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China requests more than 50,000 hectares for soy plantations in Russia’s Primorsky Krai
The Chinese company Joyvio Beidahuang Agricultural Holdings wants to grow soy in Russia’s Primorsky Krai, announced Alexei Chekunkov, director of Russia’s Far East Development Fund.
JBA is a joint enterprise between Legend Holdings Joyvio Group and the Chinese state-owned Jiusan Grain and Oil Industry Group, and is interested in using Russian land for soy plantations.
The Chinese investors have already registered a Russian subsidiary, LegendAgro Holdings, which has leased 3,500 hectares in …
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Deripaska’s Rusal confirms plans to reregister in Russia
UC Rusal has confirmed its plans to reregister in Russia, reports RBC news agency reference with reference to a company spokesperson.
As announced earlier at the St. Petersburg International Economic Forum by Russian Deputy Minister of Economic Development Ilya Torosov, the company intends to reregister in Kaliningrad, Russia.
In August last year, the company announced that it was considering changing its jurisdiction from Jersey Island (one of the world’s largest offshore havens) to Russia. …
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Gazprom capitulates in gas dispute with Ukraine
A gas dispute between Russia and Ukraine, which began with a record drop in prices in 2013 and translated into a reduction and later suspension of supply, will apparently finally end with Gazprom capitulating.
The Russian gas monopoly is offering to negotiate a deal to resume the direct gas supply to Kyiv, and to extend the contract for transit to Europe that expires in 2019, said Gazprom CEO Alexey Miller.
The gas prices will be lower, he promised: the cost of gas for the end consumer will …
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Germany and Russia sign enhanced cooperation agreement
For the first time in several years, Germany and Russia have signed a joint document to deepen their economic cooperation. During the St. Petersburg International Economic Forum on Friday 7 June, German Minister of Economy Peter Altmaier and Russian Minister of Economic Development Maxim Oreshkin entered into the Partnership for Effectiveness program.
The aim of the program is to improve the effectiveness of the Russian economy through German technologies. The countries will collaborate to …
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Russia to send military to the Central African Republic by end of June
During a St. Petersburg International Economic Forum (SPIEF), Russian Deputy Foreign Minister and Special Presidential Representative on the Middle East Mikhail Bogdanov told journalists that the Russian military will be sent to the Central African Republic (CAR) by the end of July to participate in the UN mission, reports TASS news agency. According to Bogdanov, 30 Russian peacekeepers will be sent to the CAR. "I think [this will happen] soon. However, I am not sure if this will happen by the …