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Russian cybersecurity firm Group IB to open global HQ in Singapore: CEO

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MOSCOW: Russian cybersecurity company Group IB is to open a global headquarters in Singapore this year or in early next as part of international expansion plans, chief executive Ilya Sachkov said. Sachkov, 32, is a co-founder of the Moscow-based company which was set up in 2003 and focuses on investigating high-tech crimes and online fraud. Its clients include banks, energy ... Read More »

Russia-US Trade Raises 8.5% Year-on-Year Despite Sanctions : Customs Service

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MOSCOW (Sputnik) – Trade between Russia and the United States increased by 8.5 per cent year-on-year in the first nine months of 2018, compared to the same period last year, and stood at $18,019 billion, according to the data published by the Russian Federal Customs Service (FTS). According to the data, exports from Russia to the United States in the ... Read More »

Paul Manafort is reportedly hitting the brakes on cooperating with Mueller

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Moscow : Cooperation talks between the special counsel Robert Mueller and Paul Manafort, the former chairman of President Donald Trump, have broken down in recent days, ABC News reported this week. Manafort struck a plea deal with Mueller’s team in September, shortly after he was convicted of eight counts related to tax fraud, bank fraud, and failure to report foreign ... Read More »

Belarus remains Russia’s fourth biggest trading partner

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MOSCOW : Belarus is Russia’s fourth biggest trading partner in the world and the first in the CIS in January-September 2018, BelTA learned from the Russian Federal Customs Service. According to the Russian customs, in January-September 2018 the Belarusian-Russian trade amounted to $26,403.8 billion, an increase of 13.9% over the same period in 2017. In terms of trade with Russia ... Read More »

Russia’s Oil Export Revenue Up 37% In Jan-Sept Year-on-Year : Customs Service

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MOSCOW : Russia’s revenue from oil exports has surged by 37.7 percent between January and September compared to the same period of 2017 and reached $94 billion, the Russian Federal Customs Service said on Thursday. According to the customs service, Russia exported over 190 million tonnes of oil over the period, marking a slight 0.1 percent decrease compared to 2017. ... Read More »

‘Torture’ of Russian ‘whale jail’ as 100 Orcas and Belugas captured in Pacific bay

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Moscow : rosecutors are investigating whether more than 100 whales crowded into tiny enclosures on Russia’s Pacific Coast are being held illegally. Eleven Orca and 90 Beluga whales are being held in what local media have dubbed a “whale prison” in a bay near the city of Nakhodka. It is the largest number of sea creatures to ever be held ... Read More »

Russia tackles domestic fuel fears and US-China nuke standoff in the cards

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Moscow : The Russian government and the country’s oil companies will sign an agreement on stabilizing the fuel market within the next 24 hours, Deputy Prime Minister Dmitry Kozak said on Wednesday evening after his meeting with representatives of Russia’s oil industry. According to Kozak, a solution has been found, and the situation may begin to get ironed out soon, ... Read More »

Russia promises to exclude tariffs on agricultural products from Moldova

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Moscow: Russia may exempt customs duties on vegetables and fruits, as well as wine imported from Moldova from next year, announced the Moldovan presidential press service on Thursday. According to the release, Moldovan President Igor Dodon, who started Wednesday a two-day visit to Russia, had agreed with his Russian counterpart Vladimir Putin to take joint concrete measures to increase the ... Read More »

Russian sugar producers interested in increasing supplies to Azerbaijan

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Moscow : Russian sugar producers are interested in increasing the supply of their products to Azerbaijan. Board Chairman of the Union of Sugar Producers of Russia (Soyuzrossakhar) Andrey Bodin told Trend that to date, friendly contacts between Russian and Azerbaijani manufacturers have been established at a high level. “Russia and Azerbaijan have established professional business ties, including friendly relations between ... Read More »

Russian Oil Set to Lose Billions in Ship-Fuel Overhaul

A manometer, a gauge for measuring gas, is seen on pipe work at the OAO Gazprom Neft oil refinery in Moscow, Russia, on Thursday, Sept. 20, 2012. OAO Gazprom Neft, the oil arm of Russia's state-run natural-gas producer, started operating a 3.2 billion-ruble ($100 million) bitumen processor at its Moscow refinery this month as it seeks to reduce pollution. Photographer: Andrey Rudakov/Bloomberg

