Polymetal Share Discussion Threads

[xxxxxy] 04/12/2023 08:59

Russia has been accused of killing two surrendering Ukrainian soldiers in an apparent war crime.Footage shows a group of men in Russian uniforms opening fire from close range on the unarmed pair after they emerged from a dugout with their hands on their heads.The Ukrainian army's strategic communications centre has said it possesses "confirmed information" that the video showed the "execution" by Russian forces of "unarmed soldiers".Ukraine's prosecutor general's office said on Sunday that it launched a pre-trial investigation "for violation of the laws and customs of war, combined with intentional murder".... Daily Telegraph

[masergt] 02/12/2023 14:48

So is spacedust.

A quote from the above article: "Euronews could not verify this claim. Russian forces have not claimed any advances in the area since spring."

[xxxxxy] 02/12/2023 09:38

Russia is SICK.

[loganair] 01/12/2023 09:03

max - It seems to me because people who have had their shares suspended due to sanctions can apply to Polymetal to issue new shares on the MOEX on a one for one basis then as soon as these new shares are issued the old shares are cancelled.

In the first tranche some 8% of Polymetal shares were exchange with a further 14% being eligible in the second tranche.

This means that it will be easier to sell off the Russian side of Polymetal to the Russians which therefore means it brings the splitting of the assets one step closer.

[masergt] 01/12/2023 00:19

Good analysis and common sense here. Spells out the real danger of doing nothing. Moldova, Finland, Norway next?



"As the year draws to a close, there is a growing sense of Ukraine fatigue in Western capitals amid pessimistic forecasts, talk of a battlefield stalemate, and recriminations over the perceived failure of Ukraine’s counteroffensive. This grim mood is raising serious questions about the future of military aid to Ukraine and the prospects for continued Western support into 2024 and beyond.

Meanwhile, Vladimir Putin is looking more confident than ever. This week, he was in particularly messianic mood as he addressed the World Russian People’s Council. Ukrainians and Belarusians are not independent but are in fact part of the “great Russian nation,” he declared. According to Putin, these two nations have been artificially divided from Russia by the “separatist illusions” of the 1991 Soviet collapse.

Putin’s casual denial of Ukraine’s right to exist is a timely reminder of exactly what is at stake in the current war. The Kremlin dictator is clearly not a rational statesman pursuing limited political goals or seeking a negotiated settlement; he is a all-powerful autocrat who genuinely believes he is on a sacred historic mission. That mission includes the destruction of the Ukrainian nation.

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"We already have a good idea of what Putin has in store for Ukraine. In the approximately seventeen percent of the country that is currently under Kremlin control, millions of Ukrainians are subjected to a daily reality that includes the possibility of abduction, torture, death, or deportation. Those who manage to avoid these direct physical threats face the prospect of forced russification as the Russian occupation authorities systematically erase all traces of Ukrainian statehood and identity while pressuring the captive population to accept Russian nationality.

The Kremlin began preparing these genocidal policies well in advance of the full-scale invasion. Russian security officers reportedly compiled detailed lists of Ukrainian community leaders who would be targeted by advancing Russian forces in a bid to prevent any coordinated Ukrainian opposition to the takeover of the country. These registers included elected local officials, priests, journalists, teachers, activists, and military veterans. A clear pattern of abductions and disappearances has subsequently been witnessed in every region of Ukraine under Russian occupation. Meanwhile, in liberated villages, towns, and cities, the Ukrainian authorities have repeatedly encountered mass graves, torture chambers, and widespread reports of missing persons.

Throughout Russian-occupied Ukraine, Ukrainian monuments have been pulled down and replaced with commemorations of Russian imperial and Soviet history, while symbols of Ukrainian statehood have been systematically removed from public spaces. Moscow has imported Russian teachers to indoctrinate Ukrainian schoolchildren, pushing them to reject their nationality and embrace an alternative imperial identity. Entire parks and museums have been created to aid in this process, with children also forced to express thanks and gratitude to the Russian soldiers engaged in destroying their homeland. Predictably, the Ukrainian language is no longer taught in schools and has been banished from public life throughout Russian-occupied Ukraine.

