The import duty on food products will be canceled for six months by the Council of the Eurasian Economic Commission (EEC). This was reported on March 18 by the press service of the EEC trade bloc.
“The decision, in particular, concerns animal and dairy products, vegetables, sunflower seeds, juices, sugars, cocoa powder, amino acids, starches, enzymes and other food products,” the message says.
In addition, duties on goods for the production of pharmaceutical, metallurgical and electronic products will be canceled within six months. Goods used for the development of digital technologies, and goods for the production of light industry products, as well as goods.
Read more...
.webp)
Deliveries of products to Russian retail chains are carried out without interruption, sufficient stocks of products have been formed in warehouses and distribution centers. This was announced by the Minister of Agriculture of the Russian Federation Dmitry Patrushev on the air of the Russia-24 TV channel.
“I note that sufficient stocks of products have been formed in warehouses and distribution centers, and supplies to retail chains are going without interruptions,” the minister said.
The head of the Ministry of Agriculture pointed out that domestic producers know how to work in a rush, a similar situation was observed in 2020, at the beginning.
Read more...
According to the statement made by CEO of the Russian Poultry Union Galina Bobyleva at MAP Russia & VIV 2022, Russian poultry farms will be fully supplied with domestic crossbreed “Smena-9” in the upcoming 1,5-2 years.
“We are capable of fully replacing poultry breeding stocks within 1,5-2 years. All we need is the money for raising chickens, then there won’t be any problems,” said Galina Bobyleva, and added that the positive funding decision for this program has already been taken.
About 5-7% of Russian poultry production is currently covered by domestic crossbreed. And in terms of productivity Russian breed is no worse than the.
Read more...
The launch of the military operation in Ukraine has drawn the ire of the US and its allies, who have hit Russia with unprecedented sanctions in order to destabilize the country’s economy and pressure Moscow into ending the conflict.
Among the many penalties imposed on the country over the past month, its financial system, energy exports, and forex reserves have been targeted. However, hard times call for prompt response measures, and Russia has come up with a few.
National payment system Mir takes over for SWIFT
Major Russian banks have been cut off from the SWIFT global financial messaging system, effectively denying them access to international.
Read more...
Concerning Russia-ASEAN trade, as of now major banks (Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, VEB, VTB, Sberbank) have suspended remittances between Russia and Singapore in view of the sanctions imposed by the west on the use of the SWIFT system on remittances to or from Russia. This has made it practically very difficult for Russian businesses to establish accounts in Singapore, which acts as a regional financial hub for the ASEAN region.
ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam, and is a major Free Trade Area of about 600 million consumers, a GDP of just over US$3.
Read more...
Perhaps the most noticeable impact of the conflict in Ukraine, at least initially, is market volatility. Uncertainty equals price volatility. The crisis over Ukraine presents markets with a significant degree of uncertainty. As new information arrives, markets incorporate it into prices. What we know today is different from what we will know tomorrow, next week, next month, etc. Markets are trying to work through thatinformation.
Volatility makes it harder to manage price risk. I have been asked several times about what producers should do to manage the price swings that we are currently observing. Scenarios like this one are why we use price risk management tools. This.
Read more...
Western sanctions are a blow to Russia, but they also hurt the entire global economy, Russian President Vladimir Putin said during a government meeting on Wednesday.“As their weapons, [Western states] choose economic, financial, trade and other sanctions against Russia. They are now backfiring on the Europeans and Americans through rising prices for gasoline, energy, food, and job losses associated with the Russian market,”said Putin.
He noted that the current situation is a lesson for Russian entrepreneurs, who should learn to choose partners wisely and keep in mind that“there is nothing more reliable than investments at home.”
“We see.
Read more...
Concerning Russia-India bilateral trade, as of now major banks (Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, VEB, VTB, Sberbank) in India have suspended remittances between Russia and India in view of the sanctions imposed by the west on the use of the SWIFT system on remittances to or from Russia.
However, India is working on a mechanism to facilitate trade with Russia using local currencies, that is a Ruble/Rupee trade.The Government of India is discussing how trade can be settled in Rubles and Rupees as Indian exporters are awaiting payments of millions of US dollars that have been frozen after sanctions were imposed on Russian banks. It.
Read more...
Russia has extended the number of companies from which it no longer will obtain poultry meat or pork. In total around 70 companies have their name on a black list.
Meanwhile the import ban on poultry meat and pork is costing more than €100 million, EU administrators said.
Companies involved come from Germany, France, Denmark, Italy, Spain, Belgium and Hungary. Meat from these suppliers is supposed not to match hygiene criteria regarding salmonella and residues.
The European commission is deeply concerned about this development and the issue has been high on the agenda. According to European authorities there is nothing wrong with meat from the.
Read more...
© Inline LLC 2015-2024. Privacy Policy | Terms of Service
