Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

07/26 20:41   Abkhaz president accepts Artur Mikvabia's resignation as PM
 
07/26 20:41   Poroshenko proposes to Hollande, Merkel to agree upon 'roadmap' for implementation of Minsk Agreements
 
07/26 20:28   Domestic dispute out of disagreement over apartment division behind shootout that leaves police captain dead in Ingushetia - source
 
07/26 20:26   Russian, U.S. experts working on document to help fight Jabhat al-Nusra in Syria more efficiently - Russian diplomat
 
07/26 20:06   One killed in shootout following domestic dispute among law enforcement officers in Ingushetia - source
 
07/26 19:58   FGC net profit jumps 12-fold to 16.36 bln rubles in H1; EBITDA at 62.2 bln rubles (Part 2)
 
07/26 19:53   Ruble declines for sixth straight day on oil
 
07/26 19:52   Main indexes of the Russia stock market for July 26
 
07/26 19:49   Russia, U.S. have "promising" ideas regarding military cooperation in Syria - Russian diplomat
 
07/26 19:45   RUSSIAN, U.S. EXPERTS WORKING ON DOCUMENT TO HELP FIGHT MORE EFFICIENTLY AGAINST JABHAT AL-NUSRA - GATILOV
 




 

Interfax.com  |  Interfax news  |  Moscow press review for July 1, 2014


News headlines


July 01, 2014 09:32

Moscow press review for July 1, 2014

MOSCOW. July 1 (Interfax) - The following is a digest of Moscow newspapers published on July 1. Interfax does not accept liability for information in these stories.

POLITICS & ECONOMICS

President Vladimir Putin and President Petro Poroshenko agreed on Monday to push for a bilateral ceasefire agreement between Kyiv and rebels in southeastern Ukraine. Putin also proposed Ukrainian border guards and OSCE observers monitor the border on the Russian side in the area of the insurgency. Moscow's increased involvement in de-escalating the Ukrainian crisis will essentially deprive the West of reasons to toughen sanctions against Russia (Kommersant, p. 1).

Russia's Federal Anti-Monopoly Service has prepared a method to determine monopolistically high prices on resource markets, and at major metals and building materials. This will help companies avoid claims from the regulator, analysts believe (Vedomosti, p. 12).

OIL & GAS

Russian gas giant Gazprom might get a stake in one of Wintershall's assets in Argentina in a deal that might be part of an asset swap with the German company's parent BASF. One of the main options is the already operating Carina and Aries offshore fields. Legally binding documents might be signed in mid-July (Vedomosti, p. 12).

UTILITIES

Having the former wife of Rosneft president Igor Sechin as a shareholder has not saved Arkhenergosbyt from criticism at the highest levels. President Vladimir Putin has ordered the government to consider replacing the electricity supplier of last resort in Arkhangelsk Region at the request of the governor (Kommersant, p. 9).

Russian Grids is seeking to change the principles for compiling its investment programs and tariff regulation. Due to government decisions the group's companies have repeatedly had to postpone investment. Deferred investments will reach 168 billion rubles by 2017 and in order to factor them in without a steep hike in tariffs the group is proposing to extend the period of regulatory asset base regulation to eight-ten years (Kommersant, p. 11; Vedomosti).

Interview: Andrei Murov, CEO of Federal Grid Company (Kommersant, p. 14).

METALS & MINING

The Fesco Group, a division of Ziyavudin Magomedov's Summa Group, has signed a memorandum with UC Rusal on the construction of an alumina terminal for 2 million tonnes at the Zarubino port in Russia's Far East. In order to join the project, the heavily indebted aluminum giant will have to find money or guarantee transshipment volumes (Kommersant, p. 11).

BANKING, FINANCE & INSURANCE

Despite the revival on Russia's domestic debt market, bond offerings in the second quarter of 2014 were down by almost half year-on-year to about 320 billion rubles, largely due to the reduction of OFZ federal bond placements. The only market segment to show some growth compared to last year was offerings of sub-federal bonds, which do not create a significant burden on bank balance sheets (Kommersant, p. 9).

The Russian Central Bank's commission for selecting the technology foundation for a national payment card system, unable to choose between Zolotaya Korona and Sberbank's UEC, has put off the decision by a month. The reason for the delay is a desire to shift the responsibility for the decision onto the future head of the payment system operator, as well as the Central Bank's lingering desire to build the system from scratch (Kommersant, p. 10).

Russian banks are in a bind, as it is becoming ever more difficult to increase their loan portfolios, while the share of bad debts is continuing to grow. In May the share of nonperforming retail loans rose from 6.8% to 7.1%, the highest figure since June 2011. But at that time loan portfolios were smaller, so the amount of NPL has soared 150% to 723.4 billion rubles (Vedomosti, p. 11).

