Finance

Rosgeologiya to receive 75% minus one share of Yakutskgeologiya

President of Russia Vladimir Putin has ordered to briing 75% minus one share of Yakutskgeologia in authorized capital of Rosgeologiya, as it follows from the decree, published on the official Inter

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In H1, UC Rusal doubled its profit

In the first six months of 2018, the net profit of UC Rusal under IAS doubled to $952 million compared to $470 million in the first half of 2017. This was reported by the company.

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In H1, Gazpromneft’s net profit under RAS fell 1.8 times

In the first six months of 2018, the net profit of Gazpromneft under RAS decreased 1.8 times year-on-year and amounted to 85.52 billion rubles. Gazpromneft reported this on August 2, 2018.

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On August 6, Alrosa’s Supervisory Board to consider new dividend policy

The Supervisory Board of Alrosa will consider the issue of approval of financial and dividend policy provisions in new editions, as well as preliminary recommendations to shareholders on payment of

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In Q2 2018, MMK’s dividends may be 1.589 rubles per share

The Board of Directors of MMK has recommended to the extraordinary meeting of shareholders, which will be held on September 28, 2018, to pay dividends for the second quarter of 2018 in the amount o

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Russian filling stations incurred 12 billion rubles of losses in May 2018

According to the estimates of the Analytical Center of the Independent Fuel Union (IFU), in May 2018 the losses of the Russian fuel market due to the disparity of retail and wholesale prices amount

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Fitch increases credit rating of RusHydro to investment level

On August 1, 2018, international rating agency Fitch Ratings Ltd.

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European Bank for Reconstruction and Development may issue loan for $100 mln to Naftogaz

The European Bank for Reconstruction and Development (EBRD) may participate in the credit line for Naftogaz, allocating $100 million.

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In 2017, Russian oil and gas companies invested $58 bln in production

In 2017, investments of Russian oil and gas companies in geological exploration and production increased by 38% to $58 billion, the International Energy Agency estimated.

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Belarus reduces export duties on oil and oil products from August 1

On August 1 Belarus reduced export duties on oil and oil products exported outside the Eurasian Economic Union. This decision was announced in the Council of Ministers of the republic.

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