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❗️Putin signed a decree on the mandatory sale of foreign currency earnings by a number of companies It will affect 43 groups of exporting companies related to the fuel and energy complex, ferrous and non-ferrous metallurgy, chemical and forestry industries, and grain farming. Mandatory repatriation and sale of foreign currency earnings on the Russian market is introduced for 6 months.

Repost from Roscongress Direct
Petroleum products market to continue to grow 📊 The average growth rate in the coming years will exceed 5%, experts from the
Petroleum products market to continue to grow 📊 The average growth rate in the coming years will exceed 5%, experts from the Roscongress Foundation believe. The main trends of the market are outlined in a new analytical report "High Margin: Perspectives of Petroleum Products Market." 🇷🇺 Russia will continue to reorient its export supplies. 🇺🇸 🇨🇳 The main players will maintain their positions, with competition possibly arising between the United States and China. 🇮🇳 India will not be able to reach the top three in the foreseeable future. 🗺️ Europe will focus on increasing capacities but will heavily depend on imported crude oil. 📌 The survey in full is available on the official website in Russian. @RoscongressDirect

Repost from Roscongress Direct
Russia and ASEAN countries can discuss partnership in transitioning to carbon neutrality and developing renewable energy sour
Russia and ASEAN countries can discuss partnership in transitioning to carbon neutrality and developing renewable energy sources Nuki Utama, Executive Director of the ASEAN Centre for Energy, expressed this opinion during a panel session of the “Territory of Energy Dialogue 2023” Scientific and Practical Conference. 📊 According to the ASEAN Energy Outlook 2022, energy demand in Southeast Asia will triple by 2050. These changes require adjustments to the region’s energy development models. Russia is also formulating a new energy strategy until 2050, considering the goal of achieving carbon neutrality by 2060. 📌 This year, the conference has gained international status and is traditionally held within the framework of the Russian Energy Week International Forum. @RoscongressDirect #REW2023

The Ministry of Energy announced the conditions for the export of diesel fuel through pipelines. First Deputy Head of the Department Pavel Sorokin said that the quota should not exceed the average monthly volume of supplies over the past eight months

Export guides: dairy products (Algeria, Kuwait, Bangladesh, Thailand). What does an exporter need to know? - Agroexport Collectively, imports of dairy products into Algeria, Kuwait, Bangladesh and Thailand annually exceed $0.5 billion. At the same time, in Kuwait the level of self-sufficiency in milk and dairy products is only 11%, and in Algeria - 53-55%. Rapid population growth in these countries and the trend towards healthy lifestyles increase the long-term potential for Russian dairy exports.

The potential for transporting refrigerated cargo to new export markets is 20 billion rubles. per year - CEP Talks While empty containers are piling up in warehouses and railway tracks in Elektrougli, the refrigerated transportation market can receive good volumes for export. Previously, Russian producers received permission to export pork to China. The potential for increasing the total export of pork meat from Russia, according to our estimates, is about 500 thousand tons annually compared to current volumes. Shipping temperature-sensitive cargo requires strict requirements from the shipper and buyer, requiring special containers, infrastructure and tracking, so transportation is much more expensive than usual. When loading a 40-foot container with pork, 25 thousand container shipments will be required - 20 tons each. If we take the container turnover at the level of 90 days, then the needs of exporters for reefs can be estimated at 6.2 thousand containers. Production order for 10 billion rubles. may become an important help for Russian railcar manufacturers and equipment manufacturers, but it will not be easy to occupy a niche in the container production market monopolized by China. In terms of transportation, this is about 100 additional container trains annually with pork alone. Such volumes can be sent by road to the marine terminals of the North-West, which are interested in restoring the cargo base, and then by container ships to China. At the base cost of sending Moscow. region - Shanghai 7-8 thousand dollars / 40-foot refrigerated container, the transportation market will amount to 20 billion rubles. annually – a good addition for logistics companies.

The Russian government approved a duty on fuel exports The Russian government has approved a protective duty on fuel exports for non-producers of 50 thousand rubles per ton until the end of 2025, follows from the Cabinet resolution. It states that the coefficient n for the customs duty on fuel exports is taken equal to zero if the declarant can provide one of the documents confirming that he is an oil refiner. If he cannot confirm that he has processing capacity, the coefficient n for him is taken equal to 50 thousand rubles per ton. “From January 1, 2026, the coefficient N is taken equal to 0 rubles per ton for all categories of persons,” the document says.

Canada secretly gave the green light to businesses to bypass their own sanctions against Russia, reports local publication Le Devoir.

The son of the president of Africa's poorest country, Equatorial Guinea, rented a penthouse in New York for $75,000 a night. At the same time, at the UN Assembly, Teodoro Nguema Obiang Mangue complained that Africa was not developing. That’s the shame!

