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Moscow Exchange IFRS net profit rises 25% to 25 bln rbl in 2020

The net profit of Russias Moscow Exchange grew by 24.6% on the year to 25.17 billion rubles in 2020, as calculated under International Financial Reporting Standards (IFRS), the bourse said in a statement on Friday.

Source: OPEC+ agrees on oil output rise by Russia, Kazakhstan Apr

The OPEC+ states agreed on an oil output increase for Russia by 115,000 barrels per day and for Kazakhstan by 18,000 barrels per day in April, and the other members will retain their output under the oil production cut deal unchanged, a source with one of the delegation at the OPEC+ ministerial meeting told PRIME on Thursday.

Core owner buys oil engineering plant from ChelPipe for 1.2 bln rbl

Andrei Komarov, core owner of Russias Chelyabinsk Pipe Plant (ChelPipe), has acquired 100% in ChelPipes oil engineering plant Rimera-Alnas for 1.173 billion rubles, the company said in a statement on Friday.

Ministry: Russia wants foreign IT firms to pay personal income tax

Russia may oblige foreign IT companies engaging offshore employees to pay personal income tax from their salaries as a part of the second package of support measures for the local IT industry, a spokesperson for the Digital Development Ministry told PRIME on Friday.
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MOSCOW, Feb 4 (PRIME) -- The current financial condition of one of Russias largest retailer Magnit allows the company to combine expansion, a comfortable debt burden, and payment of good dividends, CEO Jan Dunning said in an interview to PRIME published on Thursday.
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