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Russia

Russia’s State Duma approves amendments into Tax Code raising tax on profit of LNG producers

The rate is to be increased from the current 20% to 32% from the beginning of 2023 The State Duma of the Russian Federation says...

Bunker sales at Vladivostok port in 10M’2022 fell by 25% YoY

The number of bunker operations rose to 2,890 In January-October 2022, sales of bunker fuel at the port of Vladivostok and its offshore terminals totaled...

Black Sea Watch: Grains shipments halve following turbulent week

Grains and fertilizer exports through the three Ukrainian ports covered by the UN-brokered safe passage Black Sea Grain Initiative reached 10,067,175 mt as of...

Russia’s Gazprom completes LNG vessel inspection in Kaliningrad region

Russian energy giant Gazprom has completed inspection of the Marshal Vasilevskiy floating storage and regasification unit (FSRU) in the western Kaliningrad region, it said...

Russia’s crude shipments hit five-month high before sanctions

With less than a month before the EU’s ban on imports of Russian oil coming into force, seaborne crude shipments from Russia last week...

Russia ban on trucks backfires as goods go around and domestic costs soar

Russia’s ban on trucks entering the country has backfired, failing to impede trade or put the brake on surging costs hitting domestic traders. The ban...

Draft Law on Northern Delivery submitted to RF Government

Ministry for Development of Russian FE and Arctic Over RUB 87 million is allocated annually for the purchase and delivery of 3 million tonnes of...

Russia becomes India’s largest source of oil and fifth-biggest trade partner

Russia is reported to have become India’s largest supplier of crude oil in October 2022 as refiners stepped up the purchase of discounted seaborne...

Court refused to arrest Ziyavudin Magomedov’s shares worth RUB 80 bln as interim measure under lawsuit of Far Eastern Shipping Company

According to the court's ruling, “purely subjective fears of an entity on violation of its rights and lawful interests are not sufficient” Arbitration Court of...

Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks-sources

Russia wants the West to ease restrictions on state agriculture lender Rosselkhozbank to facilitate Russian grain exports, according to four sources familiar with the...
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