imports

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Turkey halts transit of sanctioned goods to Russia

Turkey halts transit of sanctioned goods to Russia

Turkey halted the transit of Western-sanctioned goods to Russia this month, a top export official and a diplomat said. The Turkish government handed companies a list of banned foreign goods and instructed them not to transship those to …

Kazakhstan wants to change EAEU customs duties distribution

Kazakhstan wants to change EAEU customs duties distribution

The authorities of Kazakhstan propose to revise the norms for the EAEU's customs duties distribution. The restriction deliveries to Russia and Belarus led to an increase in imports through other countries of the Union.

Parallel imports in Russia to exceed $20 bln in 2022

Parallel imports in Russia to exceed $20 bln in 2022

The Ministry of Industry and Trade of the Russian Federation reviewed the forecast for the volume of parallel imports for 2022 from the previous $16 bln, Izvestia writes. “According to the Federal Customs Service of Russia, over …

Parallel imports in Russia to be extended for 2023

Parallel imports in Russia to be extended for 2023

The mechanism of parallel imports of various goods to Russia will be extended for 2023, Russian Deputy Prime Minister Denis Manturov told reporters on the sidelines of the Eastern Economic Forum (EEF) on Wednesday. "This decision …

HP leaves Russia

HP leaves Russia

The American company Hewlett Packard Enterprise (HP) is leaving Russia. "It is no longer reasonable for us to continue operating in Russia and Belarus, and we continue to systematically wind down our remaining …

Russia replaces Western brands with Turkish ones

Russia replaces Western brands with Turkish ones

Turkish companies may have 3 million square meters of vacant space after some brands left Russia's market, president of the Russian Council of shopping centers Dmitry Moskalenko said. "We are entering a new phase of …

Beijing increases imports from Russia sharply

Beijing increases imports from Russia sharply

China has spent more than $6 billion on Russian energy products, increasing purchases by 75% compared to last year's level, Bloomberg reports. It is noted that the total volume of liquefied natural gas supplies in China has …

Dependence on China shrinks the US economy

Dependence on China shrinks the US economy

A leap in America’s trade deficit during the first quarter pushed US GDP down at a 1.4% annual rate, the Commerce Department reported April 28. The consensus forecast called for 1% growth. A massive increase in US imports knocked 3.2% …

Georgia increases exports to Russia

Georgia increases exports to Russia

In January-March of this year, the trade turnover between Georgia and Russia increased by 16.8% compared to the same period in 2021, exports from Georgia to Russia increased by 2.8%, according to the data of the Georgian National Statistics …

Azerbaijan and Iran to sign agreement on preferential trade

Azerbaijan and Iran to sign agreement on preferential trade

Iran and Azerbaijan will soon sign an agreement on preferential trade, Deputy Minister of Industry, Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI), Alireza Peymanpak said at a press conference. Peymanpak noted …

Russia: there will be no domestic food shortages

Russia: there will be no domestic food shortages

Russia said on Tuesday there was no risk of a food shortage on the domestic market and cautioned consumers against rushing out to stock up on staples after the West slapped sanctions on Russia. "There are no conditions for risks of …

Egypt bans export of wheat, other staples for 3 months

Egypt bans export of wheat, other staples for 3 months

Egypt will ban the export of lentils, pasta, wheat, flour and fava beans for three months from March 11, its trade ministry said in a document seen by Reuters. Egypt, the world’s top wheat importer, is witnessing a dramatic rise …

Trade turnover between Turkey and Georgia exceeded $2 billion

Trade turnover between Turkey and Georgia exceeded $2 billion

According to data for 2021, Turkey became Georgia’s leading trading partner. The trade turnover between the countries reached $2.1 billion. The share of Turkey in the total trade turnover of Georgia was 15%, according to the data …