Category Archives: Business

The Russians once again reduced purchases of detergents and household chemicals

Photo: Roman Pimenov / inter / TASS

Household products in Russia are bought less — in real terms, sales fell by 2.5% year-on-year. Network compensate for this by cosmetics, the demand for which, on the contrary, strongly growing

Universal savings

The Russian market for home care (detergents, washing powders) continues to fall in real terms. This is evidenced by research company Nielsen (have RBC).

In real terms sales for the year ended in the first quarter of 2017, down 2.5% year — on 1,6%. Demand from buyers has declined, despite the fact that prices rose more slowly than in the previous year. The price increase of 5% compared to 18.3% a year earlier. As a result of these two factors in monetary terms, the market grew by 2.1% year — on-year by 11.5% (in absolute numbers of researchers are not disclosed).

The Russian market of detergents and cleaning products is reduced since the third quarter of 2016, confirms the General unit Manager Henkel Laundry & Home Care Tomas Duffek. Consumers are looking for more economical products, according to a study by Nielsen. “Russians stick to savings behaviors and switch to economical consumption,” explains the Director of global companies Nielsen Russia Marina Lapenkova.

On the background of General stagnation significantly increased sales of universal tools that can be used for multiple purposes. Their sales grew by 14.9% in volume and 20.2% in cash. Demand with specialized detergents has shifted to means that are suitable for any clothes. Increased sales of liquid, gels for washing, because they are consumed more economically than traditional powders, say Lapenkova and Duffek. Buyers consider how many washes will last one powder packing, agrees Director of sales drogerie-network “Smile of the rainbow” Maria Mironovskaya.

“Consumers, on the one hand, low on money, and on the other are mentally tired to save,” — says Mironov. In this situation, the demand for luxury international brands is declining, and sales of products under own trade mark (STM) retailers or not very well-known brands, in contrast, are growing, she says. According to the “Smile of the rainbow”, every other product sold in network, is STM.

However, in General, the market for home care private label represented “not very well”, according to the materials of Nielsen. How much the market falls on the STM, the researchers did not disclose, but indicate that total sales of private brands, the largest share of air fresheners (24.9% in real terms), means for cleaning pipes (18.3%) and bleach (17.1 per cent). Meanwhile, in most major categories — detergents, cleaning products and preparations for washing the utensils — the impact of private labels “almost minimal,” the study says. “Networks are more difficult to compete with international manufacturers, who already have high-quality and affordable from the point of view price brands,” says Lapenkova.

Photo: Alexander Podshivalov / Lori

Beauty instead of washing

The largest niche in the sales tools for home care, according to Nielsen, is a specialty stores was 31% in monetary terms. However, sales of household chemicals in them are stagnating, falling for the year in rubles by 0.7%. While sales in supermarkets and hypermarkets, by contrast, grew by 7% and 2% respectively.

Respondents RBC representatives of networks of drogerie (to combine the range of household chemicals and cosmetics) noticed a reduction in the demand for tools for the home, but say that could compensate him for the expense of cosmetics. That the main sales driver was the cosmetics, RBC said Dmitry Scherbakov, owner of drogerie “Sangi Style” — the second largest company in the market. Earlier in the message about the results of the 2016 network “Smile of the rainbow”, said that the main direction of its development in 2017 will be the makeup.

The Russians have reallocated expenditures in favor of personal care products and beauty. In particular, the purchase of products for facial care grew by 28% in value and 9% in units, according to a study by GfK on trends in the FMCG market and retail sales in Russia in 2016. This year has been for the Russian market of cosmetics and perfumes are more successful than 2015, concluded the analysts of marketing Agency “RBC. The study of markets.” In 2016, the market grew by 3% to 509,5 billion rubles, and in 2017 it’s projected to grow by 6.7%, to 543,8 billion rubles and exceed pre-crisis levels in 2014, predict the researchers.

