Earlier this year the regulator announced that an �8.5m settlement had been reached with two businesses domiciled in Russia: PAO Severstal and OAO Severstal-Metiz. The determinations panel ruled that a contribution notice of �382,136 should be issued ...
January's consumer and producer price indices will be released on Tuesday. After falling to 0.5% in December, Investec expects CPI to slip back to +0.3% in January after modest downward pressures in areas such as food.
This included two businesses based in Russia - PAO Severstal and OAO Severstal-Metiz. Following representations made by various parties, including the Russian companies, the matter was passed to the regulator's determinations panel.
(Bloomberg) -- Russian steelmakers are falling out of investors' favor as slack demand and a strengthening ruble dim the profit outlook for some of the companies that had skirted a broader selloff amid the country's financial crisis.