Russia

Russian industrial robots market grows 42% in 2018 but remains negligible

bne IntelliNews September 20, 2019

Russian market for industrial robots in 2018 increased by 42% to 1,007 units, Vedomosti daily reported on September 19 citing the data of the International Federation of Robotechnics (IFR).

Russian government values oil reserves at $1 trillion

bne IntelliNews September 20, 2019

Russia’s Ministry of Natural Resources and Environment has estimated the total value of Russia's oil reserves at RUB74.5 trillion ($1.2 trillion), almost doubling the valuation over one year, RBC business portal reported. Total value of hydrocarbons,

Charges against US fund manager Michael Calvey in Vostochniy case start to fall apart

EWDN in Moscow September 19, 2019

The charges against Baring Vostok executives could fall apart as investigators have re-appraised the value of shares of a bank, which was central to the case.

MACRO ADVISER: Winter debates that will shape the Russian economy and (maybe) politics

Chris Weafer of Macro-Advisory September 19, 2019

Against the backdrop of still weak economic indicators and deteriorating public confidence, the debates amongst senior officials over how to boost activity are intensifying.

Cybersecurity firm Acronis becomes Russia's second unicorn this year

bne IntelliNews September 19, 2019

Cybersecurity software company Acronis, founded by Sergei Belousov and Ilya Zubarev, sold just under 10% of its shares for $147mn in the first investment round organised by Goldman Sachs that implies a valuation of at least $1.47bn

Saudi Arabia restores 2mnbpd out of 5.7mnbpd following drone missile attack

Ian Simm in Edinburgh September 18, 2019

Saudi Arabia has already restored 2mn barrels per day (bpd) of oil production from the 5.7mnbpd that were knocked out by last weekend’s drone and missile attack on its largest production facilities at Abqaiq and Khurais.

Zelenskiy overtakes Putin in Russian popularity polls as Russians become increasingly vocal

Ben Aris in Berlin September 18, 2019

Stark contrast between Ukraine's two vibrant and hotly disputed elections this year and the turgid recent Moscow city government elections where most opposition candidates were barred have fuelled dissent in Russia.

Poland hints at stopping purchases of Russian gas altogether

Wojciech Kosc in Warsaw September 18, 2019

Poland finally has the infrastructure to reduce dependence on Russian gas, after it built an LNG terminal in the western town of Swinoujscie.

Russian e-commerce continued fast growth in H1 2019, Wildberries stronger than ever

EWDN in Moscow September 17, 2019

Russian e-commerce kept growing fast in the first half of this year, reaching 725bn rubles (slightly more than $11bn), up 26% from H1 2018. And market leader Wildberries is growing even faster than the rest of the sector

LONG READ: Shopping for Russian stocks with ETFs

Ben Aris in Berlin September 17, 2019

Russia’s stock market has returned about 30% this year making it one of the best performing in the world, but as a retail investor how do you go about buying some Russian shares? bne IntelliNews reviews the dozen exchange-traded funds.

Russia, Belarus reportedly ink 'economic confederacy’ roadmap

bne IntelliNews September 17, 2019

Russia and its neighbouring post-Soviet republic Belarus have inked a roadmap with the aim to form "an economic confederacy" by 2022, the Kommersant business daily reported on September 16.

Russia's industrial output up by 2.9% in August

bne IntelliNews September 17, 2019

Industrial output in Russia increased by 2.9% year-on-year in August 2019, inching up versus 2.8% y/y growth in July, and posting total 2.6% y/y growth in 8M19 overall.

Tehran Blog: Who bombed Saudi Aramco’s sites?

bne staff in Tehran September 17, 2019

The missile attack on Saudi Arabia’s Aramco facility in the east of the country on September 15 has become ensnared in a whodunit of confusion and speculation as accusations fly over who was really behind the rocket attack.

NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11

bne IntelliNews September 16, 2019

The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."

Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way

Ben Aris in Berlin September 16, 2019

Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.

Zelenskiy looking for a breakthrough to end the Donbas conflict with Russia

Ben Aris in Kyiv September 16, 2019

Zelenskiy hopes to secure the withdrawal of Russian forces from the Donbas in the east of the country, where more than 13,000 Ukrainian servicemen have been killed in the conflict in the last five years.

Russian digital major Yandex launches an investment portal with VTB Bank

bne IntelliNews September 16, 2019

Yandex has announced that it is getting into bed with the state’s second biggest bank VTB bank to create a fintech service to sell equities and funds to retail investors.

Russia's net public debt falls to zero

Ben Aris in Berlin September 10, 2019

Russian President Vladimir Putin has a bee in his bonnet about debt. He paid off Russia's debts early and encouraged the government to build up its reserves. Now the state can cover all of its debts with cash.

Sberbank and Trafigura of Singapore make pilot blockchain transaction securing West Siberian oil sales

bne IntelliNews September 10, 2019

Pilot blockchain transaction during Russia’s Eastern Economic Forum is an early foray into a technology that is popular with Russians.

The Mitteleuropean view: Putin’s Belarusian ace stays in the hole?

Gunter Deuber of Raiffeisen Research in Vienna, Marcus How of Vienneast in Vienna September 10, 2019

Negotiations between Belarus and Russia on deeper economic integration are nearing completion, and the potential for surprises – such as a political or currency union – is expected to diminish.

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