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Category: Russian Federation

  • MIL-OSI Analysis: Experiencing extreme weather and disasters is not enough to change views on climate action, study shows

    Source: The Conversation – Global Perspectives – By Omid Ghasemi, Research Associate in Behavioural Science at the Institute for Climate Risk & Response, UNSW Sydney

    STR / AFP via Getty Images

    Climate change has made extreme weather events such as bushfires and floods more frequent and more likely in recent years, and the trend is expected to continue. These events have led to human and animal deaths, harmed physical and mental health, and damaged properties and infrastructure.

    Will firsthand experience of these events change how people think and act about climate change, making it seem immediate and local rather than a distant or future problem?

    Research so far has offered a mixed picture. Some studies suggest going through extreme weather can make people more likely to believe in climate change, worry about it, support climate policies, and vote for Green parties. But other studies have found no such effects on people’s beliefs, concern, or behaviour.

    New research led by Viktoria Cologna at ETH Zurich in Switzerland may help to explain what’s going on. Using data from around the world, the study suggests simple exposure to extreme weather events does not affect people’s view of climate action – but linking those events to climate change can make a big difference.

    Global opinion, global weather

    The new study, published in Nature Climate Change, looked at the question of extreme weather and climate opinion using two global datasets.

    The first is the Trust in Science and Science-related Populism (TISP) survey, which includes responses from more than 70,000 people in 68 countries. It measures public support for climate policies and the extent that people think climate change is behind increases in extreme weather.

    The second dataset estimates how much of each country’s population has been affected each year by events such as droughts, floods, heatwaves and storms. These estimates are based on detailed models and historical climate records.

    Public support for climate policies

    The survey measured public support for climate policy by asking people how much they supported five specific actions to cut carbon emissions. These included raising carbon taxes, improving public transport, using more renewable energy, protecting forests and land, and taxing carbon-heavy foods.

    Responses ranged from 1 (not at all) to 3 (very much). On average, support was fairly strong, with an average rating of 2.37 across the five policies. Support was especially high in parts of South Asia, Africa, the Americas and Oceania, but lower in countries such as Russia, Czechia and Ethiopia.

    Exposure to extreme weather events

    The study found most people around the world have experienced heatwaves and heavy rainfall in recent decades. Wildfires affected fewer people in many European and North American countries, but were more common in parts of Asia, Africa and Latin America.

    Cyclones mostly impacted North America and Asia, while droughts affected large populations in Asia, Latin America and Africa. River flooding was widespread across most regions, except Oceania.

    Do people in countries with higher exposure to extreme weather events show greater support for climate policies? This study found they don’t.

    In most cases, living in a country where more people are exposed to disasters was not reflected in stronger support for climate action.

    Wildfires were the only exception. Countries with more wildfire exposure showed slightly higher support, but this link disappeared once factors such as land size and overall climate belief were considered.

    In short, just experiencing more disasters does not seem to translate into increased support for mitigation efforts.

    Seeing the link between weather and climate change

    In the global survey, people were asked how much they think climate change has increased the impact of extreme weather over recent decades. On average, responses were moderately high (3.8 out of 5) suggesting that many people do link recent weather events to climate change.

    Such an attribution was especially strong in Latin America, but lower in parts of Africa (such as Congo and Ethiopia) and Northern Europe (such as Finland and Norway).

    Crucially, people who more strongly believed climate change had worsened these events were also more likely to support climate policies. In fact, this belief mattered more for policy support than whether they had actually experienced the events firsthand.

    What does this study tell us?

    While public support for climate policies is relatively high around the world, even more support is needed to introduce stronger, more ambitious measures. It might seem reasonable to expect that feeling the effects of climate change would push people to act, but this study suggests that doesn’t always happen.

    Prior research shows less dramatic and chronic events like rainfall or temperature anomalies have less influence on public views than more acute hazards like floods or bushfires. Even then, the influence on beliefs and behaviour tends to be slow and limited.

    This study shows climate impacts alone may not change minds. However, it also highlights what may affect public thinking: helping people recognise the link between climate change and extreme weather events.

    In countries such as Australia, climate change makes up only about 1% of media coverage. What’s more, most of the coverage focuses on social or political aspects rather than scientific, ecological, or economic impacts.

    Many stories about disasters linked to climate change also fail to mention the link, or indeed mention climate change at all. Making these connections clearer may encourage stronger public support for climate action.

    Omid Ghasemi receives funding from the Australian Academy of Science. He was a member of the TISP consortium and a co-author of the dataset used in this study.

    – ref. Experiencing extreme weather and disasters is not enough to change views on climate action, study shows – https://theconversation.com/experiencing-extreme-weather-and-disasters-is-not-enough-to-change-views-on-climate-action-study-shows-260308

    MIL OSI Analysis –

  • MIL-OSI Banking: BSTDB Supports Inclusive and Sustainable Growth in Moldova

    Source: Black Sea Trade and Development Bank

    Press Release | 03-Jul-2025

    Loan to support micro and small enterprises, green investments, and women-led businesses

    In a move to boost inclusive and sustainable development across Moldova, the Black Sea Trade and Development Bank (BSTDB) has extended a EUR 3 million Combined MSME, Green and Gender Equality Credit Line to Prime Capital, BSTDB existing partner since 2021. The loan will further deepen the partnership, including by diversification of use of proceeds to facilitate access to finance for important economic purposes.  

    BSTDB financing will strengthen Prime Capital’s capacity to support micro, small and medium-sized enterprises (MSMEs)—a backbone of the Moldovan economy and will also target green investments and women-led businesses, areas that are increasingly vital for long-term resilience and social equity.

    The funds will be channeled into Prime Capital’s dedicated programmes that focus on energy efficiency and women in business, helping scale up initiatives that are already making an impact at domestic level. By strengthening these targeted initiatives, the BSTDB contributes to the broader goals of climate resilience, social equity, and regional development.

    Commenting on the deal, Dr. Serhat Köksal, President, said: “This financing reflects our strong commitment to support micro, small and medium entrepreneurs, fostering greater opportunities for women-led businesses, and accelerating the green transition. By partnering with Prime Capital, we are helping ensure that capital reaches those who can drive inclusive and sustainable growth in Moldova and bolster economic resilience across the Black Sea Region.”

    “We are proud to strengthen our partnership with the Black Sea Trade and Development Bank through this expanded facility, which will help us deliver on our mission to empower Moldova’s entrepreneurs—especially women and those championing green innovation. This funding is not only timely but also strategic, as it enables us to extend credit to areas with the greatest transformative potential: MSMEs, sustainable energy, and gender-inclusive business growth. By aligning with BSTDB’s regional development goals, we are helping build a more resilient, inclusive, and future-ready Moldovan economy.” – said Carmina Vicol, CEO of Prime Capital.

     

    OCN Prime Capital SRL is one of the leading microfinance companies in Moldova. As of end-September 2024, Prime Capital reported total assets of USD 21.7 million and total equity of USD 14.3 million with capitalization ratio of 66%. Prime Capital is the 11th largest microfinance company in Moldova (out of 118 non-bank financial institutions). The Company’s head office and microlending office are based in Chisinau, two branches are located in the north and south of the country and it has 52 employees.

     

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Global Banks –

  • MIL-OSI Banking: BSTDB Supports Inclusive and Sustainable Growth in Moldova

    Source: Black Sea Trade and Development Bank

    Press Release | 03-Jul-2025

    Loan to support micro and small enterprises, green investments, and women-led businesses

    In a move to boost inclusive and sustainable development across Moldova, the Black Sea Trade and Development Bank (BSTDB) has extended a EUR 3 million Combined MSME, Green and Gender Equality Credit Line to Prime Capital, BSTDB existing partner since 2021. The loan will further deepen the partnership, including by diversification of use of proceeds to facilitate access to finance for important economic purposes.  

    BSTDB financing will strengthen Prime Capital’s capacity to support micro, small and medium-sized enterprises (MSMEs)—a backbone of the Moldovan economy and will also target green investments and women-led businesses, areas that are increasingly vital for long-term resilience and social equity.

    The funds will be channeled into Prime Capital’s dedicated programmes that focus on energy efficiency and women in business, helping scale up initiatives that are already making an impact at domestic level. By strengthening these targeted initiatives, the BSTDB contributes to the broader goals of climate resilience, social equity, and regional development.

    Commenting on the deal, Dr. Serhat Köksal, President, said: “This financing reflects our strong commitment to support micro, small and medium entrepreneurs, fostering greater opportunities for women-led businesses, and accelerating the green transition. By partnering with Prime Capital, we are helping ensure that capital reaches those who can drive inclusive and sustainable growth in Moldova and bolster economic resilience across the Black Sea Region.”

    “We are proud to strengthen our partnership with the Black Sea Trade and Development Bank through this expanded facility, which will help us deliver on our mission to empower Moldova’s entrepreneurs—especially women and those championing green innovation. This funding is not only timely but also strategic, as it enables us to extend credit to areas with the greatest transformative potential: MSMEs, sustainable energy, and gender-inclusive business growth. By aligning with BSTDB’s regional development goals, we are helping build a more resilient, inclusive, and future-ready Moldovan economy.” – said Carmina Vicol, CEO of Prime Capital.

     

    OCN Prime Capital SRL is one of the leading microfinance companies in Moldova. As of end-September 2024, Prime Capital reported total assets of USD 21.7 million and total equity of USD 14.3 million with capitalization ratio of 66%. Prime Capital is the 11th largest microfinance company in Moldova (out of 118 non-bank financial institutions). The Company’s head office and microlending office are based in Chisinau, two branches are located in the north and south of the country and it has 52 employees.

     

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Global Banks –

  • MIL-OSI Russia: What events will take place as part of “Summer in Moscow” in the coming days

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    A performance at the rollerdrome, water painting, evening readings and Moscow Sports Day – this and much more awaits guests of the Summer in Moscow project this week. We tell you where to spend time usefully and what to do at city venues from July 4 to 6.

    Rock, Paper, Scissors and Beauty Trucks

    A large-scale championship is taking place at city venues “Rock, Paper, Scissors”. Every day, children and adults can compete on Tverskoy Boulevard and in the west of the capital. On July 4, participants are expected on Aviatorov Street (building 5), and on July 5 – on Bolshaya Filevskaya Street (building 9) in the Fili Children’s Park. The sites will be open from 15:00 to 20:00.

    The final of the competition in the Western Administrative District will take place on July 6 at the address: Michurinsky Prospekt, Olympic Village, Building 4. Participation is free, registration is not required.

    From July 4 to 6, there will be a service for city residents Summer Club “Moscow”on Tverskoy Boulevard. There will be two pop-up stores with domestic clothing and jewelry brands and three beauty trucks. Gifts, surprises, raffles and master classes have been prepared for guests.

    Family Etiquette Rules and Lectures on Trends

    The department store of Russian designers “Leto” on Revolution Square will also tell about care, beauty and fashion. Everyone will be able not only to try on clothes they like and update their wardrobe, but also to listen to lectures, take part in master classes and even watch performances.

    On July 5 from 13:00 to 14:30 there will be a lecture “How Unusual 19th Century Trends Were Transformed into Tableware”. From asparagus tongs to mustache cups”, it will be read by the collector of antique and vintage tableware, founder of the cultural space Ekaterina Maslova. And at 15:00 she will hold a master class “Summer table setting using antique tableware”. Admission is free.

    A lecture will be held on July 6 at 15:00 “Rules of Family Etiquette: From Home Improvement to Table Setting”. It will be conducted by etiquette expert Yulia Ryabukhina. The master class will be held at 17:00 “Summer bookmark using herbarium technique”, and at 19:00 guests are invited to watch a mini-performance “Dandelion Wine”. Free admission.

    Salsa, bachata and 3D applique

    Open dance master classes for the whole family will be held on Chistoprudny Boulevard. On weekends, there will also be a children’s and youth tournament “Summer in Moscow. Dances”, where anyone can become a spectator.

