President Vladimir Putin said on Wednesday. In his toughest remarks yet on a potential new arms race, Putin said Russia was not seeking confrontation and would not take…
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Against a backdrop of falling approval ratings and a faltering economy, Russian President Vladimir Putin began his annual address to the Federal Assembly on Wednesday with an emphasis on domestic issues. Speaking at Gostiny Dvor to 2,000 senior government officials, he focused on questions of internal economic and social development, before discussing Russia’s new missile…
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A spokesman for the Jehovah’s Witnesses has said that Russian investigators have brutally tortured adherents of the group who are currently held in detention. Russia’s Supreme Court declared the Jehovah’s Witnesses an extremist organization in 2017, leading to mass raids and causing hundreds of its estimated 175,000 members to flee the country. Earlier this month,…
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One thing I never worry about is how to entertain out of town guests in Moscow. After twenty-some years, the template has been honed and refined into a delicate balance of classic rubbernecking (the Kremlin, Red Square, the Tretyakov Gallery, Novodeyvichy Convent and Cemetery) and just enough off-the-beaten-track experiences (Danilovsky Market, Garage, Izmailovo) to make…
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One thing I never worry about is how to entertain out of town guests in Moscow. After twenty-some years, the template has been honed and refined into a delicate balance of classic rubbernecking (the Kremlin, Red Square, the Tretyakov Gallery, Novodeyvichy Convent and Cemetery) and just enough off-the-beaten-track experiences (Danilovsky Market, Garage, Izmailovo) to make…
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Residents of a central Russian town plagued by air pollution are beginning to sue over health complications that they say are caused by toxic emissions from a nearby copper mine, local authorities have said. The town of Sibai has been hit by thick smog since November, sparking protests and leading to the distribution of medical…
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Russia’s FSB security service has asked a Moscow court to extend the detention of former U.S. marine Paul Whelan who is being held on suspicion of spying, the Interfax news agency cited a court spokeswoman as saying on Wednesday. Whelan, who holds U.S., British, Canadian and Irish passports, was detained in a Moscow hotel room…
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Russia‘s largest oil company could take over and renovate a ruined palace once used by the tsars, under draft legislation provisionally backed on Tuesday by lawmakers. The bill, approved by lawmakers in its first of three readings, seeks to save thousands of dilapidated listed buildings by creating a mechanism for investors to take them over…
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Animal rights activists have staged a picket in Moscow demanding the release of more than 100 orcas and belugas held in so-called “whale jails” in Far East Russia. Activists have raised the alarm about the mistreatment of 11 killer whales and 90 belugas that they say are kept in cold and cramped pens in Srednyaya…
DetailsVoronezh Region, February 19, 2019 – Fuel loading began right on schedule at the Novovoronezh Nuclear Power Plant II, unit No. 2 equipped with the VVER-1200 reactor. The first batch of 163 fuel assemblies were successfully installed at 16:10 (Moscow time) with the remaining assemblies to be loaded within five days. The initial fuel loading…
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Danske Bank A/S will close its operations across the Baltic states and in Russia after authorities in Estonia kicked out the Danish lender amid a deepening money-laundering scandal. The Financial Supervisory Authority in Tallinn took the extraordinary step on Tuesday of ordering Danske to close its operations in the Baltic country. The agency is giving…
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All but a handful of Russians living on the disputed Kuril Islands in Far East Russia have overwhelmingly rejected the prospect of being transferred to Japan, a state-funded survey said Tuesday. The dispute over the four islands, which Soviet troops captured from Japan in the final days of World War II, is so acrimonious that…
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Russia’s state space agency has announced plans to send tourists into space along the route taken by the first man in space over the next two years. Legendary Soviet cosmonaut Yury Gagarin made history as the first human to orbit the Earth when he spent 108 minutes in space in 1961. “We’re […] launching a…
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Russia’s President Vladimir Putin and Saudi King Salman bin Abdulaziz Al Saud, in a telephone conversation, voiced their support for continued coordination on the global energy markets, the Kremlin said on Tuesday. The Kremlin also said the two leaders praised bilateral cooperation between Russia and Saudi Arabia. “Mutual attitude for further strengthening of multifaceted Russia-Saudi…
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Russian soldiers will no longer be able to take selfies or share information online under new legislation passed by the State Duma on Tuesday. In recent years, online investigative journalism sites like Bellingcat have used open source data to cast light on Russia’s alleged role in eastern Ukraine and other countries. In a third and…
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Rosneft Chairman of the Board of Directors Gerhard Schroeder had a meeting with the management of Rosneft Deutschland GmbH in the company’s office in Berlin and got acquainted with business strategy of Rosneft Deutschland for 2019. During the meeting, representatives of Rosneft Deutschland management also reported on the first results of the company’s direct marketing…
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Serial production of Russia’s first post-Soviet mainline commercial aircraft will be delayed by a year due to U.S. sanctions, the head of state-owned industrial conglomerate Rostec said on Monday, Russian news agencies reported. Russia hopes the MS-21, a twin-engine, medium-range passenger plane, will give Boeing and Airbus a run for their money. Three prototypes have…
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Chechen leader Ramzan Kadyrov temporarily transferred power to the head of the legislative assembly of his republic early last week as he battled what he said was a common cold. Kadyrov, 42, has ruled Chechnya, a Russian region that was devastated by two bloody separatist conflicts in the 1990s and early 2000s, since he was…
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The detention in Russia of Baring Vostok’s U.S. founder Michael Calvey is an emergency for the Russian economy, former finance minister Alexei Kudrin, now head of the Audit Chamber, said on Monday. “I find this particular situation (to be) an emergency for the economy,” Kudrin tweeted. He said Calvey’s detention shows Russian President Vladimir Putin’s…
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Moscow — PhosAgro-Region* (PhosAgro Group), Russia’s largest mineral fertilizer distribution network, increased its total supply of mineral fertilisers to the Russian market by 7% in 2018, to 2.93 million tonnes. According to the Russian Association of Fertilizer Producers, PhosAgro Group is the largest distributor of mineral fertilizers for Russian farmers. The Russian market remains a priority for PhosAgro Group, accounting for 30% of sales, more than any of the…
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