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In 2017 the trade between Germany and Russia grew by 19.5%.

Anton Kobyakov, Adviser to the President of the Russian Federation, met in Moscow with Klaus Mangold, Chairman of the Supervisory Board of TUI, former Chairman of the German Committee on Eastern European Economic Relations. During the meeting they discussed the cooperation priorities between Russian ...

Modified: 14.05.2018
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Sberbank reiterates plans to test Islamic banking in Russiaís republic of Tatarstan

Russiaís largest savings bank Sberbank wants to set up a testing site on the base of the bank of Russia in the republic of Tatarstan to develop Islamic banking, Bekhnam Gurban-Zade, adviser of the Deputy CEO of Sberbank said. Speaking on the sidelines ...

Modified: 14.05.2018
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Russia launches training program for specialists of Egyptís nuclear industry

Russia has launched a training program for Egyptian specialists, who will work in the countryís nuclear power sector, the Russian Presidentís special envoy for the Middle East and African countries, Deputy Foreign Minister Mikhail Bogdanov said. Speaking ...

Modified: 11.05.2018
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Russia expects budget surplus of 0.45% GDP instead of 1.3% deficit in 2018 ó draft

Russiaís fedral budget may get a surplus of 0.45% of GDP this year instead of previously expected deficit of 1.3% of GDP, according to this yearís amended draft federal budget for 2018. The 2018 budget surplus may amount to 440.6 billion rubles, instead ...

Modified: 11.05.2018
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Eurasian Economic Union to sign trade, economic agreements with China, Iran in Astana

The Eurasian Economic Union (EAEU) will sign an agreement on trade and economic cooperation with China and a provisional agreement on free trade zone formation with Iran on May 17 in Astana, acting Presidential Aide Yuri Ushakov said. "An agreement on trade and economic cooperation with China and a provisional agreement on formation of a free trade zone with Iran are planned to be signed next week in Astana," he said. According to Ushakov, free trade zones formation and preferential agreements...

Modified: 11.05.2018
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'Building a Trust Economy' is the key theme of the SPIEF 2018

Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe and IMF Managing Director Christine Lagarde will attend the plenary session of the St. Petersburg International Economic Forum 2018. John Micklethwait,...

Modified: 10.05.2018
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Russia's VTB may provide loans to Qatari fund for Rosneft shares purchase

Russiaís second-biggest lender VTB may provide loans to Qatarís sovereign fund QIA for purchases of Rosneft shares as part of the transaction with Swiss trader Glencore, Chief Executive Officer Andrey Kostin said. "We are always ready to provide ...

Modified: 10.05.2018
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Trade between China and Russia went up by 27.3% in January-April 2018

The number of positive factors encouraging growth of trade between China and Russia is permanently increasing, spokesman for the Chinese Ministry of Commerce Gao Feng said. "In general, the number of factors having positive impacts on the growth of the Chinese-Russian economy is permanently going up," he said. "In ...

Modified: 10.05.2018
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Russia will not renounce imports of medicines in full

Russia will refrain from renouncing the imports of medicines in full but will increase production of its own pharmaceuticals simultaneously, Acting Prime Minister Dmitry Medvedev said. He voiced the conviction the goal of producing 90% of vital medicines ...

Modified: 10.05.2018
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Russia to remove restrictions on Turkish tomatoes from May 1

Russia is going to allow imports of tomatoes from all Turkish producers from May 1, not only those that were included in the list of earlier approved exporters, the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) ...

Modified: 07.05.2018
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Alrosa mulls buying Russiaís largest producer of polished diamonds

The Supervisory Board of Alrosa company has found the acquisition of 100% of the shares of Kristall Smolensk Diamonds, the largest Russian producer of polished diamonds, feasible, the company said. Kristall is now fully owned by the state. The company will assess the value of the shares and send it to the Federal Property Management Agency and the Finance Ministry. The Supervisory ...

Modified: 07.05.2018
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PM Medvedev urges legislative regulation for certification of Russian exporters

The Russian authorities should legislatively determine the procedure to certify Russian exporters of agricultural products, Russian Prime Minister Dmitry Medvedev said. According to him, the inclusion of the enterprise in the register of exporters will mean ...

Modified: 04.05.2018
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European Commission forecasts acceleration of economic growth in Russia

Russiaís economic growth can reach 1.7% in 2018 versus 1.5% in 2017, the European Commission (EC) reports on Thursday in the annual spring economic outlook. "Going forward, the impact of higher oil prices recirculating throughout the economy is ...

