Today the 30-stock Micex Index slid 6.4 percent to 763.36 the close in Moscow, its biggest one-day decline since Feb. 17. The ruble-denominated index is still up 23 percent this year. The RTF Index fell 5.3 percent to 682.91.
Russia’s state-owned gas monopoly Gazprom is understood to be planning to sell a $500m (€380m) bond in the next few weeks in a deal that, if completed, would re-open the Russian eurobond market after a near nine month drought of new issues from the country.
AFK Sistema, the holding company of billionaire Vladimir Yevtushenko, agreed to pay $2.5 billion for control of Bashkortostan’s main oil producer, as well as three refineries, a petrochemicals plant and an oil-product trader in the Russian region. Sistema will raise its stake in producer Bashneft to 77 percent from 25 percent and take majority interests in the Ufaneftekhim, Ufimskiy NPZ and Novoil refineries, the company said today in a statement. Sistema will increase its holdings in trader Bashkirnefteprodukt and the Ufaorgsintez petrochemicals plant to 73 percent apiece.
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