Astarta’s subsidiaries are successfully conducting autumn field works on the harvesting of the technical crops and preparation of soils for the following year. As of the middle of September, the company has already harvested 80% of the area under soybean and 40% under sunflower, the harvesting of the corn has just started. The company carries…Details
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Russia’s Finance Ministry has prepared major changes to the compulsory auto liability insurance, known in Russian as OSAGO. Among other amendments, the ministry has proposed to divide OSAGO policies into three types: an “economic package” with current limits of 400,000 rubles for damage to property and 500,000 rubles for injuries, a “standard” package with limits…Details
In 2016-2017, Russia will export the Mil Mi-8/17 and Mi-24/35 helicopters to Angola, Mali, Nigeria and Sudan, Yury Demchenko, the head of the delegation for Russia’s arms exporter, Rosoboronexport, said. Demchenko pointed out that helicopters remained one of the most sought-after types of military hardware in Africa. In 2014-2016, Russian-made helicopters were exported to Angola,…Details
The Russian government may shuffle off part of the oil tax burden on consumers by raising excise duties on fuel, according to the results of a recent meeting chaired by Deputy Prime Minister Arkady Dvorkovich. The Finance Ministry initially offered to raise the rate of the Mineral Extraction Tax (MET) on oil in 2017 by…Details
Russian power holding Inter RAO is interested in buying assets in Latin America or Southeast Asia, Ilnar Mirsiyapov, a member of the management board, said. Inter RAO wants to acquire a significant stake of a market, Mirsiyapov said after naming countries of Latin America and Southeast Asia as markets which the company saw interesting for…Details
Rosinterbank, included in Russia’s 100 largest banks in terms of assets, has completely stopped providing services to its clients, the bank said. “Individual and corporate clients will not be serviced at Rosinterbank’s offices and branches starting from September 15, in order to stabilize the bank’s financial performance”, the bank’s statement said. A source reported that…Details
The government of the Russian Federation posted the draft decree by the Ministry of Agriculture on zeroing of the wheat export duties from September 15, at the common web-portal of legal information disclosure. According to the explanatory note, to date the reporting duties do not actually have any regulatory impact. At the same time, the…Details