Economy of Russia

JSC VTB Bank: VTB Bank announces RAS financial results (standalone) for June and 6M 2021

Retrieved on: 
Wednesday, July 7, 2021
VTB Bank, Economy of Russia, Companies

VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for June and six months of 2021.

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for June and six months of 2021.
  • Net profit was RUB 129.5 billion in 6M 2021, including RUB 17.5 billion in June 2021, 2.5 times and 175 times up year-on-year, respectively.
  • Provision charge amounted to RUB 58.5 billion in 1H 2021 (down 42.8% year-on-year) and RUB 10.6 billion for June 2021 (down 56.0% year-on-year).
  • The reported financial indicators are preliminary; hence, they can be supplemented and changed in the process of preparation of publishable financial reports of VTB Bank.

Head of Russia-Brazil Business Council Andrey Guryev Takes Part in International Seminar on Russia-Brazil Trade and Economic Relations

Retrieved on: 
Tuesday, July 6, 2021
Andrey Guryev, PhosAgro, Economy of Russia, Andrey Guryev Jr.

MOSCOW, July 6, 2021 /PRNewswire/ -- The head of the RussiaBrazil Business Council and CEO of PhosAgro, Andrey Guryev, took part in an International Seminar on RussiaBrazil Trade and Economic Relations titled "Deepening Cooperation to Promote Growth and Development".

Key Points: 
  • MOSCOW, July 6, 2021 /PRNewswire/ -- The head of the RussiaBrazil Business Council and CEO of PhosAgro, Andrey Guryev, took part in an International Seminar on RussiaBrazil Trade and Economic Relations titled "Deepening Cooperation to Promote Growth and Development".
  • "Over the years we have gone through various phases in the development of our trade and economic relations.
  • Now we must find a way forward in the turbulent seas of the international economy and international relations."
  • The head of the RussiaBrazil Business Council and CEO of PhosAgro, Andrey Guryev, noted that the Latin American market, and Brazil in particular, was one of PhosAgro's priorities.

Head of Russia-Brazil Business Council Andrey Guryev Takes Part in International Seminar on Russia-Brazil Trade and Economic Relations

Retrieved on: 
Tuesday, July 6, 2021
Andrey Guryev, PhosAgro, Economy of Russia, Andrey Guryev Jr.

MOSCOW, July 6, 2021 /PRNewswire/ -- The head of the RussiaBrazil Business Council and CEO of PhosAgro, Andrey Guryev, took part in an International Seminar on RussiaBrazil Trade and Economic Relations titled "Deepening Cooperation to Promote Growth and Development".

Key Points: 
  • MOSCOW, July 6, 2021 /PRNewswire/ -- The head of the RussiaBrazil Business Council and CEO of PhosAgro, Andrey Guryev, took part in an International Seminar on RussiaBrazil Trade and Economic Relations titled "Deepening Cooperation to Promote Growth and Development".
  • "Over the years we have gone through various phases in the development of our trade and economic relations.
  • Now we must find a way forward in the turbulent seas of the international economy and international relations."
  • The head of the RussiaBrazil Business Council and CEO of PhosAgro, Andrey Guryev, noted that the Latin American market, and Brazil in particular, was one of PhosAgro's priorities.

Sistema PJSFC: Sistema reports acquisition of shares under buyback programme

Retrieved on: 
Monday, July 5, 2021
Sistema, MOEX, Moscow Exchange, Buyback, Companies, Financial markets, Economy of Russia

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, 05 July 2021 - Sistema PJSFC ("Sistema" or the "Company") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its wholly-owned subsidiary Sistema Finance JSC ("Sistema Finance") acquired 3,462,000 of the Company's ordinary shares (ISIN: RU000A0DQZE3) under the Company's buyback programme that will be carried out till 17 September 2022.
  • (the "Programme").
  • The shares were purchased on Moscow Exchange (MOEX) by the broker on behalf of Sistema Finance and transferred to Sistema Finance.

Magnit has published the list of affiliated persons as of 30.06.2021

Retrieved on: 
Friday, July 2, 2021
Magnit, Companies, Economy of Russia

Public Joint Stock Company "Magnit" is one of Russia's leading retailers.

