Profitability of Russian fish export increased

German Zverev, President of the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters, said that the profitability of fish exports is growing faster than its volume.

According to the Federal Customs Service, in 2019, exports grew by 6.27%, to $ 4.467 billion. In physical terms, on the contrary, it decreased by 3.7%, to 1,665,598 tons, Interfax reports.

The decline in exports, as explained in the Association, is associated with an increase in the share of deliveries to the domestic market of Russia, especially with regard to the species popular among Russian buyers – herring, chum salmon, pink salmon and mackerel. Iwashi sardines, squid and shrimp are increasingly exported. Spain buys herring, pollock and cod, Singapore buys herring, UK – pollock, cod and haddock.

Belarus resumed export of oil products

Belarus canceled the suspension of oil product exports. This was announced on Tuesday by the head of Belneftekhim Andrei Rybakov.

“It was a short suspension period. The suspension was canceled. Although we have not yet reached the export volumes that were prescribed by us in the business plan. But export is not prohibited” – said the head of the concern, whose words are quoted by BelTA.

Rybakov added that Belarus is ready to conclude contracts for the supply of oil from alternative sources to Russia and will soon wait for the supply of raw materials to the republic.

“Alternative deliveries are being worked out. I will not announce it, but there are almost ready-made contracts,” he said.

At the same time, the head of the concern did not specify from which countries oil would be delivered. Speaking about alternative revenues, Rybakov said that “this applies not only to the oil itself, but also to the logistics channels for its receipt – it will not be through ports or the railway, these will be other directions”.


Vladimir Putin meeting with EAEU counterparts in St. Petersburg

Five presidents of the Eurasian Economic Union (EAEU) member-countries have begun their meeting in St. Petersburg.

According to the Russian president’s press service, the participants in the summit will consider the current issues of the Eurasian Economic Union’s activities and outline tasks to further deepen cooperation and improve the functioning of the single market.

In 2020, the EAEU chairmanship will go over from Armenia to Belarus.

The EAEU member-states are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The EAEU marks its fifth anniversary, an agreement on establishing it signed in May 2014 entered into force on January 1, 2015.

Russia to send goods to Uzbekistan via agro-express trains

Russia will supply meat, dairy and confectionery products to Uzbekistan through agroexpress (specialized railway service for delivering food products), Alevtina Kirillova, project manager for the development of export logistics at the Russian Export Center (REC).

Recently it was reported that the Russian, Uzbekistan and Kazakhstan railway companies, together with Russian Export Center (REC), are working on the possibility of launching express trains across the three countries.

“The development of the launch of agro-express trains is underway – together with the railways of Russia, Uzbekistan and Kazakhstan. The Russian export center acts as an integrator for launching such trains,” said Kirillova.

Kirillova added that it is planned to supply Russian meat and dairy and confectionery products to Uzbekistan with these agricultural expresses. Deliveries of fruits and vegetables are considered as reverse loading.

Project manager at REC stated that the quality of fruits and vegetables is very high in Uzbekistan and there is a demand for them in Russia.

“We expect that the rail companies of all three countries will benefit from the launch due to an increase in freight traffic. As part of the negotiations, certain agreements were reached on the possibility of parity tariff discounts from carriers. The provision of such a tariff discount, in turn, will be a good incentive measure to attract freight traffic,” Kirillova emphasized.

Oil and fat exports increased by 26% in 2019

The volume of oil and fat products in 2019 compared with 2018 increased by 26% – up to about $ 4 billion. The main importers of domestic oil and fat products were China, the countries of the European Union, Turkey, Iran and Uzbekistan.

According to the press service of the Ministry of Agriculture of the Russian Federation, the largest increase was due to the export of sunflower oil (about $ 2.1 billion), oilcake ($ 600 million), as well as rapeseed and soybean oil ($ 515 and 400 million, respectively).

The first meeting of representatives of the customs services of Russia and Turkey took place in Sochi

On January 15-16, 2020, the first meeting of the Russian-Turkish Working Group on Cooperation in the Field of Risk Management was held in Sochi.

