Russia hopes to restore air travel with Egypt by the end of 2016, Deputy Foreign Minister Mikhail Bogdanov, special presidential representative for the Middle East and Africa, reported. “We hope. The sooner the better”, he said, adding that Moscow must be sure that Egypt had done everything to ensure safety of Russian tourists. Moscow suspended…
As of September 15, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 38.5 million ha (on the same date in 2015 – 34 million ha), or 81.4% of the planned areas (47.3 million ha). The produced volumes reached 103.2 million tons of grains, with the average yield…
In July 2015/2016 MY Russia exported 0.8 KMT of sunflower against 11.5 KMT in the previous month and 1.3 KMT in July 2015. Since the beginning of 2015/2016 (September-July) Russian exporters shipped 60.2 KMT of sunflower, up 1.5 times YoY. More than 50% of all exports were shipped to Turkey. Share of Iran and Azerbaijan…
Russian oil major Lukoil may invest approximately $7.5-8 billion in 2017 and around $100 billion over the next 10 years, the company’s president Vagit Alekperov said. “Investments of $8-10 billion per year are the level that allows us to fulfill our obligations – pay dividends in accordance with the company’s policy, taxes and decent wages…
In January-August the production volumes of crude sunflower oil and its fractions in Russia totaled 2.4 million tons, up by 10.6% YoY, the Federal State Statistics Service (Rosstat) declared. At the same time, the production of wheat and wheat-rye flour decreased by 0.5%, to 5.7 million tons. (APK-Inform/Business World Magazine)
Elmir Habibullayev has been elected the new chairman of the Supervisory Board of Subsidiary of the International Bank of Azerbaijan (IBA) in Russia, IBA-Moscow, the Center for Disclosure of Corporate Information reported. In addition, by the decision of the parent bank (IBA), Farid Hashimov has been elected a member of the Supervisory Board of the…
The current problems with supplies of Russian wheat to Egypt, due to requirements of zero ergot fungus content in the imported grain, will not have any significant influence on the export potential of Russia, the Director of the Department of regulation of agricultural markets at the Ministry of Agriculture Vladimir Volik declared. According to him,…