Russia, Ukraine may cut grain crop forecasts as temperatures rise

Moscow/Kiev | Reuters — Major Black Sea wheat exporters Russia and Ukraine may cut their official 2015 grain crop forecasts as recent hot weather has raised the risks to plants and rains elsewhere have delayed the harvest and dented quality, farmers and officials said. Russia and Ukraine’s agriculture ministries have said if hot weather persists […] Read more


Deputy Prime Minister Arkady Dvorkovich (l) and Prime Minister Dmitry Medvedev. (Government.ru)

Russian PM says can change list of banned imports

Moscow | Reuters –– A list of Western products that Russia has banned could be changed according to the state of relations with the European Union and other countries, Russian Prime Minister Dmitry Medvedev said on Thursday. Medvedev told a government meeting he had approved an order, initiated by President Vladimir Putin, to extend a […] Read more

Russian President Vladimir Putin meets Wednesday at the Kremlin with government officials and announces plans for a one-year extension of Russia’s ban on agrifood imports from Canada, the U.S., the EU, Australia and Norway. (Kremlin.ru)

Putin adds another year to ban on Western food imports

Moscow | Reuters –– Russian President Vladimir Putin has extended the country’s ban on food imports from the West by one year, longer than had been expected, in retaliation to the extension of European sanctions against Moscow over Ukraine. The ban, which prohibits most food imports from the U.S., the European Union, Australia, Canada and […] Read more



Uncertainty over Russia’s wheat export tax seen slowing trade

Moscow/Abu Dhabi | Reuters –– Uncertainty over Russia’s new wheat export tax is slowing trade activity as traders who have signed forward contracts say they are unsure about how the formula will be implemented. The floating tax formula, to be launched from July 1, is intended to stop exports surging if the rouble drops steeply, […] Read more






Greek olives on display in a market in Athens. (CIA.gov)

Russia may allow food imports from three EU states

Moscow | Reuters –– Russia may allow around 20 firms from Hungary, Cyprus and Greece to return to its market after it orders the lifting of an embargo on food imports from the European Union, Interfax news agency quoted a senior official as saying on Tuesday. Russia banned foods from the 28-nation EU last year […] Read more