Search Results for: Russia

RUSSIA plans to become one of the world’s largest producers and exporters of tin in the coming years, expected to take place through the investment of up to USD250 million developing some of the country’s largest tin fields.

According to officials at Russia’s energy ministry, some of these funds will be provided directly by the state, with the remainder allocated by private investors, who will be responsible for the implementation of the project.…

THE EUROPEAN Commission should do more to ensure stricter safety rules for coatings and varnishes coming into contact with food, industry experts have told Polymers Paint Colour Journal (PPCJ), following MEPs’ calls for European Union (EU)-wide measures last October.

Indeed, the European Union (EU) industry group CEPE (the European Council of the Paint, Printing Ink and Artists’ Colour Industry) has said: “An agreed harmonised protocol for risk assessment is urgently required,” agreed by the European Food Safety Authority (EFSA), the Commission, EU member states and Europe’s paint and coatings industry.…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend up to USD100 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of Russia’s PJSC LUKOIL, helping it take part in developing Azerbaijan’s Shah Deniz gas field. This investment is a rare EBRD financing of a Russian company.…

Amid concerns about a growing shortage of workers in Russia’s textile industry, leading companies are looking to recruit staff from India, China and other emerging market nations.

According to latest data from the Russian ministry of industry and trade, the current vacancy rate across the country’s textile industry is 36%.…

RUSSIAN clothing and textile consumers are increasingly choosing to buy products with natural materials and brighter colours, grassroots retail managers in Moscow have told WTiN.com.

Speaking from the major wholesale and retail complex ‘Textile Profy Moscow’, which commands 120,000 square metres in selling areas, its managers said Russian consumers are increasingly eschewing subtle and muted colours.…

Russia’s President Vladimir Putin has decided to extend for 18 months the existing bans on imports of food and agricultural products to Russia from the European Union (EU), according to a Kremlin spokesperson. Putin has ordered that the ban will now last until December 31, 2018.…

The European Commission will press trading partners at this week’s July 7-8 G20 summit in Hamburg, Germany, to remove unfair obstacles to European Union imports, after a EU report detailed such restrictions, many affecting clothing and textile trades.

Referring to the Commission’s latest annual Report on Trade and Investment Barriers (TIBR), EU trade Commissioner Cecilia Malström warned G20 leaders it was prepared to launch World Trade Organisation cases if necessary: “We are taking action.…

A MAJOR Japanese corporation with significant meat trading interests – Mitsui & Co Ltd – is undergoing talks on potential business opportunities with the Rusagro Group, one of Russia’s largest vertically integrated livestock and agricultural holding companies.

Hiroo Yoshida, of Mitsui’s corporate communications division has confirmed that Mitsui has acquires a token amount – 0.005% – of Rusagro’s capital and the companies are “exploring the possibility of co-operation”.…

THE RUSSIAN government is planning to promote exports of Russia-produced poultry meat and pork to China and has already started talks with the Chinese government to secure the necessary health approvals to increase exports beyond current low volumes.

Impetus for the move has come from the top, with Russian President Vladimir Putin stressing in a speech that the government has high hopes for selling poultry to the Chinese, as, according to predictions of the Russian agriculture ministry, China may face with its shortage this year.…

THE EUROPEAN Union (EU) meat industry has expressed disappointment over the decision by Russia to extend by 18 months its ban on EU exports of meat and meat products, but is optimistic that producers will continue finding alternative markets.

Leaders of EU farm industry association Copa-Cogeca and the European Livestock & Meat Trading Union (UECBV) stressed to GlobalMeatNews that the European Commission, food industry companies and EU member states had successfully adapted to Russia’s actions.…