Modified: 04.05.2018
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Swiss delegation to SPIEF 2018 to be led by Finance Minister Ueli Maurer

Anton Kobyakov, Advisor to the President of the Russian Federation, met in Moscow with Yves Rossier, Ambassador of the Swiss Confederation to the Russian Federation. Mr. Kobyakov pointed to the positive trend in the development of Russian-Swiss relations. Indeed, there have been regular political ...

Modified: 03.05.2018
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Russiaís government commission on foreign investment approves deals worth $3 bln

Russiaís government commission on foreign investment has approved transactions worth a total of $3 bln at a meeting on Saturday, Head of the Federal Antimonopoly Service (FAS) Igor Artemyev told. "We have considered deals worth a total of around ...

Modified: 03.05.2018
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Russian Exports to United States in 10 Years: Did Sanctions Affect Them?

Russiaís exports to the United States slid by 12% in 2015 following the introduction of the Western sanctions, while imports dropped by 38%. However, Russian exports to the United States are showing a steady growth after the initial slump: in 2016, ...

Modified: 30.04.2018
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Russian Oil Exports Before and After Western Sanctions

According to official statistics of the Russian Federal Customs Service, Russiaís exports of oil extracted from bituminous minerals (except crude), decreased in 2017 by 24m tons or 10% in physical weight and by $58bn or 50% in value terms from 2014. Dynamics of Russian Oil Exports in 2001/17 ...

Modified: 29.04.2018
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Russian exports to Syria

Russian exports to Syria slumped three times after the beginning of the Syrian civil war to $0.6bn in 2011/12, according to official statistics of the Russian Federal Customs Service. In 2013/14 the drop continued to its low of $0.2bn. The period of ...

Modified: 28.04.2018
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RUSSIA EXPORTS FITNESS MACHINES

RUSSIA EXPORTS FITNESS MACHINES

Modified: 28.04.2018
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Turnover between Russia and China might grow by 19% in 2018 ó Chinese Ministry of Commerce

The trade turnover between Russia and China in 2018 may exceed $100 bln. This year bilateral trade between China and Russia demonstrates a positive trend - in the Q1 it increased by 30%, and, according to our forecasts, in 2018 will exceed the $100 bln mark. The trade turnover ...

Modified: 28.04.2018
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Russia, Japan to discuss bilateral relations at Moscow forum

Russia and Japan will discuss pressing issues concerning the two countriesí trade and economic relations at the fourth bilateral forum dubbed The Points of Convergence. At least 150 Japanese businessmen are expected to take part in the forum. Russia’s ...

Modified: 27.04.2018
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Russia to reduce threshold of duty-free import of parcels below 500 euro

The Russian Government will continue reducing the threshold of duty-free import of parcels below 500 euro in order to make conditions of doing business equal for Russian and foreign online stores, Deputy Minister of Economic Development Oleg Fomichev told ...

Modified: 26.04.2018
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Russia may export up to 52 mln tonnes of grain in 2018 agricultural season ó expert

Russia may export up to 52 mln tonnes of grain in the 2018 agricultural season, including up to 40 mln tonnes of wheat which is a record figure, chief executive of the Institute for Agricultural Market Studies (IKAR) Dmitry Rylko told reporters during ...

Modified: 26.04.2018
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Russian and Indian Businessmen To Meet at SPIEF 2018

Russia Ė India Business Dialogue will take place during the St. Petersburg International Economic Forum in May 2018. The event has been agreed upon during the course of the visit of Maxim Oreshkin, the Minister of Economic Development of the Russian ...

Modified: 25.04.2018
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Azerbaijan plans to triple export to Russia within five years ó minister

Azerbaijan plans to triple exports to Russia within the next five years, the countryís Economy Minister Shahin Mustafayev said following the talks with his Russian counterpart Maxim Oreshkin. "We plan to raise exports of Azerbaijani products to Russia three-fold within the next five ...

Modified: 24.04.2018
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Russia's PM signs agreement on establishing free trade zone between EAEU and Iran

Russian Prime Minister Dmitry Medvedev signed an interim agreement with a term of 4 years that provides for the formation of a free trade area on a limited range of goods between the EAEU and Iran, according to the government website. "The agreement ...

Modified: 24.04.2018
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Russian Far East Exports Less Honey to China in 2017

Russiaís Far Eastern Maritime Territory exported 554 tons of local honey to $1.2million to neighboring China in 2017 ó down by 328 tons or 37% in physical weight and less by $698,000 or 36% in value terms than the previous year (and 43% less than ever ...

Modified: 23.04.2018
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Russiaís US Whisky Imports Reach $45m

Russia imported US food, alcohol and cigarettes to $331.4million in 2017 ó 74% more than the previous year. Imports of tobacco products from the United States reached $75.9m, and liquor, $61.5million. Whiskies, which the Russians imported to $45.8million,...

