Economy

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Moscow allows supplies of Turkish vegetables to Russia

Moscow allows supplies of Turkish vegetables to Russia

Turkish products will be supplied to the Russian market immediately after the politically motivated trade restrictions are lifted, the head of Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) …

Trump#039s Bid to Sell U.S. Reserve Oil Could Temper OPEC Cuts

Trump's Bid to Sell U.S. Reserve Oil Could Temper OPEC Cuts

If you take away the backup supply, you prop up the price of oil

Bijan Zangane: Iran to support any of three options of oil deal

Bijan Zangane: Iran to support any of three options of oil deal

Iran does not see any difficulties in implementing any of the three options under discussion for the extension of the Vienna agreement on oil output cuts, Iranian Oil Minister Bijan Namdar Zanganeh said. "We have …

 Russian-Iranian oil deal finalized

Russian-Iranian oil deal finalized

The oil-for-food deal between  Russia and Iran is done, Iran’s petroleum minister Bijan Namdar Zanganeh said, adding that Iran expects supplies from Russia. "The deal is finalized and being carried out …

World Bank: Russia#039s inflation to decline bellow 4% in 2-3 years

World Bank: Russia's inflation to decline bellow 4% in 2-3 years

The World Bank predicts a decrease of inflation in Russia to less than 4% within 2-3 years. It will be possible due to the prudent policy of the Bank of Russia, the World Bank's Lead Economist for the Russian …

All OPEC members back extension of oil output cut deal, Iran Oil Minister says

All OPEC members back extension of oil output cut deal, Iran Oil Minister says

All members of the Organization of the Petroleum Exporting Countries (OPEC) appear to be supporting the extension of the oil production curtailment agreement, but the timeframe remains the topic for discussion, …

Valery Bessel: OPEC deal must be extended

Valery Bessel: "OPEC deal must be extended"

OPEC meeting will be held in Vienna tomorrow. Extension of the agreement on oil production cuts will be discussed

Turkey limits imports of all Russian agricultural products

Turkey limits imports of all Russian agricultural products

Turkish exporters decided to limit the import of all types of Russian agricultural products to 20-25% of the total volume of imports, the member of the Management Board of the Istanbul Association of Exporters Zekeriya Mete …

Construction of Anaklia port starts on November 15

Construction of Anaklia port starts on November 15

The first phase of construction of a deep sea port in Anaklia will start on November 15. "The beginning of construction work is scheduled for November 15. Preliminary work, within the framework of which the research was carried …

Russia’s phytosanitary watchdog denies difficulties in grain export to Turkey

Russia’s phytosanitary watchdog denies difficulties in grain export to Turkey

Export of grain to Turkey runs in standard mode, the official representative of Russia’s phytosanitary watchdog Rosselkhoznadzor, Yulia Melano, said. "Grain exports run in standard mode, there are no recalls …

Kremlin confirms restrictions on Russian wheat supply to Turkey

Kremlin confirms restrictions on Russian wheat supply to Turkey

Russia and Turkey are negotiating restrictions on the supply of agricultural products, Russian presidential spokesman Dmitry Peskov said. "Indeed, there are restrictions," the Kremlin spokesman said commenting …

Kuwaiti oil minister: OPEC may extend output cuts by 12 months

Kuwaiti oil minister: OPEC may extend output cuts by 12 months

OPEC and non-member oil producers could deepen output cuts or extend them for a year when they meet in Vienna this week, Kuwaiti oil minister Essam al-Marzouq said. As ministers gathered in Vienna for informal …

 International Bank of Azerbaijan sells its subsidiaries in Russia and Georgia

International Bank of Azerbaijan sells its subsidiaries in Russia and Georgia

The  International Bank of Azerbaijan (IBA), which is undergoing the procedure of voluntary restructuring of its loan liabilities to external lenders, started sales of its foreign assets. The bank said at its presentation organized …

 Turkey limits Russian sunflower oil supplies

Turkey limits Russian sunflower oil supplies

Turkey limited imports of sunflower oil from Russia, the head of Russia's Oil and Fats Union, Mikhail Maltsev, said. According to Maltsev, the quota was limited to only 15-30 percent, RIA Novosti …

Armenia considers alternative ways for supplying energy to communities

Armenia considers alternative ways for supplying energy to communities

Armenia's energy infrastructures and natural resources ministry is considering a number of alternative ways for supplying thermal energy to the country’s communities which have no gas-conveying infrastructures, the ministry’s …

UAE leads Gulf foray into Caspian Sea market

UAE leads Gulf foray into Caspian Sea market

Azerbaijan, Kazakhstan and Turkmenistan offer an increasingly attractive proposition

US stops financial aid to Caucasus (and not only to it)

US stops financial aid to Caucasus (and not only to it)

  US President Donald Trump administration released the 2018 budget proposal, which includes massive cuts to domestic and foreign aid programs. The Budget proposes to reduce or end direct funding for …

Turkmenistan, Uzbekistan Pledge Game-Changing Energy, Power Cooperation

Turkmenistan, Uzbekistan Pledge Game-Changing Energy, Power Cooperation

Ashkhabad and Tashkent signed a few agreements

Nairit plant’s property set for auction - media

Nairit plant’s property set for auction - media

Nairit bankruptcy procedure manager, Karen Asatryan, has set the chemical plant’s property for an auction. According to the newspaper, an auction took place on April 28 in a courtroom of Yerevan’s …

Turkey imposes new restrictions on Russian wheat imports

Turkey imposes new restrictions on Russian wheat imports

Turkey has imposed new restrictions on Russian wheat imports, limiting them to 20-25 percent of all import licences issued for the commodity, SovEcon analysts said. This information was confirmed by two top managers of Russian grain …