Search Results for: Russian

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked by the European Commission to impose definitive anti-dumping duties of 23.6 per cent on imports from Russia of imports of silicon (with silicon content less than 99.99 per cent by weight).…

Keith Nuthall
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend up to US$12.25 million to JSC Narzan, a leading Russian mineral water producer, based in Kislovodsk, the Stavropol region. The financing would help Narzan expand bottling capacity, develop new products and satisfy working capital needs, said an EBRD memorandum.…

BY MARK ROWE
RUSSIA’S Urals Mining and Metals Company (UGMK) has bought the nation’s second largest zinc smelter, Elektrotsink. UGMK, which is headed by entrepreneur Iskander Makhmudov, said it intends to invest in production at the zinc smelter factory and produce up to 85,000 metric tons of zinc at Electrotsink this year.…

BY MARK ROWE
PRODUCTION of vodka and other hard liquors dropped in Russia last year, as the country’s bourgeoning middle class continued to choose more upmarket drinks. Analysts believe the trend may reflect the improvement of the Russian economy and the greater disposable incomes of white-collar workers.…

BY MARK ROWE
IKEA’s store in the Russian city of St. Petersburg will undergo an environmental audit to avert the threat of closure by the country’s Natural Resources Ministry. Facing the unlikely scenario of the Swedish furniture giant having to close a branch by breaking Russian environmental laws, IKEA has hired a firm to conduct the audit to comply with state regulations.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is teaming up with Japanese-owned Sumitec International to create a US$45 million facility, providing lease financing for Russian companies expanding or modernising their mining equipment. The scheme will especially focus on Siberia and other far-east regions of Russia, which – said a bank memorandum – “are currently under-serviced by the leasing industry.”…

BY KEITH NUTHALL
2) An ageing, rusty Russian oil tanker has left Latvia, despite European protests. Spain and the European Commission, which have expressed grave fears about the single-hull Geroi Sevastopolya, had asked the Baltic state to halt its departure from the Ventspils port and immediately adopt an EU ban on such vessels.…

BY MARK ROWE
THE LARGEST museum in the world and – arguably – the grandest of them all, the State Hermitage Museum in St Petersburg is returning to its roots. In the middle of a long and painstaking modernisation process, the Russian museum is striving, in addition to the urgent physical restoration required to bring the museum into the 21st century, to recapture the ambience of its Imperial origins, when its vast palaces were the residence of the Tsars.…

BY MARK ROWE
RUSSIA has tightened its meat import quotas for 2004 as part of a policy to cut food imports and encourage domestic livestock breeding. The Russian Meat Union said the approach had helped its poultry sector in 2003 and was being now being extended.…

BY KEITH NUTHALL
THE INSTITUTE for Energy, (part of the European Commission’s Joint Research Centre), has signed a deal with the EuropeAid Cooperation Office to help implement large scale on-site modernisation projects at Russian and Ukrainian nuclear power plants, that include making improvements to design safety.…