Page 123 - RusRPTFeb24

Renaissance Capital reminds that similar restrictions already apply to offline retailers, who are prohibited from acquiring or leasing new space if they account for 25% or more of turnover in a region, city, municipal district or county. Now this rule is suspended amid the withdrawal of Western companies following the full-scale military invasion of Ukraine, but the measure is in effect until the end of 2024.
9.1.10 Utilities & Renewables sector news
Growth in Russia’s energy consumption reaches 4.9% since beginning of 2024
The head of the System Operator of the Unified Energy System Fyodor Opadchy, said that this happened against the background of severe cold weather
UK invests 300 million pounds in nuclear fuel, eroding Russia's dominance of sector. The U.K. is investing 300 million pounds ($381 million) into the production of high-assay low-enriched uranium (HALEU) as a part of a larger bid to improve the country's self-sustainable energy resources and cut dependence on Russia, the U.K.'s Department for Energy Security and Net Zero announced on Jan. 7.
9.1.11 Metallurgy & mining sector news
The EU may include an embargo on Russian aluminium imports as part of their thirteen sanctions package, causing the metal’s price to jump and protestations from the industry association. Discussion have already begun on the next sanctions package that the EU would like to release in time for the second anniversary of the invasion of Ukraine on February 24. Aluminium prices rose over 3% on January 23 on the news and led the gains among base metals after reports suggesting the possibility of further sanctions by the EU on Russian aluminium.
China will continue to boost aluminum imports in 2024, particularly from Russia — experts According to their projections, the price of aluminum in 2024 might vary from $2,100 to $2,600 per ton
123 RUSSIA Country Report February 2024 www.intellinews.com