Trump advisor, Russian Direct Investment Fund CEO discuss business cooperation in DavosBusiness & Economy January 17, 12:06
Russia can maintain its military forces in Syria on its own — LavrovRussian Politics & Diplomacy January 17, 11:57
Lavrov says future of Russia-US ties will be clear after new administration takes officeRussian Politics & Diplomacy January 17, 11:32
Russian top diplomat believes Trump will have no double standards on war on terrorRussian Politics & Diplomacy January 17, 11:17
Lavrov says US stepped up ‘recruitment activity’ against Russian diplomatsRussian Politics & Diplomacy January 17, 11:06
Russian Foreign Minister Lavrov holds annual press conferenceRussian Politics & Diplomacy January 17, 10:37
Foreign ministry spokeswoman slams CNN after publication of all Trump's 'Russia remarks'Russian Politics & Diplomacy January 17, 9:46
Global elite gathering at Davos to discuss world economy challengesBusiness & Economy January 17, 9:29
Diplomat: Moscow knows very little about Trump's plans for Iran nuclear dealRussian Politics & Diplomacy January 17, 9:18
Evraz will pay the 2.97 billion roubles within three years in three equal tranches, the source said.
In April, Evraz purchased 51% in the Timir project for 4.95 billion roubles. Later the company asked to postpone the first 1.5 billion rouble payment for six months and the remaining 3 billion rouble payment for three years. The proposal was rejected at first, but later approved after consideration by Deputy Prime Minister Igor Shuvalov.
As a result of the deal, ALROSA will keep a 49% minus one share stake, while state-owned Vnesheconombank (VEB) will own 1 share.
Timir holds licenses to develop the Tayozhnoye, Desovskoye, Tarynnakhskoye, and Gorkitskoye deposits in Yakutia with a total balance of reserves at 4.8 billion tonnes of iron ore.