Russia 110505 Basic Political Developments

Business, Energy or Environmental regulations or discussions

Fesco, Novolipetsk, Polyus, Rosneft: Russian Equity Preview

http://www.bloomberg.com/news/2011-05-04/fesco-novolipetsk-polyus-rosneft-russian-equity-preview.html
By Jason Corcoran - May 4, 2011 10:00 PM GMT+0200

The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.

The 30-stock Micex Index (INDEXCF) slipped 2 percent to 1,657.54 at the close in Moscow.

Fesco Transportation Group (FESH RX), a Russian shipper, is due to report full-year earnings for 2010. The shares decreased 0.6 percent to 15.9 rubles.

OAO Novolipetsk Steel (NLMK RX), owned by Russian billionaire Vladimir Lisin, is scheduled to report first-quarter earnings. The stock slumped 4.2 percent to 98.1 rubles.

OAO Polyus Gold (PLZL RX): Russia’s biggest gold producer slid 2.3 percent to 1,864.8 rubles. Gold futures dropped 1.8 percent, the most since March 15.

OAO Rosneft (ROSN RX): Russia’s biggest oil producer retreated 1.7 percent to 232.82 rubles, its lowest level since Jan. 14. Crude slumped as much as 2.3 percent as a U.S. Energy Department report showed supplies surged, and on signals that American economic growth is slowing.

To contact the reporter on this story: Jason Corcoran at [e-mail]

To contact the editor responsible for this story: Gavin Serkin at [e-mail]

Evraz Group may sell Yubileinaya Coal Mine, Vedomosti Says

http://www.bloomberg.com/news/2011-05-05/evraz-group-may-sell-yubileinaya-coal-mine-vedomosti-says.html
By Stephen Bierman - May 5, 2011 5:56 AM GMT+0200

Evraz Group SA (EVR), a Russian steelmaker, may sell the Yubileinaya coal mine, site of an accidental blast in 2007 that killed 39 people, Vedomosti said.

A regional holding called Topprom has applied to Russia’s Federal Antimonopoly Service to buy the mine, Vedomosti said citing an unidentified person in the agency. Evraz confirmed potential purchase interest from Topprom without providing further details, Vedomosti said, citing an unidentified Evraz representative.

To contact the reporter on this story: Stephen Bierman in Moscow [e-mail].

To contact the editor responsible for this story: Will Kennedy at [e-mail].

Icon’s Kirill Dmitriev May Head Russia Fund, Vedomosti Says

http://www.bloomberg.com/news/2011-05-05/icon-s-kirill-dmitriev-may-head-russia-fund-vedomosti-says.html
By Stephen Bierman - May 5, 2011 5:47 AM GMT+0200

Icon Private Equity President Kirill Dmitriev will likely head a new fund being created by the Russian government to attract investment, Vedomosti said citing two unidentified people close to the Russian state bank VEB.

Russian President Dmitry Medvedev has asked VEB and the government to establish the fund by June 1, Vedomosti said. The state aims to give the fund $10 billion over 5 years with the aim of attracting up to $90 billion in investment over ten years, Vedomosti said.

To contact the reporter on this story: Stephen Bierman in Moscow [e-mail].

To contact the editor responsible for this story: Will Kennedy at [e-mail].

Insider tapped to head Russia private equity fund-report

http://in.reuters.com/article/2011/05/05/russia-fund-idINLDE74407M20110505
12:15pm IST

MOSCOW, May 5 (Reuters) - A private equity industry insider is front-runner to become the head of a $10 billion fund that the Russian government hopes will kick-start foreign investment, the Vedomosti daily reported on Thursday.

The newspaper named Kirill Dmitriyev, president of Icon Private Equity, as the preferred candidate for the role although the office of President Dmitry Medvedev has yet to formally approve his appointment.

Dmitriyev, whose career includes stints at Goldman Sachs and Delta Private Equity Partners, declined to comment.

A final decision on the job is expected by the end of May, ahead of the fund's launch at the St Petersburg International Economic Forum, a gathering of political and business leaders in Russia's second city in mid-June.

The fund is being set up to attract private equity and sovereign wealth funds deterred from entering Russia by negative perceptions about its investment climate. [ID:nN17157813]

The state would commit $2 billion a year over five years to co-finance up to 20 percent of the cost of investments in Russian businesses, and officials hope total capital committed will be several times higher than the state's contribution. (Writing by Douglas Busvine; Editing by Toby Chopra)

GE Announces New Sales and Service Operations for Electric Motors in Russia

http://www.iewy.com/25478-ge-announces-new-sales-and-service-operations-for-electric-motors-in-russia-2.html
GE will be offering a full range of electric motors and generators with the output of 0.7 to 74,500 kW, asynchronous, synchronous and DC motors, as well as custom made electric motors. The main advantages of GE’s products include higher energy efficiency (complying with IE3 efficiency levels), longer warranty periods (up to five years) and cost effectiveness. In addition, GE offers bundled supplies of energy equipment, i.e. supplies of electric motors of various capacities, inverters and control boxes, providing full integration. Besides, the company offers consulting services, advising on efficient operations of electric motors and assesses the effectiveness of installed electric equipment at the customers’ facilities.

Additionally, the Russian customers will benefit from reliable equipment maintenance in the GE’s Power Technology Center, launched in Kaluga in 2010. Highly qualified engineers at the center provide service and maintenance of the advanced energy equipment from all over Russia, helping customers meet the country’s growing demands in power and increasing energy efficiency. The Kaluga facility is one of 12 GE Energy technology centers located around the globe.

GE Energy provides integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

About GE

GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

NAVTEQ Announces Real-Time Traffic for Russia http://www.newswiretoday.com/news/90086/