Eurasian Integration Yearbook 2012

2011: Data and ReviewsPharmstandard Director General Igor Krylov noted that Biolek is the company’sfirst acquisition in Ukraine. The Ukrainian market is the second largest afterRussia in terms of sales volume. Pharmstandard’s current product range will bediversified with vaccines and serums, oncological and immunobiological drugs.Biolek’s products are largely sold in Russia; Pharmstandard plans to increasesales on the Russian and overseas markets.RUSAL may stop aluminium production in UkraineApril 11, 2011Finam.ruDue to unresolved electricity pricing issues, RUSAL may disable all electrolysisunits at the Zaporozhye Aluminium Plant, leaving only the foundry divisionfunctioning. RUSAL has long been trying to negotiate differentiated electricitytariffs for the plant. Due to the high cost of electricity, aluminium productionat Zaporozhye Plant is unprofitable. In order to reduce losses to breakevenpoint RUSAL had to raise its prices in March. However, this made its productsuncompetitive, and stocks began to accumulate, leading to a gradual shutdownof the plant’s electrolysis units.Note:RUSAL, one of the world’s leading aluminium producers, accounts for around 10% of both the global aluminiummarket and the global aluminium oxide market. The company operates in 19 countries and exports its productsmainly to Europe, North America, South East Asia, Japan and Korea.AgricultureRussia halts milk powder exports from BelarusMay 19, 2011RIA NovostiRussia has limited shipments of milk whey and milk powder from Belarus, buthas placed no restrictions on the supply of butter and cheese. In late 2010the agriculture ministries of both countries signed a food balance for 2011,defining the precise amount of mutual supplies of foodstuffs. According to thedocument, Belarus would supply to Russia 65,000 tonnes of skimmed milkpowder (compared to 32,000 tonnes in 2010), 20,000 tonnes of whole milkpowder (12,000 tonnes in 2010), 50,000 tonnes of concentrated milk (40,000tonnes in 2010), 70,000 tonnes of butter (50,000 tonnes in 2010), 125,000tonnes of cheese and cottage cheese (116,000 tonnes in 2010).Belarus suspended deliveries of milk whey and milk powder to the Russianmarket from May 18, 2011. Belarus is abiding by the commitments it madeunder a dehydrated milk agreement with Russia, and does not export such288 EDB Eurasian Integration Yearbook 2012