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
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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
Ukraine: NBU permits international institutions to provide humanitarian aid to individuals using e-money
The National Bank of Ukraine (NBU) has permitted international institutions to provide humanitarian aid to individuals using electronic money, the central bank has said in its website. Amendments to the provision on e-money in Ukraine are outlined in NBU resolution No. 358 dated July 26, that took effect on July 30. The document improves the…Details
Last week weather was hot and rains were minor falling locally in the Eastern and Northern regions. Average daily air temperature ranged from +18.3C to 25.2C and was 2.9-5.7C higher than norm. Light rains varied from 5 to 16.6 mm, with the norm of 21-23 mm for this period. Such conditions were unfavorable for the…Details
Japanese JGC Corporation is exploring the possibility of building a mini LNG plant on Sakhalin, press service of the Sakhalin region government said. “The topic of constructing a mini LNG plant on the south of Sakhalin Island has been raised in May during a visit to Japan by the representative Russian delegation headed by Deputy…Details