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Russian Ministry offers to differentiate aid to car producers

Russias Economic Development Ministry wants to split state support to car producers under special investment contracts into categories depending on their plans, according to a letter by the ministry to the Industry and Trade Ministry, seen by PRIME on Friday.

Official says US sees Europes support of N Stream-2 unacceptable

Washington believes that the E.U. support of Russias Nord Stream-2 natural gas pipeline is unacceptable, U.S. Assistant Secretary of State for European and Eurasian Affairs Wess Mitchell said late on Thursday at the Atlantic Councils meeting.

Severstal IFRS net profit surges 86% to $1.473 bln in JanSep

The net profit of Russian steelmaker Severstal surged 86% on the year to U.S. $1.473 billion in JanuarySeptember, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Yandex cap loses 90 bln rbl on Sberbank acquisition rumors

Capitalization of Russian Internet company Yandex tumbled by almost 90 billion rubles within two days in the wake of media reports on a possible sale of up to 30% of the company to the countrys biggest bank Sberbank, PRIME said on Friday.
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VLADIVOSTOK, Sep 13 (PRIME) -- Russian Posts new strategy envisages increasing revenue by 80 billion rubles to over 270 billion rubles by 2023, CEO Nikolai Podguzov said in an interview with PRIME on the sidelines of the Eastern Economic Forum on Thursday.
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