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PM says Russia to invest 323 bln rbl in highways in 2019

GORKI, Moscow Region, Sep 24 (PRIME)
The Russian budget will provide 323 billion rubles to fulfill a plan of modernization and extension of the highway infrastructure in 2019, Prime Minister Dmitry Medvedev said at a meeting on strategic development and national projects on Monday.

Novatek dispatches debut LNG shipment to Brazil

Novatek Gas and Power Asia, a subsidiary of Russian independent gas producer Novatek, has shipped debut liquefied natural gas (LNG) from the Yamal LNG facility to Brazil, Novatek said in a statement on Monday.

US extends deadline for deals with En+, RUSAL until Nov 12

The U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russias En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said on September 21.

FOCUS: RDIF, MegaFon, Mail.Ru, Alibaba uniting strengths to harness e-commerce boom

A galloping pace of e-commerce has inspired the Russian Direct Investment Fund (RDIF), local mobile operator MegaFon, and Internet company Mail.Ru Group to set up a joint venture with Chinese behemoth Alibaba, mainly around its AliExpress. Analysts said the business, roughly valued at U.S. $2 billion, would certainly benefit Mail.Ru Group with its popular social networks, while MegaFon could reap a harvest later.
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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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