Tag supply

Bloomberg: Russia Can Create Reference Grade Oil by Next Year

According to Bloomberg, next year Russia may create a reference grade of oil, which will be a response to the West’s intention to introduce marginal prices for Russian oil and thus limit Russia’s oil revenues.  Russia intends to create its own benchmark grade of oil by 2023, Bloomberg reported, citing sources and documents received. According

Russian Foreign Ministry Admits Risks Increase of Direct Conflict With US

USA arming Ukraine with heavier weapons increases the risk of direct US-Russia confrontation, regardless of American statements about mitigating such a possibility, according to the Russian Deputy Foreign Minister, Sergey Ryabkov, on Wednesday, June 1, 2022.   The diplomat was commenting on the news that the US has decided to supply HIMARS (High Mobility Artillery Rocket

Trading | Business  | 26.05.22

Iran Expressed Readiness to Supply Goods to Russia

Iran is ready to saturate the Russian market with the necessary goods, from building materials to high-tech products, as said by the Head of the Russian Export Center Veronika Nikishina.   “The Iranian partners are ready to negotiate with Russian entrepreneurs and supply a lot of their goods — from construction and finishing materials to serious

Trading | Business  | 29.04.22

Foreign Pharmaceutical Manufacturers Decided to Keep Supplying Medicines to Russia

No foreign drug manufacturer has refused to supply drugs to Russia, according to the press service of the Federal Service for Healthcare Supervision (Roszdravnadzor) on Thursday, April 28, 2022.  “The largest distributors of the country assured that as of April 27, 2022, none of the foreign manufacturers announced the termination of the supply of pharmaceuticals

Europe Needs Sunflower Oil Just as Much as Turkey Does

Turkish consumers fight and stampede in local supermarkets to buy sunflower for oil due to sudden shortages. This might seem ridiculous: Turkey is a candidate for EU membership, and in some respects it fits the bill perfectly. However, it is also true that the social fabric and disposition in the country is largely Middle Eastern

Russia International | Trading  | 02.02.22

Russian Energy Supplies to China Reached Record Level

The Chinese gas market is currently the most promising one, so during the talks between Russian President Vladimir Putin and Chinese President Xi Jinping special attention will be paid to this issue, as stated by the President’s Assistant Yuri Ushakov. He also said that energy supplies from Russia to China have reached record volumes.  According

Gazprom Sets New Record for Gas Supplies to China

The ‘Gazprom’ Russian multinational energy company set a historic record for daily deliveries of Russian gas to China via the Power of Siberia pipeline On December 23. The company also stressed that gas supplies to consumers in Europe are carried out in full, in accordance with the current contractual obligations.   “On December 23, a historic

Recommended  | 04.10.21

Europe Asked Russia for More Coal But Has to Get in Line

Europe, which is experiencing a shortage of natural gas, asked Russia for more coal, Bloomberg reports. According to the experts, electricity producers are forced to do this to ease the energy crisis before the winter, even though in recent years, the EU has been abandoning coal in order to make electricity production environmentally friendly.   The

Russia Concluded Long-Term Contract on Gas Supply With Hungary

Hungary and Russia have agreed on a long-term gas deal, Kommersant reports with reference to Bloomberg citing Hungarian Foreign Minister Peter Szijjarto. Szijjarto discussed gas deliveries to Hungary during a meeting with the Gazprom Head, Alexey Miller, in Saint Petersburg on 30 August.   It is noted that the Hungarian minister expressed Budapest’s readiness to purchase

Business | Industry  | 16.08.21

Ministry of Energy: Russia is Fully Provided With Fuel

The production of petroleum products at Russian enterprises is sufficient to fully meet the domestic demand for fuel, as stated by the Head of the Russian Ministry of Energy, Nikolai Shulginov, RIA Novosti reports.  “The production of petroleum products at the refineries is sufficient to fully meet the current demand for fuel, taking into account

Russia International | Trading  | 11.08.21

Russia Became Second-Largest Oil Exporter to USA

Russia overtook Mexico and became the second-largest exporter of oil and oil products to the United States, Forbes.ru reports. According to the data provided by the US Energy Information Administration, in May of this year, Russia set a record for the volume of energy resources sent for the entire period of supply.   According to the