Russia: oil market to reach balance in 2017

Oil market supply and demand can come into balance already in the second half of 2017 with market methods even if no agreements on the market stabilization are reached at the upcoming meeting in Algeria, Russian Energy Minister Alexander Novak reported. “Everything will depend on demand, supply, on the economic situation of many countries that…

Russia: Knights aerobatic team reportedly receives first Su-30SM fighter jet

The Russian Knights aerobatic team based in Kubinka near Moscow has started receiving the first Sukhoi Su-30SM (NATO reporting name: Flanker-C) multipurpose fighter jets, some Russian Internet sources recently said. According to public sources, the Irkutsk Aircraft-Manufacturing Plant, part of the Irkut Corporation, manufactured the first Su-30SM fighter jet in September. The plane was given…

Russia: Telenor exit makes VimpelCom Ltd fitter

Russian billionaire Mikhail Fridman, a co-owner of VimpelCom Ltd., is happy that Norway’s Telenor has begun selling its stake in the wireless carrier, because competition between the two companies in some markets created an “abnormal” situation on the board. Telenor, which began selling its 33% stake of VimpelCom Ltd. earlier in September, is a direct…

Russia: nearly 8 million tons of grains exported

Since the beginning of 2016/2017 MY and as of September 21, the volume of grain exports from Russia totaled 7.83 million tons, down by 9% YoY (8.582 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 6.588 million tons from the reporting export volumes, barley…

Russia: grain exports from seaports up in late September 2016

On September 19-25, the export volumes of grains from the Russian seaports reached 747.4 thousand tons, against 229.4 thousand tons shipped on the previous week.

In particular, the wheat shipments totaled 595.3 thousand tons, barley – 5.8 thousand tons, corn – 136.9 thousand tons, and peas – 9.4 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: seaports grain exports up in late September 2016

On September 19-25, Ukraine exported 648.4 thousand tons of grains from the seaports, against 596.1 thousand tons on the previous week.

In particular, wheat shipments reached 579.5 thousand tons, barley – 64.9 thousand tons, and corn – 4 thousand tons. (APK-Inform/Business World Magazine)

Russia: VimpelCom Ltd chooses buyer for towers

Amsterdam-based VimpelCom Ltd. has allegedly agreed to sell its tower bases in Russia to local company Russian Towers, winner of the tender, and the deal’s future will be settled at a meeting of VimpelCom Ltd.’s board of directors, scheduled for the end of September. A person close to VimpelCom Ltd. confirmed that the process of…