Search Results for: Russia

THE CHAIRMAN of the Cherkizovo Group, one of Russia’s largest meat producers and processors, is to consolidate his stake in the company through the acquisition of 21.3% of its shares, which are currently owned by Prosperity Capital Management, one of Russia’s largest investment funds.…

Japan and Russia are to start trading meat products in earnest during the second half of this year, following an agreement between Tokyo and Moscow.

According to Japan’s ministry of agriculture, forestry and fisheries, imports to Japan will be limited to beef that has undergone heat treatment in Japanese government-approved Russian factories.…

WITHOUT European Union (EU) supervision, the fight against fraud, in the UK at least, will become more difficult after ‘Brexit’, European fraud experts claim.

“London is already known to be a major money laundering centre, so that can only get worse once the EU ‘strings’ have been severed,” predicted Hugh Penri-Williams, fraud consultant and vice president of the Association of Certified Fraud Examiners (ACFE) France.…

The Belarus government plans to reform its current profligate state support scheme backing its domestic meat industry, with the aim of making it more efficient and profitable, according to a spokesperson for the country’s President Alexander Lukashenko. He said the government planes to better focus public investment and operational support on the meat production and processing sector, which has shown poor returns on the major cash injections made in recent years.…

DEMAND for men’s personal care products is growing in Russia – a stark change for a country where men’s grooming was traditionally limited to the bare hygiene essentials, with any additional attention to physical appearance spurring fears of appearing too effeminate.…

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.…

HUNGARY has signed an agreement with Russia’s Gazprom involving the central European country linking its gas distribution networks to the planned TurkStream pipeline, routing Russian gas via Turkey into Europe. Hungarian foreign minister Peter Szijjarto struck the deal with Gazprom CEO Alexey Miller, which involved Hungary building infrastructure to link with TurkStream, which will also cross Bulgaria and Serbia.…

MONGOLIA remains one of the world’s key global production centres for cashmere, and its importance seems to be growing, with its cashmere garment exports increasing – total 2016 overseas receipts were USD9.6 million, up 196% since 2009.

Demand is driven by Mongolian goat fibres’ unique characteristics, most importantly of which its length of 38-45cm and thin microns facilitating the manufacturing of garments with higher quality than those made from Chinese and Afghan goat fibres. …

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.…

ORGANISERS of a major three-day India Textile 2017 exhibition in Gujarat have hoped to use the event to encourage product diversification and better supply chain links within the country’s growing textile sector.

Indian Prime Minister Narendra Modi’s oft quoted maxim – ‘from farm to fibre, fibre to fabric, fabric to fashion and fashion to foreign markets’ – was the guiding principle for the event that concluded in Gujarat’s capital Gandhinagar on July 2.…