Moscow : Russia is set to suffer the biggest revenue losses from rules mandating cleaner marine fuels from 2020, because the world’s top exporter of the sulfurous residual oil that powers ships doesn’t look prepared for the change. Refineries across the world are bracing themselves for the once-in-a-generation shift intended to reduce pollution caused by ships. While plants in Europe ... Read More »

European Parliament Urges Tough Stand On Russia Over Sea Of Azov ‘Blockade’

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BRUSSELS: The European Parliament has urged EU states to make clear to Russia that it will face tougher measures if it intensifies its “de facto blockade” of international shipping in the Sea of Azov. A nonbinding resolution passed on October 25 called on EU member states to warn Moscow “that the targeted sanctions against Russia will be reinforced” if it ... Read More »

Russia-China Trade In National Currencies: The Product Mix Is Key

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Moscow : The share of RUB and CNY in Russia-China trade has nearly quadrupled in the last 4 years but is still only 18-19%. Further growth towards 64-67% seen in Russia-CIS trade might be politically favoured, but also seems to be constrained by the RUS-CN product mix, which from the Russian side is fuel-heavy on the exports and machinery-heavy on ... Read More »

Egypt receives over 120 Russian business delegations in 2017/18

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Moscow : Egypt has received over 120 Russian business delegations in order to implement joint projects in the areas of oil and gas exploration, nuclear energy, railway transport, metallurgy, automotive production, agricultural machinery, construction, pharmaceuticals, and banking, in both 2017 and 2018, said the Head of Trade Representation of Russia in Egypt, Nikolai Aslanov. “The Trade Representation of Russia in ... Read More »

Salvini Visits Moscow Pledging to Fight EU Russia Sanctions

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Moscow : Italian Deputy Premier Matteo Salvini visited Moscow Wednesday to drive home one of his favorite points: that European Union sanctions on Russia hurt Italy and should be repealed. “The Russian sanctions are a social, cultural and economic absurdity,” Salvini told the annual meeting of the Russian branch of Italy’s main business lobby Confindustria, repeating the same lines he’s ... Read More »

Meeting Eurasian Economic Commission’s chairman is the first Sisi’s activity in Russia

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Moscow : President Abdel Fatah al-Sisi will meet Monday with Eurasian Economic Commission’s Chairman Tigran Sowreni Sargsyan. This comes during Sisi’s three-day official visit to Russia. The Eurasian Customs Union is a customs union which consists of all the Member states of the Eurasian Economic Union including Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. Egyptian President Abdel Fatah al-Sisi arrived on ... Read More »

As Russia pivots to the east, trade with China is booming

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Moscow :Trade turnover between Russia and China has been rapidly growing, rising 30 percent to reach $77 billion from January to September, statistics from China’s General Administration of Customs show. The volume of exports from China to Russia has grown by almost 13 percent, exceeding $35 billion. Imports of Russian goods surged by around 40 percent to $42 billion, said ... Read More »

IKEA eyes partnership deals to boost Russian online business

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MOSCOW : IKEA Group is looking to sign strategic partnerships with Russian companies to boost its local online business, the furniture retailer’s Russia country manager Pontus Erntell said on Wednesday. IKEA, known for its flat-packed self-assembly furniture, owns 14 hypermarkets in 11 Russian cities. In the past year, it has focused on bringing customers online and that business now accounts ... Read More »

Russia wants to ditch US dollar in trade with European partners

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The Russian Ministry of Finance said on Monday it may shift to the use of local currencies with European trade partners. The move will be part of the so-called de-dollarization of the Russian economy. “As we can see the main opportunity which can be realized in the short and medium term is the transition to settlements in national currencies with ... Read More »

Russian Wheat Exports Almost Double In 2018 : Customs

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Moscow : Russia exported nearly twice as much wheat in the first eight months of this year as in the same period last year, fresh data released Thursday by Russia’s customs agency showed. Wheat exports in January through August rose 170 percent, yielding $5.13 billion in total proceeds. In August alone, Russia sold almost 22 percent more wheat than in ... Read More »

Russia-US Trade Up 9.8% Year-on-Year To $15.8Bln In January-August : Russian Customs

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MOSCOW : Trade between Russia and the United States has grown by 9.8 percent to $15.8 billion in January-August in comparison to the same period last year, the Russian Federal Customs Service’s data showed on Friday. During the given period, Russia’s exports to the United States went up by 11.9 percent to $7.3 billion, while imports saw an 8-percent year-on-year ... Read More »