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Russia

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Finance

Russian mobile services provider VimpelCom has increased its stake in Kazakhstan-based telecoms operator Kar-Tel to 75%, in a bid to increase its share of the booming Kazakhstan market.... 2008-07-10


Finance

Boris Zilbermints, Deputy General Director of Russia's Gazprom Neft, has confirmed that the company is looking to acquire shares in Kazakhstan's MangistauMunaiGaz (MMG), alongside... 2008-07-07


Finance

On June 30 the United Arab Emirates' Dubai World and Russia's Roskummunenergo jointly bid US$5.34bn for OGK-1. The company is the last of Russia's wholesale power producers for sale... 2008-07-02


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Finance

Severstal's CEO Alexei Mordashov has said he would consider reducing his stake in Russia's leading steelmaker by more than half if funds were needed for more acquisitions. Severstal... 2008-06-26


Finance

Russian billionaire Suleiman Kerimov, majority shareholder in Polymetal, has sold a 68% stake in the miner to three businessmen. Polymetal is Russia's largest silver miner and third-largest... 2008-06-18


Finance

Mikhail Prokhorov, the former chairman of Norilsk Nickel, the world's largest producer of nickel and palladium, and the current chairman of Polyus Gold, Russia's largest gold producer,... 2008-06-12


Finance

Facing severe financial difficulty, Ukraine's state oil company Naftogaz on June 9 sent proposals to a range of banks a US$2bn loan, which will be used to fiannce the purchase of... 2008-06-12


Finance

Just days after the United Steelworkers Union (USW) threatened to block an offer from India's Essar Steel Holdings , Russian steel maker Severstal has made a rival bid of... 2008-05-28