The volatility of the currency and commodity markets, as well as high debt in developed countries are constraints for the growth of the world economy, Russian President Vladimir Putin said at an informal meeting of the leaders of BRICS (Brazil, Russia, India, China, South Africa) on the sidelines of G20 summit. He said that “unfortunately,…
Russian power producer T Plus, which saw a police search and a CEO detention on Tuesday over a corruption case, has appointed First Deputy CEO Andrei Vagner as acting CEO, the company said in a statement. Chairman of T Plus board of directors Yevgeny Olkhovik and CEO Boris Vainzikher were detained on Monday on suspicion…
Russia’s Reserve Fund, which protects the budget against falls in oil prices, decreased by 15.7% in August to $32.2 billion as of September 1, the Finance Ministry said in a statement. The National Wealth Fund, designed to secure the country’s pension system, rose by 0.7% to $72.71 billion. In ruble terms, the Reserve Fund fell…
Over 40 import contracts on the deliveries of defensive equipment for the Ukrainian army, with their total value of $1.5 billion, are currently carried out. Ukrainian President Petro Poroshenko said this during his annual address in the Verkhovna Rada on September 6. “We praise the support from the side of our western partners. Over 40…
The 2015/2016 grain season is coming to an end in Kazakhstan (September 2015 – August 2016). High exports of basic grain crops and flour, was the main feature of the 2015/2016 marketing year in Kazakhstan, as well as in Ukraine and in Russia. However, in case of Kazakhstan, grain shipments did not reach all-time high,…
In August 29 – September 4, export volumes of grains from the Russian seaports reached 637.1 thousand tons, against 203.1 thousand tons shipped in the previous week. In particular, wheat shipments totaled 595.2 thousand tons, barley – 26.7 thousand tons, and peas – 15.2 thousand tons. (APK-Inform/Business World Magazine)
In July large and medium-sized enterprises of Ukraine produced 193 KMT of sunflower oil compared to 285 KMT in June and 207 KMT in July 2015. Since the beginning of the season sunflower oil production has totaled 3543 KMT, up by 77 KMT or by 2% YoY. This season (September-July) small enterprises are expected to…