Economy of Russia

VEON Announces the Refinancing of Its RUB 30 Billion Loan Agreement With VTB

Thursday, July 9, 2020 - 7:30pm

AMSTERDAM, July 9, 2020 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON) announced today that its subsidiary VEON Holdings B.V. has successfully refinanced its existing RUB 30 billion, approximately USD 422 million1, bilateral term loan agreement with VTB Bank.

Key Points: 
  • AMSTERDAM, July 9, 2020 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON) announced today that its subsidiary VEON Holdings B.V. has successfully refinanced its existing RUB 30 billion, approximately USD 422 million1, bilateral term loan agreement with VTB Bank.
  • This refinancing will extend the maturity and reduce the cost of the existing loan between VTB Bank and VEON Holdings.
  • VEON Group Chief Financial Officer Serkan Okandan commented: "This transaction is another step in our continued focus on improving VEON's capital structure and enhancing our RUB financings.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.

NORNICKEL ANNOUNCES THAT MAXIM POLETAEV AND NIKOLAY ABRAMOV CEASE TO BE INDEPENDENT DIRECTORS

Wednesday, July 8, 2020 - 6:06pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Moscow, July 7, 2020 - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that its Directors Maxim Poletaev and Nikolay Abramov have ceased to be independent directors on the Board.
  • In accordance with the Company's Articles of Association, listing rules of the Moscow Exchange and the recommendations of the Code of the Corporate Governance, Maxim Poletaev and Nikolay Abramov have ceased to meet independent director criteria of the Board of Directors of Norilsk Nickel following their respective recent appointments to managerial positions at UC Rusal, a 27% shareholder of Nornickel.
  • Therefore, currently there are six independent directors remaining on the Board of Norilsk Nickel: Gareth Penny, Sergey Bratukhin, Sergey Volk, Roger Munnings, Robert Edwards and Evgeny Shvarts out of total 13 directors.

PhosAgro CEO Andrey Guryev Attends Opening of IUPAC Summer School on Green Chemistry

Monday, July 6, 2020 - 6:19pm

MOSCOW, July 6, 2020 /PRNewswire/ -- Andrey Guryev, the CEO of PhosAgro and President of the Russian Fertilizer Producers Association, today attended the opening ceremony of the Summer School on Green Chemistry hosted by the International Union of Pure and Applied Chemistry (IUPAC).

Key Points: 
  • MOSCOW, July 6, 2020 /PRNewswire/ -- Andrey Guryev, the CEO of PhosAgro and President of the Russian Fertilizer Producers Association, today attended the opening ceremony of the Summer School on Green Chemistry hosted by the International Union of Pure and Applied Chemistry (IUPAC).
  • We must remember that sustainable development is impossible without green chemistry," said Dr Tundo in explaining the urgency of the subject matter covered by the Summer School.
  • Dr Tundo added that about half of the Summer School participants were researchers from developing countries; he also thanked PhosAgro and its CEO Andrey Guryev personally for supporting young scientists from around the world.
  • According to the PhosAgro CEO, the Summer School on Green Chemistry offers an excellent opportunity for young scientists to gather together in one forum to discuss their projects and scientific ideas.

PhosAgro CEO Andrey Guryev Attends Opening of IUPAC Summer School on Green Chemistry

Monday, July 6, 2020 - 6:13pm

MOSCOW, July 6, 2020 /PRNewswire/ -- Andrey Guryev, the CEO of PhosAgro and President of the Russian Fertilizer Producers Association, today attended the opening ceremony of the Summer School on Green Chemistry hosted by the International Union of Pure and Applied Chemistry (IUPAC).

Key Points: 
  • MOSCOW, July 6, 2020 /PRNewswire/ -- Andrey Guryev, the CEO of PhosAgro and President of the Russian Fertilizer Producers Association, today attended the opening ceremony of the Summer School on Green Chemistry hosted by the International Union of Pure and Applied Chemistry (IUPAC).
  • We must remember that sustainable development is impossible without green chemistry," said Dr Tundo in explaining the urgency of the subject matter covered by the Summer School.
  • Dr Tundo added that about half of the Summer School participants were researchers from developing countries; he also thanked PhosAgro and its CEO Andrey Guryev personally for supporting young scientists from around the world.
  • According to the PhosAgro CEO, the Summer School on Green Chemistry offers an excellent opportunity for young scientists to gather together in one forum to discuss their projects and scientific ideas.