The meeting was chaired by the First Deputy Head of the Customs Risk Control Department of the FCS of Russia Valery Byshovets and the Deputy Head of the General Department of Risk Management of the Turkish Customs Service Ali Toxoz.

The main goal of the meeting is to determine the format and directions of further cooperation in which both parties will be interested. In 2019, in value terms, the volume of goods imported from Turkey to Russia increased by 11% and amounted to more than 3 billion US dollars.

During the meeting, the parties also discussed issues of exchanging information on foreign economic activity participants classified as high and low risk levels, on certain types of goods of greatest interest to each of the parties, on risk areas and specific significant risk objects, and considered proposals for the exchange of experience in areas of risk analysis and management.

The parties decided to continue cooperation and consider the possibility of establishing an information exchange between the customs services of states, which will allow faster customs clearance and more efficient customs control of imported goods.

Following the meeting, a protocol was signed that aims to strengthen and improve cooperation between the Russian and Turkish customs services.

Lavrov says US-Russia trade increased to $27bln under Trump

Trade between the US and Russia has increased during the Donald Trump administration in spite of the sanctions levied on Moscow, the Russian FM has revealed. Washington sees it as an excuse to keep the sanctions in place, though.

“Regardless of the sanctions – which obviously hurt everyone – the trade between our two countries has grown during the Trump presidency from $20 billion, to which it was reduced under President Obama, to $27 billion this year,” Russian Foreign Minister, Sergey Lavrov, told reporters in Washington, DC on Tuesday, after meeting with US Secretary of State, Mike Pompeo.

“This is an increase of almost one third, and means new jobs in both countries and an increase in the profits of producers. I think that if we give additional incentives to such cooperation, the results will be even more mutually beneficial,” Lavrov added.

While the Russian diplomat framed the trade numbers as an argument against the US blockade, Pompeo reiterated his government’s commitment to keeping it in place. Asked what the conditions for lifting the sanctions would be, the secretary of state declined to answer, adding only that the Trump administration regarded the sanctions as “appropriate given US policy, US law and risks that are presented.”

He did, however, mention possible “significant progress” in the economic relationship between Washington and Moscow that could be announced in the “next short period of time,” without offering any details.

China has expanded the list of Russian suppliers of poultry meat

Under the guarantee of the Rosselkhoznadzor, the Main Customs Directorate of the People’s Republic of China added another 11 Russian enterprises to the white list of suppliers of poultry products.

According to the Russian department, at present, 40 Russian poultry processing companies and 15 enterprises for storing these products have the right to export goods.

In addition, after lengthy negotiations, China agreed to supply by-products of Russian turkeys to the PRC.

First railway bridge connecting Russia & China promises to boost trade to new highs

The construction of the long-awaited railway bridge between Russia and China will be finished by the end of next year, according to Russian presidential envoy to the Far Eastern Federal District, Yury Trutnev.

Work on the bridge was initially scheduled to be completed in the first half of 2020, but due to difficulties the initial project had to be redesigned.

“We’ll have to start a new project, because the river where our (Russian) side of the bridge is being built, and pillars already installed, is much deeper than what they were designed for. The project objectively needs to be changed,” Trutnev told journalists on Monday.

He added that the changes to the project are planned to be made without attracting additional federal budget funds.

The 2,209-meter-long (1.4 mile) structure linking Russia’s Far East with China’s northernmost Heilongjiang province is expected to take bilateral trade to new highs. The project aims to develop an international corridor connecting China’s northeastern railway networks with Russia’s Siberian railway networks, according to Li Huachao, a chief engineer of China Railway Major Bridge Engineering Group.

The highway section of the bridge over the Amur river was completed last month. Cargo volume is expected to see an eight-fold increase to four million tons when the route becomes operational.

“The bridge has a strategic importance for us. It is very promising for our region,” said the governor of Russia’s Amur Region Vasily Orlov during the official ceremony marking the highway section’s completion.

The agreement on the ambitious $300-million construction project was reached in 2013, following 28 years of negotiations between the two countries. Construction works officially started in 2016. Russia plans to export iron ore, coal, mineral fertilizers, lumber and other goods to China via the link.