In the end, despite the weak dynamics of the market of household chemicals, the number drogerie continues to grow. The market leader “Magnit cosmetics” (“Magnet”) opened in 2016 986 stores and plans to open in 2017 1 thousand Network “Smile of the rainbow” has increased in 2016 to 90 stores, and over the next three years expects to grow more than twice — at least up to 1 thousand outlets. Come out to the market and new players. In 2016 the French group Auchan has launched a network Lillapois, and founder of “First decision” (brand “Recipes grandmother Agafia”) and “Natura siberika” Andrey Trubnikov opened Agafia Shop. In 2017, a former shareholder of a network “copeck” Alexander Samonov has launched a drogerie stores under the guise DM.

VEB announced the final stage of negotiations for the sale of Ukrainian “daughter”

The Bank has received a total of four offers to purchase its assets in Ukraine, said the Chairman of state Corporation Sergey Gorkov. He did not name potential buyers but said they all came from the Ukrainian jurisdiction

Negotiating the sale of Ukrainian assets to VEB entered the final stage, the Bank received a total of four proposals, said its head, Sergei Gorkov, on the sidelines of the Krasnoyarsk economic forum.

“We are in an advanced stage, we have installed all the proposals in more detail after the may holidays will be able to tell. There were several suggestions, there are three of them, engaged in their clarification. As you know, the deal is not easy, there are a lot of options” — quoted by TASS Gor.

He later told me about another offer. “We are in the final stage, we have three sentences, even there was one for four. It was just a week ago, maybe 10 days,” — said the head of VEB. He did not name candidates, but said that they all work in the Ukrainian jurisdiction.

“Due to the fact that there was in the last stage of the new investors, we want them to implement this project effectively, so we use any opportunity,” said Gorkov.

The Rosselkhoznadzor found avian flu in the largest producer of turkeys

Growing turkeys on a poultry farm

Photo: Sergei Vdovin / inter / TASS

At the site of the largest producer of Turkey in Russia — the company “Evrodon” — the second time in a few months recorded case of bird flu. In this regard, one of the sites already destroyed 42 thousand birds

The Federal service for veterinary and phytosanitary surveillance reported a new case of registration of a flu of birds at the site “Evrodon” — the largest Russian producer of Turkey meat.

As they say in the message of Rosselkhoznadzor, influenza a virus subtype H5 was detected in pathological material, selected from turkeys, contained in the rearing plot No. 7, LLC “Evrodon-South”. This plot is situated 1.5 km from the village of Markin Oktyabrsky district of Rostov region, said the Agency.

As told RBC representative of the GC “Evrodon” Olga Grekova, the group “took measures to prevent the possible spread of disease.” On the site of the destroyed 42 thousand heads. According to preliminary data, the value of the destroyed poultry may be about 16 million rubles. The final tally of losses taking into account costs for disposal and quarantine measures will be made after completion of the work, said Grekov.

The nidus is located 5 km from Markinskaya farm, which is a holding company Provimi to Cargill. Earlier it was also discovered flu and destroyed all the population — 230 thousand birds, wrote “Vedomosti”.

The representative of “Eurodon” also reported that the detected strain is not dangerous to humans. Now the company holds all required in such cases events. A state Commission that will control and determine the necessary measures for the recovery of this territory, assured Grekov.

A month ago — March 20, RBC wrote about the lifting of the quarantine imposed in connection with bird flu in early 2017 in Krasnosulinsky and Oktyabrsky districts of the Rostov region. The flu was found in December 2016 in areas of cultivation No. 10 (Krasnosulinsky district) and № 2, as well as on the territory of the storehouses (Oktyabrsky district), LLC “Evrodon”. A bird in the outbreak of the disease has been eliminated. Then, as a result of the outbreak of “Evrodon” had to be destroyed 160 thousand heads of birds. The company has estimated losses of more than $ 1 billion.

In 2016, “Evrodon” has made 74,5 thousand tons of Turkey meat. Financial performance for the year 2016 have not been published. The group’s revenue in 2015 amounted to 5.3 billion rubles, net profit — 1 million rubles.

The FAS did not accept the tender of “Transneft” for the purchase of pipes 50 billion rubles.

