Tag Archives: Russian Direct Investment Fund

Russian authorities reject sale of Mondi Syktyvkar mill for Euro 1.5 billion

The Russian authorities have not approved the sale of Mondi’s Syktyvkar mill in the Komi Republic, Russia. A possible reason is too high a transaction price. The Syktyvkar assets were planned to be sold to Augment  Investments Limited for RUB 95 billion (Euro 1.5 billion). Augment is an investment vehicle majority owned by Viktor Kharitonin, comprising […]

Pulp and paper industry in Ukraine at a standstill

With the beginning of Russia’s war against Ukraine, practically all Ukrainian pulp and paper companies have stopped production during the afternoon of 24 February. This was announced by Eduard Litvak, Managing Director of the Ukrainian Pulp and Paper Industry Association UkrPapir, based in Kiev, upon request. Mr Litvak explained that the military operations taking place […]

Selenginsky pulp and paper mill eyes to become leading paper and cardboard producer in Russian Siberia

Selenginsky pulp and paper mill (SCCC), one of Russia’s largest paper mills, located in Buryatia Republic will be modernized with the cost of the project more than RUB2 billion (US$26 million), according to press service of the government of the republic. The main purpose of the planned modernization is to improve the quality of finished […]

Russia Aiming for Carbon Neutrality by 2060, Putin Says

President Vladimir Putin said Wednesday that Russia — one of the world’s biggest producers of oil and gas — is aiming for carbon neutrality by 2060. “Russia in practice will strive for carbon neutrality of its economy,” he said at an energy forum in Moscow. “And we set a benchmark for this — no later […]

Russia planning to create online emission control system by 2024 — official

A state information system to monitor the ecological situation across the country will be created in Russia by 2024, Russia’s Deputy Prime Minister Viktoria Abramchenko told reporters in Krasnoyarsk. “We are establishing a state information system which will monitor the ecological situation online. [It will monitor] air, ground and water. We will create this system […]

Austrian Pulp Mill Holding confirms plans for investing 160 billion rubles in Russian capacities in years to come

The Austrian Pulp Mill Holding will invest over 160 billion rubles in the modernization of its Russian production facilities within the next several years, paying a particular focus for the building new sulphate-cardboard plant with a third cardboard machine (KDM-3) with a capacity of 700,000 tons of products per year. Payback period of the project […]

Russia’s Sveza will not build 2.8 billion pulp mill on the banks of Rybinsk Reservoir

Sveza, one of Russia’s largest timber holdings, owned by the Russian billionaire Alexey Mordashov has refused from the building of the US$2.8 billion pulp mill on the banks of the Rybinsk Reservoir, a water reservoir on the Volga River Currently the company, which has the status of the world’s largest plywood producer is working on […]