Russia: Moscow court to consider 3 billion RUR Rosneft suit to RBC on November 11, 2016

The Moscow Arbitration Court will consider a 3.1 billion ruble suit filed by oil major Rosneft against channel RBC-TV and BusinessPress, the founder of media holding RBC, on November 11, according to a court statement. Several reporters of the holding, Konstantin Bochkaryov, Timofei Dzyadko, Lyudmila Podobedova and Maxim Tovkailo, were listed as co-defendants in the…


Russia: retail sales to recover in 2017

Russian retail sales are not expected to see a significant positive dynamics in 2016 but will likely recover in 2017, Industry and Trade Minister Denis Manturov said. “We will unlikely see significant positive dynamics (of retail sales) YoY in 2016, but there is a feeling of some recovery. Let’s see how the situation will unfold…


Russia: in late September 2016 grain exports from the seaports halved

On September 26 – October 2, the export volumes of grains from the Russian seaports reached 425.8 thousand tons, against 747.4 thousand tons shipped on the previous week.

In particular, the wheat shipments totaled 382.5 thousand tons, barley – 1.2 thousand tons, and corn – 39.1 thousand tons. (APK-Inform/Business World Magazine)

Russia: export duties on wheat to be restored

The Ministry of Agriculture of Russia does not entirely foreclose the possibility of renewal of the export duties on wheat in terms of force majeure circumstances, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. According to him, the government cancelled the export duties, because the market had stabilized, and there was no…


Ukraine: grain exports to reach last year record level

In the current season the export potential of Ukraine in the grain segment totals 38.1 million tons.

This is a decrease of only 1.1% compared with the record high level in 2015/2016 MY. (APK-Inform/Business World Magazine)

Belarus: Turkish business seeking stronger presence on the market

The Turkish business shows interest in expanding its presence in the Belarusian market, Chairman of the Turkish-Belarusian Business Cooperation Council Sefa Gomdeniz said at the investment forum in Minsk on September 29. Turkish companies are ready to offer Belarus new big investment projects. Possibilities of cooperation expansion are being discussed at the governmental level, the…


Russia to boost grain exports

Russia plans to increase grain exports, despite president Vladimir Putin’s recommendations not to rush with exports given lower international prices, Agriculture Minister Alexander Tkachyov said. “Of course, the country’s interests, its food goals, feed stuff for animals, seeds come first, while the rest is exported”, he said. “Our balance is (good), we obviously will increase…


Russia: Renova gets no offers to sell T Plus

Russian multi-industry holding Renova Group has not received any offers to sell its unit, power producer T Plus, Viktor Vekselberg, the group’s main owner and chairman of the board of directors, said. Ensuring power supplies in 16 Russian regions, T Plus is currently involved in a bribery case. According to the Investigative Committee, in 2007-2014,…


Russia: grain sales up in January-August 2016

In January-August Russian agricultural enterprises increased grain selling volumes by 9.9% YoY to 26.6 million tons, the Federal State Statistics Service (Rosstat) declared on September 29.

In particular, in August the reporting index totaled 7.6 million tons, up by 5.4% YoY. (APK-Inform/Business World Magazine)