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. Last Updated: 07/27/2016

Business in Brief

Spy Tipped for Pipeline Role



An official with the Foreign Intelligence Service may join the management of the Chevron-led Caspian Pipeline Consortium, Kommersant reported Friday, citing unidentified people familiar with the situation.

Alexander Blagov, a department head in the Foreign Intelligence Service, may replace Vladimir Nemtsev as the group's deputy head for relations with the government, the newspaper said. (Bloomberg)




Price Growth Slows Down



Consumer price growth slowed "significantly" at the beginning of this month as food became cheaper, the Economic Development and Trade Ministry's chief forecaster said Friday, RIA-Novosti reported.

Consumer prices increased 0.2 percent in the first week of November, Andrei Klepach said. (Bloomberg)




Bryntsalov-A Hearing



Four executives at pharmaceuticals firm Bryntsalov-A will soon face charges in court of copyright violations and illegal sales of medical alcohol, Interior Ministry investigators said Friday, Interfax reported.

Those to be arraigned include the company's general director, Tatyana Bryntsalova, who is the sister of company founder Vladimir Bryntsalov, and three other executives. (MT)




Evraz Seeks $3.2Bln Loan



Steelmaker Evraz Group wants to borrow $3.2 billion, Interfax reported, citing an unidentified banker.

The loan will come in two parts, due to mature in three and five years, Interfax said. The first part is a five-year $2.7 billion loan secured by export revenue and the second a $500 million unsecured loan for three years, Interfax said. (Bloomberg)




Ad Seller Halts Deals



Television advertising seller Video International halted transactions to put ads on Channel One next year, as the broadcaster seeks to raise airtime prices, Kommersant reported Friday, citing officials from both companies.

State-run Channel One's decision, which could be made public in the next few days, could push prices higher than the 60 percent increase already expected in 2008 because of legal changes that reduce the permitted advertising time, the newspaper said. (Bloomberg)




Wheat Exports Up 55%



Wheat exports soared 55 percent to a record in September as traders accelerated shipments before new export duties are introduced next week.

The country shipped 2.14 million tons of grain in September compared with 1.38 million tons a year earlier, Federal Customs Service said in a statement Friday. That brought wheat exports so far this year to 8.2 million tons, worth $1.8 billion. (Bloomberg)




Gazprom Eyes Plants



FRANKFURT -- Gazprom and Germany's E.On Ruhrgas want to build projects including a new gas-fired power plant in Lubmin in eastern Germany near the Baltic Sea, the Frankfurter Allgemeine Zeitung reported.

"At least two [projects] are well advanced," Gazprom deputy CEO Alexander Medvedev said, the newspaper reported. He said the other project was to be located in Eisenhuettenstadt, also in eastern Germany. (Reuters)