Russia: Yamal LNG to get $400 million from JBIC

Yamal LNG liquefied natural gas plant project led by independent gas producer Novatek can receive a $400 million loan from the Japan Bank for International Cooperation (JBIC), Bloomberg reported citing JBIC CEO Tadashi Maeda. JBIC has almost finalized the agreement with the project and plans to sign a memorandum of understanding for strategic partnership with…

Russia: Uralkali decisions of EGM

On August 29, Uralkali held its Extraordinary General Meeting of Shareholders (EGM) where following decision has been made. The EGM approved of interested-party major transaction (a number of interrelated transactions) – placement of the company’s exchange traded bonds in favor of JSC Uralkali-Technology with a total nominal value of $800 million and with a value…

Ukraine: gas production up in January-August 2016

Natural gas production in Ukraine in January through August grew by 1.6%, or 211.4 million cubic metersYoY, to 13.379 billion cubic meters. Gas production in August alone was 1.684 bcm, up by 0.1% YoY (1.682 bcm), PJSC Ukrtransgaz reported. In particular, PJSC Ukrgazvydobuvannia produced 1.212 bcm of gas, PJSC Ukrnafta’s output was 107.8 mcm, and…

Ukraine: wheat stocks down

According to Ukrainian office of statistics, as of August 1, stocks of grains and legumes were at 23.9 MMT, down by 2.5% YoY (24.5 MMT). Wheat stocks decreased by 5%, to 16.62 MMT against 17.54 MMT as of August, 1 2015. Barley stocks dropped by 5%, to 3.958 MMT. Corn stocks are 18% lower than…

Russia: Ministry of Agriculture changes structure

The Ministry of Agriculture of Russia has made changes to the structure of its central administration unit, abolishing the agricultural and food market regulation, food and processing industry and creating two separate divisions. The Department of Agro-Industrial Market Regulation will be headed by Vladimir Volik and will focus on the strategic planning and management of…

Ukraine: flour output down in July 2016

According to the official statistics figures, in July Ukraine produced 148.5 thousand tons of flour, down by 7% YoY. Ukraine dropped production volumes of all types of flour products. In particular, the production of wheat and wheat-rye flour decreased by 4% to 141.2 thousand tons, of flour from other grains – by 41% to 7.2…

Belarus: pork imports from Ukraine banned

On September 1, Belarus has temporarily banned pork imports from Volyn and Vinnytsia regions of Ukraine due to African swine fever (ASF). The Veterinary and Food Control Department of the Ministry of Agriculture and Food of the Republic of Belarus has stated this on its website. According to the data from the World Organization for…

Belarus reports $1.9 billion commodity trade deficit in January-July 2016

Belarus’ foreign trade deficit stood at $1.934 billion in January-July against $1.457 billion in January-July 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 18.6% YoY in January-July to $13.116 billion, while imports decreased by 14.4% MoM to $15.05 billion. Exports from Belarus included $7.761 billion worth of supplies to the CIS…