General Director of TOAZ Evgeny Korolev was Charged with a Crime — Fraud in a Large Scale
Region: Russian FederationTwo weeks ago we have reported that Eugeny Korolev, General Director of Togliattiazot has been put in the wanted list by Samara’s regional prosecutors. On April, 19 Investigative Committee of Russian Federation, whic... more
Views: 307Togliatti citizen petitioned ToAZ CEO Evgheny Korolev to come back to Russia
Region: Russian FederationAn interesting twist has just happened in the story of Russian chemical combine Togliattiazot and its fugitive CEO Evgheny Korolev, which was covered a lot recently on our blog. Seems like ToAZ minority shareholders not t... more
Views: 256General Director of Togliattiazot is Wanted by Russian Prosecutors, Possibly Hides in London
Region: Russian FederationSamara’s regional department of Investigative Committee of Russian Federation, a state watchdog inspecting into economic crime in the country, issued a statement informing that Eugeny Korolev, General Director of ZAO... more
Views: 415Expert Magazine: Togliattiazot May Change Ownership, Fertilizer War in its Finale
Region: Russian FederationWe have been tremendously bored reporting on Togliattiazot conflict, but the new facts are coming in the Russian media every day and we simply cannot ignore them. Apparently Russian business review magazine Expert had a ch... more
Views: 493Rusal Intends to Direct Norilsk Nickel dividends to Repay Loans
Region: Russian FederationUC Rusal plans to direct dividends from its 25% stake in MMC Norilsk Nickel to pay off company’s debt, said CEO of the aluminum company Oleg Deripaska, in an interviewto Russian TV channel. "We are one of the ... more
Views: 535EuroChem Invests 4.5 Billion Roubles in Tula Region
Region: Russian FederationBy 2015, Russia’s largest mineral fertilizer EuroChem will invest up to 4.5 billion roubles ($150 mln. USD) in the innovative development of the economy in Tula region. The four-year investment program, launc... more
Views: 389Uralchem Accuses Togliattiazot Shareholders of Fraud Over a Sale of Assets at Price 100 Times Lower
Region: Russian FederationNot everyone knows that Russia is the world's largest producer and exporter of ammonia — it ships this indispensable fertilizer component all over the world, while international giants like Yara, CF Industries and Po... more
Views: 589Russian Investigators Exposing $550 Million Fraud With Swiss Company Involved
Region: Russian FederationSeveral Russian newswires reported that on December, 24 Samara Regional Investigative Dept of the Russian Investigative Committee issued a statement on the launch of the criminal case against the group of unknown ind... more
Views: 801Market Risk: Russian Ammonia Suppliers Unstable
Region: Russian FederationRussia is the world's largest producer and exporter of ammonia with two dominant producers, EuroChem (19% of the market) and Togliattiazot (18% of the market). Tilde Finance experts have analyzed basic production statistic... more
Views: 497UC Rusal’s 3Q2012 Results Made Investment Bankers to Nervous
Region: Russian FederationInvestment bankers, financial community and FT analyst’s all become very nervous after aluminium giant UC Rusal announced its 3Q2012 financial data. Rusal’s earnings before interest, tax, deprec... more
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