As of October 3, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 42.9 million ha (on the same date in 2015 – 39.9 million ha), or 90.9% of the planned areas (47.3 million ha). The produced volumes reached 111.7 million tons of grains, with the average yield…
Russian metals holding Metalloinvest has signed a contract to export over 600,000 tons of rail and shaped billets to Kazakhstan’s Aktobe Rail and Section Works in 2017-2020 from its unit Ural Steel, Metalloinvest said in a statement. In February Metalloinvest signed a 3-year contract to export about 600,000 tons of rail and shaped billets by…
The board of directors of the Russian state-owned oil major Rosneft has approved participation in privatization of a 50.08% government stake in oil company Bashneft, sources familiar with the matter reported. Rosneft said in a separate statement that the board had approved a large deal, and a representative of the company said that the deal’s…
On October 4, the National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 58.725 thousand tons of grains (from the proposed volume of 62.1 thousand tons) valued at 560.473 million RUR, the press-service of NAMEX declared. In…
Russia’s grain harvest can exceed an earlier forecast of 116 million tons in 2016, Agriculture Minister Alexander Tkachyov announced. “Weather conditions allow me to forecast that we will harvest up to 116 million tons, maybe more”, Tkachyov said. Grain exports have been below the last year’s level, the minister said. “I think that we will…
Russia’s gross domestic product (GDP) may fall by 0.6% this year but go up by 0.5-0.8% next year meaning that recession will be over soon, Alexei Kudrin, a former finance minister and the current head of the Center for Strategic Research, said. The Economic Development Ministry expects the economy to contract 0.6% in 2016 and…
Russian gas giant Gazprom has established a company to develop systems for underwater production of oil and natural gas on the shelf, including the Yuzhno-Kirinskoye field off the island of Sakhalin in the Far East of the country, Deputy CEO Vitaly Markelov said. “The U.S. account for 81% of the market for systems of underwater…