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Russia (519)


RUSSIA

Sibur subsidiary completes PET expansion in eastern Russia
Polief (Blagoveshchensk, Russia), a subsidiary of Sibur (Moscow), has completed a polyethylene terephthalate (PET) expansion, increasing capacity from 140,000 m.t./year, to 210,000 m.t./year at Blagoveshchensk, eastern Russia, Sibur announced. Investment in...

EU goes ahead with tariff cuts on imports from Ukraine
The European Union's foreign affairs council has adopted the European Commision's previously announced proposal to cut or eliminate temporarily EU tariffs on imports from Ukraine. The adoption follows the European Parliament's support for the measures...

Reports: Belarus extends potash export subsidy until year-end
Belarusan authorities have extended the country's zero export duty on potash until 31 December, according to local press reports. The duty, which previously was €75–85/m.t. ($104–118),  was initially reduced to zero for 1 September...

Uralkali posts falls in 2013 earnings, sales; says performance improved after exit from potash cartel
Leading potash producer Uralkali (Berezniki, Russia) says its 2013 net profit dropped 58%, to $666 million on revenue down 20%, to $2.7 billion. Uralkali's Ebitda declined 31% in 2013, to $1.6 billion. Quarterly figures were not disclosed. Uralkali's potash...

Russia hikes Ukraine's gas price more than expected
Gazprom (Moscow) has hiked the second-quarter price it charges for supplies of natural gas to industrial consumers in Ukraine by more than $200.00 per 1,000 cubic meters, to $485.50 per 1,000 cu meters. The first-quarter price of $268.50 per 1,000 cu meters...

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