Search Results for: Russia

FIVE more Chinese companies have filed requests with China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) to export meat products to Russia as China’s meat sector sees growing export opportunities in Russia.
The five companies are Shunxin Agriculture Co Ltd, in Beijing; Linyi Xincheng Jinluo Meat Products Group Co Ltd, in Hunan; the Delisi Group, in Shandong; China Yurun Food Group Ltd, in Jiangsu; and Sichuan Gaojin Food Co Ltd, in Sichuan.…

UKRAINE has lost some USD4 million (EUR3.2 million) in revenues following Russian cattle and pork meat import restrictions imposed in 2013 and 2014, data provided by the European Commission shows. A regime of intensified laboratory control over bovine meat from Ukraine starting in 2013 and a ban on the previously permitted annual import of 40 tonnes of frozen beef from Ukraine to Russia imposed since July 14 (2014) has cost the Ukraine meat sector USD3 million (EUR2.4 million), according to Brussels.…

Ukraine has been losing export earnings as its ferro-alloy industry suffers from rebellion in its eastern region and Russian trade restrictions on ferroalloys, European Commission officials have claimed.

Ferroalloys “are by far one of the main exports for Ukraine to the EU and they remain a significant export position,” a Commission spokesperson told Metal Bulletin.…

RUSSIA’S combined heat and power sector is poised to undergo a radical transformation that will use the open market to rejuvenate and update the industry, according to the country’s energy minister.

Speaking to the upper house of the Russian parliament, the Federation Council, energy minister Alexander Novak announced last November that creating a competitive market for combined heat and power (CHP) was a key priority.…

Rising electricity prices and growing fears around security of supply are driving Russian industrial power users to construct their own onsite power and CHP (combined heat and power) plants. “On-site generation is known as a highly profitable option to improve industrial energy efficiency and for the industry to cover its own power supply needs,” said the European Bank for Reconstruction & Development (EBRD) in a 2013 report Unlocking Investment Opportunities in Industrial On-site Generation in Russia: “Russian industries are particularly attractive for combined heat and power production, since there are significant industrial heat loads available for CHP production.”…

While eastern Europe’s cosmetics sector seems in general to be emerging from its post-recession doldrums, the conflict in Ukraine has begun to significantly impact that country’s cosmetics industry. Analysts warn that tit-for-tat sanctions with Russia and uncertainty over the annexed Crimea and the future of the contested east of the country is halting investment.…

Russia’s annexation of Crimea and the continuing conflict in the east of Ukraine overshadowed international events last year. But Russia’s cosmetics industry has proved resilient and even maintained ties with Ukraine.

Despite the concerns and challenges, the forecasts for the calendar year 2014 are buoyant.…

Tax evasion drained a record USD991.2 billion in illicit financial flows from developing economies in 2012 – facilitating crime and corruption, according to a new study by Global Financial Integrity (GFI), a Washington DC-based research and advisory organization. “To put this in perspective, the cumulative total of official development assistance to the developing countries in this report… was just USD809 billion,” said a GFI note.…

ALMOST two years since its establishment in January 2013, the European Cybercrime Centre (EC3) created as part of Europol, has delivered on its objectives, but still faces numerous resource challenges. Set up by the European Commission to support the 28 European Union (EU) countries in cybercrime investigations targeting online intrusion, fraud and child sexual abuse and to disrupt the operations of organised crime networks that commit a large share of cybercrimes, the EC3 is now receiving more requests for support that it can handle, its head, Troels Oerting, told Fraud Intelligence.…

DOCUMENTS obtained by Confectionery Production from the European Union (EU) indicate that Ukraine has lost up to USD126 million’s worth of confectionery export sales to Russia this year, because of Russian trade restrictions.
EU briefing papers note that Ukraine has been complaining to the World Trade Organisation (WTO) since October 2013 about alleged “unjustified barriers to trade caused by the measures of the Russian Federation, in particular, on Ukrainian confectionery products.”…