Russia will abandon the wheat export duty until July 2018, Deputy Agriculture Minister Dzhambulat Khautov said. “The export duty on grain will be abolished in Russia until July 2018”, he said. Khautov said that the ministry’s proposal to abandon the Russian wheat export duty had been approved at a meeting held by Deputy Prime Minister…
As of August 29, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 30.8 million ha (on the same date in 2015 – 25.7 million ha), or 65.3% of the planned areas (47.3 million ha). The produced volumes reached 89.3 million tons of grains, with the average yield…
The Russian central bank could reduce its key rate at the next meeting on September 16, CEO of the country’s biggest lender Sberbank German Gref said. “If inflation goes down, there are chances”, Gref said. The board of directors of the ruler decided on July 29, to keep the interest rate at 10.5% after a…
According to official data, as of August 26, Russian farmers had threshed 29.2 million ha (61.9%) of grains and legumes against 25.7 million ha on the same date in 2015. 86.2 MMT was harvested with average yield of 2.95 MT/ha (in 2015 – 69.3 MMT with 2.7 MT/ha). Wheat was threshed from 18.1 million ha…
Since the beginning of 2016/2017 MY, and as of August 24, the volume of grain exports from Russia totaled 4.48 million tons, down by 0.6% YoY (4.506 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to the data of the Federal Customs Service of Russia. According to the announcement, the wheat…
Russian power holding Inter RAO has raised the forecast for earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2016 to 85 billion rubles from 79-80 billion rubles, Dmitry Palunin, a member of the management board, said. The forecast is under International Financial Reporting Standards (IFRS). In May, Inter RAO already raised its EBITDA outlook…
Russian shipyard Krasnye Barrikady has signed a $1 billion contract with Iranian company Tasdid to build offshore drilling rigs for work in the Persian Gulf. The Russian side undertook to finance 85% of the contract amount. The rigs designed to explore and develop oil and gas will be built within the next two years in…