Metalloinvest Finance Designated Activity Company: Metalloinvest and Zagorsk Pipe Plant completed negotiations on joint development of Ural Steel

Friday, July 3, 2020 - 10:01am

Metalloinvest Finance Designated Activity Company: Metalloinvest and Zagorsk Pipe Plant completed negotiations on joint development of Ural Steel

Key Points: 
  • Metalloinvest Finance Designated Activity Company: Metalloinvest and Zagorsk Pipe Plant completed negotiations on joint development of Ural Steel
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Moscow, Russia - 02 July 2020 - Metalloinvest and Zagorsk Pipe Plant (ZTZ) have ended discussions on a strategic partnership for the development of Ural Steel and on ZTZ's acquisition of an equity stake in the enterprise.
  • Following an in-depth study and analysis of market conditions, the parties decided to continue independent development of their assets.
  • Since 2017, Metalloinvest has been implementing a comprehensive development programme at Ural Steel.

EQS-News: PJSC Mechel : Mechel Reports Decisions of Annual General Shareholder Meeting

Friday, July 3, 2020 - 8:00am

Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.

Key Points: 
  • Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.
  • All of its enterprises work in a single production chain, from raw materials to high value-added products.
  • We wish to caution you that these statements are only predictions and that actual events or results may differ materially.
  • We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F.

LENTA ANNOUNCES EXTRAORDINARY MEETING OF SHAREHOLDERS TO CONSIDER RE-DOMICILIATION TO RUSSIA

Tuesday, June 30, 2020 - 6:04pm

St. Petersburg, Russia; 30 June 2020 - Lenta PLC ("Lenta" or the "Company"), one of the largest retail chains in Russia, today issued a notice to shareholders in respect of an extraordinary general meeting of shareholders of Lenta (the "EGM") to be held on 22 July 2020 at 112B Savushkina street, St. Petersburg, Russia.

Key Points: 
  • St. Petersburg, Russia; 30 June 2020 - Lenta PLC ("Lenta" or the "Company"), one of the largest retail chains in Russia, today issued a notice to shareholders in respect of an extraordinary general meeting of shareholders of Lenta (the "EGM") to be held on 22 July 2020 at 112B Savushkina street, St. Petersburg, Russia.
  • The EGM will take place immediately after the completion of the already-scheduled annual general meeting of shareholders of Lenta to be held on the same day (starting at 10am) and place.
  • The EGM has been called by the Board of Directors of Lenta to approve the proposed re-domiciliation of Lenta from the Republic of Cyprus to the Russian Federation.
  • Lenta expects that a second extraordinary meeting of shareholders will be called in the future to approve a new charter of Lenta that would apply upon the re-domiciliation being completed.

Sberbank: Alexander Morozov leaves Sberbank as of 1 July 2020. Alexandra Buriko becomes the new CFO

Tuesday, June 30, 2020 - 4:05pm

Sberbank: Alexander Morozov leaves Sberbank as of 1 July 2020.

Key Points: 
  • Sberbank: Alexander Morozov leaves Sberbank as of 1 July 2020.
  • Alexandra Buriko becomes the new CFO
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • According to the resolution of the Supervisory Board of Sberbank dated 12/11/2019, Alexander Morozov, Deputy Chairman of the Executive Board, ceases to perform his function as the Head of Finance and member of the Executive Board and leaves Sberbank as of 1 July 2020.
  • Alexandra Buriko becomes the new Chief Financial Officer of Sberbank and Head of Finance.

VTB Group announces IFRS financial results for May and 5M 2020

Tuesday, June 30, 2020 - 1:10pm

VTB Bank, the parent company of VTB Group (the "Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for May and the first five months of 2020.

Key Points: 
  • VTB Bank, the parent company of VTB Group (the "Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for May and the first five months of 2020.
  • Net interest income was RUB 209.0 billion for 5M 2020 and RUB 47.3 billion in May 2020, increasing by 18.2% and 28.2% year-on-year, respectively.
  • Net interest margin was 3.7% for 5M 2020 and 4.1% in May 2020 (an increase of 40 bps and 80 bps year-on-year, respectively).
  • Provision charges amounted to RUB 74.8 billion for 5M 2020 and RUB 12.4 billion in May 2020, increases of 116.8% and 113.8% year-on-year, respectively.

VTB Group has published its 2019 Annual Report

Monday, June 29, 2020 - 6:03pm

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • VTB Group has published its 2019 Annual Report prepared in accordance with Financial Conduct Authority (FCA) disclosure rules.
  • The document can be viewed or downloaded at VTB Group's website: https://www.vtb.com/akcionery-i-investory/
    A copy of the document has also been submitted to the National Storage Mechanism and will shortly be available at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism