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Min: Big 3 agencies to award Russia invest-grade ratings in 2018

TOKYO, Feb 22 (PRIME)
All the Big Three credit rating agencies -- Fitch, Moody's and S&P -- will assign Russia investment-grade ratings until the end of 2018, Economic Development Minister Maxim Oreshkin said on Thursday.

Novatek IFRS net profit falls 39% to 156 bln rbl in 2017

MOSCOW, Feb 21 (PRIME)
The net profit of Russian independent gas producer Novatek fell 39% to 156.4 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said on Wednesday.

Polymetal signs deal to sell gold concentrate from Kyzyl field

MOSCOW, Feb 21 (PRIME)
Russian gold producer Polymetal International has signed the first sales contract for its Kyzyl field in Kazakhstan and will sell gold concentrate to a partner that has been buying much gold concentrate from the Maisky field for over two years, the company said in a statement on Wednesday.

VimpelComs owner VEON revenue dips 1.4% to $2.32 bln in OctDec

MOSCOW, Feb 22 (PRIME)
Total revenue of Amsterdam-based VEON, the sole owner of Russian mobile operator VimpelCom, decreased 1.4% on the year to U.S. $2.32 billion in OctoberDecember 2017, mainly due to a significant devaluation of the Uzbek som, the company said on Thursday in a statement.
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MOSCOW, Feb 20 (PRIME) Financing of a target program of satellite constellation will amount to 132 billion rubles by 2025, Oleg Dukhovnitsky, head of the Federal Communications Agency, told PRIME in an interview on Tuesday.
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