Russian oil companies will cut their output if the government decides to decrease it, Leonid Fedun, the vice president at oil major Lukoil, reported. On October 10, president Vladimir Putin said that the country was ready to join OPEC in a freeze of oil production, if such an agreement was reached. “Joint actions of all…
Russia will lift restrictions on import of all citrus fruit, pears and plums from Turkey, assistant head of Russian phytosanitary watchdog Rosselkhoznadzor Alexei Alexeenko reported. “These are all citrus fruit and drupes, traditional fruit for Turkey – pears, plums, etc.”, Alexeenko said. Fruit will be supplied to Russia from regions free from quarantine pests and…
The Russian government has not rejected the idea of creation of an international financial center in the country, but will develop a new road map for the project, Deputy Finance Minister Alexei Moiseyev reported. “We have not rejected the international financial center, we have fulfilled the previous road map. Now we are developing a new…
The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported. In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange. “We’ve put forward this option. We will continue to suggest it…
Oil major Rosneft will join OPEC in its efforts to cut production if such decision is taken and ensure that the Russian policy is fulfilled, spokesman Mikhail Leontyev reported. “Of course, the company will comply with it, if the decision is made, we will fully ensure compliance with state policies, will do everything it will…
As of October 10, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 43.5 million ha (on the same date in 2015 – 41.7 million ha), or 92.1% of the planned areas (47.3 million ha). The produced volumes reached 113.8 million tons of grains, with the average yield…
In August Russia exported 349.8 KMT of barley, down by 42.5% YoY (606.7 KMT). During two months of the season shipments decreased by 33% – to 801.9 KMT against 1197.9 KMT in July-August 2015/2016 MY. In addition, according to market operators, barley exports from Russia continued to decline in September. During the reporting period shipments…