Photo: Vladimir horovi / TASS

Once the trader of tubular cargo the company won the manufacturers tender “Transneft” for the supply of 50 billion rubles, the Federal Antimonopoly service recommended that the customer review the terms of the purchase

Trader of pipe freight company (THC, is 85.5% owned by Alexander Karmanov through the Eurasian pipeline consortium) became the winner of competition on delivery of Transneft pipes 50 billion RUB for main pipelines. Deliveries will be made within three years from 2017 to 2020. Applications for participation in competition have also filed three of the largest Russian manufacturer — Izhora pipe plant (ITZ, owns “Severstal” Alexey Mordashov), pipe metallurgical company (TMK owner Dmitry Pumpyansky) and Vyksa steel works (VMZ, part of OMK Anatoly Sedykh). The competition allowed all but ITZ.

According to the Protocol of the procurement, TGC has offered the highest discount percentage for each individual position is 1.7%. However, the conditions of the tender, which was won not a manufacturer, an intermediary, has attracted the attention of the FAS. “FAS found the actions of the customer evidence of violations of procurement law, and intends to apply to the “Transneft” with information about the detected signs of violations and information on the feasibility of renegotiation of the purchase,” said RBC Deputy head of the FAS, We Petrosian.

As told Petrosyan, FAS received two complaints against “Transneft” in the conduct of this procurement (room 31704959589), but prior to their consideration on the merits, the applicants withdrew their. FAS however studied the procurement and found out that “Transneft” have combined in one lot of miscellaneous pipe items — large, middle and small diameter. “The production of such pipes is made of various economic entities. In addition, part of lot 20 United the needs of customers located in different regions of Russia. All of this can lead to restriction of number of procurement participants”, — said Petrosyan. The procurement law does not allow the Antimonopoly authority to conduct an unscheduled inspection of the customer’s actions in case the complaint will be withdrawn and issue an order to eliminate violations.

Company Alexander Karmanov regularly win tenders “Transneft” for the supply of pipes, bypassing the largest Russian producers CHTPZ, Severstal, OMK and TMK. In “Severstal”, OMK, and TMK declined to comment. As stated to journalists the press-Secretary of “Transneft” Igor Demin, “the initial (maximum) contract price is 50 billion rubles is to last for the entire term of the contract for all customers on the lot (20 companies “Transneft”. — RBC). The company will purchase the pipe by the parties in accordance with the terms of the agreement, and if the three-year requirement in the pipes will be less than 50 billion rubles, the monopoly will purchase the pipes on the actual amount of needs.” According to him, in accordance with the recommendations of the Ministry of industry and trade of the Russian pipe companies, together with “Transneft” it was necessary to study the issue of long-term contracts for the supply of tubular products with a price formula taking account of domestic indexes.

The same method — setting large lots — long used Gazprom, and the FAS tried for years to change this practice. The head of Department Igor Artemyev even complained about it to Vladimir Putin. In 2013, after the FAS initiated a case on the restriction of competition in the market of large diameter pipes in respect of “Gazprom” and the company SETP Arkady and Boris Rotenberg, who until 2013 was the mediator and took all the large lots, the monopoly began to break them. Truboprovodnay began to win more orders, and Rothenberg decided to go out of business because its profitability has fallen sharply. Now tenders “Gazprom” producers get more than half the lots, and pipe trader “Pipe innovation technologies” Ivan Shabalova — up to 30%.

Who is Alexander Karmanov

In the Pockets of school years was fond of judo, on this basis, met other judo Arkady and Boris Rotenberg, told “Vedomosti”. In the beginning of Ziyavudin Magomedov called him to work as a CEO in the firm, which has supplied pipes for “Gazprom” a share in the company was owned by Boris Rotenberg. Many years later, Eurasian pipeline consortium (ETK) Karmanova has become one of the sponsors of the Russian national team and Petersburg’s judo club “yawara-Neva”, the founder of which was Arkady Rotenberg. In 2014, according to Forbes, UTC has won several major tenders “Transneft” for a total amount of 45 billion rubles In 2015, the Pockets took 6-th place in the ranking of the “Kings order” Forbes magazine — its structure complied with the contracts for the transportation and supply of large diameter pipes for Transneft and “Gazprom” in the amount to 51.3 billion rubles.