    July 4 at 18:00 on the big stage Chistoprudny Boulevarda master class of the dance school “TanzBaza” will take place, and an hour later you can learn bachata there. On the middle stage at 19:00 they will teach salsa. On July 5 from 12:00 to 18:00 on the big stage of Chistoprudny Boulevard there will be a qualifying round of children’s dance competitions, and at 19:00 guests are invited to a master class in modern swing. At the same time, you can learn salsa on the middle stage.

    On July 6 at 19:00 on the big stage there will be a master class “Salsa Casino”, dance lessons will also be held on the middle stage at 17:00 and at 19:00. Admission is free.

    And in art studio on Strastnoy Boulevard In the coming days, they will teach drawing. On July 4 at 15:00 and 19:00, there will be lessons on creating a painting using the dot mosaic technique, at 16:00 — an interior panel using the pebble mosaic technique, at 17:00 — a three-dimensional painting using the 3D applique technique, at 18:00 — paintings in a geometric style.

    On July 5 at 14:00 there will be a master class “Bright Colors” on drawing in a geometric style, at 15:00 – “Gems” on 3D applique, at 16:00 and 19:00 you can depict a summer day using the dot mosaic technique, and at 17:00 – a blooming garden using the pebble mosaic technique. The duration of each lesson is 45 minutes. Guests over five years old are invited to participate. Admission is free.

    Day and Night of Moscow Sports

    On July 5, Muscovites will experience large-scale sports events. From 11:00 to 21:00, the event will take place “Moscow Sports Day”, and from 20:00 to 23:00 – “Moscow Sports Night”.

    The Luzhniki Olympic Complex will feature more than 20 themed zones. There will be demonstration performances, master classes, tournaments, as well as a mass stretching training session conducted by two-time bronze medalist of the World Gymnastics Championships Samira Mustafayeva. Throughout the festival, a concert with performances by famous artists will be held on the main stage.

    After 8:00 pm, the celebration will continue on the streets of the capital. The “Moscow Sports Night” will cover many venues in the central part of the city. 60 cycling machines will be installed on Pushkinskaya Square, where mass training sessions will take place accompanied by DJ sets. Flash tournaments and streetball master classes for festival visitors will be held on Tverskaya Street (near the Izvestia newspaper building). In Klimentovsky Lane, there will be an area with a ramp and a pump track for scooter and skateboard riding for children and adults.

    On Pyatnitskaya Street you can see demonstration performances of rope skipping. Myasnitskaya Street (the square near the Et Cetera Theatre) will become the center of table tennis, where every visitor will be able to participate or watch the competitions.

    In addition, a breakdance area will open on Arbat, where team and individual competitions will take place, as well as demonstration performances by professionals. On Nikolskaya Street, everyone will be able to play table football and hockey, and on Bolshaya Nikitskaya Street (the square near the TASS building) they will be able to try to assemble a puzzle for speed.

    Admission is free, but some events may require a membership. pre-registration.

    Bouquet of dried flowers, cycle and disco with DJs

    An interesting program has also been prepared at the Green Market of the Made in Moscow project on Bolotnaya Square. On July 5 from 13:00 to 18:00 you can learn how to weave for free decorative napkin.

    There is also a festival taking place on Bolotnaya Square “Youth Point”. Its program includes the event “The Path to Yourself”, dedicated to psychology. It will be held at the “Sport” site from 15:00 to 17:30. In addition, from 14:30 to 17:30 at the “Development” site there will be a master class on creating a memorable photo with floral inserts. At 18:00 there will be a creative painting lesson, where participants will learn to draw pictures on wooden blanks.

    At the “Creative” site, from 2:30 pm to 5:30 pm, there will be a master class on creating bouquets of dried flowers, and at 6:00 pm you can join a class on customizing T-shirts.

    Events will also take place at the rollerdrome. At 13:00, you are invited to cycle — a class on exercise bikes. And at 14:00, everyone is welcome to a dance workout on the veranda. From 16:00 to 20:00, you can join mini-dates.

    Free skating will be organized at the rollerdrome from 10:00 to 11:45, and from 15:00 to 20:10 the performances “Memory Diary” by the ice theater team under the direction of Petr Chernyshev and Tatyana Navka will be shown. At 20:00 a disco with DJs will begin.

    On July 6 from 13:00 to 16:00 in the “Green Market” they will be painting candles and plaster products, and at 17:00 you can try to cook perfumed body scrub.

    On the same day, at the Youth Point festival in the Sport hub at 14:30, a miniature city beach festival called Express Moscow-Summer will be held. Guests will make a frame in a marine style, take part in a Zumba workout, play beach games, sing hits in karaoke and relax in the chill zone.

    From 15:00 to 17:00, the Development hub will host an event that will show the contrast between old and modern Moscow. At 18:00, a master class on painting using the ebru technique will begin. Anyone who wants to will be able to try making drawings on water.

    At the “Creative” site, at 15:00, there will be a master class on creating jewelry from beads, and at 18:00, a lesson on customizing shoppers.

    There will be free skating at the rollerdrome from 10:00 to 11:45, and from 15:00 to 20:10 the play “The Notebook of Memory” will also be shown.

    Yoga, ping pong and meeting tailed creatures

    On July 5 and 6, the Bauman Garden will host a traditional charity festival to mark Family, Love and Fidelity Day “City of the caring”Guests of all ages are invited to participate.

    From 11:00 to 18:00, more than 170 cats and dogs from Moscow shelters will be waiting for visitors at the Fluffy Friend site. All of them are vaccinated and ready to go to a new family.

    Those who wish can help the furry wards of the capital’s non-profit organizations by making a donation using charity service on the mos.ru portal. In addition, you can give pets food. It will be sent to shelters after the festival. Those who already have animals will be able to take memorable photos in the photo zone or get advice from a groomer and veterinarian. And more than 20 creative master classes await guests.

    An extensive program with dances, acrobatic stunts and tricks, animal shows and DJ sets will unfold on the stage. Guests will watch cartoons and films in the summer cinema, and take part in meetings with celebrities. On July 5 at 2:00 pm, actress and participant of the show “Women’s Stand-up” Maria Markova will talk about the importance of conscious charity, and on July 6 at the same time, singer Suzanne Varnina will pick up the baton of kindness.

    On July 5 at 15:00 there will be a show with cats, and on July 6 at 15:00 — a show with dogs. At 16:00 guests will be treated to an acrobatic show and magic tricks. Both days at 19:00 an evening of live music will begin. Festival guests will also be able to play badminton, ping-pong and do yoga. More details — at link.

    A performance about love and a lecture about cinema

    The Moskino cinema park also invites you to spend time usefully. On July 5 at 14:00 and 18:00, the Gonzaga Theatre will show the play “Isadora”The production will tell a story about love, poetry, passion and dance, based on the relationship between Sergei Yesenin and Isadora Duncan.

    On July 5 at 15:00 there will be lecture Director of the Theatre of Young Muscovites Andrey Zadubrovsky. He will talk about the interaction of actors on the set and their transformation into characters, and share his professional experience.

    On July 6, concerts will be held at the Gonzaga Theatre at 12:00, 16:30 and 19:00 quartet “Tomorrow”. The artists will perform songs based on the poems of Sergei Yesenin. The musicians will play electric and acoustic guitars and cajon.

    At 15:00 on the same day with lecture Irina Glebova, Dean of the Production Department of the Institute of Cinema and Television of the Russian Institute of Television and Radio Broadcasting, will speak to guests. She will talk about casting actors for the roles of historical characters and immersion in different eras during filming. The visit is included in the price entrance ticket to the cinema park.

    Rock Ballads and Open Mic

    This summer, you can listen to music in the capital’s parks. A symphony orchestra will play for guests, and singers will perform opera arias. Concerts will be held on July 4 at 19:00 in Pokrovsky Bereg Park, on July 5 at 19:00 in 50th Anniversary of October Park, and on July 6 at 19:00 in the Kolomenskoye Museum-Reserve.

    You can also listen to live music on July 4 from 19:00 to 20:30 in Raduga Park and on July 5 from 19:30 to 21:00 in Tagansky Park. Listeners will hear various compositions from jazz improvisations to rock ballads and electronic experiments.

    Concerts will also be held in the amphitheater of the Polytech Museum Park. On July 5 at 8:00 PM, the Fire Granny group will perform there. And at 8:00 PM, the Territory.Kids festival will take place.

    The State Darwin Museum also invites you to immerse yourself in the world of music. On July 5, from 10:30 to 16:00, guests will enjoy a program dedicated to Family, Love and Fidelity Day. Master classes, games and author’s excursions have been prepared for the guests. And if the weather permits, the roof of the museum will be transformed into an improvised concert venue. In the open microphone format, anyone can read poems about love or perform a song.

    Evening readings and chess

    Citizens are also invited to the project’s events. “Book in the City”. Thus, on July 5 at 16:00 on the site near the Vitali fountain there will be evening readings with the participation of theater and film actor Ivan Stebunov. And on Sretensky Boulevard at 17:00 the actor of the theater “Modern” and master of artistic words Alexey Bagdasarov will perform for the guests. He will read stories by Viktor Dragunsky from the collection “The Magic Power of Art”. Admission is free.

    On July 6 from 12:00 to 16:00 on Chistoprudny Boulevard the tournament “Heroes of the Chessboard. Moscow” will be held. The competition has become part of the program “Summer in Moscow” and is held with the support of the Department of Trade and Services of the City of Moscow, the Chess Federation of Russia and the Russian Military Historical Society as part of the project “The country helped chess, chess helped the country”.

    The tournament continues the tradition of mass intellectual competitions in the capital. This year, both beginners and titled chess players are taking part.

    The leaders of the qualifying games will fight for a place in the final, where the strongest will compete for the main prize. To participate, you will need pre-registration.

    Zumba, fitrock and circus divertissements

    On July 6, in the picturesque areas of the recreation areas near the water bodies, you can attend classes of the project “Summer. Beach. Moscow Sport” in yoga, stretching, zumba, fitrock and functional training. Join classescan be found in the recreation areas “Levoberezh’ye”, “Troparevo” and “Beloe Ozero”, in Serebryany Bor (beach No. 3), as well as on Shkolnoye Lake (Zelenograd) and in “Strogino Wake Park”.

    At 11:00 in Meshchersky Park there will be a fitrock class, and at 14:00 they invite you to a functional training. At 11:00 in the Levoberezhye recreation area there will be a stretching training session, and at 14:00 — a zumba training session. At 11:00 in the Troparevo recreation area there will be a functional training session, and at 14:00 — yoga on the beach. Near Shkolnoye Lake at 11:00 visitors will have a yoga session, and at 14:00 — a functional training session. At 11:00 in the Beloye Ozero recreation area there will be a yoga training session on the beach, and at 14:00 guests are invited to zumba.

    At 11:00 a stretching training session will be held at the Strogino Wake Park site, and at 14:00 visitors will enjoy a yoga session on the beach. Guests of Serebryany Bor are invited to yoga at 11:00 a.m., and to functional training at 2:00 p.m.

    And on July 4 at 19:00, July 5 and 6 at 14:00 and 18:00 in the park “Yuzhnoye Butovo”, Izmailovsky Park and Moskino cinema park circus divertissements have been prepared for guests. The program includes a show with the participation of artists of the Great Moscow Circus. You can buy a ticket at website.

    Get the latest news quickly official telegram channelthe city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156220073/

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  • MIL-OSI Russia: The fifth house was built in Tekstilshchiki under the renovation program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the Tekstilshchiki district in the south-east of Moscow, a fifth new building has appeared under the renovation program. The single-section residential complex is located at 13a Graivoronovskaya Street. The total area of the building is almost 15 thousand square meters. This was reported by the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy Vladislav Ovchinsky.

    “The building’s living area is 7.9 thousand square meters. There are 140 apartments in the building, four of which are intended for people with limited mobility. The spacious entrance hall has a concierge room, a room for storing strollers and bicycles, and four elevators. In the future, social and household facilities may open on the first non-residential floor. The courtyard has two children’s playgrounds and one sports ground, as well as a quiet recreation area,” Vladislav Ovchinsky specified.

