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. Last Updated: 07/27/2016

Business in Brief

LUKoil May Revive Exports



LUKoil plans to increase its supplies of oil to Germany through the Druzhba pipeline to levels last shipped in January to May, Interfax reported Monday, citing an unidentified company official.

The official declined to say how much oil would be shipped next month after supplies were disrupted this summer, Interfax reported. (Bloomberg)




Thales Wins Army Order



TOULOUSE, France -- Thales, Europe's largest maker of defense electronics, won a contract to supply the Russian military with thermal imaging cameras, the French company said in a statement Monday.

Thales received the order from state-owned arms trader Rosoboronexport to deliver 100 Catherine FC thermal imaging cameras that will be installed on T-90 armored vehicles, the company said. The contract price was not disclosed. (Bloomberg)




Chaika Probes Mobile Sales



Prosecutor General Yury Chaika said Monday that his office had opened an investigation into the illegal sale of mobile phones confiscated by police officers.

Chaika told a news conference that his office had started an inquiry into whether Interior Ministry officers have been selling phones confiscated for suspected smuggling instead of destroying them, Ekho Moskvy radio reported.

A number of leading phone retailers have recently accused Interior Ministry officials of abusing of their powers to seize shipments of phones only to have them sold on in collusion with other companies at discounted prices. (MT)




Coca-Cola's First Kvas Batch



Coca-Cola produced its first bottles of kvas as it considers starting sales of the bread-based beverage in the country, Vedomosti reported Monday.

Coca-Cola produced a testing batch under the name of Kruzhka & Bochka, or Mug & Barrel, at the Samko brewery in Penza, company spokesman Vladimir Kravtsov said, the newspaper reported. (Bloomberg)




Libya Buys 6 Yak-130s



Libya has concluded a deal with plane maker Irkut to buy six Yak-130 trainer aircraft, Interfax reported Monday.

"Today we signed a contract to deliver six Yak-130s to Libya," said Oleg Demchenko, president of Irkut, Interfax reported. Demchenko also noted that Irkut previously made deals to supply Algeria with 16 Yak-130s and the Air Force with a further 12 units of the aircraft. (MT)




Turkish Smuggler Nabbed



The Federal Customs Service at Domodedovo Airport has instituted criminal proceedings against a Turkish diplomat for smuggling electronic equipment, Interfax reported Monday.

The diplomat, Anil Chichek, is accused of labeling diplomatic baggage weighing more than a half ton as containing items, including a microwave oven and a vacuum cleaner, for personal use. On further inspection, customs officials discovered that the cargo contained Sony audiovisual equipment worth around 1 million rubles ($39,000), the agency reported.

Domodedovo Airport customs officials have previously requested the Foreign Ministry to revoke Chichek's diplomatic immunity, Interfax said. (MT)




Detsky Mir Opens 2 Stores



Toy retailer Detsky Mir Group opened two new stores in Moscow on Saturday, Prime-Tass reported Monday.

The two outlets have floor spaces of 1,700 square meters and 2,400 square meters and will stock around 50,000 items. The company said it would open supermarkets in Kemerovo and Barnaul in September, the news agency reported. (MT)




Kazakhs Buy Rompetrol



ALMATY, Kazakhstan -- KazMunaiGaz, Kazakhstan's state-owned oil and gas company, bought a 75 percent stake in Rompetrol Group, Romania's second-largest oil company, the two companies said Monday.

Ilya Pustogachev, a spokesman for KazMunaiGaz, and Rompetrol spokesman Bogdan Urzica both declined to specify how much the Kazakh company agreed to pay. A news release on the Balkan company's web site valued the entire group at $3.6 billion. At that level, a 75 percent stake would be worth $2.7 billion. (Bloomberg)




Chaika Probes Mobile Sales



Prosecutor General Yury Chaika said Monday that his office had opened an investigation into the illegal sale of mobile phones confiscated by police officers.

Chaika told a news conference that his office had started an inquiry into whether Interior Ministry officers have been selling on phones confiscated for suspected smuggling instead of destroying them, Ekho Moskvy reported.

A number of leading phone retailers have recently accused Interior Ministry officials of abusing of their powers to seize shipments of phones only to have them sold on in collusion with other companies at discounted prices. (MT)