Insights and Stories on Russia

Jun. 24, 2015 at 11:57 am CDT

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 […]

By Reuters

Jun. 22, 2015 at 5:50 pm CDT

Moscow | Reuters — Russia plans to extend a ban on Western food imports for six months starting from early August, after the European Union extended its own sanctions against Moscow, Russian officials said Monday. European Union foreign ministers extended economic sanctions against Russia until Jan. 31 on Monday, keeping […]

By Reuters

Jun. 18, 2015 at 4:34 pm CDT

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 […]

By maha-el-dahan, Polina Devitt

May. 29, 2015 at 6:08 pm CDT

Moscow | Reuters –– Russia approved the launch of a new wheat export tax from July 1, which traders say could threaten profits on advance contracts for the new crop if the rouble weakens in coming months. Russia’s government said Friday that the new tax was intended to stop exports […]

By Reuters

May. 26, 2015 at 4:50 pm CDT

Donskoy | Reuters –– Russia’s agriculture ministry said on Tuesday it had finalized the methodology for the calculation of a wheat export duty that will be introduced from July 1. It has proposed exporters pay a duty of one rouble per tonne on wheat priced up to 11,000 roubles (C$268) […]

By Reuters