Russia 090818 Basic Political Developments

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National Economic Trends

  • Russia’s industrial output goes down by 14% in January-July

  • Slowdown in Industrial Output Eases - Output decreased an annual 10.8 percent, falling for the ninth consecutive month, compared with a drop of 12.1 percent in June.

  • Russian unemployment still falling - It is not exactly good news, but Russia's macroeconomic results continue to improve slowly. In the last bit of good news the Healthcare and Social Development Ministry said the number of officially unemployed was down by 0.4% in the week to August 12, reports Prime Tass.

  • Russia’s Ruble Climbs Against Dollar, Euro as Oil Price Rises

  • Ruble Takes Biggest Hit Since Early July

  • China and Russia decreased investments into American bonds

  • Russian grain harvest 10m tons below last year's level - Russian farmers had already brought in 53.8m tons of grain as of August 17, which is 10m tons down on last year's level, reports Interfax citing the Agriculture Ministry.

Business, Energy or Environmental regulations or discussions

  • Anti-Monopoly Service Wants Unitary Enterprises Eliminated - The Federal Anti-Monopoly Service has proposed eliminating all state and municipal unitary enterprises that aren’t involved in strategic sectors, saying they stifle competition and are used to misappropriate budget funds.

  • Evraz Group, Lukoil, OGK6, Rosneft: Russian Equities Preview

  • VTB shares likely to be offered to market at 4.8 kopecks

  • Shares in Russia VTB rise after report on valuation

  • The state-owned bank VEB has held 8.75 percent of Surgutneftegas, 1.96 percent of Gazprom and 1.42 percent of Rosneft by the end of the first quarter

  • Banks Stepping Up Debt Collection - Banks are three times more active in going after overdue corporate loans today than in March, when President Dmitry Medvedev castigated lenders who resist rescheduling payments for “corporate selfishness.”

  • Russia's diamond Alrosa sees demand up

  • Alrosa Appoints Igor Kulichik As Vp For Financial Policy

  • KazakhGold BoD and management reshuffle: Polyus Gold taking Troika, Russia


    • Electricity prices on balancing market in Siberia up 400% after Sayano-Shushenskaya HPP accident

    • RUSAL considering production cuts on power concerns - The group is looking to help reduce electricity consumption ahead of winter after an Accident at a Hydroelectric power station that feeds some of the firms smelters

    • Evraz energy supply situation due to accident at Sayano-Shushenksaya GES

  • Evraz Sells Stake in Miner - Evraz Group sold its stake in the Cape Lambert Iron Ore project in Western Australia, the Australian company said in a statement Monday

  • Russia Severstal to issue 45 bln rbls in 5 bonds

  • Vekselberg Company Orders Solar Modules Worth $277M

  • AvtoVAZ extends losses - Although sales grew 37%, financial performance deteriorated further: AvtoVAZ once again posted losses even on the gross profit level, with a negative gross profit margin, widening to a negative 5%.

  • AFI Development reports $201m second quarter loss

Activity in the Oil and Gas sector (including regulatory)

  • Russia ups oil export 0.2% to 122.9 mln tonnes in H1 mths – Rosstat

  • Russia lifts oil export duty - Russia will raise its oil export duty by 7.5% to $238.6 a tonne from 1 September, reflecting an increase in crude prices over the last month.

  • Medvedev Wants Sea Developed - President Dmitry Medvedev said Monday that Russian companies should develop offshore oil production in the Caspian Sea and build more ports and upgrade shipyards on the shore as a way of boosting the regional economy.

  • LUKoil posts 3.4% rise in oil output, 12.4% drop in gas production

  • Korchagin SBM installed - Lukoil said the single point mooring (SBM) system at Yuri Korchagin field has been installed in the Russian sector of the Caspian Sea.

  • Lukoil takes delivery of vessel for Caspian work

  • TNK-BP Drilled the First Five-Leg Wel on Russkoye

  • Russia's Slavneft posts 9.2% profit drop in 2008

  • New Russian shipyard for tankers and oil rigs - Russia’s Vneshekonombank confirms that it is ready to grant up to 28 billion RUB on the construction of a new shipyard in Primorsk on the Baltic Sea coast.

  • SNC-Lavalin buys 48 percent stake in Russian firm - The Moscow-based company, with about 900 employees, has designed more than 40 refineries and industrial projects in Russia Europe and the Middle East.


  • Gazprom’s overdue debts - Gazprom’s overdue debts to supply companies and contractors in the first half of 2009 increased by 64 percent to a total of 78.2 billion RUB, newspaper Vedomosti reports.

  • Gazprom retakes its positions in EU - Russian gas giant Gazprom is consolidating its positions on the way to Central Europe, the French Le Figaro newspaper reports.


Full Text Articles

Basic Political Developments

Peres Departs for Russia
Reported: 08:45 AM - Aug/18/09

( President Shimon Peres will depart Tuesday for a state visit to Russia. He will meet with his Russian counterpart, Dmitry Medvedev.

President Peres’ bureau said in a statement that the two will deliberate in strengthening strategic relations between Israel and Russia, Moscow’s involvement in the political process, and Iran’s nuclear program. The one-day visit will take place at Medvedev’s summer home in Sochi.

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