A South African business delegation is in Russia to take part in the World Food Moscow fair and will seek export opportunities in that country's agro-processing market, the department of trade and industry said on Monday.
Russia’s food safety watchdog has beefed up quality controls on grain exports due to complaints from major buyers and the lower quality of the crop, it said, adding that the more stringent checks were not aimed at limiting grain exports.
Russia will export more crude beginning in September, with most incremental exports targeting Europe, according to ESAI Energy’s CIS Watch Crude Outlook. Russia’s higher exports will come just as European refiners cut imports of Iranian crude, turning Iran’s loss into Russia’s gain.
Despite the tremendous success of the recent football World Cup, Russia is not always the first country exporters think of as a trading and investment destination. There are several reasons for this; the political headwinds, press coverage and outdated myths (on both sides) often give the impression that Russia is not an easy place to do business.
In January-June 2018 Russia exported over 126.3 mn tons of crude oil, down 0.4% year-on-year. In terms of value crude oil export grew 32.1% up to $60.3 bn.
Over 60% of total Russian investments concentrated in oil, gas sector, says Russian Trade Representation head