Economy of Russia

PJSC RusHydro: RusHydro announces first quarter 2021 RAS results

Retrieved on: 
Wednesday, April 28, 2021
Hydroelectricity in Russia, RusHydro, PJSC, Companies, Economy of Russia

Long-term loans comprise 67% of the total portfolio.\n* In July 2017, the Resolution of the Russian Government No.

Key Points: 
  • Long-term loans comprise 67% of the total portfolio.\n* In July 2017, the Resolution of the Russian Government No.
  • 1615-r of 28 July 2017, PJSC RusHydro was appointed as the recipient of a premium to the price for capacity provided by the Company in the price zones of the wholesale market under CCS agreements.
  • The Company translates the collected amounts of margin in the form of free-of-charge targeted contributions to the budgets of the respective regions.
  • It is Russia\'s largest generating company and is the third hydropower company in the world with over 400 generating facilities.

OJSC PhosAgro: S&P Affirms PhosAgro's Investment Grade Credit Rating of BBB-/Stable

Retrieved on: 
Friday, April 9, 2021
PhosAgro, Yukos, Andrey Guryev, Companies, S&P Global Ratings, Economy of Russia, Finance, Andrey Guryev Jr.

Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces that S&P Global Ratings has affirmed the Company's investment grade Issuer Credit Rating of BBB- with a stable outlook.

Key Points: 
  • Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces that S&P Global Ratings has affirmed the Company's investment grade Issuer Credit Rating of BBB- with a stable outlook.
  • The agency also notes that the low cadmium content in PhosAgro's product may potentially enable the Company to increase its exports to the EU.
  • PhosAgro CEO Andrey Guryev said: "PhosAgro remains a first-class borrower, with strong and sustainable profitability and cashflows supported by the success of the well-considered strategic investment programmes I have overseen as CEO.
  • PhosAgro currently has three investment grade credit ratings:

EQS-News: PJSC Mechel : Mechel Reports Launching New Production Area at Sibirginskaya Underground Mine

Retrieved on: 
Monday, April 5, 2021
Mechel, Ferroalloy, Iron ore, Companies, 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.

NCSP Group's consolidated financial and operational results for 12 months 2020

Retrieved on: 
Thursday, April 1, 2021
Port operating companies, Novorossiysk Commercial Sea Port, Companies, Economy of Russia

Consolidated cargo turnover of NCSP Group for the 12 months of 2020 totaled 110.6 mln.

Key Points: 
  • Consolidated cargo turnover of NCSP Group for the 12 months of 2020 totaled 110.6 mln.
  • tons, including 87.8 mln.
  • Consolidated revenue of NCSP Group for the 12 months of 2020 totaled USD 632,3 mln., which is USD 234,1 mln.
  • on the back of lower free cash balances due to significant dividend payments in 2020.

VTB Group announces IFRS financial results for 2M 2021

Retrieved on: 
Wednesday, March 31, 2021
VTB Bank, VTB Capital, Companies, Economy of Russia, Banks

VTB Bank, the parent company of VTB Group (the "Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for the first two 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 the first two months of 2021.
  • VTB Group's net profit in the first two months of 2021 amounted to RUB 58.4 billion, an increase of 50.5% year-on-year.
  • For the first two months of 2021, VTB Capital Investments' total client assets increased by 5.5%, to RUB 3.6 trillion.
  • VTB Capital Investments fee and commission income for the first two months of 2021 increased 2.5x year-on-year and reached RUB 4.5 billion.

Sistema PJSFC: Sistema Group increases ownership stake in OJSC Sintez

Retrieved on: 
Wednesday, March 31, 2021
Sistema, Rostec, Companies, Economy of Russia, Organizations

31 March 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), announces that its fully owned subsidiary LLC Sistema Telecom Assets has acquired 32.4% of the share capital of OJSC Sintez, a subsidiary of pharmaceutical holding company Binnopharm Group (controlled by Sistema), from JSC National Immunobiological Company ("Nacimbio", controlled by State Corporation RosTec).

Key Points: 
  • 31 March 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), announces that its fully owned subsidiary LLC Sistema Telecom Assets has acquired 32.4% of the share capital of OJSC Sintez, a subsidiary of pharmaceutical holding company Binnopharm Group (controlled by Sistema), from JSC National Immunobiological Company ("Nacimbio", controlled by State Corporation RosTec).
  • "Increasing our ownership stake in OJSC Sintez is consistent with Sistema's strategy of strengthening our position on the pharmaceuticals market and transforming Binnopharm Group into an industry leader.
  • The sale of an equity interest in OJSC Sintez, which specialises in synthetic medicines and medical devices, forms part of this strategy.
  • Binnopharm Group owns a 56.2% stake in OJSC Sintez.

EQS-News: PJSC Mechel : Mechel Announces Filing with SEC 2020 Annual Report (Form 20-F)

Retrieved on: 
Friday, March 19, 2021
Mechel, Ferroalloy, Iron ore, Companies, 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.

Sberbank: Оn Holding a Meeting of the Supervisory Board of the Issuer and Its Agenda

Retrieved on: 
Friday, March 19, 2021
Sberbank of Russia, Corporate governance, Supervisory board, Companies, Economy of Russia, Business

On reviewing matters related to preparing and holding the Annual General Meeting of Shareholders of Sberbank on 2020 performance:

Key Points: 
  • On reviewing matters related to preparing and holding the Annual General Meeting of Shareholders of Sberbank on 2020 performance:
    4.1.
  • On reviewing the candidates to the Supervisory Board proposed by the shareholders of Sberbank to be elected at the Annual General Meeting of Shareholders of Sberbank on 2020 performance.
  • On the agenda of the Annual General Meeting of Shareholders of Sberbank on 2020 performance.
  • On reviewing amendments to the Regulations on Remuneration and Compensation Payable to the members of the Supervisory Board of Sberbank.

C-Bond Systems Promotes Allison Tomek to President and Member of its Board of Directors

Retrieved on: 
Monday, March 15, 2021
Cbonds, Economy of Russia, CBNT-DT, Tomek, Allison

HOUSTON, March 15, 2021 (GLOBE NEWSWIRE) -- C-Bond Systems (the Company or C-Bond) (OTC: CBNT), a nanotechnology solutions company, today announced that it has promoted Allison Tomek to President of the Company and added her as a member of its Board of Directors.

Key Points: 
  • HOUSTON, March 15, 2021 (GLOBE NEWSWIRE) -- C-Bond Systems (the Company or C-Bond) (OTC: CBNT), a nanotechnology solutions company, today announced that it has promoted Allison Tomek to President of the Company and added her as a member of its Board of Directors.
  • She joined C-Bond Systems in March 2018 as Vice President of Corporate Communications and Corporate Secretary.
  • Tomek will succeed Vince Pugliese as the Companys President and board member.
  • Contact: Allison Tomek C-Bond Systems 6035 South Loop East Houston, TX 77033 [email protected] Brokers and Analysts: Chesapeake Group 410-825-3930 [email protected]

EQS-News: PJSC Mechel : Mechel Launches New Longwall at Southern Kuzbass

Retrieved on: 
Monday, March 15, 2021
Mechel, Ferroalloy, Iron ore, Companies, 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.