As of September 5, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 34.5 million ha (on the same date in 2015 – 27.7 million ha), or 73% of the planned areas (47.3 million ha). The produced volumes reached 95.6 million tons of grains, with the average yield…Details
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Since the beginning of 2016/2017 MY, and as of August 31, the volume of grain exports from Russia totaled 5.366 million tons, down by 7% YoY (5.781 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 4.494 million tons from the reporting export volumes, barley…Details
The volatility of the currency and commodity markets, as well as high debt in developed countries are constraints for the growth of the world economy, Russian President Vladimir Putin said at an informal meeting of the leaders of BRICS (Brazil, Russia, India, China, South Africa) on the sidelines of G20 summit. He said that “unfortunately,…Details
Russian power producer T Plus, which saw a police search and a CEO detention on Tuesday over a corruption case, has appointed First Deputy CEO Andrei Vagner as acting CEO, the company said in a statement. Chairman of T Plus board of directors Yevgeny Olkhovik and CEO Boris Vainzikher were detained on Monday on suspicion…Details
Russia’s Reserve Fund, which protects the budget against falls in oil prices, decreased by 15.7% in August to $32.2 billion as of September 1, the Finance Ministry said in a statement. The National Wealth Fund, designed to secure the country’s pension system, rose by 0.7% to $72.71 billion. In ruble terms, the Reserve Fund fell…Details
Over 40 import contracts on the deliveries of defensive equipment for the Ukrainian army, with their total value of $1.5 billion, are currently carried out. Ukrainian President Petro Poroshenko said this during his annual address in the Verkhovna Rada on September 6. “We praise the support from the side of our western partners. Over 40…Details
The 2015/2016 grain season is coming to an end in Kazakhstan (September 2015 – August 2016). High exports of basic grain crops and flour, was the main feature of the 2015/2016 marketing year in Kazakhstan, as well as in Ukraine and in Russia. However, in case of Kazakhstan, grain shipments did not reach all-time high,…Details