Alexey Mordashov, who has lost about $1.4 billion of his fortune in a year from a slump in steelmaker OAO Severstal’s shares, says countries need to agree on global cuts in output to save the industry from itself.
Russia would gain effective control of the proposed merger of OAO GMK Norilsk Nickel, Evraz Group SA and other metals producers should it acquire a minority stake, the head of the Federal Antimonopoly Service’s said.
OAO Aeroflot’s potential takeover of Rosavia, a group of Russian regional carriers, will be reviewed by the competition watchdog within two months, Federal Anti- Monopoly Service Chief Igor Artemyev said.
Russia is taking legal action to block companies controlled by Iran from acquiring the strategic Astrakhan port on the Caspian Sea in violation of United Nations sanctions, the Russian competition watchdog chief said.
TNK-BP may be fined 1.8 billion rubles ($57 million) in the so-called third wave of cases into high fuel prices, Interfax reported, citing Igor Artemyev, the head of Russia’s Federal Anti-Monopoly Service.
Russia’s competition watchdog plans to fine four of the country’s largest oil producers for inflating diesel prices at the end of 2010 and beginning of 2011, RIA Novosti reported, citing Igor Artemyev, the head of the Federal Anti-Monopoly Service.
ICE Trust U.S. LLC, the world’s largest clearinghouse for credit-default swaps, withdrew its Nov. 12 application to the U.S. Commodity Futures Trading Commission to be registered as a designated clearing organization.
Russian authorities are trying to settle a dispute with Telenor ASA by October involving the company’s purchase of a stake in VimpelCom Ltd., Vedomosti newspaper reported, citing Igor Artemyev, head of the Federal Anti-Monopoly Service.