China is ringing the shelves Smartphone manufacturers will open their own stores in Russia Chinese manufacturers of smartphones, tablets, laptops and other electronics Tecno and Realme plan to open branded stores in the Russian Federation in 2024. For brands that are strengthening their presence in the country, showrooms are more likely to help with promotion and increasing consumer confidence than with direct sales, which are increasingly moving online, market participants note. Chinese smartphone manufacturer Tecno plans to open several pilot brand stores together with a partner in the first quarter of 2024. Own stores will allow you to present the entire range, as well as demonstrate the entire ecosystem to customers. Another Chinese smartphone vendor also plans to launch its own points of sale. Realme will also begin to develop showrooms in the Russian Federation in 2024. Realme showed interest in the project of its own stores in the Russian Federation, Marvel Distribution confirmed. They believe that the opening of brand stores “should be considered not so much from the point of view of increasing sales, but from the point of view of additional marketing promotion.”

⚡️⚡️Bloomberg: Saudi Aramco is pursuing new acquisitions in the LNG space after the industry's first-ever deal last month as
⚡️⚡️Bloomberg: Saudi Aramco is pursuing new acquisitions in the LNG space after the industry's first-ever deal last month as demand for the fuel surges. The company announced its entry into the LNG market by purchasing a stake in a company that has acquired interests in 4 Australian LNG projects. The Saudi company is diversifying its capabilities beyond its core business into gas and low-carbon energy solutions. To achieve this, Aramco can use mergers and acquisitions.

The volume of imports of new passenger cars into Russia at the end of September reached a record level over the past 3 years. In the first autumn month, 80.8 thousand new passenger cars were delivered to Russia from abroad. The previous record was set in July – 80.3 thousand units. But the import of used passenger cars in September 2023 showed the lowest monthly result this year - 17.2 thousand units. For comparison: this is three times less than in July (51.3 thousand units), and almost twice as low as in August (32 thousand units)

Bloomberg: Chocolate prices will continue to rise if Africa's cocoa harvest falls Cocoa prices have risen by about 47% for 20
Bloomberg: Chocolate prices will continue to rise if Africa's cocoa harvest falls Cocoa prices have risen by about 47% for 2023 due to expectations of poor harvests in Ivory Coast and Ghana due to bad weather and the spread of plant diseases. The El Niño weather phenomenon could worsen the situation with cocoa production in Africa; analysts expect chocolate prices to continue to rise, Bloomberg reports. According to the agency, the world's leading chocolate manufacturers, including Hershey Co. and Lindt & Spruengli AG have already warned of a possible continued rise in product prices. Companies fear that demand for more expensive chocolate will decrease in Europe and Asia.

Russia will increase purchases of Tunisian products, primarily agricultural and textiles, Foreign Minister Sergei Lavrov said
Russia will increase purchases of Tunisian products, primarily agricultural and textiles, Foreign Minister Sergei Lavrov said

Almost 60 countries buy Russian fertilizers In the first half of 2023, Russia sold at least $6.6 billion worth of fertilizers to the world market, and the main buyers were Brazil, India and the United States, according to RIA Novosti calculations based on data from the UN Comtrade platform of national statistical services. Thus, according to open data, in January-June, Russian companies supplied fertilizers to 57 countries for a total amount of $6.6 billion. However, some traditional buyers, particularly in Africa and Asia, do not disclose relevant information.

The General Administration of Customs of the People's Republic of China lifted 15-year restrictions on pork exports from Russia

Russia’s trade turnover with African countries over the eight months of 2023 increased to $15.5 billion (+43.5%), the Ministry of Economic Development said.

Russia and Iran agreed to conclude a memorandum of cooperation between the Free zones. Deputy Minister of Economic Developmen
Russia and Iran agreed to conclude a memorandum of cooperation between the Free zones. Deputy Minister of Economic Development of Russia Dmitry Vakhrukov and Advisor to the President of the Islamic Republic of Iran - Secretary of the Supreme Council of Free Trade, Industry and Special Economic Zones of Iran Abdol Maleki Hojatallah agreed to sign in November this year a memorandum on cooperation between special economic zones of Russia and Iran, which will be aimed at expansion of connections between free zones for production, trade, economic and investment interaction.

The first full train with 2655 tons of grain, sent from Ussuriysk station (Far Eastern Road) using the Freight Express technology, arrived last week in China through the Grodekovo international checkpoint (https://www.gudok.ru/newspaper/?archive= 2023.09.26)

Saudi Arabia and Russia have earned billions of dollars in additional oil revenues in recent months thanks to OPEC+'s decision to cut production and the subsequent rise in oil prices - WSJ. According to the publication, Moscow will earn an additional $2.8 billion in the current quarter.