The arbiter panel of the World Trade Organization (WTO) in general supports an E.U. case against Russia’s prohibition of imports of its pork products, according to a WTO statement. The arbiters say that several measures introduced by Russia contradict the country’s WTO obligations. On January 30, 2014, the Russian veterinary authority prohibited imports of European…
According to the official statistics figures, in July Russia exported 109.2 thousand tons of peas, up by 63% YoY. Turkey traditionally became the largest buyer of the Russian crop, and purchased 67.1 thousand tons of peas, against 51.8 thousand tons in July 2015. However, its share in the import structure in the reporting month dropped…
In 2016/2017 MY, Russia will supply nearly 40 million tons of grains on foreign markets, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik reported. In particular, the forecast of wheat exports from Russia in 2016/2017 MY totals 26-30 million tons, against 24.6 million tons last season. At…
Auchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said. The first Lillapois Beauty store opened in Moscow on August 19, and two more shops will be open…
Rosatom intends to develop the most cost-effective nuclear power plant (NPP) in the world by 2027, according to the corporation’s roadmap of innovative development until 2030. Russian state company Rosatom is actively working to improve the competitiveness of its nuclear projects proposed for construction abroad in order to fix its leadership on the global market.…
Handling of cargo by JSC Vladivostok Sea Fishing Port (Vladmorrybport) in January-July increased by 44% YoY to 1,921,600 tons, the company said. The seven-month throughput figures are as follows: fish products – 173,400 tons (up by 13.2%); bulk cargo – 613,100 tons (+100%); containers – 76,873 TEUs (+34,9%); scrap metal – 203,900 tons (+8.5%). The…
In January-July the volume of grain shipment for exports by enterprises of PJSC Novorossiysk Commercial Sea Port (NCSP Group) totaled 2.815 million tons, down by 9.4% YoY, the press-service of the company declared on August 16. Reduction of grain prices on the global market and low-scale shipment rates by companies-exporters became the main reasons for…