Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

SUEK Returns to Profit

Siberian Coal Energy Company, or SUEK, said Monday that it returned to profit in the first half as coal prices and sales volumes climbed.

Net income was 4.77 billion rubles ($155 million) for the six months to June 30, compared with a loss of 189 million rubles a year earlier, the company said. Sales rose 11 percent to 83.6 billion rubles.

SUEK, owned by Russian billionaires Sergei Popov and Andrei Melnichenko, postponed a July IPO in Moscow and London. 

(Bloomberg)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.