Georgia to increase wine exports to Russia
Georgian wine producers increased their exports to Russia by 55% from January to April 2023
imports
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Armenian cognac may leave Russian market
The products of the Yerevan Brandy Factory will most likely no longer be supplied to Russia
Russia becomes main importer of Turkish citrus fruits
In the first three months of this year, citrus exports from Türkiye increased by 12% and amounted to $351 million. Russia, Ukraine and Poland became the main importers of Turkish fruits.
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 …
Russia-China trade turnover increases sharply
The trade turnover between Russia and China surged by 25.9% year-on-year to more than $33.68 bln in January - February 2023, the Main Customs …
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.
Bahrain’s trade deficit widens to $69m
Bahrain recorded a fall of 14 percent in the value of its exports of national origin to 350 million Bahraini dinars
Value of Greece’s import from Russia surged twofold in annual terms
The value of import from Russia by Greece surged more than twofold on an annualized basis, largely due to the gas and oil price hike, Kathimerini newspaper reported, citing data of the Hellenic Statistical Authority (ELSTAT). …
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
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
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 …
Federation Council supports idea to import grain and fertilizers for rubles
Imports of grain and fertilizers should be continued with payment in rubles, Andrei Klishas, head of the Federation Council Committee on Constitutional Legislation, says. Earlier it became known that the Ministry of …
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
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 …
Russian government authorizes parallel import of car parts, components
Russian authorities published the list of goods for parallel import, which comprises more than 50 categories. The order of the Ministry of Industry and Trade registered with the Ministry of Justice on May 6 was posted on the official web portal …
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
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
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 …
Seafood industry braces for losses of jobs, fish due to anti-Russia sanctions
The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of …
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 …
