Russia: mandatory disposal of sanction foods extended until the end of 2017

The government of Russia prolonged the period for mandatory disposal of the foodstuffs under counter-sanctions which were illegally imported to the territory of the Russian Federation, until December 31, 2017. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree on August 10. According to the document, the Federal Service for Veterinary…

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Russia: milling wheat prices up

Upward trend in wheat prices continues in Russian market. During last week milling wheat (12.5%) prices in Novorossiysk and Azov ports increased by $3-4 to $170-174/MT FOB and $150-154/MT FOB respectively for August and September delivery. Export prices for high protein wheat are still supported by lower supply, both on the global and domestic Russian…

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Ukraine to reach record grain exports

The estimated volume of Ukrainian grain exports in the new marketing year can break the record of the previous year and reach about 41 million tons. President of the Ukrainian Grain Association Volodymyr Klymenko said this at a briefing. “The overall grain production is 63.5 million tons now. 41 million tons will be exported. We…

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Ukraine opens new market for sunflower oil

On August 5, authorized representatives of Ukraine and Indonesia signed a memorandum on cooperation between the agricultural ministries of the two countries. At this stage, a free trade zone is being discussed. Mutual interest in cooperation is expected to trigger increase in export-import flows of crop products. In this segment Asian countries are traditionally considered…

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Ukraine: Zorya-Mashproekt activities in H1 2016

In the first half of this year Zorya-Mashproekt released and sold turbines from the entire product range: marine propulsion installations, gas pumping units, and gas turbine generators. The installations for marine application have become the key segment of Zorya-Mashproekt’s production. Navy turbine share is over 80% of the total sales volume. As before, the largest…

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Ukraine: Ukrtelecom starts network modernisation in Zaporozhye

On August 16, the largest fixed Internet and telephony operator Ukrtelecom has announced the launch of technical modernisation in Zaporozhye. The company plans to install 390 new distribution cabinets in the city, replacing 92 obsolete automatic telephone exchanges of 1960-1990s. One of such automatic telephone exchanges located at Motostroiteley prospect was commissioned in 1868. In…

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Ukraine: NBU registers iBox Money Transfer

On August 4, the National Bank of Ukraine registered the iBox Money Transfer international remittance system, the payment organization of which is PJSC iBox Bank (formerly Agrocombank, Kyiv). Participants in the payment system are OJSC Zaminbank (Azerbaijan) and PJSC Artem-Bank (Kyiv). According to the NBU, taking into account iBox Money Transfer, currently eight payment systems,…

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Ukraine: NBU registers Sigue Money Transfer

On August 15, the National Bank of Ukraine (NBU) registered the Sigue Money Transfer international system, the payment organization of which is Cel.Int Ltd (UK). Participants in the payment system are PrivatBank, Oschadbank, and Unex Bank. According to the NBU, taking into account Sigue Money Transfer, currently ten payment systems are registered, the payment institutions…

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