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. Last Updated: 07/27/2016

Business in Brief

One Miner Found Alive

Rescue workers on Sunday morning found one of six workers trapped in a Mechel coal mine after its roof collapsed Friday, Interfax reported.

Three of the miners were found dead, the news agency reported, and the other two remain unaccounted for Sunday evening. (MT)

Aeroflot's Boeing Delay

Aeroflot expects Boeing to delay delivery of 22,787 Dreamliners by more than two years from the initially planned 2014, Aeroflot CEO Valery Okulov said Friday.

Aeroflot last year agreed to pay nearly $6 billion for 22 Boeing 787 Dreamliners and the same number of A350 planes of rival Airbus. (Reuters)

Pyramid Firm May Fold

A financial pyramid company called Ekonomichesky Alyans, which promises investors a monthly return of up to 14 percent, will likely soon collapse after announcing payment delays, Kommersant reported Friday.

The newspaper reported that law enforcement authorities have long been aware of the company but have not been able to do anything about the scheme, which has more than 8,000 clients. (MT)

Svyaznoi Loses Appeal

The Moscow Arbitration Court has upheld 2.8 billion rubles ($121 million) in tax claims against cell phone retailer Svyaznoi, Kommersant reported Friday

The ruling could lead to tax authorities gaining control over Svyaznoi, the newspaper reported. (MT)

UES to Stop Trading on RTS

Trade in Unified Energy System will be suspended on the RTS next week, the exchange said Friday.

RTS said in a statement that trade would be suspended from Monday on the dollar market and Saturday on the section where settlements are made in rubles. (Reuters)

Trade Surplus Increases

The trade surplus was $67.5 billion this year through April, the Economic Development Ministry said Friday.

The surplus increased from $39.5 billion in January through April of last year, the said. (Bloomberg)

Consumer Prices Forecast

Consumer prices may have risen 1 to 1.1 percent in May, the Economic Development Ministry said Friday.

The ministry said it expected prices to have climbed 7.4 percent to 7.5 percent in 2008 through May. (Bloomberg)

For the Record

Severstal made a formal offer of $17 per share for U.S.-based Esmark that will end midnight June 26, the steelmaker said Friday. (Bloomberg)

Unified Energy System said Friday that it received the payments for the sale of the state's stake in TGK-2 and that it would not re-sell the stake. (Reuters)

ArcelorMittal is talking to metal services company Inprom about forming a "strategic" partnership in the former Soviet Union. (Bloomberg)

Diamond miner Alrosa may sell $1 billion of eurobonds this year and raise $3 billion to $4 billion in an IPO as early as next year, CEO Sergei Vybornov said, Interfax reported Friday. (Bloomberg)

Andrei Shishkin stepped down as CEO of TGK-10 and joined rival Integrated Energy System, owned by billionaire Viktor Vekselberg. (Bloomberg)