Alexander Karmanov is the business partner of famous fashion designer Valentin Yudashkin, owns the largest shares (flash memory cards 26,95%) in the “Valentin Yudashkin group”, which owns the company “Yudashkin fashion House”; to the designer owns 25% of the group.


Volkswagen will pay $2.8 billion in the case of “diesel scandal”

Photo: Patrick T. Fallon / Bloomberg

The U.S. court ruled against Volkswagen’s $2.8 billion in the case concerning VW scandal with understating of indicators of harmful emissions into the atmosphere

U.S. district judge Sean Cox ruled that Volkswagen with $2.8 billion for the establishment on vehicles with diesel engines the device Senigallia indications of harmful emissions, AP reports.

“Who could be harmed by such greed on the part of the Corporation? As I understand it, it’s not a VW managers with huge salaries and large bonuses. Always suffering little man,” said the judge.

The lawyer of the group, Jason Weinstein said that the penalty is reasonable and severe punishment.

The case concerned about 600 thousand diesel vehicles in the US, software which had been disconnected from monitoring emissions on the road and included it during inspections.

Volkswagen will also have to pay the sum of $1.5 billion in a civil lawsuit filed by state authorities of the United States. In addition, the company has allocated $11 billion for the purchase of cars with defects and the payment of compensation to the owners.

The investigation against Volkswagen was conducted by the U.S. authorities in 2014, when the software issue in diesel cars drew the attention of the Agency for the protection of the environment. The investigation revealed that the underestimated indicators of harmful emissions. The manufacturer recognized that the appropriate software is installed in 11 million vehicles worldwide. VW also offered to pay each owner a thousand dollars (half of this amount could be spent only at VW dealerships).

Alfa-Bank reached a settlement agreement with the structures Giner

Alfa-Bank reached a settlement agreement with the structures associated with the President of CSKA Evgeny Giner. The parties plan to approve the agreement to the meeting of the arbitral Tribunal on 27 April

Alfa-Bank reached a settlement agreement with companies related to the President of football club CSKA Yevgeny Giner, reports “RIA Novosti” from the Arbitration court of Moscow. The agreement relates to the claim of Alfa-Bank about collecting with “Eleks-the pole car”, 25% of which is owned by Giner, more than $91,6 million Claim of Alfa-Bank associated with the credit agreement dated March 27, 2013. The defendants in the suit are OOO “chudovskiy porcelain” and “Start-aviatsentr”, shares in which also owns Giner.

We are talking about the claim of Alfa-Bank filed Giner in 2016. Then the Bank representative said that the lawsuit against the President of CSKA is associated with the failure by the borrower conditions of the loan of $104 million Giner was the guarantor for this loan. In June, the petty-bourgeois court of Moscow has collected with Giner in excess of $98 million, to appease the demands of Alfa-Bank in full. Also with him and the two guarantors was confiscated debt on the loan in the amount of $3.57 million, the President of CSKA has filed an appeal against the decision but the Moscow city court rejected it.

That the Bank and Giner close to signing the settlement agreement, RBC reported in the press service of Alfa-Bank in March.

According to the Agency, a settlement agreement will be approved by the hearing scheduled for April 27. They were postponed because the judge Svetlana Belitskaya there were comments on some parts of the contract. In particular, the provisions on interim measures on the loan and the requirements to foreclose.

