Since the beginning of 2016/2017 MY, and as of July 27, the volume of grain exports from Russia totaled 1.71 million tons, up by 7.4% YoY (1.6 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 1.24 million tons from the reporting export volumes, barley…Details
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The Aviadarts flight skills competitions among combat planes held in Russia will expand beyond the country’s borders in 2018, Russia’s Aerospace Forces Commander Col. Gen. Viktor Bondarev said. International air forces competitions Aviadarts-2016 kicked off on July 31, in the city of Ryazan. Pilot teams from Russia, China, Belarus and Kazakhstan were partaking in the…Details
Russia’s cabinet of ministers has submitted the agreement on extension of trade and economic ties with Jordan to the State Duma (lower house of parliament) for ratification as the text of the document has been posted in the Duma’s electronic database. The agreement was inked by representatives of the two countries’ governments on November 18,…Details
The Ministry of Agriculture of Russia proposes to cancel the customs duties on wheat exports in 2016/2017 MY, the Minister of Agriculture Alexander Tkachev said. Last week the Ministry’s press-service reported that the Ministry of Agriculture would prepare formal recommendations to the government on the reporting issue. (APK-Inform/Business World Magazine)Details
Russia-Chinese project on grain processing is expected to be launched in Tatarstan with investments of 15 billion RUR. An industrial park “Saosyan-Volga” is going to be constructed at the area of 100 ha with annual processing capacity of 300 KMT. 200 types of food products (including unique ones: grain protein as a substitute to soybean…Details
Grain market participants are strongly interested in developing grain handling facilities in large ports and building their own logistic chains. From this viewpoint, Ukrainian grain handling segment is considered to be the most investment attractive and promising for investing. Three new grain-handling terminals were put into operation in Ukrainian seaports last season, which resulted in…Details
Proactive discussion of benefits for the mineral extraction tax (MET) on offshore fields is expected to start this fall, Russian Minister of Natural Resources Sergei Donskoi said. “We have not yet discussed it in detail. However, I think more active discussion will start in fall”, Donskoi said. Meanwhile, the ministry will support any project stimulating…Details