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Search resuls for: "Anastasia Lyrchikova"


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Alfa Bank analysts valued UGC's share capital at 140.5-170.8 billion roubles ($1.53-1.86 billion). Britain imposed sanctions on 29 individuals and entities in Russia's gold and oil sectors on Wednesday, including Strukov and two of Russia's largest gold producers, Nord Gold and Highland Gold Mining, but not UGC itself. Britain's National Crime Agency (NCA) also issued an alert to financial institutions, warning them about Russian attempts to use gold to evade sanctions. Strukov said the IPO would allow UGC to reach more investors, diversify the shareholder structure and lower its debt burden. A string of small offerings has breathed some life into Russia's equity capital markets in recent months.
Persons: Uzhuralzoloto, Konstantin Strukov, Strukov, Anastasia Lyrchikova, Felix Light, Alexander Marrow, Mark Potter Organizations: UGC, Alfa Bank, Reuters, Nord, Highland Gold Mining, Crime Agency, Astra, Thomson Locations: Russia, Ukraine MOSCOW, Moscow, Britain, Ukraine, Nord Gold
A board with the logo is on display on the office building of the Russian state-owned technology company RUSNANO in Moscow, Russia, November 17, 2016. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsMOSCOW, Oct 4 (Reuters) - The Kremlin on Wednesday said the Russian government was closely involved in tackling problems at state nanotechnology company Rusnano, which this week warned of its inability to make debt repayments and possible bankruptcy without state support. Citing the company's first-half report, the Interfax news agency reported on Rusnano's debt trouble on Tuesday. Rusnano said it was currently demonstrating signs of insolvency and warned that bankruptcy was possible should its shareholders - the Russian state - fail to adopt measures to improve its financial situation, Interfax reported. "There really are problems there, and it is an issue the cabinet of ministers is dealing with very closely."
Persons: Sergei Karpukhin, Rusnano, Dmitry Peskov, Anastasia Lyrchikova, Alexander Marrow, Mark Trevelyan, Guy Faulconbridge Organizations: REUTERS, Rights, Thomson Locations: Russian, Moscow, Russia
Elvira Nabiullina, Governor of Russian Central Bank, speaks to the media during the conference "10 years of the Megaregulator: yesterday, today, tomorrow" in Moscow, Russia September 1, 2023. REUTERS/Evgenia Novozhenina/File photo Acquire Licensing RightsMOSCOW, Sept 15 (Reuters) - Russian Central Bank Governor Elvira Nabiullina spoke out against reintroducing currency controls after hiking rates to 13% on Friday, warning that such steps were inefficient and ultimately would be circumvented. Nabiullina said that discussions about currency restrictions were underway, but were largely for the government to decide. "Administrative restrictions, if they are effective... then they are usually effective only for a limited time," Nabiullina said. Similarly, she said, repatriating FX revenues from foreign banks to Russian ones would have no impact on the rouble rate.
Persons: Elvira Nabiullina, Evgenia, Russian Central Bank Governor Elvira Nabiullina, Nabiullina, Vladimir Putin, Elena Fabrichnaya, Alexander Marrow, Vladimir Soldatkin, Anastasia Lyrchikova, Mark Trevelyan Organizations: Russian Central Bank, REUTERS, Rights, Russian Central Bank Governor, Bank of Russia, Thomson Locations: Moscow, Russia
Russian President Vladimir Putin chairs a meeting on economic issues via video link at the Novo-Ogaryovo state residence outside Moscow, Russia April 11, 2023. Sputnik/Gavriil Grigorov/Kremlin via REUTERS/File Photo Acquire Licensing RightsSummary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Aug 22 (Reuters) - Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government and central bank to keep the situation under control. When the rouble tumbled below 100 to the dollar last week, the central bank was forced to respond by raising interest rates by 350 basis points to 12%. "The government and central bank need to actively use the instruments available to them," he said.
Persons: Vladimir Putin, Putin, Vladimir Soldatkin, Anastasia Lyrchikova, Dmitry Antonov, Alexander Marrow, Mark Trevelyan, Mark Heinrich Our Organizations: Sputnik, REUTERS, Thomson Locations: Moscow, Russia, Kremlin, Ukraine, MOSCOW
The need to reintroduce stringent capital controls comes as Russian authorities grapple with a sharply weakening rouble, which tumbled past 100 to the dollar on Monday. One source at an exporting firm said the discussions concerned the forced conversion of up to 90% of exporters' revenues. Exporters who fail to return revenues to Russia could lose government support measures, too. One Russian banking source told Reuters that about $39 billion is stuck in Indian banks, which oil companies are unable to return to Russia. The high-level source said a minimal level of revenues was held in rupees, with even less in roubles.
Persons: Dado Ruvic, Central Bank Governor Elvira Nabiullina, Elena Fabrichnayaand Anastasia Lyrchikova, Gleb Stolyarov, Alexander Marrow, Gareth Jones, Nick Macfie Organizations: REUTERS, Reuters, RBC, FX, Central Bank Governor, Thomson Locations: Russia, Ukraine MOSCOW, Ukraine, Russia's, Moscow, India, Tbilisi
Summary This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Feb 8 (Reuters) - Russia is looking at introducing a one-off, voluntary windfall tax on big business, an official said on Wednesday, as the country's monthly revenues from oil and gas drop to their lowest levels since 2020. Three sources familiar with the discussions later told Reuters that authorities were considering a one-off budget contribution from businesses of about 200-250 billion roubles ($2.8-$3.5 billion). The price of Russian oil has fallen around 20% since early December, when Western countries set a $60 price cap on Russian oil exports. "A voluntary contribution from business... is being discussed, a one-off contribution," First Deputy Prime Minister Andrei Belousov said, in comments published by Russian news agencies. It is a windfall tax, a concept in tax practice known as a one-time tax collection," Belousov said, adding that the measure would be voluntary in nature.
Polymetal has not been directly targeted by Western sanctions imposed on Moscow after it sent thousands of troops into Ukraine on Feb. 24. But, along with other Russian commodity producers, it has suffered from their impact as Western banks and shippers have reduced dealings with Russian companies. For the full year, Polymetal's output increased by 2% to 1.712 million ounces of GE, in line with its production guidance. But the company's revenue for 2022 fell by 3% to $2.8 billion on the back of lower average gold and silver prices. The company reiterated its current production guidance for 2023 of 1.7 million ounces of GE and saw capital spending of $700-750 million.
The dispute centres on an agreement brokered by Moscow in 2012 between Nornickel's two largest shareholders, Potanin and Rusal, which protected its dividend payouts. Disputes over dividends have been the main reason for on-and-off rows between shareholders at Nornickel and Rusal over the past 14 years. SEEKING COMPENSATIONThe London lawsuit comes as Moscow faces Western sanctions over what it calls a "special military operation" in Ukraine. While Nornickel has not been directly targeted by Western sanctions, Potanin was sanctioned by Britain in June. Potanin has been chief executive of Nornickel for the duration of the agreement and Rusal said in its statement that it now required a "professional independent executive" as CEO.
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