Ukraine: exports to Russia down

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)

Ukraine: seaports grain exports up

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…

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Russia: sunflower stocks up

As of July 1, oilseed stocks at Russian enterprises were 675 KMT, up by 268 KMT, or by 66% YoY (407 KMT).

Sunflower seed stocks are 100% higher than last year. Thus, there were 389 KMT of sunflower seed against 184 KMT in 2015. (UkrAgroConsult/Business World Magazine)

Russia: Ministry of Agriculture proposes to cancel the export duties on wheat

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)

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…

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Ukraine: corn conditions

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…

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