The share of Turkish goods hit by Russian sanctions introduced early in 2016 accounted for 22% in the structure of Russian import from Turkey or nearly $1 billion in 2015, the Russian Ministry of Economic Development said in draft customs and tariff policy guidelines for 2017-2019. If Russian sanctions continue to be in effect by…
PJSC Turboatom (Kharkiv), in which 75.22% of the shares are owned by the state, will pay dividends over the past year in the period from December 15, 2016 to February 9, 2017. The supervisory council of the company made the decision on October 6. On August 9, Turboatom shareholders decided to pay 75% of net…
In January-September Commercial Sea Port Yuzhny handled 29,609,000 tons, down by 16.5% YoY, according to the Ukrainian Sea Ports Authority. In the reporting period, transshipment of liquid bulk cargo fell by 8.7% to 3.01 million tons including 252,000 tons of oil products (-13.2%), 739,000 tons of vegetable oil (+12.2%) and 2.01 million tons of chemicals…
Skadovsk maritime merchandise port on October 6, serviced the first ferry from Turkey running the Skadovsk-Zonguldak route the operation of which had been resumed. Skadovsk Town Council said that the ferry voyages were resumed thanks to efforts of the port’s team. The ferry arrived without cargo to test the possibilities of moving in the sea…
Russian Energy Minister Alexander Novak expects the international oil surplus to fall by about 1 million barrels per day (bpd) until the end of 2016, Novak reported. On September 27, the Organization of the Petroleum Exporting Countries agreed to cut output by between 200,000 and 700,000 barrels a day. The 14-nation oil-producing group controls over…
Russia’s consumer price inflation will amount to 5.4-5.5% in 2016, below the official forecast of 5.8%, Economic Development Minister Alexei Ulyukayev reported. “Our accumulated inflation now stands at 4.1% since the start of the year and 6.4% compared with the corresponding last year period”, he said. “It will be around 0.4% in each of the…
Russia has agreed to cut the 2016 gas price and has outlined a plan of further reductions for the next few years for Belarus, while Minsk agreed to redeem a $300 million debt for past deliveries, government officials said. “The debt, which has accrued for January gas payments will be redeemed fully until October 20.…