Perhaps the single most chilling aspect of the Kremlin campaign to eradicate Ukrainian national identity has been the mass abduction and indoctrination of Ukrainian children at an extensive network of re-education camps inside Russia itself. This has already led to war crimes charges again Putin from the International Criminal Court in The Hague. It also appears to be a textbook case of genocide according to the UN’s Genocide Convention, which identifies “forcibly transferring children of the group to another group” as one of five recognized acts of genocide.

This is not the first time the Kremlin has been accused of committing genocide in Ukraine. In many ways, Putin’s genocidal policies toward Ukrainians are a continuation of the campaign unleashed by Soviet dictator Joseph Stalin, who sought to eradicate Ukrainian identity in the early decades of the USSR. The Stalin regime was responsible for the Holodomor, an artificial famine in 1930s Ukraine that killed millions of Ukrainians. Hundreds of thousands more were murdered during the Great Terror. Much like today’s Russian invasion, the Soviet authorities specifically targeted spiritual, academic, and community leaders who represented Ukraine’s statehood aspirations. The man who coined the term “genocide,” Raphael Lemkin, would later call Stalin’s efforts to destroy the Ukrainian nation “the classic example of Soviet genocide.”

Far from condemning the crimes of the Stalin era, Putin has sought to emulate them. Indeed, he has overseen the rehabilitation of Stalin, with memorials to victims disappearing and new monuments honoring the Soviet dictator sprouting up across Russia. It is likely no coincidence that on November 25, the day Ukrainians honor the millions killed in the Holodomor, Putin ordered the largest drone attack on Ukraine of the entire war.

If Western military support for Ukraine does not continue at current or increased levels, the present stalemate will deepen and much of the country will remain under Russian occupation. There is also a significant chance that the whole of Ukraine could fall under Kremlin control, exposing tens of millions of Ukrainians to the genocidal policies already being implemented throughout the occupied regions. This would obviously be a catastrophe for the Ukrainian nation, but the tragedy would not end there. On the contrary, the repercussions would also be felt far beyond the borders of Ukraine.

A genocide in the heart of twenty-first century Europe would shake the foundations of the entire rules-based international security system and transform the geopolitical landscape. It would plunge NATO into crisis while emboldening Russia and other authoritarian regimes around the world, ushering in a new era of militarism, instability, and international aggression. Even if a major war could be avoided, Western defense budgets would balloon to levels far beyond the current cost of arming Ukraine, while an increasingly hostile international environment would severely hamper economic growth. If Western leaders wish to avoid this nightmare scenario, they must adequately arm Ukraine now."

Taras Kuzio is a professor of political science at the National University of Kyiv Mohyla Academy and an associate research fellow at the Henry Jackson Society. He is the author of “Fascism and Genocide. Russia’s War Against Ukrainians.”

Some late stable door closing there, for me. Putin should have been stopped dead (literally, imo) in his tracks in Feb '22. Chances are that Syria would then have come to heel, China and Wrong Un would have got the message and Hamas could not have invaded Israel without Putin's help. The collective West continues to wring its hands while Biden, the UN and NATO bottles it. That's exactly what Putin bet on. International law and order means nothing unless we're prepared to enforce it.

[loganair] 30/11/2023 08:22

m2 - on which exchange MOEX or AIX?

[1917again] 29/11/2023 20:39

NATO Secretary General Jens Stoltenberg following the meetings of NATO Ministers of Foreign Affairs

29 Nov. 2023 -


Good morning.

We just had a productive meeting of the NATO-Ukraine Council with Ukraine’s Foreign Minister Dmytro Kuleba. The first time we meet in this format, the first time we have a Foreign Ministerial Meeting as a NATO-Ukraine Council Meeting.

Today, we approved an ambitious work programme for the next year. It includes energy security, innovation and interoperability. We also discussed the situation on the ground.

