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Russia expects strong growth in pork exports

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Russia is set to export 100,000 tonnes (t) of pork in 2019, up 20% compared to the same period of the previous year, Russian government officials have forecast. Read More »

Russia may have designs on Iran’s trade with Syria

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When Russian Deputy Prime Minister Yuri Borisov paid a visit recently to Damascus to meet with Syrian President Bashar al-Assad, the trip fueled speculation about Russia’s future trade role in Syria and whether it might challenge Iran’s dominance. Borisov is also co-chair of the Russian-Syrian Commission on Trade, Economic, Scientific and Technical Cooperation. The April 20 visit also spurred more ... Read More »

SPIEF Becomes One Of Most Important Platforms For International Business Contacts

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The key topic of the St. Petersburg International Economic Forum (SPIEF), which will be held at the ExpoForum Convention and Exhibition Centre on June 6–8, is Creating a Sustainable Development Agenda, says the official website. According to the adviser to the President of the Russian Federation Anton Kobyakov, the Forum programme is based on a thorough analysis of current trends ... Read More »

Trade war and Iran tensions creating a ‘very unstable’ oil market, Russia minister says

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Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister Alexander Novak told CNBC Sunday. Asked about tensions in the Middle East, Novak said that problems in the region were becoming “greater and greater,” but added that the U.S.-China trade conflict was also having a destabilizing ... Read More »

US imposes sanctions over Russia rights abuses despite revived ties

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The United States imposed sanctions on five Russians over abuses including the killing of a prominent opposition leader, days after top-level talks seemed to ease tensions between the two powers. The State Department highlighted the actions against the five people, plus one legal entity, as it submitted an annual report required by Congress on actions taken under a law on ... Read More »

Procedures and strategies for anti-counterfeiting: Russia

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Russia is a signatory to almost all the international treaties governing IP matters. The international conventions and treaties are regarded as integral parts of the Russian legal system. The Constitution of the Russian Federation provides that if an international treaty establishes rules that differ from those stipulated by national law, the treaty’s rules will apply. Russia is a party to ... Read More »

Customs cooperation to take aim at IPR violations

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China will expand international cooperation in enforcing intellectual property rights to facilitate trade and create a favorable business environment for enterprises from China and overseas, a customs official said on Wednesday. Cooperative customs mechanisms have been established in more than 130 countries and regions, with more than 190 agreements signed, including with major trade partners such as the United States, ... Read More »

US, Russia ‘share same objective’ on N.Korea: Pompeo

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The United States and Russia share the same goals on North Korea as Washington tries to negotiate a nuclear deal, Secretary of State Mike Pompeo said after talks with President Vladimir Putin. “I think we share the same objective and I hope that we can find ways that we can work together,” Pompeo told reporters after the talks late Tuesday ... Read More »

Russia-Iran Trade Up 13.3% Year-on-Year To $543Mln In January-March

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MOSCOW : Trade between Russia and Iran amounted to about $542.9 million in the first three months of 2019, showing a 13.3-percent increase on a year-on-year basis, the Russian Federal Customs Service said Monday. Russia’s exports to Iran rose by 32.2 percent to $393.7 million, while Russia’s imports from Iran dropped by 17.7 percent to $149.2 million. Iran’s share in ... Read More »

Poland overtakes Russia to become Ukraine’s biggest trade partner in February

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Poland displaced Russia as the top buyer of Ukrainian goods in February according to the latest data available from Ukrstat. Russia has long been Ukraine’s main trade partner as the two economies remain intimately intertwined. However, relations have crumbled since the annexation of the Crimea in 2014 and trade has fallen thanks to numerous embargoes as the two countries are ... Read More »

Customs dog sniffs out €1.2 million in cash at Düsseldorf Airport

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A sniffer dog named Luke has tracked down huge bundles of cash from passengers at Düsseldorf Airport in the last six months. The three-year-old German shepherd is the only cash sniffer dog in Germany who is trained to work with humans at airport security, authorities say. In the last six months since Luke took up his investigations role, he has ... Read More »

