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Kazakhs Fund Grain Exports

ASTANA — Kazakhstan will pay nearly $30 toward the cost of every ton of grain delivered to the Black Sea for the rest of this season to help push exports toward a record 13 million tons, the country's agriculture minister said. Kazakhstan is investing in new elevators, ports and railroads to supply Iran and its Central Asian...

Sistema Seeks Diversity in Agriculture

Reuters

... near term," chief executive Mikhail Shamolin said. Shamolin also told a conference call with analysts last month that Sistema, which had sales of $33 billion last year, was considering taking part in the privatization of Russian state-owned United Grain Company, or UGC. "Agriculture in Russia has strong investment potential. Russia has the lowest land prices compared to European, North and South American benchmarks," he said. Internal rates of return in that sector "can exceed 20...

Summa Reported to Buy FESCO

Reuters

... Sergei Generalov to buy control of transportation group FESCO for about $1 billion, an industry source familiar with the deal said Friday. Summa, involved in renovating the Bolshoi Theater, building an oil terminal in Rotterdam and exporting Russian grain, is in negotiations to buy Generalov's 56 percent stake in FESCO. "The deal is almost done, it's in the final stage," the source said, adding that it may be closed in June. The deal, if consummated, would extend the logistical reach of...

Tractor Plows Into Siberia Bus Stop, Killing 3

The Moscow Times

... person instantly and sending two others to the hospital, where they later died, police said in a statement Wednesday. The accident occurred in a rural area near a neighborhood of summer residences as the tractor was leaving the city with a load of grain. An apparent mechanical failure caused the tractor to gain speed down an incline, and the driver, 22-year-old Alexander Kubaryov, lost control of the vehicle. It crossed the center line and careened into a bus stop. "At first, the driver of...

Using Taoism and Writers to Fight the Regime

By Yulia Latynina

... The only other writers I found in the crowd were Bykov and Akunin — each of them for only an instant — because the moment I would stop to speak to one of them, a crowd of people would instantly crystallize around me, sticking together like grains of sand and thrusting forward copies of books written by myself and others that they wanted signed. This whole facet of the crowd's spontaneous behavior was terribly fascinating. The people who were ostensibly supposed to lead the walk —...

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