Last year, Ukraine won the battles for Kyiv, Kharkiv, and Kherson. This year, they continue to inflict heavy losses on Russia. Ukraine has recaptured 50 percent of the territory that Russia originally seized. In the Black Sea, the Ukrainians have pushed back the Russian fleet, and established routes for grain exports – bolstering global food security.

Most importantly, Ukraine has prevailed as a sovereign, independent, democratic nation. This is a major achievement – a big win.

As Ukraine has moved forward, Russia has fallen backward. It is now weaker politically, militarily, and economically.
Politically, Russia is losing influence in its near abroad. Not only in Ukraine, but in the Caucasus and Central Asia. Russia is also becoming much more dependent on China.
Year by year, Moscow is mortgaging its future to Beijing. Militarily, Russia has lost a substantial part of its conventional forces. Hundreds of aircraft. Thousands of tanks. And more than 300,000 casualties.

Economically, Russia is also under pressure. Oil and gas revenues are dropping. Russian banking assets are under sanctions. Over 1,000 foreign companies have stopped or scaled down their operations in the country. And 1.3 million people left Russia last year.
All of this underlines Putin’s strategic mistake in invading Ukraine.

At the same time, we must not underestimate Russia. Russia’s economy is on a war footing. Putin has a high tolerance for casualties. And Russian aims in Ukraine have not changed. Russia has amassed a large missile stockpile ahead of winter. And we see new attempts to strike Ukraine’s power grid and energy infrastructure. Trying to leave Ukraine in the dark and cold.

I welcome that Allies are continuing to strengthen Ukraine’s air defences. Last week 20 NATO Allies agreed to form an air-defence coalition for Ukraine. This will help protect Ukraine’s armed forces and cities. And save Ukrainian lives.

We are now transforming NATO’s comprehensive assistance package into a multi-year programme of assistance. Helping Ukraine to transition from Soviet-era to NATO equipment and standards. And make their forces fully interoperable with ours.

We also discussed Ukraine’s path to membership. Allies agree that Ukraine will become a member of NATO.
We have now provided recommendations on Ukraine’s priority reforms. Including the fight against corruption, strengthening the rule of law, and supporting human rights and minority rights.

Ukraine is closer to NATO than ever before.
We will continue to support them on the path to membership. And we will continue to support Ukraine’s fight for freedom.

[maxplus2] 29/11/2023 19:39

Do you know why Poly have surged?

[zangdook] 29/11/2023 11:22

IF the yanks want to kill Russians more effectively they should ask Netanyahu to go on secondment to Kiev. He's clearly the go-to guy if you want rivers of blood.

[xxxxxy] 29/11/2023 11:13

Made in Russia. LiesMade in Russia. TerrorismMade in Russia. MurderMade in Russia. TortureMade in Russia. MenaceMade in Russia. WAR CRIMESThe list goes on, and isn't over until Putin and his Gangsters are in the Hague Court.

[spacedust] 28/11/2023 21:34

Us citizens have unlimited tax. Usa made trillions in loss

[loganair] 28/11/2023 18:56

I understand over the past few months that the Western arms manufactures have trebled the price of ammunition that they make to go to the Ukraine therefore what $3bln would have cost mid 2022 to mid 2023 is going to cost $9bln for the following year therefore the West needs to give 3xs the money to buy the same amount of ammunition for the Ukraine, money that is not forthcoming. In fact at the moment the West is sending less money on the Ukraine at the moment compared to what they're spending at the beginning of the year.

I also understand that Ukrainian soldiers are complaining they now have to travel to front line positions in 50 year old Lada's because there are no longer enough Bradley's etc to do the job.

Also importantly many Western countries, especially European countries have promised to give a lot of military equipment to the Ukraine, however have delivered hardly anything.

[flying pig] 28/11/2023 14:41

While political comment is all very well, do we have any news or opinions about the company?

[loganair] 27/11/2023 11:21

MOEX Monday - In the meantime, Polymetal surged 11% to rebound from last session’s 15% plunge amid news that it plans a second exchange offer in Kazakhstan for shares frozen by Western sanctions.

