MOSCOW, Dec 1 (PRIME)
Russian official says large privatization deals unreasonable nowMOSCOW, Dec 1 (PRIME) -- Large privatization deals are unreasonable right now due to the difficult economic situation, external pressure and volatility at the country’s stock market, Olga Dergunova, the director of Russia’s Federal State Property Management Agency, said Tuesday at a forum.
Russia bans Turkish produce imports, wants prices not to rise
MOSCOW, Dec 1 (PRIME)Russian Prime Minister Dmitry Medvedev has banned imports of Turkish fruit and vegetables, including citruses, from 2016 and ordered the Industry and Trade and the Agriculture ministries to ensure that prices do not rise as a result, the government said in a statement Tuesday.
Novatek launches commercial production at northern Russian field
MOSCOW, Dec 1 (PRIME)Russian independent gas producer Novatek has launched commercial production at the Yarudeiskoye oil field in the Yamalo-Nenets Autonomous District, the company said in a press release on Tuesday.
Russia’s Sberbank, Mechel mull out-of-court deal on $224 mln suit
MOSCOW, Nov 30 (PRIME)Russia’s biggest bank Sberbank and metals and mining group Mechel told the Moscow Arbitration Court they are holding negotiations on an out-of-court agreement over the bank’s U.S. $224 million suit against the company, according to information obtained by PRIME in the court Monday.
FOCUS: Tele2 to step up first to sell SIMs via Ulmart, ‘big three’ may follow
MOSCOW, Nov 30 (PRIME)Russian mobile operator Tele2 will launch SIM card sales via Ulmart, one of the country’s biggest online sellers, in December in a trial balloon as companies are engaging new partners to ramp up sales. Analysts say that although the online distribution channel is expensive, it will serve to raise Tele2’s market share in Moscow, whose lucrative market the operator entered only in late October.
MOSCOW, Nov 16 (PRIME) -- China Merchants Group is interested in joining Russia’s Big Zarubino Port project, Trade Representative Alexei Gruzdev said in an interview to PRIME on Monday.