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Russian and Japanese lawmakers sign memorandum of understanding

Russian and Japanese lawmakers signed a memorandum of understanding aimed at expanding cooperation between the two countries. "This is the first memorandum in the history of our common work," Chairman of the Federation Council Foreign Affairs ...

Modified: 27.06.2018
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Projects worth over $1 bln can be implemented with South Korea in Russian Far East

Projects worth over $1 bln can be implemented in the Russian Far East together with South Korea, Russian Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said on Friday at the Russian-Korean business forum. "Following the Day of the Korean ...

Modified: 27.06.2018
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Russian-Azerbaijani trade turnover grows more than 30% over past year

Trade turnover between Russia and Azerbaijan grew more than 30% over the past year. The flow of Russian tourists has reached 850,000 and it significantly rose, the growth was 18% compared with the previous years. For Russia, Azerbaijan is a strategic partner and this predetermines ...

Modified: 26.06.2018
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Russia’s exports to India up by 40% in January-April 2018

Russia’s exports to India increased by 40.1% in January-April 2018 on the same period last year, to reach nearly 2.2 billion US dollars. The most dramatic growth, of more than 600%, was reported in the sector of leguminous crops, with exports up from ...

Modified: 25.06.2018
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Russia to Export Interactive Robots to US

Promobot, a Perm, Urals, based robotics developer, signed a contract for the supply of 2,800 interactive robots for Intellitronix, a US company which will be Promobot’s exclusive distributor in North America. The exclusive license will cost Intellitronix $600,000. The US company will pay Promobot $56,7m for 2,800 units over the next five years. Promobot will supply its first 75 robtos before the end of the year, and increase the exports to 100 units per month by 2022. Promobot’s robots can...

Modified: 25.06.2018
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South Korea, Russia, North Korea may implement big trilateral projects — Moon Jae-in

Seoul, Moscow and Pyongyang may implement a number of big trilateral infrastructure and energy projects in case peace is established in the region, South Korean President Moon Jae-in said. "Russia and South Korea have huge potential as far as economic, humanitarian and cultural exchanges go," Moon Jae-in said. "The potential has not been exhausted yet. We can involve North Korea in cooperation after permanent peace is established ...

Modified: 21.06.2018
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Russian government might allocate $5.14 bln to support oil companies

The Russian government is discussing the possibility of introducing a refundable excise tax on oil with an increasing coefficient for oil plants located far from export markets - in the Volga region, the Urals and Siberia. For these purposes, it is planned ...

Modified: 21.06.2018
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Russia and Saudi Arabia plan to invest $2 billion in technology projects

The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 bln in technology projects in 2019, head of RDIF Kirill Dmitriev said. "Partners of RDIF from Saudi Arabia have already allocated $10 bln and invested ...

Modified: 19.06.2018
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Russian entrepreneurs plan to raise export to China by exploring new regions

Russian business aims to expand the zone of realization of goods in China, not settling for the traditional area of marketing in its northern and northeastern parts. "So far, we have been able to increase the turnover of goods in the places where ...

Modified: 19.06.2018
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Russia ratifies strategic partnership agreement with Turkmenistan

The State Duma of Russia adopted the law on ratification of the agreement between Russia and Turkmenistan on strategic partnership. The agreement envisages that the relations of strategic partnership between the two countries will be based on the principles of mutual ...

Modified: 18.06.2018
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Russia, Saudi Arabia agree on termless extension of OPEC+ deal — energy minister

Russia and Saudi Arabia have agreed a termless extension of the OPEC+ deal at the Moscow meeting, Russia’s Energy Minister Alexander Novak said Saturday, adding that the agreement stipulates output regulation at any moment. "I would like to point ...

Modified: 18.06.2018
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Bolivia interested in purchasing gas-fueled cars from Russia

Bolivia is interested in purchasing gas-fueled cars from Russia and is currently assessing proposals it has received, said the country’s President Evo Morales, who made a visit to Moscow on June 13-15. "Bolivia is interested in purchasing gas-fueled cars from Russia. During the recent visit, we received ...

Modified: 18.06.2018
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Russia, China sign agreement establishing investment fund’s management company

Russia and China have signed an agreement on establishing a management company of a five bln yuan ($781 mln) investment fund at the Russian-Chinese Forum on Inter-Regional Cooperation in China’s Harbin. The project is being implemented with the support ...