    Near the new building there are schools, a clinic and a kindergarten. Nearby are the Stakhanovskaya and Nizhegorodskaya stations of the Nekrasovskaya metro line, as well as the Nizhegorodskaya station of the Moscow Central Circle.

    “Mosgosstroynadzor supervised the construction of the house on a land plot of 0.5 hectares at all stages. In total, 28 on-site inspections were organized, as a result of the final control and supervision event, the committee’s inspectors issued a conclusion on the compliance of the building with the approved design documentation,” noted the Chairman of the Committee for State Construction Supervision of the City of Moscow

    Anton Slobodchikov.

    Earlier, Sergei Sobyanin reported that this year new housing was received under the renovation program more than 18 thousand Muscovites.

    The renovation program was approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. The Moscow mayor ordered to increase the pace of implementation of the renovation program in twice.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quickly official telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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    https: //vv.mos.ru/nevs/ite/156198073/

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  • MIL-OSI Russia: Registration for the July SUP Festival is now open

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Registration for the costume festival has begun “Here’s the rub, Moscow!”. It will take place on July 13 as part of the project “Summer in Moscow” in the Muzeon Arts Park and will be timed to coincide with Moscow Transport Day.

    “In accordance with the task set by Sergei Sobyanin, we are developing the river area not only as part of the capital’s transport system, but also as a space for recreation and leisure for city residents. In honor of Moscow Transport Day, we will hold a large-scale festival in the Muzeon Arts Park with a swim on SUP boards. We invite everyone,” said the Deputy Mayor of Moscow for Transport and Industry

    Maxim Liksutov.

    To take part in the SUP swim, you must register atwebsite. There you can also see the detailed program of the event and the rules of participation. If you do not have your own sap, you must indicate this, and it will be provided free of charge (the number is limited).

    This year, for the first time, the festival will select Mr. and Miss Sap. After the swim, the results will be announced on the main stage. The winners will receive prizes.

    In addition, participants will have competitions for the best costume and the most original board design. There will be an entertainment program, a DJ set, active and board games. Master classes, animation and other entertainment for children are planned. In the photo zone, you can use the services of professional photographers.

    Eight kilometers swim will take place along the Vodootvodny Canal from 09:00 to 12:00, registration at the site begins at 06:30, and the event will take to the water at 07:30. Rescuers and ambulance personnel will be on duty at the festival to ensure safety.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. “Summer in Moscow” is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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    https: //vv.mos.ru/nevs/ite/156214073/

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  • MIL-OSI Russia: A number of streets and embankments will be closed in the center of Moscow on July 5

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In connection with the holding of the “Two Rivers” bicycle race, the traffic pattern on the central embankments and adjacent streets will change.

    It will be limited on one right-hand lane on July 4 from 10:00 to 23:59 and from 22:30 on July 5 to 06:00 on July 6 on Khamovnichesky Val Street when moving towards Frunzenskaya Embankment from house 14 on Khamovnichesky Val Street to Frunzenskaya Embankment. And from 15:00 on July 5 to 02:00 on July 6 – on Frunzenskaya Embankment towards Luzhnetskaya Embankment, on Prechistenskaya Embankment towards Frunzenskaya Embankment, on Kremlevskaya Embankment when moving towards Prechistenskaya Embankment and on Moskvoretskaya Embankment towards Kremlevskaya Embankment.

    In addition, on July 5 from 00:01 to 22:30 it will be impossible to drive along Khamovnichesky Val Street in the direction of Frunzenskaya Embankment from house 14 on Khamovnichesky Val Street to Frunzenskaya Embankment. And from 14:30 to 22:30 traffic will be closed in the opposite direction – from the embankment to house 14.

    From 16:30 to 20:30, the following central embankments will be closed to cars: Frunzenskaya, Prechistenskaya, Kremlevskaya, Moskvoretskaya, Podgorskaya, Bernikovskaya, Nikoloyamskaya, Andronyevskaya, Zolotorozhskaya, Krasnokazarmennaya, Golovinskaya, Gospitalnaya, Semenovskaya, Preobrazhenskaya, as well as Veteranov Avenue.

    Parking will be temporarily prohibited on Khamovnichesky Val Street from 00:01 on July 4 until the end of the event, and from 00:01 on July 5 – in all restricted areas.

    Drivers are advised to plan their route in advance, taking into account temporary traffic changes. Full details can be found on the website Traffic Management Center.

    Bicycle race “Two Rivers”

    The annual Cyclingrace “Two Rivers” will take place in Moscow on July 5. This unique event will bring together professional athletes and active lifestyle enthusiasts, as well as everyone who wants to experience the joy of participation, spend time with family and like-minded people.

    The route will run along the two main waterways of the capital – the Moskva River and the Yauza. Participants will start and finish in Khamovniki. They will ride past the walls of the Kremlin along the picturesque embankments of Moscow through the historical districts of the city to Sokolniki and back.

    For experienced athletes, a track with distances from 74 to 111 kilometers has been prepared. Only road bikes with a ram-type handlebar are allowed to participate. Amateurs can choose a race with distances of 15 and 37 kilometers. They are allowed to use any bikes except specialized models: recumbent, tandem, time trial and motorized.

    At the finish line, participants will be provided with food, cold and hot drinks. To ensure safety, traffic will be temporarily closed during the bike race.

    You can register for the event at official websiteIt is recommended to check the technical condition of the bicycle in advance, study the safety rules and prepare the appropriate equipment taking into account the weather conditions.

    Get the latest news quickly official telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

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  • MIL-OSI Russia: Heating systems in more than 600 residential buildings in the capital will be prepared for the winter period

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    This year, as part of the regional capital repair program, heating systems will be updated in more than 600 apartment buildings, which will ensure their readiness for the autumn-winter period. For this purpose, over 300 thousand heating devices will be purchased. This was reported by the Deputy Mayor of Moscow in the Government of Moscow Petr Biryukov.

    “As part of the centralized purchase of heating devices for major repairs, we plan to purchase more than 300 thousand items. These are radiators, heated towel rails and convectors,” noted Petr Biryukov.

    The Deputy Mayor emphasized that timely and high-quality replacement of heating devices is the key to comfort and safety in Muscovites’ apartments.

    “During major repairs, all worn-out pipelines, valves, support structures, various connecting elements, heating devices in apartments and common areas are replaced. In this way, a comprehensive repair of engineering systems is carried out, which guarantees their reliable and trouble-free operation in the winter,” added Petr Biryukov.

    After the replacement of heating system pipelines is completed, a comprehensive pressure test must be carried out under the supervision of the resource supplying organization.

    The head of the municipal services complex explained that during major repairs, only domestic heating devices and materials that meet all the requirements of reliability and durability are used. For example, when replacing a central heating system, Russian bimetallic radiators with high energy efficiency or modern powerful convectors are installed.

    The regional program for major repairs of apartment buildings being implemented in the capital corresponds to the goals and objectives of the national project “Infrastructure for life”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Concerts, master classes, film screenings will be held as part of the Friendship of Nations festival

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The fifth festival of national hospitality “Friendship of Peoples” will be held at VDNKh from July 3 to 6. Business, entertainment and cultural programs have been prepared for guests.

    The program will include concerts, family entertainment, the International Festival of Culture, Fashion and National Hospitality “Uzoryfest” and much more. In addition, for the first time, the festival will feature two national holidays – the republics of Chuvashia and Udmurtia, as well as a special program for Karachay-Cherkessia. Entrance to most events is free, but some require pre-registration. You can view the program on the official website VDNKh.

    As reported earlier Natalia Sergunina, Deputy Mayor of Moscow, as part of the festival “Friendship of Nations” Around 100 events of various formats are planned: expert discussions, art exhibitions, sports competitions, culinary master classes and tastings.

    The participants of the business program will gather in the congress hall of the Cosmonautics and Aviation Center. They will discuss current issues related to business tourism, fashion, and culture. On July 3 at 1:00 p.m., there will be a panel discussion on the topic of “Going beyond the showcase: how museums are becoming living mediators,” and at 3:00 p.m., there will be a panel discussion on “MICE tourism: a look into the future.” On July 4 at 1:00 p.m., the plenary session “Friendship of Peoples: a variety of formats for interstate events” will begin. To participate in the business program, you must register.

    The festival will take place from July 4 to 6 “Patterns Fest”. It will include two blocks: business and cultural and entertainment. They will be held from 11:00 to 20:00.

    On July 5, from 2:00 PM to 10:00 PM, a concert program will be held on the main stage of the festival, located on the square between Pavilion No. 1 “Central” and the “Friendship of Peoples” fountain. It will feature the Moscow State Dance Ensemble “Russian Seasons”, the folk ensemble “Matrena-art”, the Udmurt State Theater of Folk Song and Dance “Aikai”, the folk group “Buranovskie Babushki”, the State Academic Choreographic Ensemble “Berezka” named after N.S. Nadezhdina, the State Academic Honored Dance Ensemble of Dagestan “Lezginka”, the State Song and Dance Ensemble of the Republic of Tatarstan, the State Academic Koryak National Dance Ensemble “Mengo” named after Alexander Gil (Gubernatorsky). The State Song and Dance Ensemble “Sayany” will present the world premiere of a fragment of the first Tuvan ballet “Subedei”. The main role will be played by People’s Artist of Russia Farukh Ruzimov.

    In addition, the People’s Artist of Russia Nadezhda Krygina, the folk song ensemble “Lyubo-milo”, the folk-metal group “Kalevala”, the neofolk group “Balakir”, the ethno-electropunk group Hagrin, as well as the poet and composer Lena Vasilek, the performer from Donetsk Natalia Kachura, the singer Islam Itlyashev, and the first Mari rapper Ship Liy will perform.

    Exhibitions, sports competitions, master classes

    On July 4, events prepared by the Karachay-Cherkess Republic will be held. A documentary photo exhibition dedicated to the 200th anniversary of Cherkessk will open in the southern rose garden. It will introduce visitors to archival and historical footage of the city. The Cosmonautics and Aviation Center will host a tourism presentation of the region as part of the business program. At 1:00 p.m., the VDNKh Culture House will show the play The Marriage of Balzaminov by the Russian Drama and Comedy Theater of the Karachay-Cherkess Republic, and at 4:00 p.m., the feature film The Aul Test will be shown.

    On July 5, the traditional holiday of the Udmurt Republic Gerber will be held. It is held after the end of spring field work to express gratitude to nature, perform symbolic rituals, conduct the first haymaking, cook barley porridge cooked in meat broth, and treat yourself to perepechi. The holiday will begin at 07:00 with a sports race on the northern loop of the VDNKh ring road. The route of the distances can be found atwebsiteYou can also register for the race here.

    Guests will be able to visit an exhibition-fair of goods from young republican entrepreneurs and artisans, an exhibition called “Udmurtia is proud”, lessons in the Udmurt language and film screenings in it, a presentation of books by national writers, as well as watch a concert program and take part in various master classes.

    On July 6, the national holiday of the Chuvash Republic, Akatuy, will take place. Sports competitions in kereshu wrestling will be organized for guests, as well as a special program in the “House of Russian Cuisine”: master classes, a concert, tastings. At 13:45, all those wishing to will walk around the “Friendship of Peoples” fountain in a round dance with the participation of artists in Chuvash costumes.

    At 14:30 there will be a grand opening of the festival, an award ceremony for outstanding Chuvash people, a fashion show in national costumes, and a concert featuring the Chuvash State Academic Song and Dance Ensemble, the classical group “Belcanto”, the folklore and pop ensemble “Syaval”, the vocal group “Yardy” and Avgustina Ulyandina, the Chuvash vocal ensemble “Sespel”, groups of the Chuvash State Philharmonic, and artists of the republican pop scene. From 12:00 to 21:00, an exhibition and fair of products from Chuvash manufacturers will be held at the site near pavilion No. 64.

