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    Opportunities For Asian Suppliers As Russia Considers Cancelling Beef And Pork Import Duties For 2022

    Import Tariffs of 25% to be Skewered Russia’s authorities are reportedly discussing abolishing import duties on pork and beef to tame the upward price rally on the domestic red meat market. This is of special interest to Asian countries such as India, the world’s fourth largest exporter of beef, and to China, Thailand and Vietnam,[…..]

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    IKEA to Beat “The Way to Communism” and to Invest US$2.1 BLN in its Russian Malls

    By Marina Romanova The Supreme Court of Russia has affirmed the lower court’s ruling rejecting a claim of an agricultural enterprise, former collective farm “The Way to Communism”, which demanded to demolish two 15 store’s buildings of the “Khimky” business park, belonging to Swedish furniture retailer. Thus the court has settled the claim of IKEA,[…..]

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    EU to roll over Crimea ban for another year

    By Marina Romanova The European Union decided last Friday to prolong the ban for a year on business dealings with the Black Sea peninsula of Crimea, which was annexed by Russia from Ukraine in March, 2014. The sanctions are prohibit imports and export of certain products from the region, any investment there or cooperation in tourism[…..]

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    Russia’s diamond miner to start new kimberlite pipe and plug state budget holes

    By Marina Romanova Russian diamond miner Alrosa PJSC has announced the start of the development of Zarya kimberlite pipe, a new deposit in its Aikhal Mining and Processing Division (MPD) located in Mirny District of Russian Republic of Sakha. The initial investment estimated by the company to approximately US $150 million. The announcement came along with the news[…..]

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    Regulator to approve acquisition of 13.3 percent of Siberian Bystrinsky GOK by Chinese Investors

    By Marina Romanova Government Commission on Monitoring Foreign Investments has approved long anticipated acquisition of 13.3 percent of Bystrinsky copper-gold-iron development project by Chinese Highland Fund, www.finmarket.ru quoted Igor Artemyev, head of the Russian Federal Antimonopoly Service, as saying. Last December, China’s Highland Fund, consortium established by prominent Chinese investment funds and corporations, has agreed[…..]

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    Russia to reduce its reliance on Boeing and Airbus with new passenger jet

    By Marina Romanova Siberian Irkut Corp. assembling plant, part of the Russian state-run United Aircraft Corporation, rollout a new mid-range passenger jet MC-21-300 this Wednesday in corporation’s home city of Irkutsk, corporation press release said. The much-anticipated new aircraft was named as a successor to the Tu-154, the legendary Soviet-era trusty beast which had faithfully served then[…..]

Showing 6 of 6 articles