Search Results for: Russian

BY MARK ROWE
RUSSIAN Aluminium has held talks with the country’s state-owned rail monopoly Russian Railways (RZD) with a view to their cooperation in mining ferrous-titanium ore in Siberia. RZD has invested Roubles 8.5 billion (US$298 million) in building a rail link to the Chineiskoye field in the Chita region, just east of Lake Baikal.…

BY MARK ROWE
MORE than 4,000 fake Cuban cigars on sale in tobacco stores across in Moscow have been seized in an anti-counterfeit operation. Police from the economic crimes department of Russia’s interior ministry confiscated a total of 20 counterfeit brands worth Roubles 2.8 million (US$1 million).…

BY MARK ROWE
RUSSIAN gold exports fell by 27 per cent last year, mainly because the country’s central bank sold none of its gold, according to the Russian Union of Gold Producers. Exports of gold dropped to 150 tons, from 191 tons in 2002, though gold production increased to 176.9 tons from 170.9 tons.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend Euro 22 million to Serbia & Montenegro pharmaceutical company Hemofarm Koncern a.d. (Hemofarm) to finance the construction of a new solid forms packaging and production facility in Obninsk, Russia.…

BY MARK ROWE
THE RUSSIAN diamond producer ALROSA has obtained a license for exploring diamond deposits in the Irkutsk region of eastern Siberia around lake Baikal. ALROSA has traditionally mined the northern province of Yakutia since the 1940s but those deposits are understood to be nearing depletion.…

BY MARK ROWE
RUSSIAN smokers have undergone a quantum leap in the past 10 years. From smoking the notorious unfiltered Soviet-era papirossi, they now have a wide choice of international brands, for whom this liberalisation has been commercially significant. Russia remains one of the more appealing markets for tobacco companies, with fewer barriers and, for the time being, a fairly laissez faire approach to advertising, as well as a burgeoning middle class with the disposable incomes to afford premium cigarettes.…

BY KEITH NUTHALL
MEPs are heading off a move by European Union (EU) ministers to agree without consultation pared-back legislation on guaranteeing the security of gas supplies during a European crisis. The European Parliament’s industry committee has voted narrowly to refuse a EU Council of Ministers bid to approve the heavily amended legislation without further input from MEPs.…

BY MARK ROWE
RUSSIA is lifting export duties on unalloyed aluminium and primary aluminium alloys. The export duty on raw aluminium will amount to 5 per cent, while unalloyed aluminium and primary aluminium alloys will be exported duty free, according to a statement issued by the Russian government’s information department.…

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

BY MARK ROWE
The Russian book market saw brisk business in the run up to Christmas, with the heavyweights of Russian literature holding their own against the increasing popularity of modern literature, particularly a number of new works by female authors.…