By John Helmer in Moscow
Uralchem is the latest of Russia’s fertilizer producers and exporters to ask the London stock market to subscribe funds on trust. Between $496 million and $642 million worth of trust, according to the document entitled “Preliminary Prospectus” issued for Uralchem on April 19. The offerors are Renaissance Capital, Morgan Stanley, UBS, and Unicredit, with a hand in broking from Russia’s state savings institution, Sberbank.
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By John Helmer in Moscow
Sergei Generalov, controlling shareholder and chief executive of Far Eastern Shipping Company (Fesco), has issued an investor presentation on last year’s results without audited financial details. The leak appears to be a repeat of last week’s financial advertorial in London by Russian tanker fleet company, Sovcomflot, except that Fesco denies being responsible for the disclosure.
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By John Helmer in Moscow
Alrosa has referred to the criminal prosecutors and the Russian courts the investigation of a case of substitution of low-value synthetic stones in a batch of Alrosa rough that was sold to a foreign client. Andrei Polyakov, the company spokesman, told PolishedPrices.com that a case of substitution had been discovered “recently”. He declined to say who is suspected, and how exactly the substitution was pulled off. The evidence will appear in court, Polyakov added, and “it’s up to the law enforcement services to find who is guilty”.
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By John Helmer in Moscow
The oldest form of Chinese wrestling (jǐao dǐ) involved the contestants literally locking horns with the objective of head-butting each other into insensibility. Half a millennium later, the Chinese emperors decided that there was more military value in training their soldiers to knock opponents off their feet.
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By John Helmer in Moscow
According to the clinical experts, premature ejaculation is a common phenomenon that is most often caused by anxiety and overstimulation. One of the expert manuals suggests that psychological factors, such as guilt, may also be relevant. With time, the condition usually improves without formal treatment.
| Pharmaceutical stimulants are known to remedy the physiological symptoms, speed up the cure, and protract effective performance. When it comes to the financial organs, though, on display in open share markets, there is no comparable treatment for repetitive promises of listings that are not consummated. |  |
By John Helmer in Moscow
In a move that has drawn immediate skepticism in the Russian steel industry, Alexei Mordashov’s Severstal group has entered the bidding for the Ukraine’s fourth steel maker, Zaporizhstal, which is currently owned by four shareholders — Eduard Shifrin and Alex Schnaider of the Midland group; Igor Butler and Vitaly Satsky.
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By John Helmer in Moscow
In case you haven’t realized, Russia is now running third in the league of world grain exporters, trailing the US and Canada, but ahead of Australia. (China remains the world’s largest producer of wheat, but eats it all up.)
With the aim of competing against government wheat marketing companies like the Canada Wheat Board and the now privatized Australian Wheat Board, and hoping to take 9% of the global grain trade for itself, Russia’s state-owned United Grain Company (OZK) has signed memoranda of intention for new grain loading terminals at seven ports, including two in Estonia. Established just over a year ago in Moscow by consolidating the state stakes in 31 domestic grain companies, OZK is also aiming to become the dominant Russian grain exporter, beating out the commercial traders with a target 40% of export volumes within five years.
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