Russia may consider lifting food ban from Greece, Hungary, Cyprus

Moscow | Reuters — The Russian government could consider removing Greece, Hungary and Cyprus from its ban on most Western food imports, Russian Agriculture Minister Nikolai Fyodorov was quoted as saying Tuesday. Russia’s ban, which should run until early August, was imposed in retaliation to Western sanctions on Russia over Moscow’s role in the Ukraine […] Read more



Russia seen removing wheat tax in July if inflation slows

Moscow | Reuters — Russia, one of the world’s leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said. Russia’s economy has been hit hard by low global oil prices and Western sanctions due […] Read more