Rus News Journal


the USA have removed quotas on the Russian steel

action of the Universal agreement on trade in a steel (VSTS) between the USA and Russia, providing restriction on deliveries of the Russian metal Has ended. The document has been signed on July, 12th, 1999 after a number of antidumping investigations concerning joint-stock company production Severstal and joint-stock company NLMK also assumes introduction of quotas on deliveries of Russian production. In 2003 the quota has made 690 thousand t a hardware and hire, 1,4 million t steel preparation and 2 million t pig-iron for the sum about $400 million After cancellation VSTS as have informed in Ministry of economic development and trade, Severstal and NLMK can finish export to $500 million At the same time after contract cancellation probably initiation of new antidumping investigation from the American metallurgists.

the working USA have warned the Russian capitalists
As reported by Interfax The trade union of the American company Stillwater Mining, which controlling interest belongs to joint-stock company GMK ` Norilsk nickel ` has warned company management about intention to begin strike if on Monday the new labour contract is not concluded. Workers Stillwater have voted against the time labour contract which has been concluded in July. Expecting strike, the company has begun a suspension of work of the equipment on Sunday. Tomorrow will tell about succession of events.

Gazprom has reported about incomes
Gazprom has published the consolidated financial reporting on MSFO for 2003. Despite an appreciable rise in prices and sales volumes of the Russian gas in Europe, the company has not reduced debts under credits and has not increased payment of dividends to shareholders. Following the results of a year Gazprom has increased a gain from sales with 645 mlrd rbl. to 820 mlrd rbl. But thus the profit tax was reduced with 136 mlrd rbl. to 75 billion rbl. company Net profit has grown in 5,5 times and has made 162 mlrd rbl. Thus the profit tax Gazprom by calculations of analysts, paid under the rate of 18 % (the base rate makes 24 %). According to analysts, the company reduced the tax, reducing taxable base at the expense of application of the accelerated amortisation of fixed capital.

at PricewaterhouseCoopers in Russia head
Mike Kubina was replaced appointed by operating partner PricewaterhouseCoopers in Russia, informed in a press - company release. Under the information the Prime - TASS earlier this post was occupied with Richard Baski who has left it in connection with a retirement. Before appointment to a new post Mike Kubina supervised over tax and legal practice PricewaterhouseCoopers in Russia.