Search Results for: Russia

THE RUSSIAN Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) may impose a ban on all imports of beef and pork from Brazil, the largest meat importer to Russia, in coming days over concerns about the detection of a forbidden hormone, government officials have warned.…

The lure of banking bonuses, lack of dedicated resources, ineffective implementation of compliance mechanisms and whistleblower protection schemes have all been blamed for incidents of financial organisations turning a blind eye to money laundering.

But it seems that regulators are increasingly unimpressed – a fact that money laundering reporters need to heed.…

WHILE the Vatican City State and Holy See’s acceptance that their financial institutions could be exploited by money launderers is far more realistic than the denials of 10 years ago, a much-anticipated Italian court ruling has shown much work is needed to clear dirty money from these hallowed accounts.…

RUSSIAN textile manufacturers aim to double the country’s production of synthetic fabrics from next year with the aim of reducing dependence on imports, according to the government and industry insiders.

Over the past three years, the production of synthetic fabrics has become one of the most promising segments of Russia’s textile sector, due to ever growing domestic consumption.…

CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …

THE EUROPEAN Union (EU) meat sector has said it is disappointed by the decision of the Russian government to widen its meat and livestock ban from western exporters. Speaking to GlobalMeatNews, the secretary general of the European Livestock and Meat Trades Union (UECBV), Jean-Luc Mériaux, said: “It is a big disappointment for sure, there is nothing to negotiate.…

THE RUSSIAN government has expanded the range of meat and livestock imports that it is blocking from the USA and the European Union (EU) and other associated countries who have been imposing sanctions on Moscow over its annexation of the Crimea and support for Ukraine separatists.…

A SENIOR official at the US Meat Export Federation has told GlobalMeatNews how he regrets small signs of recovery in the US-Russian meat trade have been snuffed out by the latest expansion of Moscow’s meat import ban. US exporters, said Thad Lively, senior vice president – trade access, had been “shipping a little fat to Russia”.…

MOSCOW region’s Zhukovsky International Airport aims to become the first Russian airport to list an Initial Public Offering, with plans to float shares on a stock market within the next two to three years. According to Tomas Vaisvila, CEO of Ramport Aero, which operates Zhukovsky, the airport could list an IPO as early as spring 2019.…

A NEW terminal being built at Gelendzhik Airport is expected to service its first passengers visiting the Russian Black Sea resort of Gelendzhik by the end of 2018, the airport’s operating company Basel Aero has stated.

This project is designed to more than double the capacity of Gelendzhik Airport to service 314 passengers per hour.…