Search Results for: Russia

Leading Russian oil and gas producers, along with the national government, are considering investing up to Russian Roubles RUB100 billion (USD1.4 billion) into developing drilling and related upstream technologies during the next several years, amidst an shortage in technology supplies.

Prior to the sanctions war between Russia and Western countries sparked by the Ukraine crisis, the majority of drilling technologies were imported into Russia.…

The Islamic Republic of Iran has had to deal with financial sanctions imposed by the United States following the revolution in 1979, and then ramped up during the Bill Clinton and George W Bush administrations. But it was the multilateral financial sanctions imposed by United Nations Security Council resolutions (UNSCRs) and the European Union (EU) from 2007 onwards, and particularly in 2011, that hit Iran even harder, further narrowing an already limited window to operate financially in international terms.…

The Russian government has drafted detailed plans to tax palm oil, to reduce consumption of an ingredient it deems unhealthy and to boost revenue. The idea, finance ministry officials have told just-food, is supported by President Vladimir Putin.

The plans involve introducing an excise tax on palm oil from July 1 are already in place, with a USD200/tonne rate being approved by the finance ministry.…

Germany’s leading meat processor Tönnies Lebensmittel GmbH has agreed to take over up to 10 state-owned pig breeding businesses in Serbia, giving an additional supply capacity of up to 700,000 animals. The goal is to breed and process up to 4 million pigs by 2026.…

UKRAINE authorities have admitted detecting a malware attack on IT systems at the country’s Kiev Boryspil International Airport, with its government claiming Russian hackers could have been to blame. A communiqué from Boryspil said a virus linked to Trojan programme Black Energy was discovered on an operational computer.…

ON January 29 this year, the IT systems of Lincolnshire County Council – one of the UK’s larger local authorities – were shut down by a ‘ransomware’ attack, as a precaution while the attack was investigated. Staff went back to using pens and paper after around 300 computers were seized up, spewing messages that money needed to be handed over to hackers or these computers would remain unusable.…

WITH advances in technology making it increasingly possible for malware kits to be bought and used by people with relatively little IT knowledge,

‘cybercrime-as-a-service’ systems are causing anti-fraud professionals sharper and sharper headaches. This is regardless of whether they work for banks, police forces or in company IT departments.…

Organisers of the 13th annual Istanbul Yarn Fair remain optimistic about the future of Turkey’s yarn segment, despite the country’s recent diplomatic crisis with Russia depressing this year’s turnout.

“Although the recent political issues have affected the number of Russian buyers who come to the fair, the relationship between Turkey and Russia is very strong and [built on a long history],” said Gülbin Bozkurt, project group director of Tüyap Fairs and Exhibitions Organization Inc, which organised the fair.…

Considering the ongoing doldrums within the global economy, 2015 was not a bad year for South Korea’s coatings manufacturers. The sector’s cautiously positive sentiment mainly survived because Korean coatings consumption has been boosted by a domestic construction boom that made up for lacklustre demand from the east Asian export powerhouse’s carmakers and shipbuilders.…

A report released yesterday (Mar 10) by the Organisation for Economic Co-operation & Development (OECD) has advised textile manufacturers to support government efforts to tighten environmental rules, saying they are unlikely to cause a loss of business.

The report is an attempt to dispel the widely-held view that tighter environmental rules increase costs and damages business – especially in emerging market manufacturing hubs.…