RETAIL & CONSUMER MARKET

Rostec not only wants to become Russia's only supplier of vaccines for the national immunization calendar, but also their only manufacturer. The state corporation and Healthcare Ministry are proposing to set up production of vaccines at state enterprise NPO Mikrogen. Government spending on vaccines grew to 11.2 billion rubles in 2014 and could increase further in 2015-2016 (Vedomosti, p. 1).

AliExpress, a leader in online retail sales between China and Russia that is owned by China's Alibaba.com, has selected Yandex.Money as a partner and will begin accepting payments through the Russian service as of July 1. The payment system expects to boost turnover in the retail segment by about 10% in the first month of working with AliExpress (Vedomosti, p. 11).

Interview: Charles, Earl of March, CEO of Goodwood Estate Company (Vedomosti, p. 8).

TELECOMMUNICATIONS, MEDIA & TECHNOLOGY

Russian legislators battling pirated content are proposing to impose fines not only on hosting providers and website owners, but also on regular Internet users. Under the proposed amendments, downloading or even reposting a video or photograph could cost users up to 2,000 rubles. Online streaming of sporting events might also fall under the law (Kommersant, p. 1; Vedomosti, p. 10).

Igor Putin, the cousin of Russian President Vladimir Putin, has been appointed to the board of Communications for Innovations, the flagship company of Inoventica, an IT group that is developing cloud computing technologies. The company hopes he will help raise investment and implement the group's new strategy (Kommersant, p. 1).

Potential buyers of Sanoma's stakes in Sanoma Independent Media, one Russia's largest publishing houses, and Sanoma Media Ukraine will have to submit preliminary bids this week. Citibank, acting on behalf of the Finnish company, is reportedly in talks with five suitors (Vedomosti, p. 10).

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:

July 26, 2016
 
20:28
Domestic dispute out of disagreement over apartment division behind shootout that leaves police captain dead in Ingushetia - source
 
20:26
Russian, U.S. experts working on document to help fight Jabhat al-Nusra in Syria more efficiently - Russian diplomat
 
20:06
One killed in shootout following domestic dispute among law enforcement officers in Ingushetia - source
 
19:58
FGC net profit jumps 12-fold to 16.36 bln rubles in H1; EBITDA at 62.2 bln rubles (Part 2)
 
19:53
Ruble declines for sixth straight day on oil
 
19:52
Main indexes of the Russia stock market for July 26
 
19:49
Russia, U.S. have "promising" ideas regarding military cooperation in Syria - Russian diplomat
 
19:45
RUSSIAN, U.S. EXPERTS WORKING ON DOCUMENT TO HELP FIGHT MORE EFFICIENTLY AGAINST JABHAT AL-NUSRA - GATILOV
 
19:39
Demand for Sibur Holding bonds exceeds offering 100%
 
19:39
OFFICIALS FROM RUSSIAN DEFENSE MINISTRY, PENTAGON DISCUSS ADDITIONAL MEASURES TO MAINTAIN SECURITY IN SYRIAN AIRSPACE, AGREE TO CARRY ON WITH CONTACTS - RUSSIAN DEFENSE MINISTRY
 
19:38
RUSSIA-U.S. MEMORANDUM ON PREVENTION OF INCIDENTS IN SYRIAN AIR SPACE DEMONSTRATES ITS HIGH EFFECTIVENESS - RUSSIAN DEFENSE MINISTRY
 
19:37
MICEX index rises on ruble weakening; Magnit, Russian Grids extend gains
 
19:34
Results of Interregional Trading for OFZ & OBR
 
19:33
Aggregated results for trading of shares in Moscow Exchange
 
 more headlines 



Interviews
 

.
NATO Secretary General Jens Stoltenberg has given an interview to Interfaxs correspondent Alexander Korzun ahead of the alliances summit in Warsaw due on July 8-9 in which he speaks about place of the Russian topic on the summits agenda and Russia-NATO relations in general.

more
.
.
Israeli Prime Minister Benjamin Netanyahu has given an interview to Interfax ahead of his visit to Russia in which he speaks about the influence that his personal relationship with Russian President Vladimir Putin have on the development of interstate ties, about Israels plans regarding new gas fields and said that Israel will into allow Syria to turn into a source of aggression. This will be Netanyahus third visit in under a year.

more
.
.
Indonesian Ambassador to Russia Wahid Supriyadi has given an interview with Interfax in which he speaks about the results of the Russia-ASEAN summit, prospects for achieving an agreement on oil production freeze in OPEC, Indonesian-Russian military and technological cooperation and the launch of direct air communication between Indonesia and Russia.

more

 
  
 ©   1991—2016   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