VTB Capital, an investment advisor on privatization of the government’s 25% stake in Russian shipping company Sovcomflot, has submitted a report to the Economic Development Ministry in which it said that the stake might be sold in 2017 in parts on the Moscow and New York stock exchanges, Minister Alexei Ulyukayev reported. “Sovcomflot (privatization) may…Details
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As of October 6, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 43.3 million ha (on the same date in 2015 – 40.7 million ha), or 91.6% of the planned areas (47.3 million ha). The produced volumes reached 112.8 million tons of grains, with the average yield…Details
Since the beginning of 2016/2017 MY and as of October 5, the volume of grain exports from Russia totaled 10.402 million tons, down by 4% YoY (10.819 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to operative data of the Federal Customs Service of Russia. According to the announcement, the wheat…Details
Almost 25 years after watching the Dawn of Communism collective farm where he grew up land in the dustbin of history, Andrey Burdin is helping turn Russia into something the communists never could: a grain-export powerhouse. Over the last few years, Burdin has tripled the size of his farm on the steppe near the Black…Details
At the end of September winter crops in the major part of the country were at different stages of development, depending on sowing terms – from emergence to tillering. Conditions and soil moisture stocks were mainly satisfactory. Warmth was insufficient for growth and development of winter crops. Last week rains in the major part of…Details
Russia and Turkey have agreed to complete the work on a joint agreement on trade in services and on investments by the end of the next year, Russian Minister of Economic Development Alexei Ulyukayev said, adding that this agreement would provide better protection to investors and would create new possibilities for them. “We have stated…Details
Russia’s average daily oil and gas condensate output grew to 11.2 million barrels daily in October from 11.11 million barrels in September, setting a new post-Soviet record high, Bloomberg reported, citing preliminary data of CDU TEK, an agency that provides data and analysis to the Russian Energy Ministry. Russian Energy Minister Alexander Novak said that…Details