With a stroke of a pen on Friday evening Russia joins the World Trade Organisation, something that’s been a long time coming. Experts agree the end of the eighteen year courtship with the WTO will not bring immediate results for Russian economy. Immediately it will seriously hit a number of uncompetitive industries, such as agriculture [...]
Tag: Agriculture
December 16, 2011
October 10, 2011
Kazakhstan, Russia mull grain swap to cut transport costs
Kazakhstan and Russia are discussing grain swap operations to cut transportation costs, the Kazakh agriculture minister said on Monday. This year Kazakhstan is expecting a harvest of 22-23 million tons of grain (net), the largest grain harvest in the past 60 years. It plans to export 10 million tons. “We are proactively cooperating with the [...]
September 23, 2011
The Underline of Russia is Pointing at Increase in Food Production…
As Sveta and I travel to the village of ours in Russia. I always talk with Sveta about the humongous increase in agriculture that I see going on in Russia. It has been a powerful driven force over the 5 years that I have been traveling Russia… MOSCOW, September 23 (Itar-Tass) — Russia may not [...]
September 23, 2011
June 30, 2011
Christine Lagarde takes IMF reigns
Christine Lagarde has been elected by the IMF’s Executive Board to be the fund’s new managing director, filling the vacancy created by the arrest of Dominique Strauss-Kahn. France’s Minister of Economic Affairs, Finances and Industry and a former synchronized swimmer, Lagarde will lead the global rainy day fund for the next five years. As the [...]
June 25, 2011
Mongolian Dependence a Threat
Mongolia’s Sukhbaatar Batbold ULAN BATOR, Mongolia — Mongolia’s growing dependence on neighboring Russia and China for fuel and power poses a major risk to its booming mining sector that investors need to consider, foreign business executives said. Landlocked Mongolia, which hopes to raise some $25 billion over the next five years to build roads, railways and mining towns, imports about 90 percent of its petroleum products from Russia, while [...]
June 25, 2011
Putin Sees Cash-for-Clunker Tractors Program for $125M
The government plans to start a cash-for-clunkers program for farm equipment next year, similar to the incentives it offered for used passenger cars, Prime Minister Vladimir Putin said. The authorities may allocate 3.5 billion rubles ($125 million) for the rebate plan to spur demand, Putin said Thursday in Rostov-on-Don, southern Russia. The prime minister also said grain export might reach 15 million tons in the [...]
June 25, 2011
Mexican foreign secretary to discuss trade relations with Russia
Mexican Foreign Secretary Patricia Espinosa will visit Russia on June 25-29 to discuss trade and economic cooperation, the Russian Foreign Ministry reported. “The visit will take place on an invitation from Russian Foreign Minister Sergei Lavrov and is aimed at further promotion of the Russian-Mexican constructive political dialogue,” ministry spokesman Alexander Lukashevich said. Lukashevich said [...]
June 24, 2011
Mongolian Dependence on Russian Energy Threatens Investment
Mongolia’s Sukhbaatar Batbold ULAN BATOR, Mongolia — Mongolia’s growing dependence on neighboring Russia and China for fuel and power poses a major risk to its booming mining sector that investors need to consider, foreign business executives said. Landlocked Mongolia, which hopes to raise some $25 billion over the next five years to build roads, railways and mining towns, imports about 90 percent of its petroleum products from Russia, while [...]
June 23, 2011
Russia to increase support for agriculture in 2012
The Russian government will increase support for the country’s agriculture by 10 percent in 2012 to 130 billion rubles, Prime Minister Vladimir Putin said on Thursday. “We have decided to increase the allocation in 2012 to 130 billion rubles. We added 12 billion rubles to the initial project,” Putin told a meeting of Russian agrarians. [...]
June 22, 2011
Russian Envoy Sees Role Rebuilding Afghanistan
Afghans constructing a building in Kabul last week. Russia has embarked on a series of projects in Afghanistan. KABUL, Afghanistan — Russia wants to enlarge its presence in Afghanistan and rebuild the country where Soviet troops fought a disastrous decade-long war, Russia’s envoy to Kabul said, describing ties between the two former foes as the best in 20 years. Although Russia has refused to send troops [...]
June 20, 2011
June 15, 2011
Russian grain producers oppose export duties
Russia’s union of grain producers is opposed to the Central Bank’s move to introduce grain export duties as a lever against inflation, the union’s president, Pavel Skurikhin, said on Wednesday. Earlier this month, Central Bank Chairman Sergei Ignatyev proposed temporary floating duties on grain exports to prevent possible inflation after the government lifts on July [...]
June 6, 2011
German bean sprouts blamed for E. coli outbreak
Bean sprouts grown on a farm in Germany’s Lower Saxony could be the source a deadly E. coli outbreak that has killed 22 people, the DPA news agency reported on Monday. Lower Saxony Agriculture Minister Gert Lindemann said on Sunday there was a “very clear trail” leading to a small farm near Uelzen in Lower [...]