Wednesday , September 19 2018
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Russia

We Still See Good Business Opportunities in Russia: Deloitte Chairman

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Deloitte just recently opened a new office in Russia’s Far Eastern city of Vladivostok – its seventh office in Russia – in response to investment coming in from Asia, according to the company’s global chairman, David Cruickshank. He spoke to Sputnik on the sidelines of the Eastern Economic Forum that took place in Vladivostok last week. Sputnik: There’s been a ... Read More »

Idlib assault on hold as Russia, Turkey agree on buffer zone

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The leaders of Russia and Turkey have agreed to establish a de-militarised zone in Syria’s Idlib province, in a move that ostensibly puts on hold a threatened all-out assault by government forces on Syria’s last rebel bastion. The announcement was made on Monday during a press conference in the Black Sea resort of Sochi, where Russian President Vladimir Putin hosted ... Read More »

Traders wary of delays as Russia toughens grain export control

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Russia’s food safety watchdog has beefed up quality controls on grain exports due to complaints from major buyers and the lower quality of the crop, it said, adding that the more stringent checks were not aimed at limiting grain exports. Traders have been watching for any changes to regulations because they were used in the past to place informal curbs ... Read More »

Washington’s Sanctions Push Sinks Russian Bonds

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Russia:A growing drumbeat on Capitol Hill for further sanctions against Russia because of its interference in U.S. elections has hit Russian bond markets and the foreigners who trade in them. Since U.S. legislators ramped up efforts at the start of August to pass laws that would penalize Russian financial and energy industries, Russian ruble-denominated bond prices have dropped about 7%, ... Read More »

UK crime agency steps up assault on Russian dirty money

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The National Crime Agency is ratcheting up its focus on targeting Russians with suspicious wealth as part of the UK’s response to clear the £90bn tide of “dirty money” flooding into London. Donald Toon, director of the NCA’s economic crime unit, said it was preparing to expand the use of unexplained wealth orders, which have struck fear into the Russian ... Read More »

Domino’s offered Russians a lifetime of pizza if they got tattoos of the company’s logo

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Domino’s Pizza in Russia was forced to end a viral marketing promotion offering a lifetime of free pizza to fans who got the company’s logo tattooed “in a prominent place” after too many people participated, The Moscow Times reported. The promotion, posted on VKontakte, Russia’s Facebook-like social-media network, offered 100 years of free Domino’s pizza to anyone who tattooed the ... Read More »

Belarus urges Russia not to cut petroleum product exports

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Russia:Belarus urged Russia not to cancel exports of petroleum products to Belarus, which Moscow argues are not economically viable, Belarusian Deputy Prime Minister Igor Lyashenko said on September 10. “Russia proposes to clarify the balance of oil products deliveries while no one questions the balance of oil supplies. This is a negotiation process. We insist on keeping the volume at ... Read More »

China’s Xi plans to meet Putin on visit to Russian port city

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Chinese President Xi Jinping will meet with Russian President Vladimir Putin next week in a sign of strengthening ties between the two Asian giants. The summit will take place during Xi’s working visit to Russia’s far-eastern port city of Vladivostok on Tuesday and Wednesday, the Chinese foreign ministry said Friday. It will be the first time a Chinese head of ... Read More »

Russian wheat export prices flat amid support from global benchmark

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Russian wheat export prices finished last week unchanged as an early fall was offset by growth in the global benchmark in Chicago due to concerns about tightening supplies, analysts said. The worries were focused on speculation that new economic measures due to be announced by the Argentine government on Monday might include grain export restrictions, and that Russia may curb ... Read More »

Apple Watch Pride face is blocked in Russia by watchOS 5

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Apple introduced the rainbow-colored Pride Apple Watch face, as well as a corresponding watch band, at WWDC back in June. But in recent weeks, observers have speculated as to why the Pride Watch face is not available in Russia. One developer appears to have found the reason, right in Apple’s own code. Developer Guilherme Rambo discovered this week that “the ... Read More »

