Articles by Dmitry Simakov

Amendments to Law on Agricultural Lands: Investor's Perspective

  • 06 April 11
  • Ernst & Young Moscow
All land in Russia is divided into seven categories, according to its designated purpose and the limitations of its use. According to statistics, as of Jan. 1, 2010, agricultural land is the second-biggest category with 23.4 percent of the total area of land in Russia, the first being forest land with 64.8 percent. The same statistics show that land suitable for commercial construction (industrial land and settlements) makes up only 2.2 percent of the total area of land.

Sistema to Tap Rakhimov for Bashneft’s Board

Murtaza Rakhimov, who recently resigned his post of president of Bashkortostan, will help holding company Sistema manage oil-producer Bashneft as part of the oil company's board of directors, three sources told Vedomosti.

Deripaska Proposed for Norilsk Board

United Company RusAl's largest shareholder, Oleg Deripaska, could return to the board of Norilsk Nickel, perhaps to raise the question once again of a possible merger of the two Russian metals giants.

City Moves to Bankrupt Beleaguered Moskvich

City Hall has begun bankruptcy proceedings against the comatose Moskvich car factory in a push to attract investment that could breathe new life into the facility.

Railways Ministry Assets Put at $41Bln

The Railways Ministry's core assets are worth between 1.25 trillion and 1.3 trillion rubles ($41.3 billion), according to a preliminary inventory by the Railways and Property ministries.