Stock market news

Gazprom

Gazprom deputy chairman Elena Ilyukhina has proposed to cut the staff of the central office almost in half - from 4,100 to 2,500 people, 47news has learned. Proposal was sent to Alexei Miller at the end of December. Over 20 years, the number of employees in Gazprom's administration has grown several times, and the payroll currently amounts to ₽50 billion a y...

T-Technologies

Sber, T-Bank and Alfa-Bank have registered an operator for their payment consortium to create a single QR code - Fintech Platform LLC. T-Bank and Alfa-Bank each received 27.5% of the joint venture, while the remaining 45% is owned by Sberbank's structure, Digital Assets LLC.

Sberbank

Sber, T-Bank and Alfa-Bank have registered an operator for their payment consortium to create a single QR code - Fintech Platform LLC. T-Bank and Alfa-Bank each received 27.5% of the joint venture, while the remaining 45% is owned by Sberbank's structure, Digital Assets LLC.

MGKL

MGCL's revenue for 2024 amounted to ₽8.5 billion, up 3.9 times year-on-year. Portfolio of collateralized loans in the pawnshop business and merchandise balances in resale increased by 73% to over ₽2 billion. Number of retail customers increased by 12% to over 227,000. Share of goods held in the portfolio for more than 90 days decreased from 11% to 7%.

LUKOIL

USA has placed a joint venture of Lukoil and Gazprom, LLC Layavozhneftegaz, on the sanctions list. Company was established in March 2021 to implement a project to develop the Vaneyvisskoye and Layavozhskoye fields. Investments in the project were estimated at ₽200 billion.

Gazprom

USA has imposed restrictions against Gazprom's joint projects. Restrictions were imposed on Achimgaz, a joint venture with Germany's Wintershall Dea GmbH; RusGazAlliance, a joint venture between Gazprom and RusGazDobycha; Layavozhneftegaz, a joint venture with Lukoil; Frakjet Volga, a service contractor; and Gazprom Shelfproekt, which provides services for o...

MMC Norilsk Nickel

USA imposed sanctions against Polar Lithium LLC, a joint venture of Nornickel and Rosatom to develop the Kolmozersky lithium deposit. Deposit is the largest in Russia and the most promising for development. Development of the Kolmozerskoye deposit is expected to produce 45,000 tons per year of lithium carbonate and hydroxide, which are used, among other thin...

Gazprom

USA imposed sanctions against Gazprom's LNG plant in the Leningrad Region - Gazprom LNG Portovaya LLC. Medium-tonnage plant at the Portovaya compressor station produced 1.385 million tons of LNG in 2023 and 0.403 million tons in 2022.

NOVATEK

USA imposed sanctions against Chinese companies involved in the construction and transportation of modules for the Arctic LNG 2 project. Sanctions list also includes eight subsidiaries of Novatek China Holdings Co Ltd. It is specified that this company was established in August 2023. It is engaged in the implementation of the LNG sales program from the Arcti...

Sovcomflot

USA imposed sanctions against about 100 vessels involved in the transportation of Russian hydrocarbons, which are related to or owned by Sovcomflot, Rosneft and Gazprom Neft. Sixty-nine vessels are identified as blocked, including 54 oil and oil product tankers and four LNG carriers owned by Sovcomflot. Another four sanctioned vessels belong to Emirati compa...