Rosneft intends to increase the order of “Gazprom” for new shipyard

The views of the shipbuilding complex “Zvezda”

Photo: Alexei Druzhinin / TASS

“Rosneft” has informed the government that wants to increase and expand the placing of shipbuilding orders of “Gazprom” at its new shipyard “Zvezda”. Gazprom to place a multibillion dollar order for the court and equipment for Arctic shelf development on an unfinished enterprise not in a hurry

Billions for a “Star”

Shipbuilding complex “Zvezda”, which build “Rosneft” and Gazprombank, risks to remain without orders “Gazprom” and NOVATEK, expected by the investors of the project. We are talking about ships and marine equipment such as mobile drilling rigs and fixed platforms designed for offshore fields development of Gazprom in the North sea and tankers for transportation of liquefied natural gas (LNG) to NOVATEK. The total volume of these orders was estimated at several hundred billion rubles.

In the letter “On placement of orders for SK “Star”, which Vice-President of “Rosneft” on energy localization and innovation, Andrey Shishkin has written to the Deputy Minister of energy Kirill Molodtsova March 10 (available to RBC), said that the company has offered to “Gazprom” to expand the list of orders for marine equipment for the Arctic shelf and place them at the shipyard “Zvezda”.

Rosneft was not satisfied with the schedule order of vessels and Maritime facilities “Gazprom” for the period up to 2035 (there RBC), according to which cutting of the first of six vessels for the Arctic shelf planned no earlier than 2021 and the conclusion of contracts on them — not earlier than the fourth quarter of 2020. According to Shishkin, it does not meet the instructions of the President from September 1, 2016 “On placement of orders for the shipbuilding complex “Zvezda” and paragraph 7 of the Protocol operational meeting of Russian security Council dated 28 January 2016 “On the conclusion of contracts for the construction of ships and marine equipment with JSC “dtsss”.

In a press-service “Gazprom” have refused comments. The energy Ministry also did not respond to a request RBC to comment on the document.

How did the project cluster “Star”

The shipbuilding industrial cluster “Star” is created in the city of Bolshoi Kamen in Primorsky Krai in 2009 on the basis of JSC “far Eastern center of shipbuilding and ship repair” (dtsss), which includes the shipyard “Zvezda” (DVZ) and the shipyard. Initially, the project was conducted by the United shipbuilding Corporation (USC) and South Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co (DSME). In 2012, DSME emerged from the project. In 2015 it was agreed that the Finance cluster will be engaged “Rosneft” and Gazprombank. Owned by OSK 75% stake in dtsss were transferred to an educated investor consortium “Modern shipbuilding technology” (STL, 89% of the subsidiary company “Rosneft” “RN-the Trance” and the rest of the “GPB-Industrial investments”, owned by Gazprombank).

The total cost of the project is estimated at 149 billion rubles, the complex will be built in three phases. In the “Star” will be able to build medium and large vessels, marine drilling, exploration and production platforms, ships serving the Navy, including ice class.

A newly built block of basic industries of shipbuilding complex “Zvezda”

Photo: Yuri Smityuk / TASS

Platform block

RBC source in “Rosneft” explained why the company is unhappy with the time frame in which the group expects to conclude contracts with contractors on Arctic projects. “The conclusion of the contract at the end of 2020 seems far-fetched reason to not order equipment from us, and abroad. To do a project of one vessel a year or two on the side is long: “Rosneft” is able to handle herself. Investing in marine technology it would be possible to schedule in 2018,” — said the interlocutor of RBC.

Rosneft also proposes to add a future order “Gazprom” on the stationary mining platform for the exploration kamennomysskoe-sea (gas reserves of 534 bcm) in the Ob-Tazovsky Bay and ice resistant block-designers for the arrangement of this field. Two years ago “Gazprom” has estimated this work in 190 billion. But, as reported in October 2016, “the Russian newspaper”, “Gazprom” intends to order a large portion of the production fixed platform for this field, launch of which is planned for 2025, on the shipyard “Zvezdochka” in Severodvinsk, owned by USC.

Thus in terms of orders “Gazprom” on the construction of ships have no fixed platform. Deputy Chairman of the Board “Gazprom” Vitaly Markelov, in a letter to the Vice-President of “Rosneft” Shishkin, which was attached to the plan of orders of the group, said that the schedule for the construction of marine equipment current at the end of 2016, is tentative and in need of improvement, including justification of investments for the resettlement of each individual field.

