Russia

Russia's New Crop Wheat Exports Stifled As Western Bank Wariness Bites

Exports of Russian wheat harvested this summer for the 2022/23 marketing season are unlikely to fulfil the potential offered by an expected record crop as...

Mondi To Sell Its Largest Russian Plant For €1.5bn

Packaging firm Mondi has agreed to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor Kharitonin for RUB 95 bill...

Russia Restricts Imports Of Agricultural Products From Moldova

Russia has banned imports of agriculture products from 31 of 34 regions of Moldova starting from 15 August, its agriculture safety watchdog said on Tuesday...

Russia, Ukraine Agree To Protect Ukraine Grain Shipping Channel

Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to long-awaited procedures agreed by Rus...

Ozon Sees No Significant Risks To Operations After Warehouse Fire

Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow.

Mondi Reports ‘Strong’ Performance Across Business In First Half

Packaging giant Mondi reported 'strong' performance across its business in the first half of its financial year, with EBITDA up 65% year-on-year to €1...

Russian Soft Drinks Maker Chernogolovka Targets 50% Of Market

As the world's biggest soft drinks makers cut their Russian ties, local producer Chernogolovka is aiming for a 50% share of the country's near $9 billion m...

Russia's X5 Group To Resume Growth Investments After Q2 Profit Jump

Russia's leading food retailer X5 Group plans to resume investments to grow and expand the business after reporting a 79.4% jump in second-quarter net prof...