Articles by Yuriy Humber



Millionaires Shun Dollar, Swiss Banks to Seek Risk

  • 14 September 09
  • Bloomberg
With the financial crisis having dispelled the notion that some assets can be safe havens, rich Russians are losing interest in Swiss bank accounts and the dollar, opting instead for the larger risk and potential gains of investing at home.  

Millionaires Return to U.S. Real Estate

  • 21 July 09
  • Bloomberg
Russian millionaires are returning to the United States property market, lured by distressed sales and the rubleТs rise against the dollar, lawyer Edward Mermelstein said.

Polymetal: Precious Metal Panic Is Over

  • 13 February 09
  • Bloomberg
The silver miner says the worst of the sell-off is over, though there are still many sellers trying to exit the business.

Banks Should Merge, Miners Unclear

  • 28 January 09
  • Bloomberg
Prime Minister Vladimir Putin said Russian metals companies should only merge with rivals to enhance competitiveness, not simply to consolidate debt, and that the state had not yet decided whether to back a proposed merger.

Oligarchs Lose $230Bln in Collapse

  • 13 October 08
  • Bloomberg
The country's 25 richest people have lost 62 percent of their wealth since May.

Moscow's Georgians Tell of Harassment

  • 20 August 08
  • Bloomberg
Boris Bondo says he fled to Moscow from his native Georgia 15 years ago to escape violence. Now the conflict has caught up with him.

Evraz to Put $1.8Bln Into New Output

  • 29 May 08
  • Bloomberg
Evraz Group, a steelmaker part-owned by Roman Abramovich, will spend $1.8 billion to boost domestic output amid record demand for building materials and railroad track.

Determined Deripaska Casts a Long Shadow

  • 28 April 08
  • Bloomberg
A table laid out with platters of blini, beets and caviar and a bottle of 2001 Montrachet awaits Oleg Deripaska and his guests in a dining room at his Moscow headquarters. While others dig in, Deripaska sips only black tea and nibbles on toast.

Deripaska Setback in PPF Case

  • 17 April 08
  • Bloomberg
Billionaire Oleg Deripaska lost a court case brought by Czech fund PPF Investments over his insurer Ingosstrakh.

Ivanovo Becoming A City of Mothers

  • 01 April 08
  • Bloomberg
Known as the country's ""City of Brides,"" the former home to Soviet-era textile mills has a birthrate well above the national average.

Rosatom Set for Big Expansion

  • 17 March 08
  • Bloomberg
On the back of booming global energy needs, the country seeks to build as many as 60 nuclear plants abroad by 2030.

Key Potash Sources Go to Silvinit

  • 13 March 08
  • Bloomberg
Silvinit, the country's biggest producer of potash, beat rival Uralkali and five others for the right to develop one of Russia's biggest untapped sources of the soil nutrient, the Natural Resources Ministry said Wednesday.

BasEl Picks Hong Kong for Metals Firm IPO

  • 19 February 08
  • Bloomberg
Oleg Deripaska, the country's richest man, picked Hong Kong as the venue for his first initial public offering -- a planned share sale this year by copper and molybdenum producer SMR.

Norilsk Gains as RusAl Favored

  • 21 December 07
  • Bloomberg
Norilsk Nickel, the country's biggest miner, gained for a third day in London trading as investors bet United Company RusAl majority owner Oleg Deripaska will acquire a stake in the company and eventually take it over.

Norilsk Gains as RusAl Favored

  • 21 December 07
  • Bloomberg
Norilsk Nickel, the country's biggest miner, gained for a third day in London trading as investors bet United Company RusAl majority owner Oleg Deripaska will acquire a stake in the company and eventually take it over.

RusAl Could Block Norilsk's Power Spinoff, Citigroup Says

  • 27 November 07
  • Bloomberg
United Company Rusal, which agreed to acquire a 25 percent stake in Norilsk Nickel, may block the spinoff of electricity assets planned by Russia's biggest miner, Citigroup said Monday.

RusAl Could Block Norilsk's Power Spinoff, Citigroup Says

  • 27 November 07
  • Bloomberg
United Company Rusal, which agreed to acquire a 25 percent stake in Norilsk Nickel, may block the spinoff of electricity assets planned by Russia's biggest miner, Citigroup said Monday.

E.On, Gazprom Strike Power Deals

  • 17 September 07
  • Bloomberg
German utility E.On and Gazprom agreed to spend a combined 217.6 billion rubles ($8.6 billion) to gain control of a power generator apiece as the state exits the industry.

UES May Beef Up Trading Unit

  • 25 January 07
  • Bloomberg
Inter RAO UES could get energy plants not included in the generation firms formed in the power-sector reforms of the last two years .

Total Oil Field Under Scrutiny

  • 22 December 06
  • Bloomberg
The subsoil agency says the oil majorТs reserves at its Kharyaga field have not been properly assessed.

Putin Seeks to Form State Nuclear Firm

  • 07 November 06
  • Bloomberg
President Vladimir Putin wants to give state companies the right to own the nation's nuclear assets and have power to form joint ventures with foreign operators, making the industry more efficient, a State Duma deputy said.

SuperJet-100 Threatened by U.S. Ban, Sukhoi Says

  • 23 October 06
  • Bloomberg
Sukhoi Civil Aircraft said Friday that U.S. trade sanctions might hamper component supplies for the company's planned SuperJet-100 regional airliner.

Trying to Break 1,000 Rubles

Curious about how difficult it would be to get change, a reporter stopped by 15 small stores, kiosks and food stands. The mission: exchange a 1,000-ruble bill for two 500-ruble bills.

Inefficiency May Lead to Gas Imports by 2050

  • 11 October 06
  • Bloomberg
Russia, the world's largest exporter of natural gas, may have to import gas by 2050, as energy inefficiency at home uses up gas for export, Igor Bashmakov, executive director of the Center for Energy Efficiency, said Tuesday.

Power and Ambition on Deripaska's Watch

When rival business factions were fighting for control of the Sayanogorsk aluminum smelter in the early 1990s, its young director often kept watch at the plant overnight. Locals say some nights he slept on the factory floor.

RusAl to Add $8Bln to Spending

Russian Aluminum, the worldТs No. 3 aluminum maker, has doubled its investment program through 2013 to $16.7 billion, to account for buys in the power sector and factory upgrades, a senior company official said Thursday.

RusAl Considers Smelter in Guinea

Russian Aluminum is considering building an aluminum smelter to expand its extensive bauxite operations in Guinea, a Guinean official said Monday.

Mordashov Alone in Merger Call

Three of the country's five top steel companies said Thursday that they had little desire for mergers, leaving it to Severstal Group head Alexei Mordashov to push for industry consolidation.

Arms Trader Makes First Titanium Buy

With the $1.12 billion stake, the Rosoboronexport is close controlling VSMPO-Avisma.

State to Register Uranium Miner by End of Year

The government will establish a national uranium mining champion by the end of the year as the country looks to boost its production tenfold over the next two years, a top nuclear official said Tuesday.