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Gunnamatta

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China to splash $12 billion on Mudanjiang -Vladivostok high speed rail

A Chinese consortium including the China Railway Dongfang Group, Prestige Frontier Limited and the Far East Agency for Investment and Export Promotion (IPA) signed...

Cherkizovo places $300 mln share offering on investor menu

Russian poultry and pork producer, #Cherkizovo, has unveiled plans to stage a Moscow share placement which is expected to raise up to USD $300 mln.

Ziyavudin Magomedov detained over embezzlement charges

Russian infrastructure investment magnate, Ziyavudin Magomedov, along with his brother Magomed Magomedov, and associate, Artur Maksidov, have been arrested and detained until May 30...

RusHydro FY 2017 Net Profit slides 43% as questions on dividend weigh

Russian hydro electricity producer, RusHydro, has posted a FY 17 Net Profit of RUB 22.451 bln under IFRS. The 2017 net outcome was down 43.5%...

Rosneft posts USD $3.8 billion FY 2017 Net Income

Russia’s largest oil producer, Rosneft, has posted a FY 2017 net income of RUB 222 billion (USD $ 3.8 billion) under IFRS. The net result...

Russian Eurobonds: The double sided rouble hedge for Russia’s offshore capital

  Strong buyer enthusiasm for Russian debt in two Eurobond issues worth USD$4 billion on 16 March indicates strong demand for increased Russian exposure from...

Questions multiply on China’s Rosneft stake

Financing issues surrounding CEFC China Energy are raising a range of questions about its tie up with #Rosneft.

Japan Tobacco lights up $1.6 billion puff on Donskoy

Global tobacco leader, Japan Tobacco, has cemented its leading position in Russia’s tobacco market with a $1.6 billion acquisition of Russia’s #DonskoyTabak.

Russian grain exports muscle to the front of global marketplace

Russia’s grain exports will better the record breaking total posted for 2016-17 according to Rostat, despite concerns about handling capacity of Russia’s major grain handling ports.

Alrosa posts FY 2017 net profit of RUB 78.6 billion

FY 2017 net profit
RUB 78.6 billion under IFRS
down on the FY 2016 net profit of RUB 133.5 billion