Yesterday

believes that potash prices on global spot markets will reach $600 per ton by the end of the year due to growing demand. At the end of May, trader BPC announced that it was increasing spot prices for Brazil by $30 from July, to $550 per ton for large importers. Mr. Baumgertner also said that the purchase of OJSC Belaruskali in the near future is unlikely. He explained that recently a lot of rumors about the deal have spread on the market, but at present “this acquisition is irrelevant for Uralkali.” According to Mr. Baumgertner, the probability of providing Belaruskali with a loan of $1 billion, which could become part of a scheme to purchase 50% + 1 share of the company, is also very low. “The meaning of the deal is no longer so relevant both for the Belarusian side and for us,” he explained. At the same time, Uralkali expects to halve the cost of the Sberbank loan of $1.5 billion, which Silvinit attracted for the purchase of the Polovodovsky potash site. The combined company's debt now stands at just over $2 billion.

Olga Mordyushenko

Head of the Federal Antimonopoly Service Igor Artemyev

does not rule out that cases against Surgutneftegaz, TNK-BP and Bashneft will not be initiated as part of the “third wave” against oil companies. “They were not hooligans, or they were less hooligans on the stock exchange; their price increases began after LUKOIL, Rosneft and Gazprom Neft raised prices. I do not rule out that we will not initiate cases against these companies if they behave normally lead,” Mr. Artemyev explained to reporters. Decisions on cases against LUKOIL, Rosneft and Gazprom Neft as part of the “third wave” will be made by the fall of 2011. The FAS initiates cases against companies for unjustified increases in prices for petroleum products. In the fall of 2008, fines ranging from 1 billion rubles were imposed on the companies. up to 1.5 billion rubles, within the “second wave” - from 4 billion rubles. up to 5 billion rubles

Olga Mordyushenko

OJSC GAZ

(the main legal entity of the GAZ group, part of Oleg Deripaska's Russian Machines) held an annual meeting of shareholders, at which it was decided not to pay dividends for 2010 due to the lack of net profit for this period. However, in general, the GAZ group in 2010 received a net profit of 2.1 billion rubles. versus a net loss in 2009, company president Bo Andersson said yesterday. He did not specify the size of the loss in 2009. According to him, the group's revenue in 2010 amounted to 96.7 billion rubles, which is 47% more than in 2009. The company has not published its financial results since 2007. The company associates the formation of net profit with good sales of light commercial vehicles. According to the Association of European Businesses, in 2010, 76.6 thousand light commercial vehicles produced by the GAZ group were sold in Russia, 32% more than in 2009.

Reuters; Egor Popov

General Director of Uralkali Vladislav Baumgertner