In January-July Russia exported 10.885 million tons of wheat and meslin valued at $1.886 billion, the Federal Customs Service of Russia declared. According to the announcement, the major volumes of wheat were traditionally shipped to far abroad foreign countries – 10.424 million tons ($1.806 billion). In the reporting period, wheat import volumes to Russia totaled…
The Eurasian Economic Union (EEU) has reduced import duties from 5.43% to 5.3% of the customs value of goods. The new rates became effective on September 1. The move was approved by the Eurasian Economic Commission (EEC) and reflects Russia’s WTO commitments. Although Belarus is not a WTO member, the country still has to comply…
During the first two months of 2016/2017 MY, Russia exported 6.58 million tons of grains, down by 4% YoY, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared. Traditionally, in the reporting period wheat formed the basis of Russian grain exports – 5.68 million tons, up by 4.8% YoY. At…
To complete its production upgrade program in 2016-2020, Belarus’ Mozyr NPZ (Gomel region) oil refinery will need $1 billion, while Naftan oil refinery (Vitebsk region) is short of $426 million, a source in the profile ministry reported. Belarusian oil refineries are challenged to keep upgrading their facilities in order to increase their oil conversion ratio…
Belarus’ farms and agribusiness enterprises, which received Br455.4 million ($232.255 million) in credits in 2016 to pay for mineral fertilizers, engine fuel and lubricants, will have their credit repayment schedule extended by one year, in accordance with President Lukashenko’s ordinance No. 328 of September 2. The document was made public on September 6. The credits…
Antonov state enterprise (Kyiv) plans to start practical cooperation with China on the completion of modernized An-225 Mriya aircraft with a carrying capacity of 250 tons under the Aerospace Industry Corporation of China (AICC), however, the concern emphasizes the timing depends on the Chinese side. Deputy chief designer of Antonov state enterprise Hennadiy Habruk said…
According to preliminary estimations of the Association Ukroliyaprom, in 2016 rapeseed production in Ukraine will total 1.1 million tons, against 1.6 million tons last year, the press-service of the Association declared. According to the announcement, last marketing year 10 oilseed plants processed rapeseed raw materials. In 2015/2016 MY Ukraine processed 300 thousand tons of rapeseed…