Russia lifts ban on importation of fruit and vegetables from Egypt, except potatoes, from October 1, Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) reported. “Starting from October 1”, the Ministry announced. On September 22, Rosselkhoznadzor imposed temporary restrictions on imports of plant products from Egypt. “Due to continuing supplies of quarantineable products unsafe…
Russia is seeing good moisture levels for winter crop sowings said Andrey Sizov Jr of the influential Moscow-based analysis group SovEcon. This week the European Commission flagged “concern” about dry weather in parts of Russia, which could harm winter wheat prospects. But Sizov was upbeat about winter wheat prospects. “Things actually are looking quite well…
The government of Russia has officially made public the decision to zero down the export duties on wheat. The web-site of the government posted the corresponding resolution #966 dated September 26. According to the signed resolution, the zero rate for the export duty on grain has been set until July 1, 2018. The previous government…
The current zero rates of export duties on Russian wheat will not reduce federal budget income, the Deputy Minister of Finance Ilya Trunin declared. According to him, the Ministry does not expect for any budget losses in connection with such a decision. The government of the Russian Federation zeroed down the export duties for wheat…
Russian airline S7 Group, which comprises of Siberia Airlines and Globus, has signed a deal with Sea Launch group of companies to buy facilities of the Sea Launch spacecraft launch service, including the maritime platform Odyssey. Under the deal, S7 Group will buy the Sea Launch Commander ship, the Ocean Odyssey platform with installed rocket…
Russian fertilizer producer EuroChem has agreed with its shareholders on a $1 billion perpetual loan with a possible expansion to $1.5 billion to balance its covenant debt, a representative of the company reported. “This is a contribution into the capital, through providing a ‘perpetual loan’. The sum is $1 billion and can be raised to…
Iran has not received any offers to be excepted from an oil production freeze deal from OPEC, Iranian Oil Minister Bijan Zangeneh reported. On Tuesday, a high-ranking source in the Algerian delegation to the International Energy Forum said that Saudi Arabia was ready to cut its oil production to January levels if Iran froze its…