Tag Archives: exports

Russian oil production rose by 5% last month after a sharp decline in April, the newspaper Vedomosti reported on Friday, citing a source in the industry. May output amounted to 10.2 million barrels per day, up from 10 million in April. Still, compared to May 2021, production was down by …

Russian military forces are not blocking grain shipments from Ukraine, Kremlin spokesman Dmitry Peskov said on Wednesday, as quoted by Interfax. He said the ports have been mined by the Ukrainian military, which prevents ships from going out to sea.  According to the official, Moscow is willing to find ways …

Russia is not preventing ships from transporting grain out of Ukraine, Foreign Minister Sergey Lavrov said on Tuesday, and Western claims to the contrary are part of a smear campaign that will do nothing to solve the global food crisis. The only party actually preventing ships from using Ukrainian ports …

India has received 34 million barrels of discounted Russian oil since February, more than 10 times the value of the total imports from the country year-on-year, Reuters reported on Monday, citing Refinitiv Eikon data. According to the report, more than 24 million barrels of Russian crude were supplied this month, …

The EU is hoping for an increase in the volume of grain exports from Ukraine in June, European Commissioner for Transport Adina Valean said earlier this week at a meeting with EU farming ministers in Brussels. “We hope that we will be able to reach 3-4 million [tons of grain …

Food products and fertilizers from Russia, Ukraine and Belarus must be allowed on the world markets if the global community wants to stem an unfolding food crisis, UN Secretary-General António Guterres said at a ministerial meeting on global food security on Wednesday. “Let’s be clear, there is no more effective …

India has prohibited all exports of wheat with immediate effect, the country’s Ministry of Commerce and Industry announced on Friday. The ministry said the drastic move was necessary due to “a sudden spike in the global prices of wheat arising out of many factors, as a result of which the …

German exports to Russia plummeted to about €860 million ($905 million) in March “because of the sanctions imposed,” as well as “further measures to restrict exports, and unsanctioned behavior of market participants,” Germany’s federal statistical office said on Wednesday. That is the lowest level of exports in almost two decades. …

Tokyo has unveiled a new package of sanctions against Russia in connection with Moscow’s military operation in Ukraine, Asahi news outlet reports. However, the latest restrictions exclude imports crucial for the Japanese economy, including seafood and energy. The expanded list includes a ban on the import of Russian beer and …

Russia is planning to increase the use of the ruble in energy exports, but no deadlines have been set for the payment switch, Kremlin spokesman Dmitry Peskov said on Friday. “The president has set a methodical and step-by-step approach to expanding the use of national currencies,” Peskov told reporters in …