Russia-Eritrea Relations Grow with Planned Logistics Center

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Russia and Eritrea expanded their diplomatic relationship Friday when Moscow announced plans to build a logistics center at a port in the East African country. Foreign Minister Sergey Lavrov disclosed the plans at a meeting with a high-level delegation from Eritrea, according to RIA, a Russian state-owned news agency. The scope, location and timeline of the project have not been ... Read More »

Fuel oil prices are flat in the Far East ports of Russia

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Russia:According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for IFO-380 НS $407 pmt, IFO-180 НS – 418 pmt, MGO – $665 pmt. Fuel oil prices are ranging between $405 and $420 pmt depending on product viscosity and availability. Bunker suppliers noted the price growth in the beginning of the week amid ... Read More »

OSCE mission meets with crew of Russian tanker, blocked in Ukrainian port

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MOSCOW:A delegation of the Organization for Security and Cooperation in Europe (OSCE) on Friday met with the crew of Russia’s Mekhanik Pogodin tanker, which remains blocked in the Ukrainian port of Kherson since August 10, the vessel’s operating company V.F. Tanker told TASS. “At last, a delegation of the OSCE mission was allowed to the berth where the vessel is ... Read More »

Russia customs prevented contraband of gold to China

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Russia:The border guards in Transbaikalia, Russia, blocked an attempt to illegally transport gold worth more than 1.2 million rubles ($17.8m) on the border between Russia and China, the press service of the Customs Dept of the Federal Security Service of Russia told reporters on Tuesday. “Gold consignment weighing more than 600 grams with an estimated value of more than 1.2 ... Read More »

Russian Manufacturers Suggest Tightening IT Equipment Imports – Reports

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MOSCOW:Russian telecommunications equipment manufacturers have proposed new measures for import substitution to the government suggesting that imports of IT equipment be tightened, media reported om Monday. According to the Kommersant newspaper, Russian companies Eltex, Micran, T8 as well as the Russian Association of Manufacturers of Electronic Equipment and Instruments, Electronics Developers and Manufacturers Association and the National Platform for Industrial ... Read More »

Russia and Turkey to trade in national currencies not US dollar

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Russia:Russia said last Monday that it favors bilateral trade with all countries using their national currencies rather than the US dollar. However, Russian authorities say the idea needed more work before it could be implementedrade-in-national-currencies-not-us-dollar/article/529597#ixzz5OKowUVtX There has already been several moves by Russia to use currencies other than the dollar in international trade. Back in June Russia and China came ... Read More »

Port Services Firm Blacklisted for Sanctions-Busting

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Moscow:The U.S. Treasury has blacklisted a Russian port services firm for alleged violations of sanctions on North Korea’s nuclear program. The decision drew an immediate protest from the Kremlin, which described the move as an attempt to “punish” Russia. In a statement Wednesday, the Treasury’s Office of Foreign Asset Control (OFAC) said that it has designated Profinet Pte., a port ... Read More »

Russia’s trade surplus up 46.3% in H1, 2018

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MOSCOW:Russia’s trade surplus rose 46.3 percent year on year to 98 billion U.S. dollars in the first half (H1) of the year, the Russian Federal Customs Service said Tuesday. “The trade balance was positive at 98 billion U.S. dollars, which is 31 billion U.S. dollars more than in January-June 2017,” it said in a statement. Trade turnover amounted to 330.6 ... Read More »

Russia’s finance ministry sees no grounds for global economic crisis-Minister

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MOSCOW:Russia’s finance ministry sees no preconditions for another global economic crisis, Russian First Deputy Prime Minister and Minister of Finance Anton Siluanov said on Sunday. “If any changes occur in the global economy, they will inevitably tell on Russia. But now I see no grounds to speak about a global crisis,” he said in an interview with the Voskresny Vecher ... Read More »

Factbox: U.S. companies with exposure to Russia

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Although the United States and Russia have imposed economic sanctions on each other since 2014, several large U.S. corporations, including PepsiCo Inc (PEP.O) and McDonald’s Corp (MCD.N), still count Russia as a growth market. But new developments have raised the possibility of fresh challenges for U.S. companies in Russia. The United States on Wednesday announced it would impose fresh sanctions ... Read More »