    Outdoor events of the festival’s information partner are planned on the territory of the Orion Family Theme Park. The program “World Family Starts” will be held on July 3-4 from 17:00 to 20:00 and on July 5 and 6 from 13:00 to 20:00.

    National Pavilion Program

    Pavilion No. 4 (Exhibition and Trade Center of the Kyrgyz Republic) will participate in the festival for the first time. On July 3 and 4, guests will be able to attend a tea ceremony in a decorative yurt, take part in master classes on playing the komuz, attend Kyrgyz language lessons, play the folk board game “ordo” (“alchiki”), and take photos in national costumes.

    On July 3, the exhibition “80 Years of Victory in the Great Patriotic War” will open in Pavilion No. 18 (Exhibition and Trade Center of the Republic of Belarus). It is dedicated to the Independence Day of the Republic of Belarus.

    On July 3, the Bel Canto Foundation’s concert “Beauty of Uzbekistan” will be held in Pavilion No. 66 (Exhibition, Cultural and Exposition Center of the Republic of Uzbekistan). Guests will listen to vocal numbers, as well as violin and guitar pieces. In addition, from July 3 to 6, it will be possible to view the interiors of the pavilion.

    On July 5, a master class on cooking the national dish “harisa” with tasting will be held in Pavilion No. 68 (Exhibition and Trade Center of the Republic of Armenia). In addition, musical and dance groups will perform for the guests.

    Good Neighborliness Festival, Equestrian Ceremony, Film Festival

    On July 4, the Children’s Embassy will host the circus program “Circus Lights Up the Lights,” and on July 5, it will host a good-neighborliness festival. Guests will visit a performance, workshops, a beauty gallery, get face painting, and see a clown and jugglers perform.

    On July 5 at 11:45, the equestrian ceremony of the riders of the Kremlin Equestrian School will begin. The route runs from the Center of National Equestrian Traditions to the Druzhby Narodov Square, where a performance with the participation of the orchestra will be held for the spectators. In pavilion No. 42, the Center of National Equestrian Traditions, a program dedicated to Caucasian horse breeds will be presented. It will include educational stories and creative master classes. On July 6 at 12:00, sports events will be held for guests of VDNKh on the site of pavilion No. 27, Physical Education and Sports.

    The Druzhba Narodov film festival will be held at the Cinema Museum at VDNKh. On July 3 at 4:00 PM, guests will be introduced to the festival program and the film Girl with a Guitar will be shown. On July 5 at 4:00 PM, the drama Little Sister will be presented, and on July 6 at 4:00 PM, the film Don’t Bury Me Without Ivan. Detailed information can be found on the website Cinema Museum.

    The Atom Museum invites you to the Atom Unites tour from July 4 to 6 at 19:00, which will open the world of international nuclear energy to visitors. You can register atwebsite. On July 3 at 17:00, there will be a master class “Radiation around: from the Urals to Kamchatka” and a quiz “Through the Arctic ice”. And on July 3 and 4 at 16:00, young visitors will be introduced to social geography at the master class “Across Eurasia with Atom”. You can find out more about it atwebsite.

    The Glavvino pavilion has prepared a special summer set, “Hospitality,” consisting of five Russian wines and snacks to go with them. The set is available for order from July 3 to 6.

    On July 5 at 16:00 in the hall “Krasnostop” (2nd floor of the pavilion “Glavvino”) there will be a tasting “Hospitality” with chef-caviste Vladimir Glukhov. In honor of the festival on the site in front of the pavilion from 15:00 to 22:00 there will be a DJ.

    Holding events for VDNKh guests corresponds to the objectives of the national project “Tourism and Hospitality” and is the most important part of the VDNKh strategy until 2030.

    Project “Summer in Moscow” — the main event of the season. It unites the most vibrant events of the capital. Every day in all districts of the city there are charity, cultural and sports programs, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

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  • MIL-OSI Russia: City rental offered favorable rates to participants of the night bike festival

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Participants of the Moscow Night Bike Festival will be able to take advantage of the favorable Velofest tariff. This was announced by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “The night bike festival will take place on July 5, its route will be 21 kilometers. “Velobike” has prepared special conditions for participants, and electric bicycles will be waiting for you on Luzhnetskaya Embankment. We continue to improve the accessibility, safety and convenience of bike rides, making them even more profitable for city residents on behalf of Sergei Sobyanin,” explained Maxim Liksutov.

    They offer to rent a bike for three hours for 549 rubles – that’s only three rubles per minute. The tariff can be purchased from July 3 until the end of the bike festival. The package is valid for seven days from the moment of payment or until the three hours are exhausted. During this period, the tariff can be re-issued.

    The number of bicycles is limited, those available for rent are listed in the app “Velobike”Those who will participate in the festival in their own transport will be able to use the technical inspection service at the city rental company workshop.

    Registration onbike festival is already open. The starting town will open at 20:00. The 21-kilometer route will begin on Luzhnetskaya Embankment and end near Sokolniki Park. Participants should arrive at the starting point at the time specified during registration, and also follow the rules for using bicycles and traffic.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: “Active Citizens” to evaluate the program of events of circus tents

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    This summer, new entertainment awaits the residents of the capital. For the first time, within the framework of the project “Summer in Moscow” grand performances will take place “Circus Divertissements”with the participation of Russian circus artists.

    City residents and tourists can attend performances in picturesque places of Moscow: the Moskino cinema park, Izmailovsky Park and the Yuzhnoye Butovo landscape park. Spectators will see majestic lions and graceful tigers, funny clowns, mysterious illusionists and much more.

    The Active Citizen project invites Muscovites to join new vote, in which participants will have to evaluate summer circus programs.

    From Safari to Magic

    Thus, the circus in the Moskino cinema park has prepared a fascinating journey through the African savannah. The main characters of the program are Algerian lions. Guests will be shown unique numbers: the animals will demonstrate their strength, and aerial gymnasts on silk canvases will perform mesmerizing somersaults. A clown duo will present sparkling scenes with the participation of four-legged artists.

    “Active citizens” will have to appreciate another circus tent site. It is located near the Round Pond in Izmailovsky Park. Here they have prepared a program with the cinematic name “Striped Flight” – a dynamic show with the participation of Bengal tigers. Spectators will also see how bear acrobats from the legendary circus dynasty ride a bicycle, aerial gymnasts and a tightrope walker perform risky tricks, and a well-coordinated juggling duo performs in the arena.

    In the landscape park “Yuzhnoye Butovo” visitors will see “Magic of the Circus” – a bright and modern show with incredible pirouettes of gymnasts and acrobats, tricks of equilibrists, mysterious tricks of illusionists and show balletThe troupe of the Great Moscow Circus, under the direction of People’s Artists of the Russian Federation Edgard and Askold Zapashny, will also amaze you with their skills.

    For participating in the voting, users will be awarded points for the city’s loyalty program “A Million Prizes”. They can be used to receive goods and services from the program’s partners, including souvenirs with logos of Moscow’s electronic projects. In addition, “active citizens” can donate points to charity, top up their Troika transport card account and the Parking of Russia app.

    Chance to win tickets

    Muscovites will be able to take part in special promotion and win two invitation tickets to the show “Algerian Lions” in the circus tent at the Moskino cinema park. To do this, you need to vote and enter the promo code SHAPITO in the “My Profile” section on the website or in the project’s mobile app between July 3 and 13 “Active Citizen”. At the end of the promotion, a random number generator will select 50 winners.

    Project “Active Citizen” has been operating since 2014. During this time, more than seven million people have joined it, and in total, over seven thousand votes have been held. Every month, 30 to 40 decisions are implemented in the city. The project is being developed by the State Institution “New Management Technologies” and the capital Department of Information Technology.

    The creation, development and operation of the e-government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.

    Three tent circuses will operate in the capital as part of the Summer in Moscow project

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156193073/

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  • MIL-OSI Russia: Intellectual Property Protection: Polytech Co-Organizes Landmark Conference

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The 26th scientific and practical conference “St. Petersburg Collegial Readings – 2025” on the topic “Intellectual Property: Theory and Practice” was held in St. Petersburg. The organizers were the St. Petersburg College of Patent Attorneys and Peter the Great St. Petersburg Polytechnic University. More than 230 intellectual property specialists from Russia, the Republic of Belarus, Kazakhstan and Uzbekistan discussed issues of legal protection, defense and use of intellectual property. Representatives of FIPS, EAPO, RGAIS also participated in the conference.

    At the grand opening, the President of the St. Petersburg College of Patent Attorneys Andrey Fedotov noted the diversity of the reports presented and wished the participants fruitful work. Director of the Center for Intellectual Property and Technology Transfer of SPbPU Ismail Kadiev emphasized that the readings represent a unique opportunity to exchange knowledge, ideas and experience, and that the research will contribute to the development of the intellectual property sphere in Russia.

    This year, the conference organized a separate section dedicated to industrial designs. Russian and Eurasian patent attorney Dmitry Borovsky from Saratov spoke about the characteristics of an industrial design and a work of design, and listed the changes made to the legislation. Russian patent attorney from Novosibirsk Alina Minakova explained how to protect your rights to a trademark.

    Asemgul Abenova, Head of the Industrial Designs Department of the EAPO Expertise Department, spoke about the Eurasian system of patenting industrial designs and the features of the Eurasian patent. She presented the stages of consideration of the Eurasian application, the types and amounts of fees, as well as the conditions of patenting.

    Russian patent attorney Elena Danilina and Washington State University (Seattle, USA) law professor Anna Bakhmetyeva spoke about the intellectual property rights of ethnic communities and transboundary features of legal regulation. The patent experts explained what object of intellectual property rights is folklore and reviewed the legal regulation of traditional knowledge in Russia and neighboring countries.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Media Olympus of Polytechnic: congratulations to the winners of the competition!

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The student competition “MediaActive Polytechnic”, which was held from March to May on the initiative of the Public Relations Department, has ended.

    The competition was held among students. To participate in it, it was necessary to form a team and demonstrate their creative abilities and activity in the official communities of the Polytechnic University VKontakte AndTelegram. The guys completed a variety of tasks: they filmed VK clips, shared photos from university events, and actively participated in surveys.

    “The media activity competition did not assume that you can simply leave more likes and comments under a post and win a prize. Here, students had to show creativity, polytechnic skills, love for the university and not lose interest during the three months that the competition lasted,” said Marianna Dyakova, Head of the Public Relations Department. “Every week, they had to complete tasks, and do it at a high level. And we are very glad that the guys responded and were ready to participate in such a long race. The most motivated ones came to the finish line. And we want to thank the teams that took first, second and third places: they were disciplined, active, and constant in their interest.”

    “Thanks to this competition, the guys were able to demonstrate their talents,” says Olesya Stepanova, head of the special projects department. “And an additional incentive for the participants was that if you create quality content, it will be published on the university’s social networks with a huge audience.”

    “We are always looking for caring students who want to prove themselves at the university, and this competition helped us find them,” says Marianna Dyakova. “They can become volunteers at our events or content makers. I think it makes sense to continue this competition. Perhaps we will fill it with even more creative tasks. Yes, it is connected with media activity, but the most important thing is that it brings to life the values professed by the Lepota ecosystem.”

    Six teams reached the final of the competition, and the winners were chosen based on the number of points earned. The most active and creative was the United Student Council of Dormitories, and each member of the winning team received a cash reward – five thousand rubles!

    Second place went to “6 frames”. Silver medalists will receive an unforgettable gift – a personal photo session in a professional photo studio of the Polytechnic University.

    The Chelyaba team came in third place; the bronze medalists were awarded branded sweatshirts.

    Congratulations to all participants and winners! Your activity and creative approach made the media space of Polytechnic even more vibrant, lively and relevant.

