Market News | Press review: Samolet Group, Gazprom Neft, Gazprom, St. Petersburg Exchange, Western Union — 07/02/22

Western Union will stop transfers within Russia from April 1

Western Unionwill cease operations from April 1inside Russia. The company will only carry out cross-border transfers. The decision was made due to the low demand for domestic operations.

https://www.kommersant.ru/doc/5204987

 

Failure at SPB Exchange did not lead to an outflow of customers

Prolonged suspension of trading in foreign securities on "SPB Exchange» did not lead to a flow of customers to Moskovskayaexchange. Experts note that investors did not have the technical ability to quickly move from one site to another. In addition, the Moscow floor is inferior to the St. Petersburg one in terms of the number of foreign securities and their liquidity. But over time, competition between stock exchanges in this segment of the stock market will increase.

https://www.kommersant.ru/doc/5204923

 

For "Gazprom" can build a new nuclear power plant

"Rosatom" begins to study for "Gazprom» the possibility of transferring the transportation systemgas from gas turbines to electric drives. According to Kommersant, their supply may require the construction of a nuclear power plant in Western Siberia. Switching the export gas flow along the northern corridor to electricity will allow Gazprom to reduce its carbon footprint against the backdrop of tougher EU approaches to its regulation.

https://www.kommersant.ru/doc/5204917

 

Gazprom Neft wants to get a new site near the Novoportovsky cluster

"Gazprom Neft» asks for an exploration license for the Saletinskya subsoil block in the Gulf of Ob, which borders on the blocks of the Novoportovsky cluster, where the oil company is interested in expanding the resource base. The company wants to obtain this license without an auction on a declarative basis. This option became available for areas in the territorial sea and inland waters in 2020. According to Kommersant, on the same grounds, applications for four more sites were submitted by the structure of the Energia fund, Igor Yusufov. However, no one has yet been able to obtain licenses for such sites in practice.

https://www.kommersant.ru/doc/5204903

 

The legal capacity of companies with foreign participation is proposed to be limited not only by law

The Federation Council is discussing possible mechanisms for closing loopholes forforeign companiescircumventing the requirements of the Russian authorities onimport substitution. Senator Konstantin Dolgov is discussing with government departments a radical solution to the problem - the amendment of Art. 49 of the Civil Code, within the framework of which any rights of any legal entities with foreign participation may be limited in the Russian Federation not only by law, but also by presidential decree or government act. The Ministry of Justice on the amendment, which, apparently, would require a change in the Constitution of the Russian Federation in its basic part, submitted a negative review. The Ministry of Economy sees no problem in the initiative, which looks like the most thorough attack on the investment climate in the last decade. The draft has not yet been submitted to Parliament.

https://www.kommersant.ru/doc/5204943

 

DeFi services are not regulated yet

Beyond the perimeter of the regulation conceptcryptocurrenciesin the Russian Federation there may remain a sector of decentralizedfinance (DeFi), through which services typically provided by banks and other financial institutions are offered. The Ministry of Finance has already expressed concerns about this; the State Duma is “critical”, but is not yet ready to initiate a ban on such services. Experts believe that there is simply no way to completely control DeFi at the moment.

https://www.kommersant.ru/doc/5204924

 

Gazprombank went into reserve. He became the leader of the sector in terms of losses in December

In December, the Russian banking sector reduced its net profit by a quarter. A loss of almost 30 billion rubles played an important role in this. the third largest in the countryGazprombankarising from the accrual of provisions for the loan portfolio.

https://www.kommersant.ru/doc/5204877

 

Farmers face shortage of ammonium nitrate

Despite the temporary ban on exportammonium nitrate, a number of agricultural producers in the south of Russiafaced a shortage of this fertilizer on the eve of the sowing campaign. Farmers were postponing the purchase of fertilizers from autumn until the end of 2021, expecting a decrease in prices, but the cost of saltpeter only grew. Now the needs of the agro-industrial complex exceed the capacity of producers by 100 thousand tons per month.

https://www.kommersant.ru/doc/5204850

 

The group "Airplane" goes to Tyumen

Group "Airplane» will build a residential complex with a total area of ​​over200,000 sq. m in the northeast of Tyumen. For these purposes, the company acquired a plot of 22.7 hectares in the Leninsky district of the city. In addition to the residential part, the project will include social infrastructure facilities, including a kindergarten and a school, her representative says. The project is expected to be fully completed by 2027.

https://www.vedomosti.ru/realty/articles/2022/02/06/908071-samolet-tyumen