Russia’s Grain Crop to be Damaged by Drought

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Jul. 18 – Russian Agriculture Ministry estimates that some 28.3 million hectares of spring sowing and 16.1 million hectares of winter crops all over the country will be damaged by the current drought. That’s 3.4 percent of the total sown area, according to preliminary estimates on the ministry’s website.

Droughts have hit 16 of Russia’s 83 regional areas this year, the ministry said. It is still affecting nine regions including Rostov, Volgograd, Stavropol and Kalmyk Republic in the country’s south, Saratov, Orenburg in the Volga federal district, Kurgan, Chelyabinsk in the Ural area, and Siberia’s Altai region. Continue reading…

Chinese Investors Look to Develop Russia’s Tourism Sector

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May 24 – Dalian Wanda Group and China Oceanwide Holdings are considering investing in the tourism and infrastructural development of Russia’s Krasnodar region, Dagestan republic, city of Sochi, and Siberian Lake Baikal, but no agreements have been signed.

“We have made initial agreements with local authorities from these towns, so we have made the first step toward investment,” vice president of China Oceanwide Holding Group Tszysin Tsi told reporters after Chinese investors received a guided tour of the Russian regions. Continue reading…

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