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Tag Archives: Russia

Fate of Georgian Wines – Russia to Increase Wine Imports Tax

WINE, Russia TAX

Georgian wine exports to the Russian Federation may decline. Higher taxes will create problems to distributors  and producers. It is not known when exactly the new rate will come into force, but the working process was intensified in this direction. Russia plans to double excise tax on wines. Ministry of …

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Turkish Stream’s Construction to Start in 2018

Turkish Stream’s Construction to Start in 2018

Construction of the Turkish Stream natural gas pipeline will begin in 2018 after the latest intergovernmental agreement has been signed this week, Sputnik International news agency quoted CEO of Russia’s Gazprom energy company, Alexei Miller as saying Oct.11. “According to our plan, construction itself will begin in 2018,” Miller told …

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Russia Becomes a Grain Superpower as Wheat Exports Explode

Russia Becomes a Grain Superpower as Wheat Exports Explode

Almost 25 years after watching the Dawn of Communism collective farm where he grew up land in the dustbin of history, Andrey Burdin is helping turn Russia into something the communists never could: a grain-export powerhouse. Over the last few years, Burdin has tripled the size of his farm on …

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Russia Prepares for Gas Divorce From Europe

Russia Prepares for Gas Divorce From Europe

Political tension with Europe and the increasing role of liquefied natural gas (LNG) has the world’s biggest supplier looking to increase exports to the Asia-Pacific region, according to Russia’s Federal Subsoil Resources Management Agency. “The crisis in relations between Russia and the West has already led to a reduction in …

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Russian-Iranian Bank May Ditch the US Dollar

Russian-Iranian Bank May Ditch the US Dollar

Moscow and Tehran are actively working on opening a joint bank with plans to carry out operations in national currencies, according to the former president of the Russia-Iran Friendship Society Bahram Amirahmadiyan. The decision on setting up the bank was agreed last year but Western sanctions against Tehran have been …

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Georgia is One of the Major Mineral Water Suppliers to Russian Market

Georgia is one of the major mineral water suppliers to the Russian market. ROIF Expert marketing agency has examined the mineral waters market of Russia and prepared a corresponding report, under which, mineral water imports to Russia in 2015 increased by 59.6% compared to the 2012 indicators. According to the 2015 …

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Tourism in Georgia: Benefits From Improved Relations with Russia

The relations between Russia and Georgia have been finally warming after several years of crisis. This is evidenced by the rate of trade between the two countries, and the rapid growth of business tourists as an indicator of the recovery of business connections. Tourism in Georgia naturally benefits as well …

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ADY Express Transports Cargo via North-South Route

ADY Express Transports Cargo via North-South Route

ADY Express company has started to transport cargo via the North-South route, the Azerbaijan Railways CJSC said. “Despite there is no railway between Azerbaijan and Iran, ADY Express company has been already transporting cargo via this route,” the message said. “For example, compressed liquid gas (butadiene) was transported from Iran …

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Iran Adds 532 mb of Oil, 522 bcm of Gas to its Reserves

Iran Adds 532 mb of Oil, 522 bcm of Gas to its Reserves

Iran added 532 million barrels (mb) of oil and 522 billion cubic meters (bcm) of gas to its extractible reserves since the beginning of Hassan Rouhani’s presidency in mid-2013, an Iranian official told Trend Aug.23 on condition of anonymity. “Currently the country’s recoverable proved oil and gas reserves stands at …

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