Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

12/13 23:08   Court arrests eighth suspect in ex-minister Abyzov case Zayats for 2 months
 
12/13 22:33   Filaret announces forum in defense of 'Kyiv Patriarchate'
 
12/13 22:24   Eighty-four children expected to be returned from Syria to Russia - children's rights commissioner
 
12/13 22:18   Nearly 1,900 journalists accredited for Putin's press conference
 
12/13 22:12   Russian military hydrographers discover new coral islands in Red Sea
 
12/13 22:09   Kyiv not to gain control of border between DPR, Russia - Pushilin
 
12/13 22:08   Zelensky submits bill to amend Constitution in terms of decentralizing power in Ukraine
 
12/13 22:03   Moscow court arrests in absentia businessman Tarchokov in Magomedov brothers case
 
12/13 22:03   Companies pay out 65 mln rubles for catching orcas for Primorye "whale jail"
 
12/13 21:57   Zelensky submits bill facilitating Ukrainian citizenship acquisition for political refugees from Russia to Verkhovna Rada
 




 

Interfax.com  |  Interfax news  |  Moscow press review for December 3, 2019


News headlines


December 03, 2019 09:30

Moscow press review for December 3, 2019

MOSCOW. Dec 3 (Interfax) - The following is a digest of Moscow newspapers published on December 3. Interfax does not accept liability for information in these stories.

POLITICS & ECONOMICS

The Purchasing Managers' Index for Russia's manufacturing sector fell to a 10-year low of 45.6 points in November from 47.2 points in October 2019. The drop was attributed to weakening demand, including from foreign companies, which resulted in the steepest decline in new orders since March 2009. November was the seventh consecutive month of declining business activity in manufacturing (Vedomosti, p. 1).

Russia's economy ministry has proposed to give importers and companies whose goods cross Russia in transit access to a unified digital platform for exchanging data. The 'single window' system will make it possible to provide data and documents in a standard form that will then be used multiple times by various authorities. There are plans to launch a single window system for exporters in November 2020 (Vedomosti, p. 4).

OIL & GAS

The owner of Safmar Group, Mikhail Gutseriev has inserted himself into the usual pre-New Year gas negotiations between Russia and Belarus, requesting that the intergovernmental agreement with Belarus include a separate line item for gas supplies to Slavkali, his potash project in the country. This would enable Safmar to save about $20 million per year. Market insiders doubt the government will agree to such preferences (Kommersant, p. 1).

The presidents of Russia and China on Monday officially launched Power of Siberia, Gazprom's first export pipeline to a new market. The start of Russian pipeline gas exports to China will bring strategic energy cooperation between the two countries to a new level, Russia's president said. The new 2,157-km pipeline will reduce Gazprom's dependence on Europe, and in time the Chinese market could become just as important (Vedomosti, p. 12).

UTILITIES

Minority shareholders of Rosseti have complained to Russia's Central Bank about violations of corporate procedures at the state power grid group, sources said. They suspect Rosseti of intentionally depressing the market cap of subsidiaries and trying to delist them amid plans for a major consolidation. As an extreme measure, they propose to exclude Rosseti shares from the Moscow Exchange's top listing (Kommersant, p. 7).

METALS & MINING

Trade barriers and excess global capacity led to a 13% drop in Russian steel exports in the first nine months of 2019, Russian Steel reported. The share of semi-finished products, which are subject to the lowest number of trade restrictions, grew to a 20-year high of 56% of total exports. In this environment, the leading steelmakers are stressing the appeal of Russia's domestic market (Kommersant, p. 9).

BANKING, FINANCE & INSURANCE

Russia's financial system is in good shape to face the anticipated slowdown of global growth, the Central Bank's latest financial stability report indicates. Risks for the financial system have been declining, and the potential impact of external shocks has decreased even faster than internal risks. Also, the Finance Ministry has proposed to agree with the Central Bank on how to neutralize a major medium-term threat starting in 2020 - future spending from the National Welfare Fund (Kommersant, p. 1).

The Central Bank of Russia might restrict mortgage lending to debt-ridden individuals by applying the debt burden ratio to such loans, as the share of mortgage borrowers with other loans has grown to 46%. In terms of impact on capital adequacy, the ratio is now only applied to consumer loans. Banks oppose the proposal, warning that it will reduce the amount of mortgage lending and push up the cost of loans (Kommersant, p. 8; Vedomosti, p. 10).

