There is a chance that oil producing countries will reach an oil output freeze agreement in Algeria, Deputy Prime Minister Arkady Dvorkovich said. “We are holding a dialogue with our partners in OPEC and outside OPEC. The energy minister will discuss these issues with his colleagues in Algeria. We have already expressed earlier our readiness…
Last week Russian wheat decreased in price on the export market. 12.5% milling wheat price lost in average $2/MT. Prices were pressured by CBOT tendency as well as by continuing wheat ergot story with Egypt. Decline in prices was seen also in feed wheat market. Over the week export prices for feed decreased in Novorossiysk…
The oil price can fall to $30 per barrel over the next few years and can decrease further over a 20-year period, Alexei Kudrin, former finance minister and current head of the Center for Strategic Research, said. “After the oil price has fallen, the budget deficit will be 3.7% (of gross domestic product) this year…
Russia’s Finance Ministry and the Central Bank plan to present a draft of a new system of voluntary pension savings in the near future and the system may be launched from 2018, Minister Anton Siluanov said. Earlier, the government froze the accumulative part of pension savings for 2014 and 2015, and used 6% of citizens’…
As of September 22, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 40.6 million ha (on the same date in 2015 – 36.6 million ha), or 86% of the planned areas (47.3 million ha). The produced volumes reached 107.5 million tons of grains, with the average yield…
Russia has filed an appeal against a decision of the World Trade Organization’s (WTO) arbiter panel on a suit by the E.U. against Russia’s prohibition of pork imports from the union, the Economic Development Ministry said. “On September 23, the Russian Federation filed an appeal against the WTO’s decision on a dispute “the Russian Federation…
Russian multi-industry holding Sistema has sold a 1.27% stake in MTS in the form of American depositary receipts (ADRs) for $100.4 million, and its total interest in the mobile operator decreased to 50.44%, the holding said in a statement. The stake of 12.7 million shares was sold by Sistema’s unit, Sistema Finance S.A., to a…