Russian energy company LUKOIL has launched the construction of a catalytic cracking complex at its Perm refinery in Russia. The catalytic cracking project is being executed by the company under an agreement with the Russian Energy Ministry after securing an investment incentive as part of the negative excise tax on refinery feedstock until 1 January […]
The Russian Direct Investment Fund (RDIF), the Russian sovereign wealth fund, has entered into a partnership with Indian pharma company Wockhardt Limited for producing and distributing the Sputnik V and Sputnik Light vaccines against Covid-19. The agreement was signed under the watch of Enso Healthcare, part of Enso Group, which is the coordination partner of […]
Etalon Group, a Russian development and construction company, has acquired a stake of 35% in QB Technology, a UK-based modular construction company, for an undisclosed price. As per the terms of the deal, Etalon Group holds an option to further increase its stake. QB Technology offers a variety of services for the design, installation, and […]
Acron Group said that it is expediting the construction of the Talitsky potash mine in Perm Krai in Russia, while increasing the capital investments for this year and the next year for the project from $60 million to $222 million. The Russian mineral fertilizer producer said that it is currently reinforcing and finishing shafts at […]
Morepen Laboratories and the Russian Direct Investment Fund (RDIF) announced the production of the test batch of the Russian Sputnik V Covid vaccine in an exclusive facility in Himachal Pradesh, India. According to Morepen Laboratories, the first batch of the coronavirus vaccines will be shipped to the Gamaleya Center for quality control purpose. The Indian […]
Russian digital bank Tinkoff has rolled out a beta version of Oleg, its free voice assistant powered by artificial intelligence (AI) and machine learning, to all residents of Russia using mobile phones. The voice assistant of the Russian online bank has been designed to safeguard users from spammers and fraudsters. According to Tinkoff, the smart […]
Russian retailer Magnit, via its main operating subsidiary – Tander, will acquire DIXY Holding, the holding company for DIXY retail chain in Russia, for RUB 92.4 billion ($1.25 billion) DIXY presently operates 2,651 convenience stores in Russia whose 2020 annual revenue was RUB 281.4 billion. DIXY Holding also owns 39 superstores in Russia under the […]
National Bank TRUST, a Russian financial institution, has revealed plans to sell up to nearly 1.18 trillion existing ordinary shares of Russia-based VTB Bank via an accelerated bookbuild. The transaction will be executed by Citigroup Global Markets, J.P. Morgan Securities, and VTB Capital, who are acting as joint global coordinators and joint bookrunners. According to […]
Dr. Reddy’s Laboratories has launched the Sputnik V Covid vaccine in India with the first dose of the Russian vaccine administered today in Hyderabad. The soft launch of the Russian coronavirus vaccine follows the landing of the first batch of its imported doses in India earlier this month and the subsequent regulatory clearance from the […]
Russian supermarket chain Magnit has launched its own express delivery service from Magnit Cosmetic stores in eight cities in Russia. The retailer plans to add six more cities for the delivery service by the end of the month. Magnit said that it has connected its cosmetic stores across Moscow, Kazan, Saint-Petersburg, Samara, Rostov-on-Don, Chelyabinsk, and […]