VTB acquires majority stake in Russian grain trader Mirogroup

RUSSIA — Russian state-controlled bank VTB has revealed that it has completed the purchase of a 70% stake in Russian grain trader Mirogroup, the Reuters reports. The transaction expands the lender’s diversification into the grain […]

Symrise expands dry taste solutions with new liquid flavoring line

RUSSIA – The Dutch flavors and fragrances company, Symrise has launched a new production line for liquid flavorings at its Rogovo facility in Russia, expanding dry taste solutions range. The expansion allows the company to […]

Russia extends zero duty on wheat export on a stable market

RUSSIA – The Russian government has extended the zero rate for the wheat export duty to July 1, 2021. According to Russia’s Agriculture Minister Dmitry Patrushev, there were no reasons to abolish the zero-duty rate […]

Heineken Russia launches new bottles using PET Engineering technology

RUSSIA – Global beer brewer, Heineken has launched two new PET bottles developed using PET Engineering’s interchangeable insert system technology. The new bottle designs have been used for brands Tri Medvedya, Okhota and Okckoe by […]

Russia’s grain traders form new state-led exporters’ association

RUSSIA – Russia’s major grain trading companies have agreed to form a new association to foresee control over grain exports. The new union called the Russian Union of Grain Exporters (RUGE), was founded by Russia’s […]

VTB Bank to acquire grain terminal from Novorossiysk Commercial in Russia

RUSSIA – VTB Bank, one of the leading universal banks of Russia has reached an agreement to acquire a grain terminal from Novorossiysk Commercial Sea Port (NSCP), a leading commercial sea port operator for an […]

Kazakhstan, Iran and Russia sign wheat trade cooperation agreement

RUSSIA – Ministry representatives from Kazakhstan, Iran and Russia have signed a Memorandum of Understanding on wheat trade, a step towards boosting trade cooperation between the countries. An AzerNews report stated that the memorandum was […]

Amber Beverage agrees to acquire Russian spirits producer Permalko

RUSSIA – Amber Beverage Group, a subsidiary of the alcoholic beverages producer SPI Group has announced that it set to acquire a controlling stake in Permalko for an undisclosed sum. As part of the transaction, […]

Barry Callebaut Group signs agreement to acquire chocolate producer Inforum

RUSSIA – The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire Inforum, a leading Russian B2B producer of chocolate, coatings and fillings, serving many […]