The U.S. Justice Department has called for a sentence of 30 years imprisonment for convicted Russian arms dealer Viktor Bout, his lawyer Albert Dayan said, ahead of sentencing on April 5. “The Justice Department recommended the New York District Judge Shira Scheindlin give Viktor Bout 30 years in prison,” Dayan said. “Viktor had refused...
Russia’s Voronezh Aircraft Production Association (VASO) has signed a contract with Ilyushin Finance Co. for delivery of three An-148-100E passenger planes for Angara airline, the United Aircraft Corporation (UAC) said on Wednesday. The Antonov An-148 is a regional jet aircraft designed by the Ukrainian Antonov Design Bureau and produced by Ukraine’s Kiev Aviation Plant...
Workers at the Benteler plant in the city of Kaluga southwest of Moscow ended their strike on Sunday after they were promised a new labor agreement and higher wages, a strike coordinator said. Negotiators, who included management of the plant and Kaluga Governor Anatoly Artamonov, pledged to meet all demands of the striking workers,...
Russia’s largest gold producer Polyus Gold saw its 2011 net profit jump 57 percent year-on-year to $558 million to IFRS, the company said in a statement on Monday. Revenue grew 37 percent last year to $2.34 billion comparing with 2010. EBITDA rose 55 percent to $1.11 billion. Gold sales increased eight percent to 1.48...
The BRICS group of emerging economies support a plan toset up a new joint development bank known as the South-South bank to finance various projects in their states, Russia’s Economic Development Minister Elvira Nabiullina said on Wednesday in Delhi. “The idea of establishing the bank … is supported by all BRICS countries,” Nabiullina said...
Russia’s Finance Ministry has cut the yield guidelines for 30-year state Eurobonds worth of total $3 billion to their lower boundary, a banking source told Prime news agency on Wednesday. Yield guidance for the 30-year state Eurobond was set at plus 250 basis points over U.S. Treasuries. As for other tranches, five-year Eurobonds worth...
Ukrainian prosecutors have brought a new $2.4 million suit against jailed former Prime Minister Yulia Tymoshenko, Deputy Prosecutor General Yevhen Blazhivskiy said on Wednesday. The new charges are related to Tymoshenko’s alleged mismanagement and misuse of funds as head of United Energy Systems. The case will go to court within five days,...