Support The Moscow Times!

Gas, Evraz, Business in Brief

Slovakia Wary of Sending Russian Gas to Ukraine   

VELKE KAPUSANY, Slovakia — Slovakia, Ukraine's best hope of getting gas from Europe if the Kremlin halts supply, said it might help by reopening a small pipeline but stopped short of agreeing to reverse the flow of major links that take Russian gas to the European Union.

On Tuesday the Slovak and Ukrainian economy ministers, during talks near the border between their two countries, discussed reopening a disused pipeline to take some gas out of a main east-west line and loop it back into Ukraine.

But Slovakia failed to agree to Kiev's calls for it to reverse the flow of one of four main international pipeline carrying Russian gas so that the fuel goes straight back into Ukraine, Slovakian minister Tomas Malatinsky said. (Reuters)

Evraz Crude Steel Output Fell 8% in Q1

Russia's largest steelmaker Evraz said on Wednesday first-quarter crude steel output fell 8 percent quarter-on-quarter to 3.7 million tons and forecast production would rise in the second quarter at its Russian mills.

The company, part-owned by billionaire Chelsea soccer club owner Roman Abramovich, said output was down 9 percent in the first three months of 2014 compared with the same period last year. (Reuters) First Quarter Sales Rise 8%, Russia's biggest consumer electronics retailer, said on Wednesday its first-quarter sales growth kept pace with growth in the previous quarter despite weakening consumer confidence. said sales rose 8 percent to 47 billion rubles ($1.3 billion) as it opened a net seven stores and increased online-based sales by 113 percent, year-on-year.

Like-for-like sales grew 1 percent after falling by 1.8 percent in the final quarter of 2013. (Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.