Key Points: 
  • Public Joint Stock Company "Magnit" is one of Russia's leading retailers.
  • Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.
  • As of March 31, 2021, Magnit operated 39 distribution centers and 21,900 stores (15,098 convenience, 471 supermarkets and 6,331 drogerie stores) in 3,770 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2020, Magnit had revenues of RUB 1,553.8 billion and an EBITDA of RUB 178.2 billion.

JSC VTB Bank: VTB Bank announces results of the annual General Meeting of Shareholders

Retrieved on: 
Thursday, July 1, 2021
VTB Bank, Banks, Companies, Economy of Russia, Post Bank

VTB Bank held its annual General Meeting of Shareholders (the AGM) following the results of 2020.

Key Points: 
  • VTB Bank held its annual General Meeting of Shareholders (the AGM) following the results of 2020.
  • The meeting elected the following 11 members of the Supervisory Council of VTB Bank:
    Ernst & Young LLC has been approved as VTB Bank's Auditor for the annual mandatory audit of VTB Bank for 2021.
  • In addition, the shareholders approved amendments to the Charter of VTB Bank, a new version of the Regulation on the Management Board of VTB Bank.
  • The report on the voting results will be published on the VTB website in the section dedicated to the Annual General Meeting of Shareholders within the time period established by law.

Sistema PJSFC: VTB Capital invests in Binnopharm Group

Retrieved on: 
Tuesday, June 29, 2021
VTB Bank, VTB Capital, Economy of Russia, Sistema, Companies, Banks, Draft:Marathon Group, Draft:Raevskaya-Repnina Anna Maria Serafima Sergeevna

Moscow, 29 June 2021 - VTB Capital has invested in the pharmaceutical holding company Binnopharm Group.

Key Points: 
  • Moscow, 29 June 2021 - VTB Capital has invested in the pharmaceutical holding company Binnopharm Group.
  • Sistema's wholly-owned subsidiary LLC Sistema Telecom Assets sold an 11.2% stake in Ristango Holding Limited, which owns 100% of the authorised capital of Binnopharm Group, to Nevsky Property Investments Limited (controlled by VTB Capital).
  • Our cooperation within the pharmaceutical holding company will continue, but VTB Group will play a new role as Binnopharm Group's shareholder.
  • Sistema remains the main managing shareholder of Binnopharm Group and will continue to implement its development strategy."

Sistema PJSFC: Sistema reports acquisition of shares under buyback programme

Retrieved on: 
Monday, June 28, 2021
Sistema, MOEX, Moscow Exchange, Buyback, Companies, Financial markets, Economy of Russia

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, 28 June 2021 - Sistema PJSFC ("Sistema" or the "Company") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its wholly-owned subsidiary Sistema Finance JSC ("Sistema Finance") acquired 3,424,900 of the Company's ordinary shares (ISIN: RU000A0DQZE3) under the Company's buyback programme that will be carried out till 17 September 2022.
  • (the "Programme").
  • The shares were purchased on Moscow Exchange (MOEX) by the broker on behalf of Sistema Finance and transferred to Sistema Finance.

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

Retrieved on: 
Monday, June 28, 2021
Mechel, Ferroalloy, Iron ore, Steel, Companies, Academic disciplines, Economy of Russia

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.

JSC VTB Bank: VTB Group announces IFRS financial results for May and 5M 2021

Retrieved on: 
Monday, June 28, 2021
VTB Bank, Economy of Russia, Companies, Bank of Moscow, Banking

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 2021.

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 2021.
  • Dmitry Pianov, a member of the Management Board and Chief Financial Officer of VTB Bank, said:
    "In the first five months of 2021, VTB Group delivered both strong profitability and robust organic business growth.
  • Net interest income amounted to RUB 251.4 billion in 5M 2021 and RUB 55.4 billion in May 2021, increases of 20.3% and 17.1%, respectively, year-on-year.
  • Net interest margin showed resilience to changes in the key rate, amounting to 3.8% in May and for 5M 2021.