The current level of inflation in Russia is unacceptable, and the authorities are taking vigorous measures to return this indicator to the target values. This was announced to journalists on Wednesday by Press secretary of the President of the Russian Federation Dmitry Peskov.
He noted that the situation in the economy is under pressure due to "external and internal factors, primarily inflationary ones, which led inflation" to the current indicators.
‘This level is not acceptable for anyone, therefore, vigorous measures are being taken to minimize the negative impact of these pressure factors and to return inflation to target indicators,’.
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Increasing ties will have significant regional trade impact from India to Azerbaijan
Russian President Vladimir Putin discussed the development of bilateral economic relations and international cooperation with Iranian President Ebrahim Raisi in Moscow yesterday (Wednesday 19 January). Bilateral trade increased by over 38% in 2021 as Iran signed off a Free Trade Agreement with the Eurasian Economic Union. These ties, as well as regional security issues are set to strengthen – Iran has also joined the Shanghai Cooperation Organisation (SCO), now busy inpreserving relative peace and some assistance to Afghanistanwhile the situation there remains fragile. Iran has.
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Cherkizovo Group acquires the 50 % stake in the authorized capital of Tambov Turkey from Grupo Fuertes.
AIC Mikhailovsky, part of Cherkizovo Group, acquired a 50 % stake in the authorized capital of Tambov Turkey from Grupo Fuertes. In exchange for 1,175,000 new shares issued by the Group and valued at RUB 3.6 bn (€41.50 million) during a public offering. As a result, Grupo Fuertes’ stake in the authorized capital of Cherkizovo Group rose from 8.58 % to 11.12 %.
Cherkizovo Group’s consolidation of 100 % in Tambov Turkey was approved by the Federal Antimonopoly Service of Russia in December. The legal advisor.
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Serious delays are interfering with Russia-China cross-border deliveries as new anti-Covid protocols, rapidly growing bilateral trade volumes and insufficient infrastructure are holding up vehicle container deliveries and pickups along the China-Russia border checkpoints.
At the main Manzhouli-Zabaikalsk border in Inner Mongolia, as of yesterday (January 18) Russia’s Ministry of Transport said thatabout 400 tractors and 2.5 thousand road trains(a tractor and a semi-trailer) are backlogged.
Russian logistics companies have stated the problem has been created by new rules for crossing the border creating congestion, established by the Chinese customs due.
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In 2021, the export of agricultural products from Belarus reached a new record, informedMinistry of Agriculture and Food.
Belarusian agricultural export amounted to record 6.5 bln USD in 2021, up 0.7 bln y/y.Particularly, export to the CIS countries (including Russia) increased by 12%, to far abroad countries by 42%.Belarus plans to raise the agricultural export to 7.
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The Russian Federal Customs Service (FCS) has released data that shows for thefirst ten months of 2021, Russia’s total exports reached $388.4 billion, an increase of 42.8% over 2020. This has been due to a number of factors, not least being a Covid recovery, but also soft fundamentals as Russia has actively been seeking new export markets, and especially in Asia.
Russia‘s Top Five Trading Partners were responsible for 86.9% of all trade between January-October last year and were as follows;
China (US$112.4 billion)
Germany (US$46.1 billion)
Netherlands (US$37 billion)
US (US$28.8 billion)
Turkey (US$25.7 billion)
Russia mainly supplies.
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In 2022, the module “Analytics” will be incorporated in the information system Vetmonitor 2.0, which will enable to forecast the spread of animal diseases, told Maksim Uvaidov, the Deputy Minister of Agriculture, to Veterinary Medicine and Life in an interview.
Vetmonitor 2.0 is an information system of the Federal State Budgetary Institution Veterinary Center of the Russian Ministry of Agriculture.
The system collects real-time data on all cases of animal diseases in Russia including ongoing activities, such as vaccinations or diagnostic tests.
Maksim Uvaidov pointed out another predictive analytics tool that could help tackle issues in veterinary.
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On January 12, 2022, Rosselkhoznadzor is introducing a temporary ban on imports of genetic material, meat, milk, non-heat treated meat and dairy products, as well as feed and feed additives from Kazakhstan. The ban is due to an outbreak of foot and mouth disease in Kazakhstan.
Animals susceptible to foot and mouth disease, including cats, dogs, circus and zoo animals are also banned from being imported by the Russian Federation. The transit of animals susceptible to foot and mouth disease through Russia is also prohibited. In addition, the equipment that was used on Kazakh farms and slaughterhouses is banned from being imported by Russia.
Since January 12, 2022, Russia.
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According to Argus system data, in 2021, Russia exported 31 thousand tons of beef. This is almost twice as much as in 2020, when beef exports amounted to 15.9 thousand tons, said the Rosselkhoznadzor press office.
The regulator clarified that China stands as Russia’s biggest customer of beef. 20.1 thousand tons of beef were shipped to China, which is 2.3 times higher than in 2020 (8.7 thousand tons).
Also, among the top three major importers of Russian meat are Kazakhstan (shipped 2.2 thousand tons of products in 2021 compared to 1.05 thousand tons in 2020) and Saudi Arabia (exported 2 thousand tons in 2021 compared to 1.7 thousand tons in 2020).
Overall,.
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The threat of significant sanctions continues to loom for Russia as the United States appears to almost be willing Moscow to invade Ukraine to enable it to do so – and bring the European Union alongside it in cutting Russia adrift from the West.
That will almost certainly mean a full or partial suspension of EU goods marked for Russian consumption – US export trade with Russia being minimal. Talk has also included suspending Russia from the global SWIFT payment system, creating its own – but ultimately recoverable trade problems when dealing with Russia. Moscow has already developed an alternative SPFS system which could be linked with China’s.
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