The Moscow Arbitration Court will consider a 3.1 billion ruble suit filed by oil major Rosneft against channel RBC-TV and BusinessPress, the founder of media holding RBC, on November 11, according to a court statement. Several reporters of the holding, Konstantin Bochkaryov, Timofei Dzyadko, Lyudmila Podobedova and Maxim Tovkailo, were listed as co-defendants in the…
Russia’s readiness to participate in consultations on oil output limits raises the chance that large oil producers will agree on measures to counter the price decline at the next meeting of OPEC on November 30 in Vienna, Morgan Stanley said in a research note. Russia is ready to consider joining OPEC and other oil producing…
Russian retail sales are not expected to see a significant positive dynamics in 2016 but will likely recover in 2017, Industry and Trade Minister Denis Manturov said. “We will unlikely see significant positive dynamics (of retail sales) YoY in 2016, but there is a feeling of some recovery. Let’s see how the situation will unfold…
On September 26 – October 2, the export volumes of grains from the Russian seaports reached 425.8 thousand tons, against 747.4 thousand tons shipped on the previous week. In particular, the wheat shipments totaled 382.5 thousand tons, barley – 1.2 thousand tons, and corn – 39.1 thousand tons. (APK-Inform/Business World Magazine)
The Ministry of Agriculture of Russia does not entirely foreclose the possibility of renewal of the export duties on wheat in terms of force majeure circumstances, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. According to him, the government cancelled the export duties, because the market had stabilized, and there was no…
The telecom index, MICEX TLC, has been rising steadily since January through May on a strong ruble and robust performance of its pillar, Russia’s top telecom firm MTS, but the controversial data retention laws and the end of a dividend payout period undermined the growth by late September. Analysts said the indicator could recover until…
Russia plans to increase grain exports, despite president Vladimir Putin’s recommendations not to rush with exports given lower international prices, Agriculture Minister Alexander Tkachyov said. “Of course, the country’s interests, its food goals, feed stuff for animals, seeds come first, while the rest is exported”, he said. “Our balance is (good), we obviously will increase…