Russia

Russia Approves Formula-Based Sunflower Oil Export Tax From September

The Russian government has approved a formula-based export tax system for sunflower oil and a higher export tax for sunflower seeds, it said on W...

Beef Consumption Falls To Ten-Year Low In Russia

Beef consumption in Russia fell to 1.94 million tonnes last year, a ten-year low, due to the closure of the HoReCa channel as well as lower incomes among c...

Russia's Yandex.Lavka Expands Operations To Kazan

Russian e-grocery service Yandex.Lavka has expanded its operations to Kazan, offering consumers in the Tatarstan-based city grocery deliveries within 15 mi...

Russia's O'Key Group Sees Revenue Up 5.6% In FY 2020

Russian retailer O'Key Group has reported a 5.6% year-on-year growth in revenue to RUB174.3 billion (€1.95 billion) in its financial year 2020. The...

Russia's Ozon Sees 144% Jump In Trade In First Post-IPO Results

Ozon has reported a 144% jump in 2020 gross merchandise volume (GMV) to RUB197.4 billion (€2.2 billion) in the Russian online retailer's first results...

IGC Sees Record Global Grain Production In 2021/22 Season

The International Grains Council (IGC) has forecast global grain production would climb to a record 2.287 billion tonnes in the 2021/22 seas...

Russia To Extend Sugar, Sunflower Oil Price Cuts To Fight Food Inflation

Russia's government plans to extend retail price cuts on sugar and sunflower oil and eliminate some import taxes in its battle to tame the country's rising...