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Russian central bank keeps key rate at 11% on high inflation risks

MOSCOW, Apr 29 (PRIME)
The Russian central bank has kept the key rate at 11% because inflation risks are still too high to reduce it further as inflation expectations are shrinking only slowly, uncertainty about budget revenues and ambiguous dynamics of nominal wages, it said in a statement on Friday.

CEO says Russias Lukoil still interested in buying Bashneft

ST. PETERSBURG, Apr 29 (PRIME)
Russian oil major Lukoil is still interested in the purchase of a stake in oil company Bashneft even under the current oil prices of close to U.S. $50 per barrel, CEO Vagit Alekperov told reporters Friday.

Russias Chelyabinsk Zinc Plant IFRS net profit jumps 59% in 2015

MOSCOW, Apr 29 (PRIME)
The net profit of Russias Chelyabinsk Zinc Plant jumped 59% on the year to 3.750 billion rubles in 2015, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement Friday.
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MOSCOW, Apr 26 (PRIME) -- Russias Chelyabinsk Pipe-Rolling Plant (ChelPipe) plans to increase revenue by 6.5% on the year to 158 billion rubles in 2016, majority shareholder Andrei Komarov told PRIME in an interview on Tuesday.
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