Russia: soybean production volumes to be doubled

The Ministry of Agriculture of Russia plans to double soybean production volumes in the country, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. According to him, increasing of the domestic production of the oilseed would break the dependence on imports of low-quality soybeans, including genetically modified oilseed, as well as allow increasing…

Russia: new Apple products certified

Russia has certified Apple’s new smartphones, smartwatches and wireless headphones. The certification shows two modifications of the iPhone 7 instead of three earlier expected. The smartphones will run on the iOS 10 operating system. Apple certified three new models of the Apple Watch on the watch OS2 system. The U.S. giant will unveil its new…

Russia: sunflower export tax down

Starting from September 1, Russia is decreasing export tax for sunflower, exported to the non-Customs Union countries. The corresponding decree has already been published on the government’s web-site. Sunflower seed export tax, including material for seeding purposes, will equal 6.5% from the good’s customs value, but no less than EUR 9.75 per 1 MT. Currently…

Russia: AFK Sistema sells 50% in SG-Trans

Russian multi-industry holding AFK Sistema has closed a deal to sell a 50% stake in railway cargo operator SG-Trans to a group of undisclosed non-affiliated buyers for 6 billion rubles, the holding said in a statement. Sistema President Mikhail Shamolin said in June that the company was selling its stake in the asset. An official…

Russia: grain supplies to Palestine to go up

Russia plans to increase grain exports to Palestine from 70 thousand tons to 250-300 thousand tons, the Russian-Palestinian intergovernmental commission on trade and economic cooperation declared. The Palestinian party is interested in cooperation in the sphere of energy, health care, culture and agriculture. The first contract with the Palestinians for the supply of 70 thousand…