International rating agency Standard & Poor’s (S&P) has improved its outlook on BB+ long-term ratings of Russia’s second largest bank VTB Bank in national and foreign currencies to stable from negative, the agency said in a statement. The agency’s move toward VTB ratings also covers VTB’s affiliates VTB Leasing, VTB Leasing Finance, VTB Capital, VTB…Details
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Russian oil giant Rosneft has deactivated its Lisichansk refinery in east Ukraine, Rosneft CEO Igor Sechin said. “We are deactivating this plant for the time being. We have admitted part of the refinery’s personnel for work at Rosneft. Over 60 people have come to us”, Sechin said. “Our decision is to preserve all assets”, Sechin…Details
Port Pevek (Chukotka Autonomous District) has accepted the first convoy of vessels delivering materials and equipment for the world’s first floating nuclear power plant (FNPP). PR Department of Rosenergoatom Concern JSC says M/V Constanta and M/V Anisimov have delivered construction machinery and over 6,000 tons of metal structures. 68 anchor piles with the diameter exceeding…Details
Khabarovsk Territory authorities call on expansion of porto franco regime to Sovetskaya Gavan district adjacent to Vanino district which is already within the free port limits. According to the press center of the Khabarovsk Territory Government, this has been discussed at the first meeting of the Committee of the Vladivostok Free Port Supervisory Board. The…Details
The First Vice Minister of Agriculture Kairat Aituganov reported on the progress of harvest campaign in Kazakhstan. “Kazakhstan has already cropped more than 16 million tons of grain”, Aituganov said at the session of the Government. According to him, the total grain crops harvested so far exceeded 16.5 million tons, i. e. 72% of the…Details
In January-July Russia increased cereal crops export volumes by 31.5% YoY, to 15.566 million tons, the Federal State Statistics Service (Rosstat) reported. According to the announcement, in the reporting period wheat and meslin traditionally formed the basis of grain export supplies – 10.885 million tons, up by 59.9% YoY. Also, the exports of Russian corn…Details
According to the official statistics figures, in 2015/2016 MY (September-August) Russia exported 447.5 thousand tons of flaxseed, up by 38% YoY (323.5 thousand tons), which become a new annual record. Last season, Belgium became the largest importer of Russian flaxseed – 45% of the oilseed supplies (48% in the previous season), followed by Turkey (20%;…Details