- Novolipetsk Steel said Friday that it was asking the government to end a 5 percent import duty on coking coal as a domestic shortage means that the company needs to buy the fuel from North America. (Bloomberg)
- A Kazakh court convicted Mukhtar Dzhakishev, a former president of state-run nuclear company Kazatomprom, of embezzlement and sentenced him to 14 years in prison, Novosti-Kazakhstan reported Friday. (Bloomberg)
- Far East Energy is in talks to buy out Fortum’s stake in the St. Petersburg electricity retailer for 1 billion rubles ($34 million) within the next three months, Interfax said Friday, citing unidentified Russian officials familiar with the negotiations. (Bloomberg)
- Sollers is interested in setting up car and engine assembly operations in Egypt, and AvtoVAZ is interested in expanding in the market there, the Industry and Trade Ministry said Friday after a meeting with its Egyptian counterparts. (Bloomberg)
- Sberbank hired UralSib head Andrei Donskikh as its deputy chief executive, the bank said Friday. (Bloomberg)
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