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  • MIL-OSI Russia: Rosneft and the Ministry of Transport of the Russian Federation Agree on Cooperation in Development of Transport Infrastructure

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    At the XXVIII St. Petersburg International Economic Forum, Rosneft and the Ministry of Transport of the Russian Federation signed an Agreement on Cooperation in development of transport infrastructure facilities.

    The document was signed by Rosneft CEO Igor Sechin and Russian Minister of Transport Roman Starovoyt.

    As part of the cooperation, the parties will focus on the construction and modernization of transport infrastructure facilities, and the development of international transport corridors.

    Improving the quality of road service on federal highways, enhancing services for road users, and introducing advanced materials and technologies in road activities will be important areas.  

    Particular attention shall be given to fulfilling government objectives, including the effective implementation of instructions of the Russian President and the RF Government in the area of transport industry and road infrastructure development.

    The signing of the Agreement shows the commitment of Rosneft to development of the country’s transportation infrastructure.

    Department of Information and Advertising
    Rosneft Oil Company
    June 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Rosneft and Rosprirodnadzor Sign a Cooperation Agreement

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    At the XXVIII St. Petersburg International Economic Forum, Rosneft and the Federal Service for Supervision of Natural Resources (Rosprirodnadzor) signed a cooperation agreement, which provides for consulting and expert support by the Service to the Company in the implementation of its investment projects.

    The agreement was signed by Igor Sechin, Chief Executive Officer of Rosneft, and Svetlana Radionova, Head of the Federal Service for Supervision of Natural Resources.

    The agreement will ensure timely compliance with the requirements of ecological safety and environmental protection while implementing investment projects at the stages of design, upgrade, reconstruction and commissioning preparation.

    An important area of work will be joint elaboration of proposals to improve Russian legislation in the area of environmental protection activities.

    The agreement envisages organizing joint events, such as scientific and practical seminars, creating working groups, as well as arranging advisory and working meetings.

    Department of Information and Advertising
    Rosneft Oil Company
    June 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Rosneft Sign an Agreement of Cooperation in HR Training with Indian Management Development Institute and St. Petersburg State University

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    At the XXVIII St. Petersburg International Economic Forum, Rosneft concluded a trilateral agreement of cooperation in HR training with Management Development Institute (Gurgaon, Republic of India) and St. Petersburg State University (St. Petersburg State University).

    The document was signed by Igor Sechin, Chief Executive Officer of Rosneft, Nikolai Kropachev, Rector of St. Petersburg State University, and Professor Arvind Sakhai, Director of the Management Development Institute.

    The agreement provides for training Rosneft employees on joint programs of the St. Petersburg State University Graduate School of Management and the Gurgaon Management Development Institute, as well as exchanging knowledge and experience in the area of technology development in the oil and gas sector, improving the efficiency of operational management, logistics, artificial intelligence and digitalization, etc.

    Besides, there will be visits to Indian companies organized for the Company employees as part of joint educational programs to study current practices in the oil and gas sector.

    The implementation of this Agreement will facilitate developing a long-term mutually beneficial partnership between Rosneft, St. Petersburg State University and the Gurgaon Institute of Management Development, as well as addressing complex business objectives of the Company.

    Note:

    The Management Development Institute was established in 1973 by Industrial Finance Corporation of India. This is the first institute in India to receive the status of “Management Institute” and is one of the best business schools in India. The Institute has 2 international accreditations from AACSB (USA) and AMBA (UK). The Institute’s programs are also accredited by the National Board of Accreditation (NBA), which confirms their compliance with the quality standards of education in India.

    Since 2008 St. Petersburg State University has been a strategic partner university of Rosneft Oil Company. As part of cooperation, Rosneft and the St. Petersburg State University Graduate School of Management are implementing innovative professional development and retraining programs. Employee training takes place on the basis of the Institute of Higher School of Management of St. Petersburg State University. It is the only business school in Russia that is among the top 1% of the best business schools in the world, which is confirmed by the accreditations of the largest international associations EQUIS, AMBA and AACSB. Rosneft facilitates infrastructure development and supports best students and promising teachers. Over 1,500 Company employees have been trained for extended education programs over the period of cooperation.

    Department of Information and Advertising
    Rosneft Oil Company
    June 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Rosneft and the Ministry of Industry and Trade of the Russian Federation Enter into a Cooperation Agreement

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Rosneft and the Ministry of Industry and Trade of the Russian Federation signed a Cooperation Agreement at the XXVIII St. Petersburg International Economic Forum.

    The document was signed by Rosneft CEO Igor Sechin and the Minister of Industry and Trade of the Russian Federation Anton Alikhanov.

    The Agreement expands the scope of cooperation between the Company and the Ministry and provides for implementation of joint initiatives to develop industrial infrastructure in Russia, including through localization and import substitution of foreign technologies and equipment.

    Under the Agreement, the parties will develop cooperation with the aim to support the export of industrial products, provide access to the markets of goods and services, and to carry out foreign trade activities.

    Department of Information and Advertising
    Rosneft Oil Company
    June 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Igor Sechin: Ill-Conceived Strategy Results in Electricity Costs in Europe Five Times Higher Than In the US

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Lifting subsidies for green energy in the US shows that this country, unlike the European Union, is returning to a pragmatic policy, said Igor Sechin, Chief Executive Officer of Rosneft.

    The Company’s CEO noted that in the US, where electricity consumption has returned to growth after a decade of stagnation, the new administration is already revising its energy strategy in favor of traditional sources. For example, President Trump recently signed a series of executive orders aimed at revitalizing the coal industry. Simultaneously with regulations’ mitigation, the US Department of Energy has raised its forecast for US coal production this year by 6%.

    “The lifting of “green energy” subsidies in the US shows that unlike the European Union this country is coming back to a pragmatic policy. This has already led to the fact that the cost of electricity in Europe today is 5 times higher than in the US,” the CEO of Rosneft said at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: US Oil Production at Current Prices Peaks – Sechin

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    US oil production at current prices has probably reached its peak, Rosneft CEO Igor Sechin said at the Energy Panel of the XXVIII St. Petersburg International Economic Forum.

    Delivering a keynote speech, the CEO called the energy policy initially announced by the new US administration promising. However, most of these goals have not yet been achieved: tariff wars have led to a drop in oil prices, while taxes for the oil industry remain at the same level and interest rates have not been reduced. Given this backdrop, the number of active drilling rigs has fallen 9% to 439 over the past two months and oil production growth has stalled. In less than a year, the U.S. Department of Energy has lowered its forecast for U.S. oil production by the end of 2025 by 400 thousand barrels per day.

    “At current prices, the USA oil production appears to have peaked,” Sechin said, noting that Diamondback Energy and ConocoPhillips recently voiced this opinion. And Liberty Energy, an oilfield services company founded by U.S. Energy Secretary Chris Wright, expects a significant slowdown in drilling activity in the second half of this year, which should lead to a reduction in the U.S. drilling fleet by about 10% more. “Not surprisingly, against this backdrop, many shale players have already started cutting investments,” said Rosneft’s CEO.

    He noted that the sharp drop in oil prices this year has already led to a revision of investment plans. According to the IEA’s latest estimate, this year, for the first time in five years, global investments in oil exploration and production will drop by 6%, while in the U.S. the drop will amount to about 10%.  “I think this is just the beginning,” the CEO of Rosneft remarked.

    “The new head of the US Treasury Department, Scott Bessent, has repeatedly stated that the success of Trump’s second presidential term requires oil production growth in the US in the amount of three million barrels per day. This is part of a so-called “3-3-3 Plan” which also envisages cutting the US budget deficit down to 3% of GDP and reaching 3% of GDP increase,” Igor Sechin reminded.

    The CEO of the Company also asks the question, what difference does it make for the US market where these barrels will come from? “Quite possibly, those may be barrels produced in OPEC+ countries. Since late last year the alliance has consistently reiterated the need to ramp up production due to changes in consumption,” Sechin said.

    The CEO also noted that in addition to the interest of states, the interests of shareholders should be taken into account. Low oil prices in the current period do not allow many companies to maintain the same level of dividend payments and share buybacks, said the CEO of Rosneft. According to Rystad Energy experts, which Sechin cited, if the oil majors maintain their payments to shareholders, they will have to almost completely abandon investments or significantly increase their debt as early as this year.

    “The fall in prices has already started to affect the major players. BP and Chevron will reduce share buybacks by almost 60% and 30%, respectively , while Aramco has to build up debt to be able to pay dividends,” the CEO said.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: OPEC+ Decision on Production Growth Justified, Oil Reserves at Minimum Level – Rosneft CEO

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Rosneft CEO Igor Sechin called decision by OPEC+ to forcefully increase oil production justified and far-sighted.

    During his keynote speech at the Energy Panel of the XXVIII St. Petersburg International Economic Forum, Sechin noted that the announced increase in production since May this year is three times higher than the alliance’s original plan. In addition, the entire OPEC+ production increase could be pushed back a year ahead of plan.

    “The decision of OPEC leaders to boost production appears today a very forward-looking and, a justified one from the market standpoint, given the consumers’ interest in light of uncertainty pertaining to the scope of the Iran-Israel conflict,” the CEO said.

    At the same time, Sechin noted, “Despite the announced production growth, there can be no question of an oil excess in the market in the long run” as “world oil reserves are now at their lowest levels in five years”.

    “Low oil prices suit consumers in the US, where the inflation-adjusted price of gasoline has already returned to 2019 levels. It is no coincidence that this is happening against the backdrop of the White House’s intensified Middle East policy and the conclusion of a number of agreements with key countries in the region”, – said the CEO of Rosneft.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Rosneft CEO Explains EU Attempts to Lower Price Cap on Russian Oil

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    The European Union seeks to increase the efficiency of oil purchases from Russia when it tries to push the reduction of the price cap on Russian oil, Rosneft CEO Igor Sechin said at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.

    During his keynote speech, the Company’s CEO noted that the European Union continues to attempt forcing down the price cap on Russian oil to $45 per barrel.

    “I believe that the real purpose of this is the EU’s desire to increase the efficiency of its purchasing from Russia, not to reduce Russian budget revenues, as was publicly declared. Figures confirm this: according to Western experts, since the beginning of 2023, Europe has purchased more than 20 billion euros worth of Russian oil, thus becoming the fourth largest buyer,” Sechin said.

    However, he believes it is obvious that the U.S. will not agree to lower the price ceiling because it would negatively affect the profitability of U.S. oil exports.

    The CEO of Rosneft separately noted the situation in Saudi Arabia, saying that imports of Russian dark oil products after the start of sanctions restrictions allow the kingdom to effectively meet the feedstock needs of its energy industry without affecting oil exports. The volume of fuel oil and vacuum gasoil supplied to the country from Russia over the past 12 months is more than six times higher than four years ago.

    According to Sechin, Indian refiners are using a similar approach today. India, the second-largest buyer of Russian oil, has nearly doubled its exports of oil products to Europe over the past three years.

    “Many producing countries need an oil price much higher than current levels to balance their budgets. Thus, according to IMF calculations, in 2025 this price is more than $90 per barrel for Saudi Arabia’s budget,” Sechin summarized.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Sechin Names Russia, Venezuela, Iran as Key Players to Ensure Global Energy Security

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Russia, Venezuela and Iran are key players in the energy market and global energy security directly depends on their supply, Rosneft CEO Igor Sechin said at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.

    “Russia, Venezuela and Iran are key players in the energy market, and global energy security directly depends on their supply. These countries account for one-third of the global liquid hydrocarbons reserves and 15% of the global production. Without their resource base, it is impossible to facilitate the transition to the new landscape of the global energy industry,” the CEO said. 

    At the same time, according to Sechin, Russia’s real contribution to the Global Economy is proportional to its share in the global resource balance. 

    “Our country’s share in global hydrocarbon exports is about 15%. However, the Russian resource base is not only hydrocarbons, but also metals. Russia’s share in gold mining is about 10%, and in the mining of such metals as high-grade nickel and palladium it reaches 20% and 40% respectively,” the CEO said.

