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Russia, Belarus Plan To Create Common Tax, Customs Policy, Energy Market By 2021

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MOSCOW : Russia and Belarus plan to create a common tax and customs system as well as common energy market by 2021, with other areas of integration set to include banking supervision and currency control, Russia’s Kommersant newspaper reported on Monday, citing sources. The relevant provisions are reportedly contained in the draft bilateral program of action that was initialed by ... Read More »

Vietnam, Russia boost cooperation in customs

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General Director of the General Department of Vietnam Customs, Nguyen Van Can, held talks with Head of the Federal Customs Service of Russia, Vladimir Bulavin, in Russia’s capital city of Moscow on September 9, within the framework of bilateral cooperation between the two agencies. The bilateral talks aimed to enhance the effective and substantive implementation of commitments to promote trade ... Read More »

Finland tightens rules for Russian imported berries

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Starting December 14th, phytosanitary certificates will be required to import berry crops (including those for personal consumption) from the Russian Federation to the territory of Finland. This decision was made in connection with the amendments to the EU directive regarding import restrictions for certain types of fruit crops. At the moment, citizens of the Russian Federation can import up to ... Read More »

Russian court orders seizure of stake in bank in dispute with Baring Vostok

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MOSCOW (Reuters) – A court in Russia’s Far East ordered the seizure of a stake in Vostochny Bank [VOSEK.UL] held by private equity group Baring Vostok at Vostochny Bank’s own request, court documents published on Monday showed. Baring Vostok has been in the spotlight since the arrest earlier this year of several of its executives including U.S. investor Michael Calvey ... Read More »

Ambitious $300mn road project launched in Central Russia

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Authorities in Russia’s Volgograd Region have launched the construction of a 12km-long (7 miles) bypass, already dubbed Russia’s largest road project for the next five years. “This project is one of the largest for the next five years [and] I’m not talking merely about money, I’m talking about the scale of the project. It is easy to see: at the ... Read More »

Trump says Russia might be invited to next year’s G7 Summit, though other leaders disagree

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President Donald Trump said it is “certainly possible” that Russian President Vladimir Putin could be invited to next year’s Group of Seven Summit, though other member nations seemed to disapprove. Trump’s comment Sunday came after he repeatedly touted support for the move. The same day the world leaders convened at the summit in southwest France, European Council President Donald Tusk ... Read More »

Trump’s Idea To Buy Greenland Is Not Russia’s Business, Russia Will Not Interfere- Kremlin

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MOSCOW : US President Donald Trump’s idea to purchase Greenland from Denmark is not the Kremlin’s business, since Russia does not engage in “international shopping” and does not want to meddle in US-Danish relations, Kremlin spokesman Dmitry Peskov said on Thursday. Trump has recently confirmed media reports about his interest in buying Greenland, while Greenland has said it is not ... Read More »

China warned it should not pin its hopes on Russian soybeans plugging supply gap caused by US trade war

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Russian soybean exports to China are likely to remain low for the next few years, an agricultural specialist has warned, suggesting that amount produced will not be enough to provide a real alternative to the United States. China suspended purchases of US soybeans and other farm products this month after US President Donald Trump threatened to impose more tariffs on ... Read More »

Russia Warns China It Could Ban Timber Exports Over Illegal Logging

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Russia could ban timber exports to China unless Beijing takes action to help mitigate the effects of illegal logging, a Russian government minister said in an interview published Thursday. Russian authorities this month attributed some of the vast wildfires that have engulfed portions of Siberia in recent weeks to arsonists trying to conceal illegal logging activity. Dmitry Kobylkin, Russia’s minister ... Read More »

A floating nuclear plant in Russia features a gym, bar, and pool. An expert calls it ‘Chernobyl on ice.’

