Undefeated Sanctions Ten


The company magazine identified the largest business structures that benefited from Western sanctions against Russia.

Surgutneftegaz wants to escape to the euro area


The most closed Russian oil company asks its customers to pay for oil in euros. Thus, it is preparing for future US sanctions.

The fall in oil production in Western Siberia will hurt the budget of the Russian Federation


By 2024, due to the fall in oil production by 17%, the country's budget losses may amount to 1.5 trillion rubles.

Utair has collected a controlling stake in Surgut airport


The airline has overtaken the Renova Group of oligarch Victor Vekselberg and Novaport Roman Trotsenko.

Weak ruble was a friend of Surgutneftegaz


In the first half of the year, the company's profit from exchange rate differences amounted to 225.2 billion rubles.

Russian oilmen get super-profits from rising oil prices


Russian oil companies are making super profits from rising oil prices. This promises an increase in dividend yield to the owners of their shares.

Surgutneftegaz is trying to sell its insurer


The oil company is trying to find a buyer for its insurance business for almost two years.

Russia increased oil production to historic highs


Oil production returned to the level of October 2016 and approached 11.2 million barrels per day.

Russian Oil Giant Hoards $44 Billion Cash in Sanctions' Shadow


Surgutneftegas OJSC, Russia’s fourth-largest oil producer, is consolidating its position as the country’s richest company by amassing $44 billion in cash and bank deposits even as risks of further U.S. sanctions mount.

FAS suspected Rosneft of creating a deficit in the gasoline market


The company may face a fine of more than 90 billion rubles.

The last US sanctions attack on Russia became the most sensitive


So far, the sanctions have not affected the business of Russian public companies.

How many Russian oligarchs will lose from US sanctions


The US imposed sanctions against seven Russian businessmen on the Forbes list. All assets of their assets in the US are frozen. Citizens of the United States are forbidden to enter into any business relations with them.

The US imposed new sanctions against Russian oligarchs and officials


The new list includes 26 people and 15 companies. Among them are Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov, Alexey Miller and Andrei Kostin.

Gazprom Neft took the third place in oil production in Russia


In 2017, the company produced more oil than Surgutneftegaz.

Oracle updated for Russian oil industry workers


The company strengthened sanctions against the Russian oil and gas sector, which was not ready for import substitution in the field of software.

In Russia, oil wells can stop


The reason is new environmental standards, which come into force on January 1.