Soaring grain prices in the wake of the conflict around Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers may be an opportunity to boost Brazil's share in global trade, industry sources said.
Russia and Ukraine together account for about 29% of global wheat exports and 19% of corn exports, both of which can be used as livestock feed,reported Reuters.
Depending on how the situation plays out, the conflict may also lead to Brazil accessing markets served by competitors. According to the sources, one potential development is Europe scrapping a ban on several Brazilian meatpackers imposed in 2018 after.
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On March 4, Vice-President of the Chamber of Commerce and Industry of the Russian Federation Vladimir Padalko took part in a meeting organized by the Ministry of Economic Development on financial and non-financial support for Russian organizations and companies to enter African markets.
The Vice President of the Chamber outlined the main measures of such support, which, in the opinion of the Chamber of Commerce and Industry of the Russian Federation, will allow Russian participants in foreign economic activity to adapt to the new working conditions in foreign markets, despite the sanctions of Western countries. During the meeting, its participants emphasized the.
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As reported on the website of the Cabinet of Ministers, Mikhail Mishustin, the Prime-Minister of Russia, have signed a resolution on repayment holidays and soft loan terms extensions for farmers.
The Russian Farmers were given the opportunity of semi-annual payment extension of their soft loans expiring in 2022.
It is specified, that this only refers to payments falling due from March 1, 2022 to May 31, 2022. “If the repayment holiday is approved by the bank, a six-month extension can be granted,” claims the government.
The short-term soft loans, that come due in 2022, can also be extended by a period of one year.
It is noted that Russian farmers.
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Turkey could use ruble to carry out trade with Russia, Turkish TV channel A Haber reported on Monday, quoting President Recep Tayyip Erdogan.
Ankara and Moscow can use the“dollar, euro, ruble, gold and yuan in trade,”Erdogan said in an hour-long telephone conversation with his Russian counterpart Vladimir Putin, according to the TV channel.
Putin and Erdogan discussed the situation in Ukraine and the economic fallout of the sweeping sanctions imposed on Russia by the EU, the US and a number of other nations.
Erdogan reiterated the importance of maintaining contact with Moscow. Putin, in turn, said he would instruct the 30 ships carrying sunflower oil and.
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Ignoring what in Asia is generally seen as a US / European conflict, both India and Pakistan are finding ways to develop bilateral trade with Russia. Both are keen to continue Free Trade negotiations with the Eurasian Economic Union, which includes Russia as well as Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
India is actively looking at non-US dollar payments for continuing and developing Russian trade, including mechanisms it uses to trade and settle payments with Iran. Third country banks are used for this purpose. Another option under consideration is the mechanism used to repay Russian debt through a rupee auction held by the Russian central bank. The repayment is.
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The Russian Government has approved on Monday a list of foreign states and territories that are deemed to have committed unfriendly actions against Russia, its companies, and citizens.
The list includes the United States and Canada, all of the European Union states, the United Kingdom, (including Jersey, Anguilla, the British Virgin Islands, Gibraltar), Ukraine, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, and North Macedonia. In Asia, the list includes Japan, South Korea, Australia, Micronesia, New Zealand, Singapore, and Taiwan (considered a territory of China, but ruled by its own administration since 1949).
There.
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Support for businesses, the retired, students, pharmaceuticals and asset valuations
Russian President Vladimir Putin has signed a bill providing numerous economic and social support measures amid international sanctions into law.
The law allows the government to raise non-contributory pensions, pension points and the fixed pension payment during 2022, and specifies the procedure for establishing the subsistence minimum and the minimal wage in Russia.
It also liberalizes the procurement of drugs and medical goods in the domestic market, introduces special rules for drug registration, allows the government to adjust terms of pharmaceutical licensing, and envisages.
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Sales in Russia last year amounted to 55 million euros
Dairy cooperative Arla Foods said on Monday it would suspend its business in Russia after the country's invasion of Ukraine,reported Reuters.
This would include imports to Russia and local operations in the country, where Arla operates one dairy and employs 70 people, it said in a statement.
"The impact and consequences of Russia's invasion of Ukraine are tragic ... We are now taking action to suspend our operations in Russia," Chief Executive Peder Tuborgh said.
Arla, owned by more than 9,400 farmers in Denmark, Britain, Sweden, Germany, Belgium, Luxemburg and the Netherlands, had sales of.
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The state news agency TASS reported Russia’s Ministry of Industry and Trade has called for a temporary halt to shipments of fertilisers from the country.The ministry has reportedly pointed to the moves by some international logistics companies to pause services to and from Russian ports.
According to TASS, the ministry has proposed a halt “until normal transportation is resumed and supplies are guaranteed”.
Russia is a major producer and exporter of fertilisers. According to the agri analytics group Gro Intelligence, Russia is the world’s largest exporter of nitrogen fertilisers.
In recent months, a global shortage of nitrogen fertiliser.
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Vladimir Padalko, Vice President of the Russian Chamber of Commerce and Industry, spoke about the desire to preserve and not lose the accumulated Russian-American ties in business despite high geopolitical turbulence. He made these remarks on March 2 at the meeting with the President of the American Chamber of Commerce in Russia (AmCham Russia)Robert Agee.
While a number of large Western investors have decided to leave Russia, one should not panic and think about the future, said the Vice President of the Chamber. Between the chambers of commerce, there is an understanding if all ties are destroyed overnight, it will be very difficult to restore them, and it is now.
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