You searched for "russia" (10 results found)

Russia-Azerbaijan Trade Turnover Hits $3bn

  • 20 Jan 10:38

Russia-Azerbaijan Trade Turnover Hits $3bn The trade turnover between Azerbaijan and Russia increased by 18.5 percent in 2019 year-on-year to reach $3.022 billion, the State Customs Committeetoldlocal media. The country now accounts for 50 percent of Russia’s trade with the South Caucasus region, the customs agency said. According to data provided by theState Customs Committee, the share of trade operations with Russia accounted for 9.07% of Azerbaijan’s total foreign trade turnover in 2019. During the reporting period, the volume of export of Azerbaijani products to Russia amounted to $731.8 million (a 9.9% increase), while Russia exported products worth $2.29 billion to Azerbaijan. This is. Read more...

World Bank Trims Forecast for Russia’s GDP Growth in 2020

  • 13 Jan 10:25

World Bank Trims Forecast for Russia’s GDP Growth in 2020 TheWorld Banksaid in its latest forecast Wednesday that the Russian economy is expected to grow by 1.6% in 2020 and by 1.8% in 2021, slightly less than the multilateral development bank previously expected,The Moscow Timesreports. The report puts the growth of Russia’s GDP this year at 0.1 percentage points lower from its previous outlook but kept its 2021 forecast intact. Russia’s growth is expected to receive support from stable oil production and the government’s $400 billion national investment program fueled by last year’s value-added tax (VAT) hike, the World Bank said. “Nevertheless, private investment remains tepid in the. Read more...

Growth path for the Russian poultry industry

  • 30 Dec 11:09

Growth path for the Russian poultry industry International trade restrictions put in place by the international community in 2014 had a detrimental effect on Russian poultry imports. However, as a result the industry focused on increasing self-sufficiency. Sergey Lakhtyukhov, director general of the Russian Union of Poultry Producers says his industry is now geared for international growth. Russia has long struggled to increase self-sufficiency to meet its national poultry consumption demand. Now that problem has been tackled, what’s next? “Yes, we have managed to become self-sufficient in poultrymeat, even though we are only 12th in the world in terms of poultrymeat consumption per capita. Today,. Read more...

Hong Kong has allowed imports of Russian poultry

  • 22 Nov 08:59

Hong Kong has allowed imports of Russian poultry Hong Kong has allowed imports of Russian poultry from all of Russia's regions, Russia's food safety watchdog said on Tuesday. The watchdog said in a statement that 20 Russian producers currently had the right to supply their. Read more...

Genesus Global Market Report: Russia - November 2019

  • 19 Nov 11:13

Genesus Global Market Report: Russia - November 2019 The pig price in Russia has fallen to 92 Roubles ($1.43) per live kg. Half carcasses are selling for 140 Roubles ($2.19) meaning a margin of 1,436 Roubles ($22.4) for slaughter plants. For the large integrated producers margins are still good, although lower than over the past few years. December, January and February are the months where in Russia the price is lowest. For the higher cost producers, the winter is not looking good! New farms continue to be built and stocked and consumer spending pretty static. Increasing supply and no change in demand means generally lower prices. That is unless anything major, like Russian pork being. Read more...

Russia, China and EAEU States Support Open Trade Policy

  • 28 Oct 10:47

Russia, China and EAEU States Support Open Trade Policy Russia, China and Eurasian Economic Union (EAEU) member states support the policy of free and predictable trade, a joint statement on the agreement on trade-economic cooperation between the EAEU and China informs, TASSreported. “We express our commitment to open, steady and predictable trade policy, which supposes inclusive participation of all interested partners on a non-discriminatory basis. We announce that the agreement on trade-economic cooperation between the Eurasian Economic Union and the People’s Republic of China has entered into force,” the statement informs. The sides also noted that the agreement would facilitate the development. Read more...

Russia in Total Domination of Trade Within EAEU

  • 25 Oct 10:57

Russia in Total Domination of Trade Within EAEU Russia accounted for 96.9% of all trade within the Eurasian Economic Union (EAEU) in 2018, with trade among the four smaller countries accounting for the remaining 3.1%,Eurasianetwrites. In comparison, the largest nation in the bloc in 2000 accounted for 98.6% of trade between the five countries that would one day form the EAEU. 19 years ago, the total volume of trade between these countries was worth $14.1 billion. Of this, turnover between Russia and the four other members stood at $13.9 billion. The total value of trade within the bloc rose steadily over the next decade or so, reaching a peak of $73.1 billion in 2012. Then the 2014-16 regional slowdown (driven by. Read more...

Lower Exports Hinder Russia’s Economic Growth in 2Q19: Analysts

  • 7 Oct 10:39

Lower Exports Hinder Russia’s Economic Growth in 2Q19: Analysts A decrease in exports was the main drag on Russia’s GDP growth in the second quarter of this year, as it deepened from -0.4% YoY in 1Q19 to -4.9% YoY in 2Q19, analysts comment after official data on the structure of Russia’s economy was published earlier this week. The drop in exports was a result of lower global demand for metals, Russia’s OPEC+ commitments and the temporary halt in oil exports via the Druzhba (Friendship) pipeline. Deterioration of net exports caused by external or temporary factors (not fiscal or monetary policies), knocked off 1.7 percentage points from the 2Q19 GDP growth rate,INGsaid. Rosstat previouslyestimatedRussia’s GDP. Read more...

Sberbank Exec Says Russia Ready for More Ruble-yuan Trade with China

  • 16 Sep 11:11

Sberbank Exec Says Russia Ready for More Ruble-yuan Trade with China A senior representative of Russia’s top bank,Sberbank, has said his country is ready to expand the use of national currencies in settlements as well as boost cooperation in trade and investment with Chinese partners,Xinhuareports. In an interview with the Chinese news agency, Anatoly Popov, Deputy Chairman of Sberbank’s Executive Board, said the expansion of the use of national currencies in bilateral settlements is an integral step in the further development of bilateral relations between Russia and China. “In the current international situation, settlements in rubles and yuans between Russian and Chinese companies can guarantee the. Read more...

China and Russia to agree on trade increase

  • 12 Sep 10:07

China and Russia to agree on trade increase During the visit of the Premier of the State Council of the People's Republic of China Li Keqiang to Russia, the two countries plan to sign an agreement on joint measures to stimulate the goods turnover.According to the vice foreign minister of China Le Yucheng, the parties will create a roadmap that will help to achieve the $200 billion target by 2024. Li Keqiang’s trip is scheduled for September 16–18. The official is expected to visit the 24th meeting of Russian. Read more...