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For more than a decade, the Russian town of Pevek has anticipated the arrival of a floating nuclear-power plant. This month, it is finally slated to arrive, but first the plant must complete a 4,000-mile ocean voyage. The plant, called Akademik Lomonosov, is expected to supply electricity to an estimated 100,000 homes in a remote, far-east region of Russia — ... Read More »

First batch of Russian soybean cleared by Chinese customs

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Some 4,431.6 tons of Russian soybeans were cleared by Chinese customs after inspection and quarantine on Monday, Nanjing customs announced on its official WeChat account. This was the first batch of Russian soybeans entering China since it approved soybean imports from all parts of Russia in late July. China imported 817,000 tons of soybeans from Russia in 2018, up 64.7 ... Read More »

China’s customs approves Russian barley imports

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Beijing has approved Russian barley to enter the Chinese market, the Chinese customs office said on Thursday. This new approval, which comes several days after the approval of wheat and soybean imports, shows closer collaboration in the agricultural sector between the two countries amid a bruising China-US trade war, experts said. According to a statement published by the General Administration ... Read More »

China Has Authorized Wheat and Soy Imports from The Russia

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China has authorized wheat imports from the Russian region of Kurgan, the Chinese customs office mentioned on Friday, bringing Russia a step closer to its goal of dramatically growing grain exports. It also approved soybean imports from all parts of Russia, the General Administration of Customs stated in a separate statement on its website, having all however halted U.S. soy ... Read More »

China approves wheat imports from Russia’s Kurgan region : customs

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BEIJING: China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday. Beijing is embroiled in a trade war with the United States, a major supplier of the grain to China until the Chinese authorities imposed retaliatory tariffs on US cargoes. China also approved soybean imports from all parts of Russia, the General ... Read More »

Russia to resume sending “humanitarian convoys” to occupied Donbas

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Russia’s Ministry of Emergency Situations will resume sending “humanitarian convoys” to Russia-occupied Donbas, namely districts controlled by the self-proclaimed “Donetsk People’s Republic” (“DPR”). The freight is expected to arrive on July 25, according to the Novosti Donbassa media outlet, which cites the “DPR Emergencies Ministry.” The convoy is allegedly carrying medicines and medical equipment. Earlier the Kremlin explained a halt ... Read More »

Russia’s Ust-Luga port loads oil with 3.1 parts per million of chloride: ministry

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MOSCOW : Organic chloride content in oil loaded from the Baltic Sea port of Ust-Luga declined to 3.1 parts per million (ppm) as of July 22, within a permitted norm, from 3.5 ppm a week earlier, the Russian energy ministry said on Monday. Organic chloride levels have been scrutinized following a major oil contamination, which emerged in late April. Levels ... Read More »

Russia Eyes 2035 Grain Crop Boom With $70 Billion Investment Plan

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The Agriculture Ministry said on Tuesday it saw Russia’s grain crop rising as high as 150.3 million metric tons by 2035 in an “optimistic scenario” as it outlined a draft strategy to invest billions of dollars in grain infrastructure and logistics. The 2035 strategy, which has been sent to the government for discussion, would cost more than 4.4 trillion rubles ... Read More »

Russian wheat prices firm as USDA cuts crop forecasts

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MOSCOW: Russian wheat export prices rose slightly last week after the US Department of Agriculture (USDA) unexpectedly cut its crop forecasts and domestic producers held back sales in expectation of higher prices down the line, analysts said on Monday. Black Sea new-crop prices for wheat with 12.5% protein content were $194 a tonne free on board (FOB) at the end ... Read More »

Federal Security Service detains 9 customs officers of Domodedovo at ‘award ceremony’

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Operativists of ‘K’ directorate of the Federal Security Service arranged a fake award ceremony for employees of the customs office of Moscow airport of Domodedovo in order to gather together 9 workers of the service suspected of bribe taking. 8 frontline employees and a shift supervisor who arrived at the ceremony were detained, reports REN TV. In the coming days, ... Read More »

Russia & Iran see increase in trade tonnage, decrease in prices

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Iran and Russia, two major powers of the region, continue fruitful economic cooperation. The statistics on trade turnover between the two countries show significant growth. Trade between Iran and Russia from March 21 – April 20 amounted to 213,886 tons worth $87.84 million. The growth in tonnage was 48.45 percent, and the decrease in terms of costs equated to 54.6 ... Read More »