Russia

Beam Suntory To Sell Maxxium Russia Joint Venture

Spirits giant Beam Suntory and its partner Edrington have agreed to sell the Maxxium Russia joint venture business to the local management team.

EU To Amend Sanctions On Russian Banks To Allow Food Trade

The European Union will amend its sanctions on Moscow on Wednesday by allowing the unfreezing of some funds of top Russian banks that may be...

Norway's Elopak Exits Russian Market

Following the decision to suspend operations in Russia in March 2022, packaging group Elopak has now decided to divest 100% of its Russian business to loca...

Russians Buying Cheaper Food Items As Incomes Fall, Says X5 Group

Russians shoppers are switching to cheaper food items driven by a drop in real disposable income, the country's leading food retailer X5 Group said on Mond...

Yellen Says G20 Must Act To Address Short-Term Food Insecurity Crisis

U.S. Treasury Secretary Janet Yellen on Friday urged Group of 20 major economies to take urgent action to address a short-term food insecurity crisis exace...

Turkey, Russia, Ukraine, UN Set To Meet On Grain Exports

Russian, Ukrainian and Turkish military delegations are set to meet UN officials in Istanbul on Wednesday (today) for talks on a possible deal to resume sa...

Russia's Breadbasket Seeing High Yields As Wheat Harvest Starts

Farmers in Russia's southern Rostov region, one of the largest grain producing and exporting areas of the country, are seeing high wheat yields as harvesti...

Russian Wheat Prices Fall As New Crop Arrives, Export Tax Falls

Russian wheat export prices fell last week due to pressure from the new crop, which farmers have just started harvesting, a reduced export tax and a declin...