On November 15, the head of the Ministry of Agriculture of the Russian Federation Alexander Tkachev reported about the plans of the country to export nearly 40 million tons of grains in 2016/2017 MY. According to him, the forecast export volumes vary within the range of 35-40 million tons. Last week the Ministry of Agriculture…
ATB units are not allowed to sail within water area of Big Port St. Petersburg from November 21 under the order of Port Harbour Master Aleksandr Volkov. The decision was made amid deterioration of ice situation, subzero temperatures and ice forecasts for the water area of Big Port St. Petersburg. (Portnews/Business World Magazine)
Annual capacity of seaports in Saint-Petersburg and the Leningrad region is to be increased to 395 million tons by 2030, up 3by 8% against the year of 2015. The growth is foreseen by the strategy for the development of transport system in Saint-Petersburg and the Leningrad region presented. Dry cargo capacity of the seaports is…
As of November 1, cargo traffic within the Azov-Don Basin of Russia’s inland water ways climbed by 14.4%, YoY, to 9.232 million tons, the Administration of Azov-Don Basin says. In the reporting period, transportation of heavy fuel oil fell by 0.5% to 2.804 million tons; sulfur went up by 15.2% to 1.373 million tons; diesel…
Deposit auctions will be enough to absorb excessive liquidity of the banking sector in the foreseeable future, Central Bank First Deputy Chairwoman Ksenia Yudayeva reported. “It will be enough for us to hold deposit auctions in the foreseeable future (to absorb excessive liquidity)”, Yudayeva said. The authority organized the first deposit auction in 18 months…
In January-October Russian coal exports climbed by 20.2% YoY, to 135,772,130 tons, the Ministry of Energy statistics said. In October, coal exports totaled 14,683,100 tons. Coal production in October totaled 33,186,500 tons (27,907,900 tons supplied). (Portnews/Business World Magazine)
A member of Russian food retailer Magnit’s board of directors, former director of its operating unit Tander Vladimir Gordeichuk is selling a 1.3% stake in the company. The price of the shares will be set during an accelerated collection of bids. UBS will act as the organizer of the deal. According to Magnit, Gordeichuk holds…