Russian Railways has proposed raising its transportation tariff for all types of cargo by 6.8% in 2017 or to differentiate between tariff increases depending on types of cargo. The company’s differentiated tariff proposal envisages a 8.2% rise for first-class cargoes, excluding coal and ore, and for mineral fertilizers; a 6.8% rise for coal, ore and…
The second stage of Russia’s bond issuance has been planned and is not replacing privatization, Economic Development Minister Aleksey Ulyukayev said. “Those are absolutely different tracks, we’ve always said that the second stage of bond issuance means exhaustion of the $3 billion quota”, he said, adding that “it does not replace the decision on privatization…
Barley harvesting in Russia entered the final straight. More than 18.2 MMT of barley were collected from about 93% of acreage, which already exceeds last year’s harvest. This year Russia will obtain 9% more barley than a year before. Undoubtedly, export potential will also grow in the 2016/2017 season. Experts believe that it may surpass…
Last week slight increase in average new crop sunflower seed prices was observed in Russian Federation due to limited supply. Harvesting has already started and farmers work mostly “for stocks”. The price fluctuated in the range of RUB 21500-24000/MT including VAT with delivery to the plant depending on the region. Major market participants were ready…
Russian national flag carrier Aeroflot is not considering the possibility of selling its stake in affiliate Rossiya Airlines, a representative of Aeroflot reported. Earlier mass media reported citing three federal officials that Deputy Prime Minister Arkady Dvorkovich had ordered the Transport Ministry to prepare suggestions for a sale of Rossiya Airlines by Aeroflot. “The issue…
Russian gas giant Gazprom is preparing a feasibility study for development of three licensed blocks in Bolivia and may receive operator contracts for the blocks without any competition, Gazprom CEO Alexei Miller said. In June Gazprom and Bolivian state-owned oil and gas company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) signed a roadmap for implementation of projects…
The Russian central bank is considering the possibility of launching the so-called regulatory sandboxes for participants of the financial market, when the regulator allows companies or banks to experiment with new technologies without being punished, Deputy Chairwoman Olga Skorobogatova said. “It’s the creation of a regime for banks or participants of the financial market, when…