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Russia and Pakistan Expanding Cooperation in Energy Sector

Russia and Pakistan intend to expand cooperation in the energy sector, Russian Foreign Minister, Sergei Lavrov, said at a meeting with Pakistani Foreign Minister Bilawal Bhutto Zardari.  “Moscow and Islamabad have a mutual desire to increase bilateral cooperation, primarily in the energy sector and other sectors of the economy,” the Head of Russian diplomacy said.

Business |  Trading |  11.01.23

In First January Week Russia Increased Grain Exports Almost Twice

Russia, despite the New Year holidays, continued grain shipments for export and, as follows from the monitoring of the Russian Grain Union, from January 1 to 8, the country’s exports increased almost 1.8 times and exceeded 1 million tons.   As reported, according to the Grain Union, in the first half of the current agricultural year

Business |  Trading |  11.01.23

Experts Named Leaders of Russian Cars Market 2022

According to the results of the sales in 2022, Lada Granta has become the most popular car model in Russia. It was purchased by 87,982 buyers, as reported by the Autostat agency on January 10, 2023.  The second in the list is the Lada Vesta model (32,790 cars), which was the market leader in 2021.

Business |  Industry |  04.01.23

Russia to Limit Disclosure of Oil Exports Information

The Federal Antimonopoly Service (FAS) of Russia has developed a draft government decree on the specifics of disclosure of information by natural monopolies providing services for the transportation of oil and petroleum products through trunk pipelines.  The FAS proposed to temporarily change the procedure and timing of disclosure of information by Transneft. According to the

Business |  Trading |  26.12.22

Russia Increased Food Exports to Friendly Countries by 25% 

Russia has increased food supplies to friendly countries by 25 per cent this year, the Deputy Prime Minister, Victoria Abramchenko, said in an interview with Rossiya 24 TV channel.  “We will continue this work,” Abramchenko said. As Abramchenko stressed, surpluses are sold abroad, and the priority for the industry is the implementation of the doctrine

Business |  Trading |  26.12.22

Russian Officials Eased Law Regulations in Timber Industry

The Russian government decided to make the life of the players of the timber industry sector easier on several issues at once. In particular, it goes about transport subsidies and quotas for the transportation of goods in the direction of China, the rules of transportation through Kazakhstan and the principles of calculating rent for the

Business |  Trading |  23.12.22

Kremlin Put New Restrictions for Gazprom

The decree of Russian President, Vladimir Putin, sets for Gazprom restrictions on the purchase of gas from joint ventures with European companies. However, it is not a response to the ceiling of fuel prices, as explained by the Kremlin Spokesman Dmitry Peskov. According to Peskov, the document concerning Gazprom is a reaction to the actions

Business |  Industry |  22.12.22

Russia Became One of Largest Steel Suppliers to India

In autumn, Russia became one of the largest steel suppliers to the Indian market, although exports were minimal before the sanctions and the European embargo, the Argus agency calculated, based on data from the Indian Ministry of Steel.  In November, Russian companies accounted for more than 10 per cent of Indian imports — 62.7 thousand

Business |  Trading |  21.12.22

Moskvich Crossover Price Reached Almost 2 Million Rubles

The cost of the new Moskvich 3 car will be 1.97 million rubles, according to the carmaker in his Telegram channel.  “The Moskvich 3 urban crossover is the first model that came off the assembly line of the revived production of the Moskvich plant. The new car […] will be presented in five colors: white,

Lancome and Yves Saint Laurent Coming Back to Russia

The Ministry of Industry and Trade of the Russian Federation has banned the parallel import of perfumes and cosmetics of the Lancome, Redken, Yves Saint Laurent, Giorgio Armani, and Kerastase brands, as they are ready to resume deliveries to Russia, according to the Ministry’s press service.   “Yes, these brands are included in the exceptions, and,

Russia Became Largest Oil Supplier to India

In October, Russia became the largest supplier of oil to India, overtaking the traditional leaders in this indicator, Saudi Arabia and Iraq, as specialists of the industry analytical company Vortexa stated.  “In October, Russia supplied India with 946 thousand barrels of oil per day, which is the highest figure for the month, or 22 per