Russia has set a new record in oil production by increasing output by 4% MoM to 11.11 million barrels per day (bpd) in September, Reuters reported on October 2, citing the latest data of the Energy Ministry. Bloomberg also reported citing the data that Russia’s daily production of natural gas increased by 5.15% YoY and…
Since the beginning of 2016/2017 MY, and as of September 28, the volume of grain exports from Russia totaled 9.436 million tons, down by 3% YoY (9.777 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to the data of the Federal Customs Service of Russia. According to the announcement, the wheat…
As of September 1, Russian agro enterprises had 722.8 KMT of oilseeds, down by 94.2 KMT or by 11.5% YoY (817 KMT). In August oilseed stocks were 366 KMT higher. Agro companies had 245.4 KMT of sunseed, down by 29.4 KMT and by 10.7% YoY (274.8 KMT). In August sunseed stocks were 95.1 KMT higher.…
In 2017 Russia will keep the general grain harvest at the level expected for the current year – 113-116 million tons, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. In accordance with the State program, in 2017 it is planned to produce 107 million tons of grains. However, the Ministry will try…
Cancellation of the export duties on Russian wheat has to be unlimited, the Deputy Prime Minister of the Russian Federation Arkady Dvorkovich declared. According to him, the government canceled the customs duties for 2 years, but the officials do not plan to restore the duties at all. They requested grain exporters to set any possible…
Russian Internet giant Mail.Ru Group acquired 100% of mobile game developer Pixonic for $30 million, the group said. “We’re sure that we’ve been joined by one of the strongest teams of mobile game developers in the world. We’re confident that the merger will enforce the division of the international mobile development and release, and we’ll…
Russia and Belarus will discuss their natural gas dispute, but not a discount some time, Deputy Prime Minister Arkady Dvorkovich said. Belarusian President Alexander Lukashenko said earlier in September that Moscow and Minsk had almost agreed on the price of Russian gas supplies, but Yury Yaroshevich, minister-councilor of the Belarusian embassy in Russia, said shortly…