The preparations for the conclusion of the General contract in order for a vessel construction, according to Markelov, requires the bankruptcy procedures, if not will the government decree on the provision of “Star” status of a single supplier.

Alternative contractors

So far the only customer vessels at the new yard “Zvezda” is “Rosneft”. “At the moment, its order includes four multipurpose supply vessel ice class and five tankers of “Aframax”, running on gas fuel. The first supply ship ice class is planned to be commissioned in 2019,” — said RBC official representative of “Rosneft”. He added that negotiations with “Sovcomflot” on the order of construction is the “Star” of another five tankers of “Aframax” for oil transportation on the Baltic sea. To comment on the negotiations with “Gazprom” on the order volume at the shipyard, he refused.

The interlocutor of RBC, close to the company fesrc, estimated the cost of current orders at the shipyard in 70 billion rubles.

RBC source in “Gazprom” explained that it is not going to build ships for offshore development in the near future, because this issue yet investment decisions. “Field kamennomysskoe-sea have not dorazvedka, and we don’t know whether to develop it from a stationary platform and what should be its content. At this stage, to place any order on the platform — it’s a gamble. We have sent their proposals to Rosneft, but they have not agreed because I want that we built at its shipyards as a platform, and ice-resistant blocks. The cost of such platforms on the gravitational basis at current prices for the construction of the “Stars” will cost about $1 billion, and semi-submersible drilling rig, which is in the schedule, could cost about 50 billion rubles,” — said the interlocutor of RBC in monopoly. Ships for the offshore it would be possible to buy a ready-made, and at a discount, but taking into account the instructions of the President they are likely to be built at domestic shipyards, said the source of RBC.

He confirmed that since the government order on the appointment of the “Stars” are the only supplier in the offshore shipbuilding “Gazprom”, the concern should carry out the tenders. To order in addition to the “Stars” could claim the enterprise OSK — Vyborg shipyard and the shipyard “Asterisk” in Severodvinsk. They have successful experience of construction of offshore drilling equipment for Arctic shelf, says Director of the analytical center “gekon” Mikhail Grigoriev. The level of competence of personnel and technical capabilities in the emerging “Stars” such projects are still not clear, which creates risks for customers, the expert believes.

The cost of building one vessel operations in the Arctic shelf in the current world market price of $25-50 million depending on the design and technical content. During the construction at Norwegian shipyards it will take a year, calculated for RBC Vice-President of Songa Opus Offshore Drilling Alexander Zhilenkov. The construction of self-elevating offshore drilling rig to work in the Northern seas it is estimated to be $110-180 million, the construction period is a year and a half. Semi-submersible drilling rig will cost $250-500 million and two years of work to launch, a modern drill ship to us $600 million and the same period.

According to a source RBC in Rosneft, if “Gazprom” will place the entire order quantity of the planned construction of vessels and drilling rig even without the fixed platform, additional funding for the establishment of a shipbuilding cluster will be required.

The source of RBC in the Ministry of energy believes that “Gazprom” and “Rosneft” will sooner or later find the compromise. He confirmed that the order of the government, obliging “Gazprom” to build the entire volume of marine equipment from the plan for shelf development until 2035, at this shipyard yet.

Vladimir Putin (center) during a visit to the shipbuilding complex “Zvezda” in Bolshoi Kamen

Photo: Alexei Druzhinin / TASS

Tanker front

RBC sources in “Rosneft” and the Ministry of energy know about negotiations “Rosneft” NOVATEK on the placement of the “Star” of orders for marine equipment. Official representatives of NOVATEK and “Rosneft” this topic does not comment.

RBC source in NOVATEK said that the bulk of the orders of the court, for the project “Yamal LNG” is already posted on the South Korean shipyards, the last ships launched by 2019. In total for the project ordered 15 LNG carriers, some of which are already finished. Their total cost in 2014 was estimated at $5.5 billion.

