Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

05/27 05:00   Russia and CIS political and economic calendar: May 27
 
05/26 23:04   U.S. played role in imposing European sanctions on Russia - Marine Le Pen
 
05/26 22:46   Conflict in Syria cannot be settled without Moscow, Tehran - opposition member
 
05/26 22:43   Syrian opposition ready for talks with regime, but not with Assad - opposition group leader
 
05/26 22:39   Participants in Syrian opposition talks in Astana plan to sign final document - opposition group leader
 
05/26 22:32   Aircraft preparing for combat use as part of Central Military District inspection - Russian Defense Ministry (Part 2)
 
05/26 22:20   Anti-aircraft missiles, bombing raids to be practiced in ongoing drills in central Russia (Part 2)
 
05/26 22:14   Stoltenberg assures Obama that NATO is helping to strengthen Ukraine's defense capability
 
05/26 22:13   Russian, Indian defense ministers discuss arms trade - ministry
 
05/26 22:07   Putin doesn't possess detailed info regarding Dynasty Foundation - spokesman (Part 2)
 




 

Interfax.com  |  Interfax news  |  Moscow press review for June 3, 2014


News headlines


June 03, 2014 09:15

Moscow press review for June 3, 2014

MOSCOW. June 3 (Interfax) - The following is a digest of Moscow newspapers published on June 3. Interfax does not accept liability for information in these stories.

POLITICS & ECONOMICS

Ukraine has announced plans to freeze and seize the assets of Russian companies in the country and abroad as a way to compensate for damages resulting from the loss of Crimea, which it puts at $92 billion. Lawyers believe Ukraine's legal position is weak, but companies acknowledge that Ukraine is capable of anything in the current situation and its new law on occupied territories sets the legal foundation for confiscating even private assets (Kommersant, p. 1).

Russia's Federal Security Service (FSB) is offering a concession to Internet companies that, under the new law on bloggers, must now store data about their visitors for six months. They can avoid the cost of expensive equipment required for this if they give the FSB constant access to any information about users, with the exception of correspondence, on a voluntary basis (Kommersant, p. 1).

President Vladimir Putin awarded medals to businessmen and the heads of state companies, including billionaires Vladimir Potanin, Viktor Vekselberg and Oleg Deripaska, Gazprom CEO Alexei Miller and Russian Railways head Vladimir Yakunin, for their contributions to preparations for the Sochi Olympics. The awards were handed out behind closed doors in March with a presidential decree that was never published (Vedomosti, p. 1).

Russian Defense Minister Sergei Shoigu has sent a proposal to President Vladimir Putin to eliminate the Federal Defense Contracts Service, which is overseen by Deputy Prime Minister Dmitry Rogozin, and divide up its responsibilities among other agencies. The government disagrees, believing the service is effective in its current form (Kommersant, p. 1).

Divisions of the Russian Interior Ministry's chief economic crimes department and the corresponding Moscow department will soon be outsourced due to staff cuts. The reorganization will paralyze inspections of businesses for two to three months, after which they are expected to resume with renewed vigor (Vedomosti, p. 2).

The draft program for the development of Crimea is continuing to grow in cost. Russia's Regional Development Ministry is now proposing to spend 1.15 trillion rubles by 2020, including 1.1 trillion rubles from the federal budget. Other government agencies believe this is too costly. The draft is supposed to be ready by July 1 (Vedomosti, p. 4).

OIL & GAS

Russia has given Ukraine and the EU another week to work out conditions for gas supplies, postponing the switch to prepayment for gas by Ukraine until June 9. Kyiv is still demanding a price cut and has refused to immediately pay down $1.5 billion in debt as demanded by Moscow and Brussels. The deferral increases the chances of a compromise, but will also bolster Ukraine's negotiating position as it will use the extra time to pump more gas into storage (Kommersant, p. 8).

UTILITIES

The Federal Grid Company has found a way to acquire new grid infrastructure almost for free. Polyus Gold, Russia's biggest gold producer plans to spend 2 billion rubles on building a power line and substation in Siberia to boost production at its Blagodatnoye mine. FGC will oversee construction and then buy out the infrastructure over ten years with tariff revenue. The grid monopoly hopes to reach similar deals with transport companies (Kommersant, p. 8).