    Rosneft CEO also noted that Russia has about 10% of the world’s reserves of rare-earth metals, without which it is impossible to develop modern technologies.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: The Company’s commentary sent to interested foreign media:

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    “In view of unprecedented amount of coverage in foreign media alleging imminent consolidation of assets in the Russian oil industry with a direct hint on Rosneft’s intention to take over the main players in the domestic oil domain, we believe it necessary to bring a message forward.

    Your efforts have been a complete success. Igor Sechin’s insidious intentions to take over the assets the Company has not any need for have been thwarted solely by your efforts. There is a small problem though, with the alleged intentions having nothing to do with reality and not following any reasonable business logic, but them being, according to the vocabulary of some well-known authorities, an attempt to “divert attention to a false flag subject” from “eligible subject”, apparently known to you – quite likely a manifestation of an alternative to “Evil Sechin”.

    Should the Plan B come to fruition, it would be desirable to consider a possibility of compensating the moral damage to the unfortunate victims of self-serving scheming on behalf of the players in this exciting PR campaign.

    In God we trust”.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: ROSNEFT OIL COMPANY 9M 2024 IFRS RESULTS

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    • 9M 2024 HYDROCARBON PRODUCTION AMOUNTED TO 193.4 MLN TOE
    • 9M 2024 LIQUID HYDROCARBON PRODUCTION EQUALED 138.3 MLN TONS
    • 9M 2024 GAS PRODUCTION TOTALLED 67.0 BCM 
    • 9M 2024 EBITDA AMOUNTED TO RUB 2,321 BLN
    • 9M 2024 NET INCOME ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS AMOUNTED TO RUB 926 BLN
    • 9M 2024 FREE CASH FLOW AMOUNTED TO RUB 1,075 BLN
    • 9M 2024 UNIT LIFTING COSTS AMOUNTED TO $2.8/BOE

    Rosneft Oil Company (hereinafter – Rosneft, the Company) announces its results for 9M 2024, prepared in accordance with the International Financial Reporting Standards (IFRS).

      9M
    2024    		 9M
    2023    		 % change
      RUB bln (except for %)
    Revenues from sales and equity share in profits of associates and joint ventures 7,645 6,612 15.6%
    EBITDA 2,321 2,403 (3.4)%
    Net income attributable to Rosneft shareholders 926 1,076* (13.9)%
    CAPEX 1,052 909 15.7%
    Adjusted free cash flow 1,075 1,157 (7.1)%

    * Revised due to completion of the 2022–2023 acquisition price allocation in 2023.

    Igor Sechin, Chairman of the Management Board and Chief Executive Officer of Rosneft said:

    “Due to the Russian Government’s decisions to cap oil production in addition to the quotas set by the OPEC+ agreement, Rosneft’s operating performance in the reporting period was under pressure. In this context, the Company has been taking additional steps to ensure stable financial results as well as aimed at achieving a sustainable corporate business model.

    The key rate increase resulted in the reduced efficiency of refinery modernization projects that require external financing. The outstripping growth of tariffs of natural monopolies and incremental anti-terrorist security costs exerted additional pressure on the refineries’ performance. In order to protect the shareholders’ interests and avoid losses, Rosneft has been considering the need to suspend refinery modernization projects. At the same time, meeting the domestic demand for quality petroleum products remains a priority.

    Continuous changes in the taxation system have a negative impact on the oil industry. In particular, in the reporting period, net income attributable to Rosneft’s shareholders was negatively affected by the income tax rate increase to 25% from 2025. In accordance with IFRS, this resulted in a restatement of a deferred tax with a negative income effect of RUB 0.2 trillion.

    However, efficient execution and improved development parameters of a number of our key projects afforded an opportunity to dramatically reduce the negative effect of these changes on our shareholders.

    The reported net income attributable to Rosneft shareholders was also negatively affected by the exchange rate revaluation of foreign currency liabilities due to the weakening of the national currency. For example, during the third quarter, the ruble weakened against the yuan by more than 10%.

    It is worth pointing out that net income attributable to shareholders adjusted for the non-cash effects mentioned above remained mainly unchanged year-on-year.

    Shareholders’ interests remain one of our key priorities. On November 8, the Board of Directors recommended an interim dividend of RUB 36.47 per share which resulted in the semi-annual dividend yield of 7.6%. In full compliance with the corporate dividend policy, a total of RUB 386.5 bln or 50% of H1 2024 net income is recommended to be distributed as dividends.

    In the context of high stock market volatility and taking into account our shareholders’ rights and interests, the Company has resumed its Share Buyback Program previously approved by the Board of Directors.”

    ESG

    In the reporting period, the Company continued to implement measures to achieve sustainable development goals under the ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ strategy.

    Rosneft applies advanced technologies and state-of-the-art production methods to create a safe working environment and minimize the risk of occupational injuries and occupational illness. In 9M 2024, the Lost Workday Injury Severity (LWIS) improved by 33%.

    In 9M 2024, there were no gas, oil and water shows (release of oil, gas or water to the surface) during drilling operations at Company facilities. As part of efforts to minimize oil and petroleum product spills, measures were taken to replace field pipelines.

    In 9M 2024, as part of the corporate program to eliminate the environmental legacy, the area of contaminated land reduced by 7% and the volume of oily waste – by 12%.

    In October 2024, Rosneft entered the first quartile in the ESG transparency ranking of the Expert RA credit rating agency. The ranking was compiled based on the analysis of public information on the sustainability performance of 124 Russian companies in four main blocks: environment, society, corporate governance and non-financial reporting standards.

    Operating performance

    Exploration and production

    In 9M 2024, Rosneft liquid hydrocarbons production amounted to 138.3 mln tons (3,753 th. bpd). The indicator performance was primarily driven by the production cap in compliance with the decisions of the Russian Government.

    9M 2024 gas production amounted to 67.0 bcm (1,488 th. boepd). Greenfield projects in the Yamal-Nenets Autonomous District commissioned in 2022 account for over a third of the Company’s gas production.

    As a result, the Company’s 9M 2024 hydrocarbon production amounted to 193.4 mln toe (5,241 th. boepd).

    9M 2024 production drilling footage exceeded 9.1 mln meters. Rosneft commissioned over 2.2 th. new wells, 71% of which were horizontal.

    In 9M 2024, Rosneft conducted 1.2 th. km of 2D seismic and 4.8 th. sq. km of 3D seismic onshore Russia. The Company completed testing of 31 exploratory wells with a success rate of 84%.

    Vostok Oil Project

    As part of the Vostok Oil project, in 9M 2024 the Company completed 0.7 th. linear km of 2D seismic and 0.6 th. sq. km of 3D seismic. Rosneft carried out successful testing of 3 wells with 3 more wells being drilled and 1 more well being tested.

    Pilot development of the Payakha, the Ichemminskoye and the Baikalovskoye fields is in progress: production drilling footage amounted to 64 th. meters, while 10 production wells were completed in 9M 2024.

    Drilling and testing of another high-tech well with the horizontal section of 1,000 meters and 7-stage hydraulic fracturing at the Payakha field resulted in a stable oil flow, which confirms the resource potential of the development targets.

    Work is underway at the ‘Vankor – Payakha – Sever Bay’ trunk oil pipeline. Taking into account local climate patters, preparatory works for pipe laying were carried out during the summer period: more than 24 thousand piles were manufactured and prepared for mounting, over 200 km of the pipeline was welded.

    Construction of logistics infrastructure, building of hydraulic structures, shore reinforcement, expansion of coastal and berthing infrastructure is underway.

    Refining

    9M 2024 refining volume in Russia amounted to 62.6 mln tons.

    The Company has been consistently developing domestic technologies and import substitution. In particular, Rosneft provides Company refineries with proprietary catalysts, which are essential for production of high-quality motor fuel. In 9M 2024, Rosneft produced 1,810 tons of catalysts for hydrotreatment of diesel fuel and gasoline fractions, as well as protective layer catalysts. Rosneft subsidiaries also produced over 133 tons of gasoline reforming catalysts and 272 tons of catalysts for hydrogen production, petrochemicals and adsorbents. 1,002 tons of coked catalysts for hydrotreatment of diesel fuel were regenerated.

    Sustainable supply of high-quality motor fuel to Russian consumers is one of Rosneft’s key priorities. In 9M 2024, the Company sold 32.9 mln tons of petroleum products on the domestic market, including 9.9 mln tons of gasoline and 13.5 mln tons of diesel fuel.

    The Company is an active participant of trading activities at the St. Petersburg International Mercantile Exchange (SPIMEX). In 9M 2024, Rosneft sold 7.3 mln tons of gasoline and diesel fuel on the exchange, which is twice the required volume. The Company’s share in the total volume of exchange sales of gasoline and diesel fuel amounted to 37%.

    Financial performance

    Operating performance and the current macroeconomic environment combined with management decisions determined the trend of the Company’s key financial indicators.

    In 9M 2024, the Company’s revenue1 amounted to RUB 7,645 bln, representing an increase of 15.6% year-on-year on the back of higher oil prices. EBITDA reached RUB 2,321 bln, and the EBITDA margin amounted to 30%.

    In 9M 2024, the unit lifting costs amounted to $2.8/boe.

    9M 2024 net income attributable to Rosneft shareholders amounted to RUB 926 bln, which is 13.9% lower year-on-year driven by lower EBITDA, and higher debt financing rates, as well as non-cash factors, including the exchange rate revaluation of foreign currency liabilities and the effect of changes in the income tax rate.

    9M 2024 capital expenditure amounted to RUB 1,052 bln, which was 15.7% higher year-on-year due to the scheduled implementation of the Company’s investment program. At the same time, Rosneft’s free cash flow2 in the reporting period reached RUB 1,075 bln.

    The net debt/EBITDA ratio at the end of September 2024 amounted to 1.2x. The indicator growth was due to payment of final dividends of RUB 307 bln for 2023, as well as depreciation of the national currency.

    1 Includes revenues from sales and equity share in profits of affiliates and joint ventures
    2 Adjustment for prepayments under long-term oil supply contracts, including accrued interest payments thereon, net change in operations of subsidiary banks, and operations with trading securities.

    Department of Information and Advertising
    Rosneft Oil Company
    November 29, 2024

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: ROSNEFT OIL COMPANY FULL YEAR 2024 IFRS RESULTS

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    • 2024 HYDROCARBON PRODUCTION  AMOUNTED TO 255.9 MLN TOE
    • 2024 LIQUID HYDROCARBON PRODUCTION AMOUNTED TO 184.0 MLN TONS
    • 2024 GAS PRODUCTION TOTALLED 87.5 BCM
    • 2024 EBITDA AMOUNTED TO RUB 3,029 BLN
    • 2024 NET INCOME ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS AMOUNTED TO RUB 1,084 BLN
    • 2024 FREE CASH FLOW AMOUNTED TO RUB 1,295 BLN
    • 2024 UNIT UPSTREAM COSTS AMOUNTED TO $2.9/BOE
    • THE TOTAL AMOUNT OF PAID TAXES AND OTHER PAYMENTS BY THE COMPANY TO THE CONSOLIDATED BUDGET OF THE RUSSIAN FEDERATION EXCEEDED RUB 6.1 TRLN

    Rosneft Oil Company (hereafter, “Rosneft”, and the “Company”) publishes its results for 12M 2024 prepared in accordance with International Financial Reporting Standards (IFRS).

      12M
    2024    		 12M
    2023    		 % change
      RUB bln (except for %)
    Revenues from sales and equity share in profits of associates and joint ventures 10,139 9,163 10.7%
    EBITDA 3,029 3,005 0.8%
    Net income attributable to Rosneft shareholders 1,084 1,267 (14.4)%
    CAPEX 1,442 1,297 11.2%
    Adjusted free cash flow 1,295 1,427 (9.3)%

     

    Igor Sechin, Chairman of the Management Board and Chief Executive Officer of Rosneft, said:

    “In the reporting year, the Company operated against the backdrop of oil production cap under the OPEC+ agreement, increased taxation, the natural monopolies tariff rises outstripping inflation, incremental anti-terrorist security costs, growing sanctions pressure, and unprecedented interest rates increases.