Modified: 23.04.2018
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Russian, Saudi energy chiefs hash over broad industrial cooperation

Russiaís Energy Minister Alexander Novak met with his Saudi Arabian counterpart Khalid al-Falih prior to the eighth meeting of the monitoring committee of OPEC and non-OPEC nations in Jiddah (Saudi Arabia) to discuss energy collaboration, Russiaís Energy ...

Modified: 21.04.2018
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Brent oil price above $74 per barrel first time from November 27, 2014

The cost of Brent crude oil futures contracts deliverable in June 2018 rose by 1%, to $74.23 per barrel in the course of trading on the ICE Exchange in London, according to its data. The last time this blend’s price hit $74 per barrel was on November 27, 2014. Despite the hike in oil prices, the ruble rate remains low against key global currencies. As of 11:10 Moscow time, the dollar-to-ruble rate on the Moscow Stock Exchange was 60.99 rubles, which is 0.23% up from the closure of the previous...

Modified: 20.04.2018
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Mapping international buyers of Russian agricultural equipment

Exports of Russian-made agricultural machinery and equipment have been growing slowly but steadily in recent years. Russiaís farming machinery has reportedly managed to win 47 international markets so far. The latest data from the country’s Trade Ministry ...

Modified: 19.04.2018
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Number of Yalta International Economic Forumís participants doubles in 2018

The number of the Yalta International Economic Forumís participants will double in 2018, as up to 400 people from 60 countries are expected to take part in the event, Crimean Deputy Prime Minister and Crimea's Envoy to the Russian President Georgy Muradov told. The Fourth Yalta International Economic Forum will take place in Crimea on April 19-21. According to organizers, the event will involve around 3,000 people. Muradov pointed out that almost all European countries ...

Modified: 18.04.2018
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Bilateral Relations Between Russia and Sweden Are Gaining Momentum on the Forum Track Bilateral Relations Between Russia and Sweden Are Gaining Momentum on the Forum Track

Anton Kobyakov, Adviser to the President of the Russian Federation and Peter Ericson, the Ambassador of the Kingdom of Sweden, met in Moscow. During the meeting they discussed the participation of the Swedish delegation in the St. Petersburg International Economic Forum (SPIEF) on 24–26 May ...

Modified: 18.04.2018
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Pskov State University Increases Its International Student Body Thirty Times in Six Years

... foreign students. When the colleges merged into a university, we had about 40 foreign undergraduates. The number increased thirty times over six years; we now have 1,300 students from 45 countries, admitted on various bases: · there are ethnic Russian nationals of other countries, including CIS countries, who identify themselves as Russians and enroll on the same terms as Russian citizens. We have quite a few of these, although they do not form a majority; ∑ there are students enrolling under ...

Modified: 18.04.2018
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Murmansk Region Leading Fertilizer Exporter

Murmansk Region in the North of European Russia exported 455.000 tons of mineral fertilizers to $115.5million in the first quarter of 2018 and became the leader in fertilizer exports, accounting for 28% of the national total. Murmansk exports two types of chemical fertilizers: one type containing ...

Modified: 18.04.2018
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Russia, Iran can extend oil supplies agreement for 5 years

The Russian Energy Ministry is working with Iran on extension of the agreement on oil supplies to Russia under the oil-for-goods program for five years, Minister Alexander Novak told. "The first supply has already been completed, the next ones are arranged....

Modified: 18.04.2018
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Astrakhan Increases Caviar Exports

... Astrakhan caviar in 2017 was neighboring Kazakhstan which imported 187 kilograms of Astrakhan malossol to $106,800, or 53.5%. The other large importer of Astrakhan caviar is traditionally the United States which imported 145 kg to $46,800, or 23.4%. Russia’s overall exports of sturgeon caviar in 2018 amounted to 7,249 kilograms to $2.4million — 11% up from the previous year in value terms and 1% down in physical terms.

Modified: 18.04.2018
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General director of Renault in Romania will become president of Russiaís Avtovaz

The general director of Renault in Romania, Yves Karakatzanis, will take up the post of president of AvtoVAZ from June 1, 2018. That is according to a statement by Alliance Rostec Auto BV, the key shareholder of the Russian automaker (61.1% owned by Renault, 38.9% by Russian state corporation Rostec). The current President of Avtovaz Nicolas Maure will focus on the duties of the senior vice president of Renault and the head of the Eurasia region, as well as the ...

