Stock market news

Rosbank

Board of Directors of Rosbank decided to appoint Chairman of the Bank's Management Board Nikolay Sidorov. He will succeed Natalia Voevodina. Natalia was tasked with ensuring business stability and leading the bank to a new development trajectory after the change of the majority shareholder, which she managed to accomplish. Nikolay Sidorov, a well-known finan...

Magnit

Retailer Magnit plans to launch a marketplace Magnit Market in the first half of 2024. Platform will be launched on the basis of acquired at the end of last year marketplace KazanExpress. This approach will allow Magnit to quickly enter a new for the company fast-growing segment of marketplaces and take a significant share there, spending less time and other...

Mobile TeleSystems

MTS established a new legal entity - MTS IKar LLC. New company will become a part of MTS Auto business vertical and will perform the functions of a design bureau, laboratory and pilot production in the field of development and implementation of high-tech solutions and electronics for the automotive industry. MTS IKar's software for the production of automoti...

KAMAZ

Kamaz in 2023 increased production volumes of passenger vehicles and expanded its product line. Last year over 1,450 NEFAZ buses and 477 KAMAZ electric buses were sold. The sales volume of passenger vehicles increased by 25% compared to 2022. Kamaz's share in the Russian market of large-class electric buses reached 96%, and in the large-class bus market, exc...

Far-Eastern Shipping Company

Volume of transportation by Fesco China Express Line's maritime foreign trade service between Vladivostok and Chinese ports in 2023 amounted to 218 thousand TEU, up 7% compared to 2022. Fesco Vietnam Direct Line from Vladivostok to the Vietnamese ports of Haiphong and Ho Chi Minh City also showed significant growth last year. Group transported along this rou...

Magnitogorsk Iron and Steel Works

MMK's Turkish plant reduced steelmaking by 57.4% to 381 thousand tons in 2023. Production was negatively affected by the economic crisis and natural disasters in the country. In 2022, MMK's Turkish segment showed a 2.8-fold increase in production to 892 thousand tons.

NOVATEK

First shipment of liquefied natural gas from the Arctic LNG 2 project may be shipped in February, said Russian Deputy Prime Minister Alexander Novak. In mid-December 2023, Novatek declared force majeure on shipments for some of its customers due to US sanctions amid sanctions on the project. However, Alexander Novak reported at the time that the first line o...

Globaltruck

Monopoly Group now controls 75.08% of Globaltruck shares through MONOPOLY Investment LLC. Previously, in the chain of ownership, there was also a Cypriot Glazier ltd.

Rosneft Oil Company

Oil company Rosneft plans to expand its presence in the Indian market, Russian President Vladimir Putin said. "They have plans for the future, they want to build a refinery," said President. Company owns 49.13% in Indian asset Nayara Energy Limited, which includes India's second-largest refinery in Vadinar with a capacity of 20 million tons per year and a re...

Gazprom

Gazprom in 2023 brought two helium units of the Amursky GPP to the design mode. Commissioning of the equipment was ensured without the participation of a Western licensor. A third unit is currently under construction at the plant.