Modified: 18.06.2018
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Azerbaijan invested over $1B in Russia’s economy

Azerbaijan’s total investments in Russia exceed $1 billion, Azerbaijani Economy Minister Shahin Mustafayev said at the opening ceremony of Azerbaijan’s business center in Russia’s Astrakhan city. He said that Russian investments in Azerbaijan’s economy reached $4 billion. “Russia ...

Modified: 18.06.2018
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Russia-France trade turnover up 25% in three months of 2018

The trade turnover between Russia and France soared by 25% in first three months of this year, Russia’s ambassador to France Aleksei Meshkov said. "Russia and France are at a fairly favorable stage of bilateral relations’ development today," he said and mentioned ...

Modified: 14.06.2018
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Putin suggests economic cooperation between Russia, Lebanon be expanded

President Vladimir Putin is concerned about negative trends on declining trade turnover between Russia and Lebanon in early 2018, urging to expand the economic cooperation between the countries. "The positive trend regarding growth of trade turnover by more than 17% (in 2017) should be maintained," he said at a meeting with Lebanon’ ...

Modified: 14.06.2018
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Across the Board: Russia Increases Sawn Timber Exports to Japan in April 2018

Russia increased its sawn timber exports to Japan by 3.5% to 67,100 cubic meters in April 2008, while the mean price slid by 1% to $361 per cubic meter. Japan decreased its sawn timber imports by 4.5% to 487,200 cubic meters during that period as the ...

Modified: 14.06.2018
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Austria’s Hawle to expand its operations in Russia

Austria’s Hawle will expand operations on the company’s production site in the Lipetsk Region of Russia. An agreement on cooperation and interaction between the administration of the Lipetsk Region and Hawle was signed earlier during the visit of Russian President Vladimir Putin to Austria. The subject matter of the agreement is organization of ...

Modified: 07.06.2018
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Sotheby's raises more than $12 mln from Russian art sales

The revenues of the Sotheby's auction house at the auction of items of Russian and Soviet art held on June 5 exceeded 9 mln pounds ($12 mln). The sales took part as part of traditional Russian week, which is held in London twice a year - in May-June and November-December. Sotheby's raised most of these revenues from the ...

Modified: 07.06.2018
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Putin hails Russia-OPEC cooperation

Russian President Vladimir Putin noted that the joint work of Russia and OPEC has given a good effect for the oil market. He made this statement at a meeting with Crown Prince of Abu Dhabi Mohammed Al Nahyan. "Our joint efforts, including those ...

Modified: 04.06.2018
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Investment climate in Russia is favorable — AEB

Investment climate in Russia is now favorable but sanctions pose the main risk for development of this climate’s potential, General Director of the Association of European Businesses (AEB) Frank Schauff said. "Yesterday we just published our annual study. And we have ...

Modified: 04.06.2018
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Construction of Zvezda shipyard’s second stage will be completed 4 years ahead of schedule

The construction of the second stage of Zvezda shipyard in the town of Bolshoi Kamen in Russia’s Primorsky Region will completed in 2020, four years ahead of schedule announced earlier, Vice President of Russia’s top oil producer Rosneft Andrey Shishkin said. "The finishing date of the second stage is 2024, though we will finish it ...

Modified: 04.06.2018
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Ukraine Increases Imports of Russian Scrap Paper

According to the Russian Federal Customs Service’s official statistics, Russia exported 60,500 tons of scrap paper worth $12.3m in the first three month of 2018 — more than three times than in January-March 2017. The key importer of Russian scrap paper was Ukraine, ...

Modified: 30.05.2018
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Russia Imports More Silks

According to the Russian Federal Customs Service’s official statistics, Russia imported silk and silk-containing textiles to $3.04m — 17% down from the previous year. Russia imported largely (78%) fabrics containing not less than 85% silk threads; silk noil stripes ...

Modified: 30.05.2018
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Russian Pharma Imports Show Growth

Russia’s pharmaceutical imports stood at $10.8bn in 2017 — a 22% climb on the previous year. Imports consisted largely (77.5%) of retail-ready therapeuticals and prophylactics, worth $8.4bn, followed by blood and blood fractions for therapeutic and ...

Modified: 29.05.2018
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Russian Ferroalloy Exports Grow in Physical Terms, Remain Same in Value

Russian had to increase its exports of ferroalloys by 8% in physical terms to 122,000 tons in the first two months of 2018 to maintain the same level of proceeds from these exports as last year, $193.8m. The key Russian ferroalloy exporters are traditionally ...