The project “Arctic LNG 2” will be launched after 2023 and the court’s needs have not been ordered, according to the source in NOVATEK. “It is possible that we will be able to do by the courts for “Yamal LNG” and for this project,” he said. The Manager believes that for technological reasons in created on “Star” dry dock will be impossible to build tankers for LNG.

Deputies have prepared a bill about the elements of an offshore zone in Crimea

Boat station in Balaklava Bay

Photo: Ruslan shamukov / TASS

State Duma deputies have prepared a bill allowing to introduce elements of an offshore zone in Crimea and Sevastopol. The day before that such a project is discussed, RBC said the head of the Republic Sergey Aksenov

State Duma deputies have prepared a bill allowing to introduce elements of an offshore zone in Crimea. TASS Chairman of the Duma Committee on financial market Anatoly Aksakov at the Yalta international economic forum.

According to the MP, the main idea in the framework of the law on free economic zone in Crimea and Sevastopol — to introduce the possibility of creating trusts, which constitute the agreement on trust management of property. But unlike a classic trust management in Russia trust involves the transfer or donation of property in which the rights of the asset are also transferred from the original owner to the trust, explained Aksakov. In this case the right to receive benefits from the assets remains with the original beneficiary, he added.

“First, we will take risks for foreigners. We see foreign interest in Crimea, but they are afraid of sanctions. Second, those Russians who don’t want to open up, through trust could invest in the Crimea without risks,” — said Aksakov reminded that tax incentives in the Crimea in the framework of the free economic zone is already there.

He also noted that the question on creation in the Crimea of the elements of the offshore area in the near future will be discussed with the representatives of the Central Bank, Ministry of Finance and Ministry of justice. “The bill has already been prepared, but first I want to talk about it, to enlist the support of agencies”, — concluded Aksakov.

On 20 April, on the creation of an offshore zone in Crimea, told RBC a source close to the government, and was confirmed by the head of the Republic Sergey Aksenov. According to him, such a measure is necessary for legal format storing information about investors on the territory of Crimea. Now this idea is being discussed strategic ministries, including the Ministry of economic development, said Feldman.

The head of the Crimea — RBC: “For someone of sanctions, but for someone a mother”

“The proposals were from a DePuy corps and members of the Federation Council, and from members of the Russian government to find a convenient option that still did not work and which can be applied for the first time in the Crimea. Until we have a common understanding has not come”, — said Aksenov.

He also said that at present, investors are quite personal guarantees Aksenov, so they were confident that they would not be disclosed. “Knowing who is the real owner and the real representative of the company and how long the projects will be implemented, I do not insist on the increased level of publicity in respect of such business”, — said Aksenov RBC, adding that investors choose the level of openness.

“I their actions will not harm or a potential investor”, — said Aksenov, answering the question of RBC, whether we are talking about offshore accounts in part for withholding information about owners of the companies.

Free economic zone (FEZ) in Crimea and Sevastopol was imposed in January 2015. Its residents do not pay tax on profit of organizations to the Federal budget, and regional pay at a reduced rate: 2% in the first three years, 6% — from the fourth to the eighth year and 13.5% in the ninth year (the standard rate in the budget of the region is 17%). The company is also ten years are exempt from tax on property and three years from land tax. They also apply reduced rates of insurance contributions to 7.6 instead of 30%. The SEZ in the Crimea was introduced on 25 years with the possibility of extension. As of the end of April in the unified register of participants of the SEZ includes 883 of the organization. According to Aksenov, the overall investment projects of FEZ is 80 billion rubles.

What is offshoring

Offshore zone — the territory of the state or part thereof within which to non-resident companies a special preferential mode of registration, taxation and licensing.

A single list of offshore zones does not exist, the control over offshore zones are the IMF, the OECD international network for tax justice, the Central banks of different countries. In Russia a list of States and territories providing preferential tax regime and is not providing for disclosure and provision of information when conducting financial operations, determine the CBR and the Finance Ministry.

