Finance

By 2021 Kazanorgsintez intends to increase revenues to 100 billion roubles.

Kazanorgsintez (KOS, part of the TAIF group) plans to increase revenues to 100 billion roubles by 2021, Tass reports citing the President of Tatarstan Rustam Minnikhanov after the company's ann

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Kazanorgsintez reduces final dividends for shareholder by 16%

Shareholders of Kazanorgsintez (KOS, part of TAIF Group) has adopted recommendations of its Board of Directors and decided to reduce payments on annual dividends by 16.2%, the company reports.

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In January-April, price of Gazprom’s export gas grew by 20.4%, and income from export – by 32.2% to $16.4 bln

In January-April 2018, average cost of Gazprom's export gas amounted to $206.1 per thousand cubic meters, increased by 20.4% compared to the same period of the previous year, the Federal Custom

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In January-April, Russia’s income from export of coal grew by 25.8% to $4.8 bln, electricity – 13.9% to $190.4 mln

In January-April 2018, Russia's revenues from coal exports increased by 25.8% compared to the same period last year to $4.822 billion, the Federal Customs Service reported.

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Annual GDP growth in Russia to be 1.5-2% from 2019 to 2021 - the Central Bank.

The Central Bank predicts an annual growth rate of Russian GDP at the level of 1.5-2% within next three years, as follows from the draft "The main directions of development of the Russian fina

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"Rusolovo" withdraws "Pravourmyskoe" from the credit rating.

The company will no longer be listed as a Russian credit rating agency RAEX (Expert RA JSC).

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In January-April, Russia’s income from export of oil grew by 29.6%, gas – by 32.2%

In January-April 2018, Russia's revenues from oil exports increased by 29.6% compared to the corresponding period in 2017 to $39.561 billion.

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Gazprom's asets arrested in Netherlands

Gazprom's assets in the Netherlands were arrested for payment to Naftogaz of Ukraine. This was stated in the press service of the Ukrainian gas holding.

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$500 mln required for development of Tomtor deposit

The development of rare earth metals deposit of Tomtor in the Olenek ulus of Yakutia will require $560 million, as it follows from the annual report of Rostec.

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Aleksandr Novak: The balance of prices in the fuel market in Russia is restored.

The balance of prices in the fuel market in Russia had been restored, the Minister of Energy of the Russian Federation Aleksandr Novak announced.

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