Modified: 17.04.2018
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Russia discusses prospects for building nuclear power plants with Saudi Arabia, Uzbekistan

Russiaís state nuclear corporation Rosatom is discussing with Saudi Arabia and Uzbekistan the possibility of building nuclear power plants in these countries. "We are working on it with Saudi Arabia, with Uzbekistan," head of Rosatom Alexei ...

Modified: 16.04.2018
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Russian Yogurt Export Leaders

According to trade statistics, 25 constituent regions of the Russian Federation exported yogurt last year. The leader was Moscow Region which exported to $12.3million — 62% of total Russian yogurt exports in 2017 (which stood at $19.9million, up 4% from the previous year), followed, by a large margin, by ...

Modified: 14.04.2018
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Tomsk Boosts Beer Exports

...,000), Mongolia (1%, $17,000), and, surprisingly, Germany, with it large ex-Soviet community of German repatriates from Siberia (including Tomsk Region) and Kazakhstan, who drank Tomsk malt beer to $5,000. Tomsk Region is the eleventh on the list of Russian malt beer importers. The 2017 top five were St. Petersburg, which exported to $44million, Moscow ($26.8m), Moscow Region ($9.846m), Krasnodar Territory ($8.973m) and Lipetsk Region ($6.371m), together accounting for three quarters (74%) of all ...

Modified: 13.04.2018
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EXPORTS OF RUSSIAN HONEY

Modified: 13.04.2018
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Top Five Russian Imports in January 2018

The leading Russian imports in January 2018 were mobile phones: Russia imported mobiles to $523million ó a 82% leap on last year. Phones were followed by pharmaceuticals ($394million, up 5% from January 2017), and aluminum oxide ($151million, a 45% increase on last ...

Modified: 13.04.2018
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Moscow, Beijing outline cooperation plans for Russian Far East

Representatives of the Far Eastern region of Russia and Chinese business circles at the Boao Forum for Asia have identified at least two areas for cooperation in the coming years - real estate on Russky Island in Vladivostok, as well as blockchain technology, CEO of the Far East Development Fund ...

Modified: 12.04.2018
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Investments in Murmansk Regionís mining industry to exceed $1.57 bln

The total investments in the Murmansk Regionís mining industries to 2022 may make more than $1.57 bln. "We have the biggest investment programs from the mining companies in the Murmansk Region to 2022," the region’s Deputy Governor Alexei Tukavin told' According to the deputy governor, the mining companies account for about 25% of the Murmansk Gross Regional Product. In 2017, the companiesí production was worth $2.51 billion, showing an 8-percent growth year-on-year. Those companies...

Modified: 12.04.2018
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Russia's Yakutia brands: from birch tableware to ritual cups

Birch tableware, jewelry, brideís dress, ancient rock paintings on the Lena Pillars, ritual cups - called chorons, and other objects of the local cultural heritage are among Yakutiaís suggested brands. A group of experts from the Center for the Yakut people’s non-material cultural heritage is working on a special list of cultural heritage objects, which will be branded. Experts say the unique centuries-long Yakut traditions and technologies may be lost in the industrial production, including...

Modified: 12.04.2018
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SPIEF 2018 to Discuss New Areas of Cooperation with BRICS

... During the event, the experts will share best practices and discuss new opportunities for implementing joint projects both in the BRICS countries and on the African continent. Sergey Katyrin, the President of the Chamber of Commerce and Industry of the Russian Federation will moderate the session. “The paramount task for BRICS is to continue strengthening efforts aimed at solving international issues in the spirit of unity, mutual understanding and trust. The prospects for cooperation and joint ...

Modified: 10.04.2018
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Russia aims to boost gold reserves, increase sales to India and China

An arm of Russia's largest lender, Sberbank CIB, plans to more than double its gold sales to India this year and sell more of the precious metal than forecast to China, its head of global markets Andrey Shemetov told Reuters. Trade with China is more active this ...

Modified: 09.04.2018
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Construction of BMW plant in Kaliningrad may start this year - governor

German carmaker BMW Group may start the construction of a full cycle plant in Russiaís Kaliningrad region before the end of 2018. At the end of March 2017, BMW announced plans to make a final decision on the construction of a plant of complete production cycle in Kaliningrad. It was planned that by June the terms of a special ...

Modified: 09.04.2018
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Africa delegation to take part in SPIEF-2018

The St. Petersburg International Economic Forum 2018 business programme will include the Russia Ė Africa Business Dialogue. The session has been successfully hosted by SPIEF for the last two years. Russia – Africa Business Dialogue has generated interest among Russian and African businesses, international companies and African governments ...

Modified: 06.04.2018
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18.04.2018 Pskov State University Increases Its International Student Body Thirty...

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