Russian Defense Minister Sergei Shoigu and Egyptian Defense Minister Sedki Sobhi recently agreed to establish a training program for Egyptian pilots. Considering this development, it is very likely that Moscow and Cairo are in fact close to brokering a sale of Russian-made Ka-52K carrier-based attack helicopters to Egypt, which would become a welcome addition to…Details
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Russian arms producers plan to export $15 billion worth of goods in 2016, Deputy Director of defense company Rosoboronexport Sergei Goreslavsky said. “Like last year, we plan to sell weapons worth $13 billion. Sales will total $15 billion including revenue of the Federal Service for Military and Technical Partnership”, Goreslavsky said. Rosoboronexport has sold $7…Details
Russia’s wheat exports rose by 60% YoY to 10.885 million tons in January-July, according to the Federal Customs Service. In monetary terms, exports increased by 29.82% to $1.886 billion. Russia’s wheat exports to non-CIS countries increased by 70% YoY to 10.424 million tons worth $1.806 billion, up by 38.09% rise in monetary terms. Wheat exports…Details
Russia’s Syktyvkar City Court arrested Yevgeny Olkhovik, a shareholder and board chairman of multi-industry holding Renova Group, for two months over a bribery case in the Komi Republic. Olkhovik and Boris Vainzikher, CEO of Renova’s unit T Plus, were detained on suspicion of giving bribes to the Komi Republic officials. The Federal Security Service and…Details
Russian oil company Gazprom Neft has offered partnership on two Arctic shelf deposits, Kheisovsky and Severo-Vrangelevsky, to China’s CNOOC, CEO of parent company Gazprom Alexei Miller said. Miller said that Gazprom suggested that CNOOC participate in the development of the shelf fields of Gazprom Neft, without elaborating. “As regards oil, we are considering this opportunity,…Details
Russian oil company Tatneft has bid for privatization of a state stake in oil company Bashneft and has not withdrawn it, Tatneft CEO Nail Maganov said. “Our bid has not been withdrawn yet. The bid is sent and not withdrawn”, he noted. “The company has a solid investment potential, which we invest in the development…Details
According to official data, as of September 2, Russian farmers had threshed 33.26 million ha (70.4%) of grains and legumes against 27.66 million ha as of the same date in 2015. 93.41 MMT was harvested with average yield of 2.81 MT/ha (in 2015 – 73.05 MMT with 2.64 MT/ha). Wheat was threshed from 20.45 million…Details