Conventionally, offshore zones can be divided into three main groups:

1. Was offering them to companies not leading activities in their territory of full exemption from any taxes in exchange for a small fixed annual fee and does not require the filing of financial reports. Characterized by an almost complete lack of control from the state and a high degree of confidentiality about the company’s activities and its beneficiaries. These countries include Belize, Panama, Mauritius, Saint Kitts and Nevis, Vanuatu, British virgin, Cayman, Bermuda, the Marshall Islands and the Bahamas, and others.

2. Require financial statements and providing offshore companies with the perceived tax benefits. The activities of offshore companies is monitored. As a rule, as Directors of the company is required to appoint a resident of the relevant jurisdiction. Characterized by a high degree of confidentiality about the beneficiaries of the company, however, the state register allows to obtain information on the activities of the company and its beneficiaries on a commercial basis. This is Ireland, Gibraltar, Isle of man, Liechtenstein, Cyprus, Malta, New Zealand, Hong Kong, Singapore and others.

3. Providing an attractive tax environment was in them to non-residents, not extracting income from the territory of these countries. Also protect information on the activities of the company and its beneficiaries, but the state register makes it possible to extract this information. These countries include Austria, Denmark, Germany, Luxembourg, Switzerland, Latvia, Estonia, some States of the USA and others.

Basic income offshore account for fees for registration and re-registration, tax revenues, expenses offshore companies for the maintenance of permanent missions.

Offshore business has many advantages: simplified and accelerated process of registration of non-residents; the income taxes and income tax from physical persons is paid by non-residents at low rates; confidential information about the owners and activities of offshore companies; no state currency control; imported for the needs of companies materials, equipment, vehicles and equipment not subject to customs duties; as a rule, offshore companies are forbidden to engage in any business within the offshore zone.


Dear “Central”: it is possible to build a $1 billion

Building decade stadium “Central”. The project became one of the world’s most expensive and the most expensive in Russia. During construction the cost of the stadium rose to $1 billion But this amount was not final. That you can build on the money allocated to the “Central” and in less time — see video review RBC

RBC has figured out who to blame that on the most expensive football stadium in the country not to play football

Video: RBC


Ukrainian antitrust agencies were asked to arrest the property of “Gazprom”

The Antimonopoly Committee of Ukraine appealed to the national Ministry of justice to seize in the country, the property and assets of “Gazprom” in the framework of the case on the penalty of $6,35 billion

The Antimonopoly Committee of Ukraine (AMCU) has asked the Department of the public Executive service of the Ministry of justice to seize property and assets of “Gazprom” in the country in the case of the penalty on 171.9 billion hryvnia ($of 6.356 billion). This should be the message of the press service, published on the official website of the Ukrainian regulator.

The head of Department Yury Terentyev on his page in Facebook published a copy of the application. In the text of the document notes that the AMC made it on the basis of earlier decisions and requires the courts to seize the property and assets of “Gazprom” in Ukraine and “to announce a ban on its alienation.”

In a press-service “Gazprom” in conversation with RBC did not comment on this topic.

In late February, the Appellate economic court of Kiev rejected the appeal of “Gazprom” which the Russian company demanded to cancel delivered in December 2016, the decision of the city Economic court about forcible recovery of a fine in the amount of 171.9 billion hryvnia ($of 6.356 billion). The AMC then the company was accused of abuse of monopoly position in the Ukrainian market of gas transit between 2009 and 2015.

According to Terentyev, “Gazprom” has violated the terms of the contract with “Naftogaz” and ignored appeals to change the terms of cooperation on economically justified and mutually beneficial. The head of the ACU ranked as the violations, a sharp decline in volume of gas (100 billion cubic meters under the contract up to 62 billion cubic meters in 2014), which “Gazprom” pumps to Europe via the territory of Ukraine. Their losses from the fall in transit volumes, “Naftogaz of Ukraine” is estimated at $6 billion.

In early 2016, the AMCU fined “Gazprom” on these charges on 86,86 billion hryvnia ($3.2 billion). To pay a penalty under the charges, the company refused and filed a complaint in the courts, however, overturn the decision failed.