Modified: 29.05.2018
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Russian Haircare Product Exports to Belarus Growing

According to the Russian Federal Customs Service’s official statistics, Russia exported haircare products to $27.3m in January and February 2018. The structure of haircare exports is dominated by shampoos which it exported to $10.9m and which accounted for 40% of the ...

Modified: 29.05.2018
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Mozambique plans to sign gas agreement with Rosneft, ExxonMobil by yearend

Mozambique plans to sign an agreement with Rosneft and ExxonMobil on gas field exploration in the north of the country by the end of 2018, Foreign Minister of Mozambique Jose Pacheco said following the talks with Russian top diplomat Sergey Lavrov. "The project to develop gas fields in the north of Mozambique is under discussion now. The plan is to sign an agreement this year and launch the project on field development in Mozambique with participation of ...

Modified: 28.05.2018
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Trade turnover between Russia, Japan over $18 bln

Russia and Japan are successfully cooperating in the economic sphere, particularly in investments, agriculture, industry and energy, Russian President Vladimir Putin said after talks with Japan’s Prime Minister Shinzo Abe. "We are achieving good ...

Modified: 28.05.2018
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Russia, France sign agreements totaling about 1 bln euro

Russia and France signed agreements amounting to about 1 bln euro during the visit of France’s President Emmanuel Macron to Russia, Chief Executive of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said. "The total amount of agreements ...

Modified: 25.05.2018
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New Platforms for Cooperation between China and Russia: Prospects for Development

Cooperation between Russia and China in the Far East has a long way to go. “Russia and China stand the best chance to develop cooperation in the Far East. <…> China is an enormous market, while Russian Far East is a gigantic treasury of natural resources ...

Modified: 25.05.2018
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Russia and Egypt sign agreement on creation of Russian industrial zone in Egypt

Russia and Egypt signed an agreement on the creation of the Russian industrial zone in Egypt. The document was signed as part of the Russian-Egyptian intergovernmental commission by Industry and Trade Minister Denis Manturov and his Egyptian counterpart ...

Modified: 24.05.2018
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Russia may start exports of Cortege project cars in late 2020

Exports of cars of the Cortege project may start not earlier than the end of 2020, Industry and Trade of the Russian Federation Denis Manturov told reporters. The production of cars of the Cortege project has already begun and they are produced under Aurus brand. "We will start registering potential customers after the Moscow auto show, but simply ...

Modified: 24.05.2018
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First day of SPIEF-2018 to focus on digitalization, human capital and Russian GDP growth

Digitalization, measures to spur economic innovations and development of human capital will become the main issues up for discussion during the first day of the St. Petersburg International Economic Forum. Members of Russia’s new government, appointed on May 18, will answer questions from representatives of the international business community. This year’s forum is expected to gather about 15,000 participants representing 70 countries. Meeting with investors ...

Modified: 24.05.2018
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Russian Pork Exports Show Steep Increase

According to the Russian Federal Customs Service’s official statistics, Russia’s pork exports stood at $62m in 2016/17— a 50% increase on the previous two years. However, Russia’s imports of pork exceeded its exports 13 times in 2017. The leading Russian pork ...

Modified: 23.05.2018
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Japan, Russia agree to arrange more flights to South Kuril Islands for former residents

Japan and Russia have made an agreement to arrange more charger flights to the South Kuril Islands for their former Japanese residents, Japan’s Mainichi newspaper reported. According to the newspaper, the agreement will be officially announced during Japanese ...

Modified: 22.05.2018
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Russia’s Big Arctic Natural Reserve: fish, birds and ships

The Big Arctic Natural Reserve was founded in Russia 25 years ago. It united four million hectares of unique natural territories in the Russian Arctic. It is the biggest natural reserve in Russia and in Europe: the reserve’s protected areas make almost 4.17 million hectares. The natural reserve ...

Modified: 22.05.2018
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Russia Exports Aluminum to 120 Countries

According to the Russian Federal Customs Service’s official statistics, Russia exported 3.7m tons of aluminum to $6.4bn in 2017 — a 16% increase on the previous year. The key importers of Russian aluminum in 2017, which accounted for 70% of the total (or $4.5bn) were ...

