The conflict between the shareholders of Petropavlovsk PLC, a London-based gold mining company with operations in Russia, is turning into a banal corporate raid on assets. It is noteworthy that situation is unfolding not somewhere in the taiga, but in the Russian capital. On August 26, Maxim Meshcheryakov, acting CEO of the company, accompanied by tough guys broke into the office of AO Pokrovsky Rudnik, a subsidiary company of Petropavlovsk PLC.
The “сarbon tax,” the introduction of which is scheduled as early as 2021 and 2022, might put Russian companies working for export into losses in the amount of 33 to 50 bln euros in the period up to 2030.
“However, at present, the problem is that the government has to somehow liquidate a serious budget deficit which might reach 5 trln rubles ($160.92 mln) by the end of the year,” said Ruslan Greenberg, an economist and scientific advisor at the Institute of Economics of the Russian Academy of Sciences. “As it seems to me, this gap in the budget is likely to be filled by devaluation of the national currency.”
The polysilicone plant in Zheleznogorsk, Krasnoyarsk territory, that was commissioned with fanfare 12 years ago has turned into a yet another site of environmental disaster.
From August 1, the price of natural gas for households in Russia has gone up 3%. At the same time, the prices for gas exported abroad have been reduced. There is still the question of why the Russians have to pay for gas that the Europeans use. The officials and top executives of gas and oil companies give no explanation, and it is very unlikely that they will give it at any time in the future.
The case of the Tri Kita [Three Pillars] furniture shopping complex that procudced a high-profile scandal at the end of the 2000s is again on everyone's lips. The Arbitration Court of the Moscow Region has delivered a judgment that led to a U-turn in this story.
According to economist Mikhail Delyagin, the global crisis might be caused by an unstable political and social situation in the U.S. Against the background of the forthcoming presidential election it has been only exacerbated, and it might trigger a significant devaluation of the American dollar.
It has been a year since a district court in Tolyatti, a city in the middle reach of the Volga, passed a sentence on one of the most high-profile criminal cases in modern Russia. On July 5, 2019, the owners of TogliattiAzot, one of Russia’s largest chemical fertilizers producer, were convicted in absentia of committing a fraud. At present, Vladimir and Sergey Makhlai are hiding abroad.
The interests of Russian defrauded homebuyers are again under threat. At present, the main issue is related to the Foundation for Protection of Rights of Defrauded Homebuyers. This organization was established to protect their rights and interests. After scrutinizing the activities of the fund, the Accounts Chamber detected threats and risks that were likely only to aggravate the situation.
The Federal Supervisory Natural Resources Management Service (Rosprirodnadzor) has issued a mamoth fine of almost 148 bln rubles ($2.044 bln) to Nornickel, the Russian nickel and palladium mining and smelting company belonging to the businessman Vladimir Potanin, for the environmental disaster in Norilsk. The company, in turn, announced that these demands were unfair, but its shares have started sliding.
The Department for State Legislation at the Russian President’s Administration has indicated that some improvements to the restrictions on electronic cigarettes were required for a second reading of the bill. The State Duma is going to consider them in the second reading of the bill that regulates the trade of e-cigarettes.
In each Russian store the customer can find cheeses of various brands – Rossiysky, Gollandsky, Poshekhonsky and others. However, experts warn that most often these are just names, and the products themselves are often counterfeit. Old cheese recipes must be preserved.
Recent report by Igor Krasnov, the Prosecutor General of Russia, explores the criminal situation in the country, as well as contains data on corruption.
Russian Health Ministry has issued a license for the medication to treat COVID-19. The drug Levilimab (having the invented name Ilsira) is produced by the BIOCAD company. Initially, the drug was developed for the treatment of rheumatoid arthritis.
Oleg Shein, State Duma deputy from A Just Russia faction and a member of the Parliamentary Committee on Labor and Social Policy, said that the COVID-19 pandemic might also affect the situation.