    Management focused its efforts on revenue and EBITDA growth, while maintaining unit upstream costs at less than $3/boe, which is in line with our strategic objective, as well as on debt burden reduction. At the end of the year the net financial debt/EBITDA ratio amounted to less than 1.2x.

    Rosneft is the country’s largest taxpayer. In 2024, the total amount of paid taxes and other payments made by the Company to the consolidated budget of the Russian Federation exceeded RUB 6,1 trillion1.This is record high both for the Company and for the whole of the Russian market.

    The net income attributable to the Company’s shareholders is lower as compared to the previous year due to the impact of non-cash factors, the main one being the revaluation of tax liabilities due to the income tax rate increase to 25% from 2025. In accordance with IFRS requirements, this resulted in a restatement of deferred tax with a negative income effect of RUB 0.24 trillion. However, efficient execution and improved development parameters of a number of our key projects afforded an opportunity to dramatically reduce the negative effect of these changes.

    The sizable key rate increase exerted additional pressure on the net income. In particular, the Company’s interest expenses on loans and borrowings increased 1.5 times in 2024. I should note that the Bank of Russia maintains a very high real interest rate in the economy: in the last two years, it has been the highest in the world.

    Taking into account our shareholders’ interests and in full compliance with the dividend policy, in February, the Company paid an interim dividend of RUB 36.47 per share. The Company has been paying dividends consecutively since 1999. The dividend base has remained unchanged since the 2011 dividend, which ensures transparency and predictability of the dividend amount. I am pleased to note that in the last year alone the number of our shareholders increased by almost a third and reached 1.5 million people.

    Taking into account the negative macroeconomic environment, the Company forcibly adjusts its strategy to sustain its fundamental value. In 2024, in order to support its stock prices during the periods of sharp decline, the Company continued its Share Buyback Program previously approved by the Board of Directors. At the end of October – beginning of November 2024, when the Russian stock market hit its local lows, Rosneft successfully bought back about 2.6 mln of its shares at an average price of RUB 443.7. The Company used the same mechanism during 2020, when commodity markets suffered a COVID-pandemic related price crisis. At that time, the Company bought back about 0.76% of its shares at an average price of RUB 347.5. The current stake value exceeds the buyback price by more than 1.5х”.

    Operating performance

    Exploration and production

    FY2024, liquid hydrocarbon production amounted to 184.0 mln tons (3,737 th. bpd) on the back of, primarily, the production cap in compliance with the decisions of the Russian Government.

    In 2024, the Company’s gas production amounted to 87.5 bcm (1,455 th. boepd), maintaining Rosneft’s status as the largest independent gas producer in Russia. Greenfield projects in the Yamal-Nenets Autonomous District commissioned in 2022 account for over a third of the Company’s gas production.

    As a result, in 2024, the Company’s hydrocarbon production amounted to 255.9 mln toe (5,192 th. boepd).

    In 2024, production drilling footage exceeded 12 mln meters. Rosneft commissioned over 3 th. new wells, horizontal wells accounting for 72% of that amount.

    In 2024, Rosneft conducted 1.2 th. linear km of 2D seismic and 5.3 th. sq. km of 3D seismic onshore Russia. The Company completed testing of 62 exploratory wells with a success rate of 89%.

    In 2024, Rosneft discovered 7 deposits and 97 new hydrocarbon accumulations to the total of 0.2 bln toe under the AB1C1+B2C2 categories of the Russian reserve classification due to the high efficiency of the Company’s exploration activities. As a result, Rosneft’s hydrocarbon reserves under the Russian classification amounted to 21.5 bln toe (AB1C1+B2C2) at the end of 2024.

    Following an audit under the international PRMS classification (Petroleum Resources Management System), the Company’s 2P hydrocarbon reserves amounted to 11.4 bln toe. The 2P reserves replacement ratio exceeds 100%.

    Vostok Oil Project

    As part of the Vostok Oil project, in 2024, the Company completed 0.7 th. linear km of 2D seismic and 0.6 th. sq. km of 3D seismic. Rosneft carried out successful testing of 4 wells, with 1 well being drilled and 3 more wells being tested.

    In the reporting year, the project scope expanded from 52 to 60 license areas, and the resource base under the Russian classification increased to 7.0 bln tons of crude oil.

    The Company continues pilot development of the Payakhskoye, Ichemminskoye and Baikalovskoye fields: in 2024, production drilling footage amounted to 92 th. meters, while 11 production wells were completed. Successful drilling and testing of wells at the Payakhskoye field resulted in transportation of produced oil to the nearby Suzun field.

    Work is underway at the ‘Vankor – Payakha – Sever Bay’ trunk oil pipeline. As of the end of 2024, over 78,000 piles were installed; 359 km of pipeline were laid, including a 119 km long two-piped section. The Company completed laying and leak testing of the main pipeline crossing the Yenisei River, continues laying the backup pipeline.

    The Company completed most of the work on the construction of two cargo berths, as well as a berth for the port fleet at the Sever Bay Port terminal. Construction of the first oil loading berth is underway, and preparatory work for the second one is carried out. Construction of a crude oil delivery and acceptance point and the Suzun oil pumping station is underway. The Company continues with the construction of logistics infrastructure and hydraulic engineering installations, shore reinforcement, and expansion of onshore and berth infrastructure.

    Refining

    In 2024, Rosneft processed 82.6 mln tons of crude oil in Russia.

    Efforts have been made to maintain a high degree of reliability of refining assets and transition to domestic technologies. In particular, Rosneft provides its refineries with proprietary catalysts, which are essential for the production of high-quality motor fuel. In 2024, Rosneft produced more than 2 th. tons of catalysts for hydrotreatment of diesel fuel and gasoline fractions, as well as protective layer catalysts. Rosneft subsidiaries also produced 138 tons of gasoline reforming catalysts and 390 tons of catalysts for hydrogen production, petrochemicals and adsorbents. 1.6 th. tons of coked catalysts for hydrotreatment of diesel fuel were regenerated.

    Stable supply of high-quality motor fuel to Russian consumers is one of Rosneft’s key priorities. In 2024, the Company sold 43.6 mln tons of petroleum products in the domestic market, including 13.1 mln tons of gasoline and 18.1 mln tons of diesel fuel.

    The Company is an active participant of trading activities at the St. Petersburg International Mercantile Exchange (SPIMEX). In the reporting year, Rosneft sold 10.1 mln tons of gasoline and diesel fuel on the exchange, which is twice the required volume.

    Financial performance

    Operating performance and the current macroeconomic environment combined with management solutions determined the dynamics of the Company’s key financial indicators.

    The Company’s revenue2 for 2024 amounted to RUB 10,139 bln, representing an increase of 10.7% year-on-year on the back of higher Urals prices. EBITDA amounted to RUB 3,029 bln with an EBITDA margin of 29.7%.

    The unit upstream liftng costs in 2024 amounted to $2.9/boe.

    FY2024 net income attributable to Rosneft shareholders amounted to RUB 1,084 bln, which was 14.4% lower year-on-year and driven primarily by higher debt financing rates, as well as non-cash factors, including exchange rate revaluation of foreign currency liabilities and the effect of changes in the income tax rate.

    In 2024, capital expenditures amounted to RUB 1,442 bln, which was 11.2% year-on-year higher due to the scheduled implementation of the investment program at Upstream assets. At the same time, free cash flow3 in the reporting period reached RUB 1,295 bln.

    The net debt / EBITDA ratio at the end of 2024 remained unchanged in comparison with the end of Q3 2024, amounting to 1.2x, despite new negative macroeconomic factors.

    ESG

    Based on 2024 results, Rosneft reaffirmed its leading positions in sustainable development as well as high quality of information disclosure.

    The Company once again became a constituent of the Moscow Exchange – RAEX “ESG Balanced” Index with the best performance among Russian oil and gas companies. Rosneft became the only Russian oil and gas company with an AA ESG-rating assigned by RAEX for its “very high” level of ESG risk and opportunity management, with Rosneft governance rating at the highest AAA level.

    As a result of RAEX research, Rosneft was recognized as a leader of efficient management of water resources, becoming the only Russian oil and gas company among the top-10 rating participants with the highest scores in prudent water consumption, as well as in the quality of corporate policies and programs related to water consumption. The share of recycled and reused water at Rosneft production facilities consistently has exceeded 90% for 10 years.

    Moreover, Rosneft became the only Russian oil and gas company with the highest A+ rating “Leader of Corporate ESG Practices in the Russian Federation” from the Corporate Development Agency “Da-strategy”.

    In the reporting period, the Company proceeded with activities aimed at achieving sustainable development goals under the ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ strategy.

    Rosneft applies advanced technologies and state-of-the-art production methods to create a safe working environment and minimize the risk of occupational injuries and occupational illnesses. In 2024, the Lost Workday Injury Severity (LWIS) went down by 23%.

    In 2024, there were no gas, oil and water shows (release of oil, gas or water to the surface) during well drilling operations at Rosneft facilities. The Company continued with pipeline replacement as part of its efforts to minimize oil and petroleum product spills.

    In 2024, Rosneft reduced the area of contaminated land by 9%, and the volume of oily waste – by 11% under the corporate program for the elimination of environmental legacy. In particular, the Company completed execution of a large-scale remediation program of legacy lands harmed during the Soviet years at the Samotlor oil field. Biological soil productivity was restored at the area of more than 2.2 th. hectares.

    1 Excluding the reimbursement of the excise duty on crude oil, which represents compensation for oil companies’ losses from motor fuels domestic price controls and refinery modernization costs.
    2 Includes sales revenue and income from associated organizations and joint ventures.
    3 Adjusted for prepayments under long-term oil supply contracts, including accrued interest payments thereon, net change in operations of subsidiary banks, and operations with trading securities.

    Department of Information and Advertising
    Rosneft Oil Company
     March 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: ROSNEFT OIL COMPANY FIRST QUARTER 2025 IFRS RESULTS

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    ROSNEFT OIL COMPANY FIRST QUARTER 2025 IFRS RESULTS

    • HYDROCARBON PRODUCTION AMOUNTED TO 61.2 MLN TOE
    • LIQUID HYDROCARBON PRODUCTION AMOUNTED TO 44.6 MLN TONS
    • GAS PRODUCTION TOTALLED 20.2 BCM
    • EBITDA AMOUNTED TO RUB 598 BLN
    • NET INCOME ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS INCREASED TO RUB 170 BLN
    • UPSTREAM LIFTING COSTS AMOUNTED TO $3/BOE

    Rosneft Oil Company (hereinafter – Rosneft, the Company) publishes its results for Q1 2025, prepared in accordance with the International Financial Reporting Standards (IFRS).

      Q1
    2025    		 Q4
    2024    		 % change
    RUB bln
    Revenues from sales and equity share in profits of associates and joint ventures 2,283 2,494 (8.5)%
    EBITDA 598 708 (15.5)%
    Net income attributable to Rosneft shareholders 170 158 7.6%
    Capex 382 390 (2.1)%
    Costs and expenditures 1,927 2,038 (5.4)%

    Igor Sechin, Chairman of the Management Board and Chief Executive Officer of Rosneft, noted:

    “In the reporting period, the Company operated in the context of continuous deterioration of the macroeconomic environment that included lower prices and wider discounts for Russia’s Urals crude oil, new sanction restrictions, as well as a stronger ruble.

    The Bank of Russia independently sets the exchange rate of the national currency, considering, primarily, the realities of the financial system. The use of such exchange rate thus does not take into account the economic conditions of the Company’s operations leading to incremental costs associated with the calculation of the tax base, currency conversion, understating the value of oil in rubles and so on.

    In the first quarter of 2025, the Company’s EBITDA was under the additional pressure from rising transportation expenses due to the tariff indexation by the natural monopolies. For example, Transneft oil transportation tariffs have gone up by 9.9% since January 2025, while petroleum product transportation tariffs and freight railroad transportation expenses have increased by 13.8% since the end of 2024.

