Russia’s state development bank VEB wants to finance the creation of a new regional jetliner following last week’s air crash that killed a local hockey team, Chairman Vladimir Dmitriev said.
The $50 billion makeover of Sochi is visible from space.
VEB, Russia’s state development bank, boosted its infrastructure and industry lending 77 percent last year to 230 billion rubles ($7.4 billion), Prime Minister Vladimir Putin said.
United Co. Rusal, the largest aluminum producer, said new rules on warehousing threaten to worsen a supply shortfall, helping drive up the premiums buyers pay for swift delivery to 50 percent of the market price.
OAO Gazprom Neft, the oil arm of Russia’s natural-gas exporter, OAO Gazprom , today signed an agreement to take a stake in Eni SpA’s Elephant oil project in Libya.
E.ON AG agreed to sell its 3.5 percent stake in OAO Gazprom , the world’s biggest gas producer, for 3.4 billion euros ($4.5 billion) to cut debt.
"Times have changed, and access to previous sources of financing is practically closed for us."
- Vladimir Dmitriev on Oct 30, 2014