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PRESS: Fortum wants to replace thermal plants with solar, wind pwr

MOSCOW, Jan 18 (PRIME)
Russian power producer Fortum has suggested the government replace inefficient thermal power generation with solar and wind power plants, business daily Kommersant reported on Monday, citing a letter by CEO Alexander Chuvayev.

Report: US plans sanctions vs Russian pipe layer Fortuna

MOSCOW, Jan 18 (PRIME)
The U.S. plans to impose sanctions against Russian pipe-laying vessel Fortuna involved in construction of the Nord Stream-2 gas pipeline, Bloomberg reported Monday.

Mechel says raises metal products sales 4% to 1.5 mln tns in 2020

MOSCOW, Jan 18 (PRIME)
Russian metals and mining group Mechel’s sales company Mechel Service raised sales of metal products by 4% on the year to 1.52 million tonnes in 2020, the company said in a statement on Monday.

FOCUS: Ozon likely to rally till financial report sets further mood

MOSCOW, Jan 18 (PRIME)
Investors still demonstrate great appetite for receipts of Russian online marketplace Ozon after its auspicious floatation less than two months ago both at home and in the U.S., and analysts think the mood could last up to three months till quarterly reports guide the stock.
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MOSCOW, Dec 16 (PRIME) -- The World Bank has upgraded its forecast for contraction of Russia’s gross domestic product (GDP) in 2020 to 4% from 5%, and expects the GDP to rise 2.6% in 2021, Lead Economist for Russia Apurva Sanghi told PRIME on Wednesday.
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