“Okhotnik is planned to be integrated with the target sight optoelectronic systems of the fixed-wing/rotor-wing aircraft and other sophisticated military equipment. The system is intended for the electronic stabilization of the images and the detection/tracking of targets in automatic mode. Okhotnik increases the range of target acquisition in harsh environment by 50-100%”, a KRET`s spokesperson…Details
By 2020, the Russian agro-industrial complex will have received nearly 1 trillion RUR of investments for further development, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. According to him, it is necessary to discuss all ambitious plans for the following 20 years now, because all market participants have to understand the vector…Details
Ukrainian businessman Borys Kaufman intends to acquire a controlling stake in Platinum Bank (Kyiv) in the amount of 75% plus one share. According to the press service of Kaufman, on August 1, he filed a package of documents to the National Bank of Ukraine (NBU) to obtain permission. Kaufman intends to participate in subscription to…Details
Ukraine pumped 1 billion cubic meters (bcm) of natural gas into the underground storage facilities in July and reached the level of 10.7 bcm of gas as of August 1, according to PJSC Ukrtransgaz’s, the Ukrainian operator of the gas transportation system. According to the Gas Infrastructure Europe (GIE), at present 10.66 bcm of natural…Details
Ukrainian natural gas consumption in January-July dropped to 17.1 billion cubic meters from 19.4 billion for the same period last year, Department of Public Relations and Press at Ukrtransgaz company reported. “The operator of the domestic pipeline system reports that the consumption of natural gas by Ukraine has amounted to 17.1 billion cubic meters since…Details
Supplies of Ukrainian goods to Russia dropped to 8.8% of the country’s total export volume in January-June, the Economic Development and Trade Ministry reported.
“The European Union was Ukraine’s main trade partner to export goods in 5 months of 2016 (39.4%) while Russia’s share stood at 8.8%”, the report said. (TASS/Business World Magazine)
In January-June the joint index of costs for production of agricultural commodities in Ukraine (without the Crimea) increased by 12.2% compared with the same period of 2015, the State Statistics Service of Ukraine informed. In particular, the costs for plant growing commodities production grew by 8.6% YoY, and animal commodities – by 21.6%. According to…Details
On July 25-31, Ukraine exported 625.6 thousand tons of grains from the seaports, against 149.5 thousand tons in the previous week.
In particular, wheat shipments reached 358.9 thousand tons, corn – 48.7 thousand tons, barley – 207.2 thousand tons, and peas – 10.8 thousand tons. (APK-Inform/Business World Magazine)
Russia: Total and Zarubezhneft close the deal to transfer a 20% participating interest and Kharyaga PSA operatorship
Total E&P Russie, a 100% affiliate of Total group, has transferred a 20% participating interest in and the operatorship of the Production Sharing Agreement for the Development and Production of Oil in the Kharyaga Field to Zarubezhneft-Production Kharyaga LLC, a subsidiary of Zarubezhneft JSC. Pursuant to Amendment No. 3 to the Kharyaga PSA signed by…Details
Since the beginning of 2016/2017 MY, and as of July 27, the volume of grain exports from Russia totaled 1.71 million tons, up by 7.4% YoY (1.6 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 1.24 million tons from the reporting export volumes, barley…Details
The Aviadarts flight skills competitions among combat planes held in Russia will expand beyond the country’s borders in 2018, Russia’s Aerospace Forces Commander Col. Gen. Viktor Bondarev said. International air forces competitions Aviadarts-2016 kicked off on July 31, in the city of Ryazan. Pilot teams from Russia, China, Belarus and Kazakhstan were partaking in the…Details
Russia’s cabinet of ministers has submitted the agreement on extension of trade and economic ties with Jordan to the State Duma (lower house of parliament) for ratification as the text of the document has been posted in the Duma’s electronic database. The agreement was inked by representatives of the two countries’ governments on November 18,…Details
The Ministry of Agriculture of Russia proposes to cancel the customs duties on wheat exports in 2016/2017 MY, the Minister of Agriculture Alexander Tkachev said.
Last week the Ministry’s press-service reported that the Ministry of Agriculture would prepare formal recommendations to the government on the reporting issue. (APK-Inform/Business World Magazine)
Russia-Chinese project on grain processing is expected to be launched in Tatarstan with investments of 15 billion RUR. An industrial park “Saosyan-Volga” is going to be constructed at the area of 100 ha with annual processing capacity of 300 KMT. 200 types of food products (including unique ones: grain protein as a substitute to soybean…Details
Grain market participants are strongly interested in developing grain handling facilities in large ports and building their own logistic chains. From this viewpoint, Ukrainian grain handling segment is considered to be the most investment attractive and promising for investing. Three new grain-handling terminals were put into operation in Ukrainian seaports last season, which resulted in…Details
Proactive discussion of benefits for the mineral extraction tax (MET) on offshore fields is expected to start this fall, Russian Minister of Natural Resources Sergei Donskoi said. “We have not yet discussed it in detail. However, I think more active discussion will start in fall”, Donskoi said. Meanwhile, the ministry will support any project stimulating…Details
Ukraine: NBU permits international institutions to provide humanitarian aid to individuals using e-money
The National Bank of Ukraine (NBU) has permitted international institutions to provide humanitarian aid to individuals using electronic money, the central bank has said in its website. Amendments to the provision on e-money in Ukraine are outlined in NBU resolution No. 358 dated July 26, that took effect on July 30. The document improves the…Details
Last week weather was hot and rains were minor falling locally in the Eastern and Northern regions. Average daily air temperature ranged from +18.3C to 25.2C and was 2.9-5.7C higher than norm. Light rains varied from 5 to 16.6 mm, with the norm of 21-23 mm for this period. Such conditions were unfavorable for the…Details
Japanese JGC Corporation is exploring the possibility of building a mini LNG plant on Sakhalin, press service of the Sakhalin region government said. “The topic of constructing a mini LNG plant on the south of Sakhalin Island has been raised in May during a visit to Japan by the representative Russian delegation headed by Deputy…Details
The Indian government has cancelled the much awaited multi-role tanker transport (MRTT) aircraft deal worth $1 billion on the grounds of planes’ high operational cost. “We have recently cancelled the MRTT deal with Airbus Defence and Space because platforms are too expensive and not economically viable to operate”, a MoD official who declined to be…Details
On July 25-31, export volumes of grains from the Russian sea ports reached 583.8 thousand tons against 308.1 thousand tons shipped in the previous week.
In particular, the wheat shipments totaled 527.2 thousand tons, barley – 33.3 thousand tons, and peas – 23.3 thousand tons. (APK-Inform/Business World Magazine)
Five companies, including NJSC Naftogaz of Ukraine, carried out gas imports to Ukraine in July, according to PJSC Ukrtransgaz, the Ukrainian operator of the gas transportation system. “Five companies were engaged in importing natural gas for domestic consumers in July”, Maksym Biliavsky, the head of Ukrtransgaz’s press service wrote on Facebook. NJSC Naftogaz of Ukraine…Details
The KrAZ-5401‘2 4×2 dump tuck created in late February has undergone a complete cycle of manufacturer’s tests. Laboratory and on-the-road tests have been carried out in compliance with program using high precision test equipment. Ride tests took place on certified road sections of Ukraine. Results of preliminary (manufacturer’s) tests confirmed compliance of vehicle with requirements.…Details
State-run enterprise Antonov (Kyiv) has won litigation with Aviacor (Samara, Russia) in arbitration court of Samara region in the case to pay royalty for the use of the trademark for production and sales of planes, the press service of Ilyashev & Partners Law Firm that represented the interests of the Ukrainian manufacturer in court has…Details