Russia Roofing Billionaires Seen Among Country’s Youngest

GRAPHIC: Bloomberg Visual Data

Volcanic Rock They expanded into insulation materials in 2003, acquiring a plant in the Chelyabinsk region of central Russia. Its main product is stone wool, a fiber made from melted volcanic rock that is used for insulation, fire protection, noise and vibration control. The insulation business is more profitable than the roofing division, Kolesnikov said. We expect that stone wool market will grow more dynamically in the mid-term than the construction market, Evgeniya Sviridova, a spokeswoman for Rosizol, an insulation producers association, said in an e-mail. The billionaires received a boost from the government in 2009, when it passed the Energy Saving and Increasing Energy Efficiency Act, a law that requires builders to use energy-saving materials in newly built homes. Its industry dominance has rankled competitors. In 2008, Rockwool and St. Petersburg-based Penoplex sued Technonicol through Russias Federal Antimonopoly Service for violating Russias Competition Protection law. Price Fixing FAS, the countrys antitrust agency, ruled in favor of Rockwool and Penoplex, finding Technonicol guilty of copying their branding imagery. Technonicols two appeals were rejected by arbitration courts. In 2010, FAS also found Technonicol guilty of price fixing by forcing dealers to sell their products at the lowest cost or face penalties.

Russia’s defence minister tells reporters about his fist official visits to Brazil, Peru

Russia has honoured its commitment to India even to an extent of not applying its law passed by the Duma, that too with retrospective effect in the Kudankulam nuclear reactors in India, Sen said. When asked about the alleged Russian pressure on India to have a liberal nuclear liability clause favouring Russian suppliers, Ronen Sen spoke in favour of more trade and liberal clauses of the liability laws. He said, It is a bit unfair to talk about Russian pressure. Even after the collapse of the Soviet Union, during the difficult transition period, they honoured their commitments and didnt apply with retrospective effecttheir law passed by their own law-making body the Duma. Lets face it; India has not reciprocated in full measure to Russias resolve to honour their Indian commitment. Sen said India had prior commitments with France, the US and other countries as well. What was the central point of Indias case in Tarapur? How can the US Congress adopt a law that goes against their own prior commitment? That is applying the law retrospectively in Tarapur. We expect the world to keep on honouring their commitments but let us not pretend that we are unique. Why did Russia allow us to get away retrospectively? Why did the US make specific exemption to its law only with respect to India? Not only in the NSG but the US law was changed for one country, said Sen. Sen said diversification of Indias defence trade, away from Russia, started much earlier and is not entirely a recent phenomenon. It started during (former prime minister) Indira Gandhis time and continued in Rajiv Gandhis, when the light combat aircraft came from GE in the US.

‘Despite hiccups India and Russia have a resilient relationship’

Clients also have access to an extremely rich photo archive dating back to the beginning of the 20th century. Also available is the INFO-TASS electronic data bank, which contains all agency materials produced since 1987, multimedia products, and unique reference books on Russia and other CIS member states, which are regularly updated. On a daily basis, ITAR-TASS produces and transmits to its subscribers around the world materials that can cover 300 newspaper pages. ITAR-TASS HYSTORY St. Petersburg Telegraph Agency (SPTA) The St. Petersburg Telegraph Agency (SPTA), the first official news agency of Russia and the predecessor of ITAR-TASS, began to operate on September 1, 1904. The creation of the agency was initiated by the Finance, Interior and Foreign Ministries. On July 4, 1904 a meeting of representatives of the ministries empowered “to consider issues concerning the project of a government telegraph agency” adopted the basic documents for the creation and operation of SPTA. The project to launch SPTA was approved by last Russian Tsar Nicholas the Second. The agency had to “report within the Empire and abroad political, financial, economic, trade and other data of public interest”. Three directors, one from each of the Finance, Interior and Foreign Ministries, comprised the panel that managed the agency. On December 31, 1909 the agency was subordinated directly to the Council of Ministers upon a submission of Prime Minister Petr Stolypin Petrograd Telegraph Agency (PTA) On August 19, 1914, one day after Nicholas the Second ruled to rename St. Petersburg into Petrograd, SPTA changed its name accordingly and became the Petrograd Telegraph Agency (PTA).