RETAIL & CONSUMER MARKET

Russians plan to give the most expensive New Year gifts to themselves this year, and are willing to spend an average of 10,000 rubles on this, two times more than last year, Nielsen found. The average budget for gifts for spouses is unchanged at 5,900 rubles. Consumers are now in a better position to afford extra spending, as official statistics show that real incomes rose by 3% in the third quarter, the first such increase in five years (Kommersant, p. 1).

TsUM, the Russian department store, wants to become the country's leading retailer of luxury brands for children. It plans to devote the whole fifth floor of its Moscow store, nearly 7,000 sqm, to children. The floor will have 4,800 sqm of retail space with collections from brands such as Dolce & Gabbana and Gucci, and an entertainment center with cafe. Demand for luxury children's goods is growing, but supply is currently limited, analysts said (Vedomosti, p. 11).

TELECOMMUNICATIONS, MEDIA & TECHNOLOGY

Russian state agencies will be barred from installing and modernizing information systems based on the proprietary code of foreign companies as of January 1, 2024, with certain exceptions, the government decided. This will essentially mean a ban on using foreign software, but it will be difficult to supply the government with adequate Russian alternatives in four years, experts warned (Kommersant, p. 10).

TRANSPORTATION & LOGISTICS

The consortium of Baring Vostok and Vostok New Ventures has acquired a 9.1% stake in Monopoliya, one of Russia's largest trucking and logistics companies, for 600 million rubles. Baring Vostok believes Monopoliya has the potential to increase its value tenfold to $1 billion, primarily thanks to the development of its own electronic platform for managing full truck loads. The proceeds from the share sale will go into the platform (Vedomosti, p. 11).

Vp ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Natural Gas Daily
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

December 13, 2019
 
23:08
Court arrests eighth suspect in ex-minister Abyzov case Zayats for 2 months
 
22:33
Filaret announces forum in defense of 'Kyiv Patriarchate'
 
22:24
Eighty-four children expected to be returned from Syria to Russia - children's rights commissioner
 
22:18
 
22:12
Russian military hydrographers discover new coral islands in Red Sea
 
22:09
Kyiv not to gain control of border between DPR, Russia - Pushilin
 
22:08
Zelensky submits bill to amend Constitution in terms of decentralizing power in Ukraine
 
22:03
Moscow court arrests in absentia businessman Tarchokov in Magomedov brothers case
 
22:03
Companies pay out 65 mln rubles for catching orcas for Primorye "whale jail"
 
21:57
Zelensky submits bill facilitating Ukrainian citizenship acquisition for political refugees from Russia to Verkhovna Rada
 
21:52
Spacecraft Electro-L to be launched from Baikonur on Dec 24 - Rogozin
 
21:48
Environmentalists ask Prosecutor General to prevent sale of walrus calves kept in 'whale jail' to China
 
21:44
LPR will not accept any attempts to review Minsk Agreements
 
21:36
 
 more headlines 



Interviews
 

.
Cooperation between OPEC and non-OPEC countries, foremost Russia, has lasted for three years already and in this time the oil market has seen shakeups that have threatened to cause a split within OPEC and jeopardized the fate of the OPEC+ agreement to curb oil production in order to balance the market. OPEC Secretary General Mohammed Barkindo spoke with Interfax on the sidelines of the 16th annual meeting of the Valdai Club in Sochi about how decisions are made and OPECСs position regarding geopolitical events that have hit oil markets.

more
.
.
U.S. Ambassador to Russia John Huntsman, who will leave his post in early October, has given an interview to Interfax in which he speaks about exchanges at the highest level between Moscow and Washington, a possibility of RussiaСs return to G8, as well as his vision of the future of U.S.-Russian relations.

more
.
.
Russian Deputy Foreign Minister Sergei Ryabkov has given an interview to Interfax in which he speaks about the U.S. withdrawal from the Intermediate-range Nuclear Forces Treaty on that is expected on August 2, about Russia‘s response to the U.S. and NATO possible deployment of missiles banned by the treaty, and about whether the Cuban Missile Crisis may repeat itself.

more

 
  
 ©   1991—2019   "Interfax News Agency" JSC. All rights reserved.
Contact information   |   Privacy Policy   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100