[1917again] 26/11/2023 19:43

Yesterday was Holodomor remembrance day

The United Nations signed by 25 countries in 2003 declared that 7–10 million were killed


Holodomor also known as the Great Ukrainian Famine,was a man-made famine in Soviet Ukraine from 1932 to 1933 that killed millions of Ukrainians. The Holodomor was part of the wider Soviet famine of 1930–1933 which affected the major grain-producing areas of the Soviet Union.

Historians conclude that the famine was deliberately engineered by Joseph Stalin to eliminate a Ukrainian independence movement.[c] Others suggest that the famine was primarily the consequence of rapid Soviet industrialisation and collectivization of agriculture. A middle position, held for example by Andrea Graziosi, is that the
initial causes of the famine were an unintentional byproduct of the process of collectivization but once it set in, starvation was selectively weaponized and the famine was "instrumentalized" and amplified against Ukrainians to punish them for their rejection of the "new serfdom" and to break their nationalism.

Ukraine was one of the largest grain-producing states in the USSR and was subject to unreasonably high grain quotas compared to the rest of the USSR.This caused Ukraine to be hit particularly hard by the famine. Early estimates of the death toll by scholars and government officials vary greatly. A joint statement to the United Nations signed by 25 countries in 2003 declared that 7–10 million died. However, current scholarship estimates a range significantly lower, with 3.5 to 5 million victims. The famine's widespread impact on Ukraine persists to this day.

Since 2006, the Holodomor has been recognized by Ukraine and 33 other UN member states, the European Parliament, and 32 of the 50 states of the United States as a genocide against the Ukrainian people carried out by the Soviet government.

[loganair] 26/11/2023 17:13

When it comes to fuel security the UK is in real trouble.

Grangemouth which is expect to close in 2025, refines virtually all the petrol and Diesel that Scottish motorist use, virtually all the heating oil that is used in Scotland and much of the oil for the plastics industry in Scotland.

The last oil refinery built in the UK was in 1969, bringing the total number up to 18, Since then 12 of these oil refineries have close leaving just 6 and with the closure of Grangemouth will leave just 5 oil refineries in the UK, 2 of which were built before the WW2.

While Russia spends hundreds of billions of roubles modernising and up grading their current 25 oil refineries.

[loganair] 26/11/2023 16:37

For COD & xxxy - Gazprom set a new record of gas supplies to China over the Power of Siberia gas pipeline, the gas giant reports.

"On November 25, the nomination of the Chinese side for Russian gas supplies over the Power of Siberia gas pipeline was again above daily contractual commitments. Gazprom supplied all the requested volumes and set a new historical record of daily gas supplies to China," the company informed.

[1knocker] 26/11/2023 16:01

The Ruskies and their economy just don't seem to be paying any attention to xxxy, do they?

[loganair] 26/11/2023 10:03

Even with all the extra spending on the Ukraine conflict, Russia's budget deficit shrank further in October thanks to higher oil prices, a weak rouble and an inflow of quarterly tax payments, the finance ministry said on Tuesday.

The deficit for the first 10 months of the year stood at 1.24 trillion roubles ($13.45 billion), or 0.7% of gross domestic product (GDP), compared with 1.70 trillion roubles or 1% of GDP a month earlier.

Oil and gas revenues were up 27.5% in October compared to the same month of last year.

[loganair] 26/11/2023 10:02

31337 COD 3R - Over the first 9 months of 2023, Russian GDP grew by 2.9%," Deputy Minister of Economic Development Polina Kryuchkova said.

The Russian economy has passed its recovery stage and is now actively booming. "The Russian economy is expanding rapidly. Industries targeted at growing the supply-side economy remain the main economic drivers: manufacturing, construction, and agriculture. The economy is supported by increased consumer activity, which is ensured by the flexibility of the domestic labor market and the increase in population real cash incomes. Now that the recovery stage is ended, the objective is to maintain positive trends and assure future fundamental economic change," she said.

According to preliminary Rosstat estimates, GDP growth in the Q3 of 2023 will be 5.5% in annual terms, up from 4.9% in the previous quarter.