Modified: 22.05.2018
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Brazil softens requirements to Russian wheat exports — watchdog

Brazil has decided to soften phytosanitary requirements for Russian wheat, which will allow Russia to resume deliveries that were discontinued after 2014. According to her Brazil mitigated the requirements which concerned the content of seeds of the weed plants which are quarantine in Brazil and which are found ...

Modified: 22.05.2018
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Sochi winter vacation experience: Alpine resorts welcome 1 mln tourists in 2017-18 season

Alpine skiing resorts in Russia’s Sochi accommodated around one million tourists in the 2017-18 season, which is roughly the same as the previous year, Sochi Mayor Anatoly Pakhomov said. According to the mayor, Sochi turned into a modern alpine resort thanks to the 2014 Olympics....

Modified: 18.05.2018
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Russia increases White Chocolate Imports

Russia imported white chocolate to $16.3m in 2017 — $1m up from the previous year and a $6m leap on 2015. Russia’s key suppliers of white chocolate are Germany (which accounted for 29% of Russian imports), Belgium (23%), the United Kingdom (14%),...

Modified: 18.05.2018
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US companies are free to decide whether to go to SPIEF or not — US State Department

The US government's position is that the US private business is free to decide whether or not to participate in the forthcoming St. Petersburg International Economic Forum (SPIEF), a representative of the US State Department said. When asked whether the Trump administration abandoned the previous US policy to discourage American companies from attending the St. Petersburg Economic Forum, he said: "We have an open dialogue with the business community, and ultimately companies are free to make...

Modified: 18.05.2018
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Kurgan Region’s Exports

According to the Russian Federal Customs Service’s official statistics, Kurgan Region in South-Western Siberia exported to $111m in 2016 — a 46% slump on the previous year. Kurgan’s exports are: secret code products (15% of the region’s total exports); pharmaceuticals ...

Modified: 17.05.2018
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Mongolia welcomes Russian investors in its market

Mongolia is waiting for Russian investors in its market, in particular in energy sector, the country’s Foreign Minister DamdinTsogtbaatar said at a meeting with his Russian counterpart Sergey Lavrov. "We are waiting for Russian investors in Mongolia. For the Russian ...

Modified: 17.05.2018
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Russian Vacuum Cleaner Imports Show Steady Growth

Russia’s vacuum cleaner imports showed steady growth over the past three years: its imports stood at $316m in 2017 — $72m (or 29%) more than in 2016. Russia’s largest suppliers of vacuum cleaners in 2017 were China which accounted for 33% of the ...

Modified: 17.05.2018
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Russia’s grain export to China first time above 1 mln tonnes

Exports of the Russian grain to China reached a record-breaking level in this agricultural year and is above 1 mln tonnes first time. According to the Argus Phyto system, 1.23 mln tonnes of grain were supplied to the China market from July 1, 2017 to May 15 of this ...

Modified: 17.05.2018
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Rosneft starts drilling production well in Vietnam

Rosneft Vietnam B.V. (a subsidiary of Russian state oil company Rosneft) has started drilling a production well at the Lan Do field in the offshore zone of Vietnam, the oil company said in a statement. "Target depth of the well is about 1,200 m along the well bore, sea depth at the ...

Modified: 16.05.2018
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Russia wants to supply grain, pork, fish to Ecuador

Russia has unveiled intension to expand the list of export items for Ecuador, particularly, grain, pork and fish, the veterinary and phytosanitary watchdog said in a statement following the meeting of the Russian-Ecuadoran intergovernmental commission....

Modified: 15.05.2018
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Gazprom to invest about $1.3 bln in geological exploration in 2018

Gazprom holding invests about $1.3 bln in geological exploration this year, Vsevolod Cherepanov, a member of the holding's management board said. "As for 2018, the parameters are approximately comparable (with the indicators of 2017) - about 83 billion rubles," he said. Cherepanov also noted that last year the holding's investments in geological exploration amounted to $1.4 bln. Source:  www.tass.com

Modified: 15.05.2018
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Russia’s trade with Egypt to be up from $6bln to $10bln in 2018

Trade between Russia and Egypt may go up to ten billion US dollars in 2018, chairman of the Russia-Egyptian Business Council under the Russian Chamber of Commerce and Industry, Mikhail Orlov, said. "Trade is growing dramatically <…> It was about ...

Modified: 14.05.2018
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