The Moscow Times: Far East Investments Aim at Asian Market
http://www.themoscowtimes.com/business/article/far-east-investments-aim-at-asian-market/391188.html
10 December 2009
By Maria Antonova
Russian Railways subsidiary Rusagrotrans plans to invest in a grain terminal to boost exports to Asian markets, but it may face competition from similar projects initiated by Japanese investors interested in Russian grain.
Rusagrotrans is looking at ports in Vanino, Zarubino and Vladivostok, and estimates the terminal “including sea components, rail infrastructure and elevator” to cost $10 million, Rusagrotrans deputy CEO Oleg Rogachyov said, Interfax reported. It was not clear how much the company was willing to contribute or who would become its partners.
A terminal with capacity of 1.5 million to 3 million metric tons per year would be optimal in the Far East, Rogachyov said.
Another grain terminal could be constructed in Slavyanka, a port in the Primorye region, by Berkut and Japanese firm Link Far East. The terminal will be operated by a joint venture of the two companies, which will invest “several million dollars” into the project, Berkut head Viktor Pokotilov said. The joint venture will be created after Dec. 20.
Siberian Agricultural Holding and Mitsui & Co. are also considering investing up to 20 million euros ($29.5 million) in a terminal, Interfax reported.
Rusagrotrans and the Unified Grain Company signed a strategic partnership agreement in October as part of Russia’s goal to modernize the grain industry and increase its export capacity. To raise exports to 40 million tons a year, Russia needs to invest 100 billion rubles ($3.2 billion) into infrastructure before 2015, Rusagrotrans said in a report published in mid-October. A total of 61 billion rubles should be spent on building grain elevators, 20 billion rubles on train cars and 19 billion rubles on two new ports, the company said.
There is currently a grain glut in Russia, but export capability is limited by outdated and insufficient logistical infrastructure, said Viktor Karnushin, head of the Lipetsk branch of the Agro-Invest holding. “The Asian market is one of the most attractive right now,” he said. “But shipping grain to the Far East across the entire country using our rail network may be problematic.”
Poor transportation, a deficit of long-term storage capacity, and an absence of deep-water ports are the biggest problems in the grain market infrastructure, said Maxim Klyagin, an analyst with Finam Management.
The Unified Grain Company is asking for 45 billion rubles to develop infrastructure, “including to create a far eastern corridor for delivering grain to Southeast Asian countries,” president Arkady Zlochevsky said in Sochi on Wednesday.
The company’s strategy has been approved by the Agriculture Ministry and is currently in the process of being approved by the Economic Development Ministry, said Aram Gukasyan, the firm’s deputy head.
Itar-Tass: Chukotka reports biggest cost of food basket in Russia
http://www.itar-tass.com/eng/level2.html?NewsID=14624851&PageNum=0
09.12.2009, 23.39
ANADYR, December 9 (Itar-Tass) -- The cost of the minimum food basket (includes 33 items) in the Chukchi Autonomous District is the biggest in Russia and has amounted to 6,540.7 roubles (USD 1 = RUB 30.75) up to date.
The regional statistics department has already received the first results of Tuesday’s inspection of several food stores in the autonomous district. It was the 12th inspection this year.
Inspectors paid special attention to 429 food items sold in Chukotka’s major cities – Anadyr and Bilibino.
The increase in prices was the highest for potato and amounted to 43 percent to 63 roubles per kilogram, as compared to 44 roubles per kilogram in 2008.
The inspection showed that the price of cabbage had not changed and totalled 65 roubles per kilogram.
Prices of wheat bread and milk had grown at the same pace and amounted to 66 roubles.
The average price of sausages is 500 roubles per kilogram.
Prices of oranges and bananas exceed 200 roubles.
Specialists of the statistics department will analyze how the price of the basic foodstuffs has changed, Chief Expert of the Price and Finance Department at the Chukotka administration Irina Sinelnik said.
They will sum up the results of the monthly inspections to derive the cost-of-life indicator in the autonomous district.
Interfax: Perm nightclub fire death toll rises to 131
http://www.interfax.com/newsinf.asp?id=135077
PERM. Dec 10 (Interfax) - The number of people killed by a fire at The Lame Horse nightclub in Perm early on December 5 has reached 131, the Perm territorial administration told Interfax on Thursday.
Two people recently died at Moscow hospitals and one more in a St. Petersburg hospital, it said.
A hundred other fire victims remain in hospital.
RIA: Attackers in Ingushetia miss military vehicle, hit private home
http://en.rian.ru/russia/20091210/157181674.html
10:0610/12/2009
ROSTOV-ON-DON, December 10 (RIA Novosti) - Militants in the southern Russian republic of Ingushetia bombed a private home instead of their intended target of a military vehicle, a local police spokesman said on Thursday.
The incident took place at about 6:00 p.m. Moscow time [15:00 GMT] on Wednesday. There were no reports of injuries or deaths from the attack.
The attackers using a grenade launcher initially targeted a UAZ vehicle carrying Russian Defense Ministry soldiers but missed and struck the roof of a private home.
"Nobody was injured there, a search for the criminals is underway," the spokesman said.
RFERL: Russian Police Search Apartment Of Opposition Activists
http://www.rferl.org/content/Russian_Police_Search_Apartment_Of_Opposition_Activists/1900074.html
December 10, 2009
The Moscow apartments of opposition activists Aleksandr Averin and Sergei Fomchenkov have been searched by police, RFE/RL's Russian Service reports.
Averin and Fomchenkov are executive committee members of the opposition coalition Other Russia and are on the election committee that supports Eduard Limonov, a leader of Other Russia who plans to take part in the 2012 presidential election.
Averin told RFE/RL that police searched his apartment for about two hours on December 9 and confiscated his computer's hard drive and Limonov campaign literature.
Averin said the search by police may have been a "warning" from officials as the coalition prepares for a December 31 protest in Moscow.
Limonov told RFE/RL that unless the authorities give a full explanation for their actions the opposition will consider the search "an act of repressive lawlessness."
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