METALS & MINING

A Cyprus court has frozen 67.37% of shares in Russian steel and coal group Mechel in a lawsuit filed by a shareholder of one of the financially troubled company's subsidiaries. A minority shareholder of Razrez Tomusinsky is challenging loans the mine gave to the parent company, which is struggling under a net debt of $8.6 billion (Vedomosti, p. 11).

BANKING, FINANCE & INSURANCE

Alfa Bank is preparing to become the first Russian issuer to return to the global capital market since the start of the Ukrainian crisis. The bank wants to raise 600 million euros with a Eurobond offering. The bank is promising not to use the raised money to fund actions or persons subject to U.S. and EU sanctions (Vedomosti, p. 1).

Russian conglomerate Sistema, the principal shareholder of Mobile TeleSystems (MTS), is looking to buy another bank as part of a strategy to turn its MTS Bank into one of the country's top-15 lenders. One of the banks Sistema is reportedly interested in is Unicredit Bank (Vedomosti, p. 11).

REAL ESTATE & CONSTRUCTION

Russian tycoon Ziyad Manasir has sold his main asset - a controlling interest in engineering and construction group Stroygazconsulting (SGC), until recently one of the biggest contractors for gas giant Gazprom, to Ruslan Baisarov. The deal, reportedly worth about $5 billion, will be closed following regulatory approval (Kommersant, p. 7; Vedomosti, p. 10).

TELECOMMUNICATIONS, MEDIA & TECHNOLOGY

Rostec plans to increase its stake in MegaFon, one of Russia's top three mobile operators, to 5% by the end of this year and to 10% in two or three years. The state corporation could buy the shares on the market or from other shareholders, such as the operator's wholly owned subsidiary Megafon Investments (Vedomosti, p. 10).

Mikhail Prokhorov's Onexim Group and Boris Jordan's Sputnik have pulled out of the crowd sourcing platform Witology, one of the founders of which was Public Opinion Foundation president Alexander Oslon. They have sold their combined stake of almost 50% to company management (Kommersant, p. 7).

Interview: Artyom Kudryavtsev, President of TransTeleCom (Vedomosti, p. 8).

Vp ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

May 27, 2015
 
05:00
Russia and CIS political and economic calendar: May 27
 
May 26, 2015
 
23:04
U.S. played role in imposing European sanctions on Russia - Marine Le Pen
 
22:46
Conflict in Syria cannot be settled without Moscow, Tehran - opposition member
 
22:43
Syrian opposition ready for talks with regime, but not with Assad - opposition group leader
 
22:39
Participants in Syrian opposition talks in Astana plan to sign final document - opposition group leader
 
22:32
Aircraft preparing for combat use as part of Central Military District inspection - Russian Defense Ministry (Part 2)
 
22:20
Anti-aircraft missiles, bombing raids to be practiced in ongoing drills in central Russia (Part 2)
 
22:14
 
22:13
Russian, Indian defense ministers discuss arms trade - ministry
 
22:07
Putin doesn't possess detailed info regarding Dynasty Foundation - spokesman (Part 2)
 
22:01
Kremlin spokesman: Media reaction to Dynasty Foundation's listing as foreign agent exaggerated (Part 2)
 
21:58
Russia opens 40 criminal cases against Ukrainian leaders, military personnel - official
 
21:57
Nazarbayev sure Russia wants to overcome crisis related to Ukraine as soon as possible
 
21:54
French CEOs say determined to keep doing business in Russia
 
 more headlines 



Interviews
 

.
Head of the European Union delegation to Russia Vygaudas Usackas has given an interview to Interfax in which he said that the EUs Eastern Partnership policy is not directed against Moscow, expressed hope that Russias position on illegal immigration will be constructive and criticized Russias new law on unwelcome foreign organizations.

more
.
.
U.S. Ambassador to Russia has given an interview to Interfax foreign political desk chief Olga Golovanova ahead of the V-Day celebration due in Moscow on May 9 in which he praises joint effort in defeating fascism and says that U.S. President Barack Obama hopes for improving relations with Russia in the future.

more
.
.
UN Secretary General Ban Ki-moon, who will attend celebrations of the 70th anniversary of the Great Patriotic War Victory on May 9 in Moscow, has given an interview to Interfax correspondents Alexander Korzun and Andrei Baranovsky ahead of his visit to Russia.

more

 
  
 ©   1991—2015   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100