Russia’s Nuclear Power Exports are Booming

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Russia’s state-owned agency Rosatom is on a tear. The company operates 35 nuclear power stations in Russia that produce 28 gigawatts (GW) of power, and it is actively exporting its nuclear technology to countries around the world. Russia has been using nuclear power plants as a way of cementing ties with its fellow emerging markets with no nuclear power tradition ... Read More »

China-Russia Trade Up 5.8% To $33.17Bln In January-April : Chinese Customs

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BEIJING : Trade between China and Russia saw a 5.8 percent year-on-year increase to $33.17 billion in the first four months of 2019, the data of the Chinese General Administration of Customs showed on Wednesday. In January-April, Chinese exports to Russia increased by 3.4 percent to $18.8 billion, while imports from Russia to China saw a 7. 9 percent increase, ... Read More »

Russian Airline Cancels Purchase of Jet Involved in Fiery Moscow Crash

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A Russian regional airline said Monday that it has canceled plans to buy 10 Sukhoi Superjet 100s, the same model of plane that was involved in the fiery crash landing at a Moscow airport Sunday that killed 41 people. Reuters reports that Vasily Kryuk, Yamal Airlines’ general director, claimed the company changed its plans because the Superjet’s servicing costs were ... Read More »

Russia fails to attract Chinese cash to Pacific coast

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Despite prolonged efforts by Russia to attract Chinese investment to its Pacific coast, firms from China appear to have little interest in the neglected regions. During an April visit to Beijing, Russian President Vladimir Putin told Chinese strongman Xi Jinping that bilateral co-operation had “reached an unprecedentedly high level and has become an example of how relations between states should ... Read More »

Moot suggests Pakistan, Russia to follow CPEC model

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ISLAMABAD: Scholars at a seminar urged further cementing Pak-Russia relations with an economic overview, calling for adopting a pattern of China, Pakistan Economic Corridor (CPEC), which has provided a new impetus to Pak-China relations. Giving an overview of Pak-Russia bilateral relations during the one-day seminar titled “Evolving Regional Dynamics and Future of Pakistan-Russia Relations”, Islamabad Policy Research Institute President Ambassador ... Read More »

Russia considers increasing import duties on food raw materials

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The Federal Customs Service of Russia (FTS) has proposed to increase import duties on a range of food raw materials under the guise of customs codes with similar characteristics to avoid additional duties. Read More »

EAEU, China may sign deal to exchange customs data this year : Russian official

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MOSCOW. KAZINFORM The Eurasian Economic Union (EAEU) and China plan to sign an agreement on exchange of information about goods and cargo transport vehicles crossing their borders, First Deputy Chief of the Russian Government Staff Sergei Prikhodko has said, TASS reports. According to the official, EAEU and China signed a trade and economic cooperation deal last year that “lays a ... Read More »

Russia says it can fix tainted oil affecting Europe supplies soon

Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk, Belarus April 26, 2019. REUTERS/Vasily Fedosenko

MOSCOW/MINSK (Reuters) – Russia is confident it can soon resolve a problem of polluted Russian oil contaminating a major pipeline serving Europe and affecting supplies as far west as Germany, a senior official said on Friday at talks with importers about the issue. Russian Deputy Energy Minister Pavel Sorokin did not give a precise timeframe but Moscow has previously said ... Read More »

Russia says Druzhba oil flow to fully resume within two weeks

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Russia will resume stable oil flows via the Druzhba export pipeline to Europe within two weeks, the country’s deputy prime minister Dmitry Kozak said Friday. Poland, Slovakia and Hungary have halted oil imports from Russia via the pipeline due to contamination in one of the key arteries linking Russia to central Europe and Germany. After talks between Russia, Poland, Ukraine ... Read More »