    Most natural monopolies tariffs, including even the tariffs imposed by the Russian Post, rise outstripping inflation: since early 2024, the price of sending an ordinary postal card has increased by 20%. Electricity tariffs were raised by 9.1% from July 2024 and are scheduled to be indexed by another 11.6% in July 2025.

    Moreover, in accordance with the updated socio-economic development forecast, in 2025, indexation of regulated gas prices, electricity tariffs, and tariffs of grid companies is planned to exceed the forecast inflation rate, accelerating cost inflation.

    In these circumstances, cost control remains our constant priority. In the first quarter of 2025, upstream lifting costs amounted to $3/boe in line with our strategic goal.

    Net income increased quarter-on-quarter but declined year-on-year against the growing key interest rate. For instance, interest expenses on loans and borrowings went up 1.8 times year-on-year.

    Shareholders’ interests remain a top priority for Rosneft. On April 25, the Board of Directors recommended that the General Shareholders Meeting make a resolution on paying a final dividend of RUB 14.68 per share. In this way, the total amount of dividends attributable to shareholders and based on last year results will amount to RUB 51.15 per share”.

    Operating Performance

    Exploration and Production

    In Q1 2025, liquid hydrocarbon production amounted to 44.6 mln tons (3,681 th. bpd) on the back of challenging weather conditions in Central Russia, and oil production cap in compliance with the decisions of the Russian Government.

    In Q1 2025, the Company’s gas production amounted to 20.2 bcm (1,366 th. boe/day). Greenfield projects in the Yamal-Nenets Autonomous District commissioned in 2022 account for around a third of the Company’s gas production.

    As a result, in Q1 2025, the Company’s hydrocarbon production amounted to 61.2 mln toe (5,047 th. boe/day).

    In Q1 2025, production drilling footage exceeded 2.8 mln meters. Rosneft commissioned over 0.6 th. new wells with horizontal wells accounting for 76% of that amount.

    Vostok Oil Project

    The Company continues pilot development of the Payakhskoye, Ichemminskoye and Baikalovskoye fields: in Q1 2025, production drilling footage exceeded 30,000 meters, while 4 production wells were completed. The Company launched pilot production at the Payakhskoye and Ichemminskoye fields with produced oil transported by trucks.

    Work is underway at the Vankor – Payakha – Sever Bay trunk oil pipeline. As of the end of Q1 2025, 104,000 piles were installed, about 450 km of the pipeline were laid, including a 171 km long two-piped section. Most of the work on laying the backup pipeline crossing the Yenisei River was completed.

    The Company completed most of the work on the construction of two cargo berths and a berth for the port fleet at the Sever Bay Port terminal. Construction of the first oil loading berth is in progress as well as preparatory work for the second berth. Construction of a crude delivery and acceptance point at Sever Bay Port terminal and the Suzun oil pumping station is underway. The Company continues the construction of logistics infrastructure and hydraulic engineering installations, shore reinforcement, and expansion of onshore and berth infrastructure.

    Refining

    In Q1 2025, the refining volumes amounted to 19.5 mln tons, demonstrating a quarter-on-quarter decrease. The refining volume trend is attributable to optimization of refinery utilization in view of the current pricing environment and demand, and the need for maintenance and repair works. The refining depth increased to 75.9%, while the light product yields reached 59.9%.

    Sustainable supply of high-quality motor fuel to Russian consumers is one of Rosneft key priorities. In Q1 2025, the Company sold 9.8 mln tons of petroleum products on the domestic market, including 3.2 mln tons of gasoline and 3.8 mln tons of diesel fuel. 

    The Company is an active trader at the St. Petersburg International Mercantile Exchange (SPIMEX). In the reporting period, Rosneft sold 2.2 mln tons of gasoline and diesel fuel on the exchange that is 1.7 times higher than the required volume.

    Financial Performance

    Operating performance and the current macroeconomic environment combined with management solutions determined the dynamics of the Company’s key financial indicators.

    In Q1 2025, the Company’s revenue1 amounted to RUB 2,283 bln, down 8.5% quarter-on-quarter against lower Urals prices in rubles. At the same time, the rate of costs savings and expense reductions lagged behind the revenue dynamics, with one of the reasons being indexation of tariffs imposed by the natural monopolies. As a result, Q1 2025 EBITDA decreased to RUB 598 bln, with an EBITDA margin of 26%.

    In Q1 2025, unit upstream lifting costs amounted to $3/boe.

    In Q1 2025, net income attributable to Rosneft shareholders grew quarter-on-quarter, reaching RUB 170 bln.

    In Q1 2025, capital expenditure amounted to RUB 382 bln due to the scheduled implementation of the investment program mainly at Upstream assets.

    As of the end of Q1 2025, the net debt / EBITDA ratio amounted to 1.36x that is significantly below the minimum covenant under the loan agreements.

    ESG

    In the reporting period, the Company proceeded with activities aimed at achieving sustainable development goals under the ‘Rosneft-2030’ strategy.

    Rosneft applies advanced technologies and state-of-the-art production methods to create a safe working environment and minimize the risk of occupational injuries and occupational illnesses. In Q1 2025, the Lost Workday Injury Severity (LWIS) went down by 68%.

    Incident prevention measures resulted in a lower number of process safety events at the Company subsidiaries in Q1 2025. In particular, the frequency of incidents related to loss of containment of equipment with severe consequences of Tier 1 (PSER-1) reduced by 13% against Q1 2024, while the frequency of Tier 2 incidents (PSER-2) decreased by 19%.

    In the reporting period, no oil, gas or water shows (release of oil, gas or water to the surface) were registered during well drilling operations at the Company sites. The Company continued with pipeline replacement as part of its efforts to minimize oil and petroleum product spills.

    The Company leadership in sustainable development received independent external recognition. In April 2025, Rosneft became one of the leaders in the ESG ranking  for the quality of personnel management according to RAEX, Russia’s largest non-credit agency.

    1 Includes sales revenue and income from associates and joint ventures.

    Department of Information and Advertising
     Rosneft Oil Company
     May 30, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Rosneft and the Ministry of Finance of the Russian Federation Enter into a Cooperation Agreement

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Rosneft and the Ministry of Finance of the Russian Federation signed an Agreement on Cooperation in Financial Sector at the XXVIII St. Petersburg International Economic Forum.

    The document was signed by Rosneft CEO Igor Sechin and the Minster of Finance Anton Siluanov.

    The parties intend to establish integrated cooperation in the financial sector in order to facilitate the development and implementation of actions to reduce a negative impact on the Russian Federation and Russian legal entities.

    The Agreement provides for assistance in arranging settlements with friendly countries in national currencies, the development of the medium-term and long-term interbank lending in Russian rubles and currencies of friendly countries, and the development of international communication platforms in the Russian Federation and abroad in order to facilitate the discussion of cooperation in the financial sector.

    Additionally, the parties plan to develop cooperation in the area of expert and analytical activity.  

    Information and Advertising Department
    Rosneft Oil Company
    June 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Sechin Compares ‘Green’ Energy Transition to Utopian Ideas

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Igor Sechin, CEO of Rosneft, compared the “green” energy transition to utopian ideas. According to him, over the last ten years, the cumulative costs of the energy transition have reached 10 trillion dollars, while over the same period the share of solar and wind energy in the global energy balance increased by only 4 p.p. to 6%.

     “According to the IEA, this year alone, the world is investing over $2 trillion in the development of so-called “clean” energy. This is twice as much as investments in fossil fuels, which still account for nearly 80% of global energy consumption,” said the CEO of Rosneft.

    Igor Sechin also emphasized that even a doubling of investments will not give the desired result. According to experts, achieving zero emissions by 2050 requires more than 180 trillion dollars in investments, which means that on average more than seven trillion dollars per year will have to be spent. “as Talleyrand once said: Everything that is excessive is insignificant,” the Company’s CEO remarked.

    Another important point is that the transition to a new type of fuel will require considerable time. “Besides this, regulators in different countries need to develop unified technical standards for new energy sources, providing their universalization and fast adaptation to any market. This is not a simple task,” Igor Sechin concluded.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: ‘Net Zero’ Concept Actually Offers Mankind Energy Regression – Igor Sechin

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Proponents of the “net zero” concept are leading humanity to energy regression, said Igor Sechin, Chief Executive Officer of Rosneft, in his report “Odyssey of The Global Economy in Search of The Golden Fleece. The New Landscape of Global Energy”.

    During his speech at the Energy Panel of the XXVIII St. Petersburg International Economic Forum, the CEO of the Company noted that every time mankind switched to a new type of fuel, the efficiency of the energy system increased and its capabilities expanded. “This was due to the fact that the new energy source usually had a higher energy flux density,” Sechin added.

    He recalled that the outstanding scientist Pyotr Kapitsa proved that energy flux density is a key characteristic of any energy source. “By this indicator, such types of fossil fuels as coal (135.1 W/m2), oil (195 W/m2) and gas (482 W/m2), well as nuclear energy (241 W/m2) are far ahead of both solar (6.6 W/m2) and wind energy (1.8 W/m2). Thus, the concept of ‘net zero’ actually crosses out centuries of progressive development of society, offering mankind an energy regression”, – said the CEO of Rosneft.

    He stressed that European politicians lack the courage to publicly recognize this fact. “Their blind faith in the ‘green’ transition already resembles an addiction. As one of the classics of French literature aptly put: ‘A red nose is a sign of constancy of character’,” Igor Sechin emphasized.

    “Clearly, the integration of renewables requires a profound transformation of infrastructure, the scale of which is underestimated. The IEA estimates that global investment in grid development is two and a half times behind investment in generation,” he concluded.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Sechin Points Out Lack of Scientific Basis for Climate Alarmism

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    From a scientific point of view, the large-scale introduction of RES will not have the expected effect on the climate. The refusal of the main initiators of the climate agenda from its implementation and the termination of preferential financing of “green” projects is confirmed by objective conclusions of a number of scientists. This was stated by Igor Sechin, Chief Executive Officer of Rosneft, during the Energy Panel of the XXVIII St. Petersburg International Economic Forum.

    Sechin noted that the whole concept of “net zero” is based on the assumption of climate destruction due to the growing concentration of carbon dioxide. However, recent studies by Western experts have confirmed earlier conclusions by Nobel laureate John Clauser about the dominant influence of clouds on climate processes. “Even a slight decrease in cloud cover at altitudes below 2,000 meters can increase solar heating of the Earth’s surface by a few per cent. This effect is several times greater than the effect that doubling the concentration of carbon dioxide in the atmosphere would have on climate,” said the CEO of Rosneft.

    According to the conclusions of American physicists Richard Lindzen and William Happer, achieving “net zero” in the U.S. by 2050 will avoid a temperature rise of only two hundredths of a degree Fahrenheit, and worldwide – only thirteen hundredths of a degree. The effect looks obviously disproportionate to the amount of costs required, Igor Sechin emphasized.

    He also noted the ambiguity of the thesis about the reduction of the ice cover, which is often used by supporters of the theory of the “green” transition. Recent studies by Chinese scientists have shown that from 2021 to 2023 in Antarctica there was a significant increase in ice mass, 108 gigatons annually.

    The CEO of Rosneft believes that the development of RES should be based on time-tested traditional energy sources in order not to undermine global energy security. Historically, the energy transition has always been the result of growing inter-fuel competition based on the principle of the greatest efficiency. Therefore, today, coal remains the largest source of electricity in the world and the second largest source of energy with a 25% share of the global energy mix.

     “Global demand for the fuel set a new record of 8.8 billion tons last year and international agencies have once again been forced to revise expectations for peak demand,” Sechin summarized. Despite growing global concern over global warming, global coal consumption has grown by 75% since the Kyoto Protocol was signed in 1997 and by almost 15% since the Paris Agreement was signed in 2015.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –