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Russia Boosts Imports of Palm and Palm Kernel Oil

Russia Boosts Imports of Palm and Palm Kernel Oil

In January, the import of palm oil and its fractions to Russia increased by 4.2 per cent as compared with the same period of the last year, according to the materials of the Federal State Statistics Service (Rosstat). In physical terms the imports amounted to 78,400 tons. Imports of coconut (copra), palm kernel and babassu…

“Green Corridor” is Being Introduced for Importers

“Green Corridor” is Being Introduced for Importers

Russia abolishes all restrictions on the supply of essential goods, including customs restrictions. This was announced by Prime Minister of Russia Mikhail Mishustin at the regular Government session. According to him, the “Green Corridor” is being introduced for importers and for large retail chains. The import of certain goods, including medicines and medical devices, will be…

Foreign Companies Optimistic about Business Climate in Russia

Foreign Companies Optimistic about Business Climate in Russia

The number of foreign companies operating in Russia that noted a significant improvement in the country’s business climate more than doubled over the 2018 figures, growing from 10 to 23 percent. RIA Novosti reported the news with reference to a new study of business climate that is carried out annually by the Russian Union of…

Russian Online Food Sales on the Rise

Russian Online Food Sales on the Rise

Data from February has shown that Russia’s fastest growing trade segment were online sales of foodstuffs, Izvestia said, referencing expert data and assessments of the country’s largest retailers. Sources mention that amid the coronavirus pandemic, revenues of online shops increased by 24% in February, year-on-year. According to E-Commerce Russia, the share of foodstuffs in the Russian e-commerce…

Prices of Imported Wine Can Go Up a Third

Prices of Imported Wine Can Go Up a Third

Within the following 3 or 4 months, retail prices of foreign wine products is expected to increase by 30%, those of foreign strong alcoholic beverages – by 20%. This forecast, which was made by Pavel Shapkin, Chairman of the National Association for Consumer Rights Protection, in his commentary to RIA Novosti, is based on the…

Imports of Perfumes and Cosmetics Significantly Increased

Imports of Perfumes and Cosmetics Significantly Increased

In February, compared to this January, the import of chemical products into Russia increased by 13.2 per cent, amounting to $2.82 billion, according to the data published on the Federal Customs Service website. Among chemical products, imports of perfumes and cosmetics increased by eight per cent. while the import volumes of pharmaceutical products decreased by 34.7 per cent, organic and inorganic…

Russia Imports Rye for the First Time in Three Years

Russia Imports Rye for the First Time in Three Years

In the current agricultural season—from last July to this June—Russia began to import rye for the first time in three years to meet the needs of flour mills, Agroinvestor reports. According to the source (with reference to the Federal Agricultural Supervision Service), imports have already amounted to 33 thousand tons. The main suppliers of rye to…

Mandatory Marking of Shoes Postponed to July

Mandatory Marking of Shoes Postponed to July

The effective date of mandatory marking requirements for shoes has been postponed until the 1st of July, 2020 (initially, the date had been set to the 1st of March). The corresponding decree signed by the Prime Minister of the Russian Federation Mikhail Mishustin has been published on the official website of the government. Based on…

The Most Rapid Growth of Imports Has Been Recorded in Kamchatka

The Most Rapid Growth of Imports Has Been Recorded in Kamchatka

According to an analysis conducted by the SeaNews agency, last year, the top 5 regions of Russia with the largest percentage increase in import value included Kamchatka Krai, Kurgan Region, Sakhalin Region, Khabarovsk Krai and Tambov Region. The import of foreign goods into Kamchatka has grown 2.4 times, showing an increase of more than $177…

Russia Constitutes 15 percent of the Global Rose Market

Russia Constitutes 15 percent of the Global Rose Market

One and a half billion of roses are sold in Russia annually, which makes up about 15 percent of total global consumption, reports Interfax, citing data from the National Association of Florists (NAF). Roses account for about 49 percent of flower sales in Russia. It was noted that NAF has requested the Ministry of Agriculture,…

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