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© Yves Herman
Russia considering tax on junk food
The Russian government is thinking of adding palm oil, soda and potato chips to the list of excisable goods, business daily Vedomosti quotes two government officials as saying. The measure would be part of a plan to get Russians eating a healthier diet as well as boost tax revenues.

Business snaps

  • Sukhoi to sell planes to airlines in Denmark, Ireland and Mexico

    Russia’s Ministry of Industry and Trade has announced plans to sell 12 more Sukhoi Superjet 100 (SSJ-100) aircraft to airlines in Ireland, Mexico and Denmark this year.  Preliminary agreement with the Irish airline CityJet was signed in October last year. The contract covered the delivery of 15 SSJ-100 with an option for 10 more planes. According to the Sukhoi Civil Aircraft Company, the Mexican airline Interjet is currently using 19 aircraft with Aeroflot remaining the largest operator having 26 liners. Gazpromavia operates 10 aircraft with extended range.

  • Tokyo & Tehran to ink investment deal – Japanese FM

    Japan and Iran will sign a bilateral investment agreement with the lifting of sanctions against Tehran, said Japanese Foreign Minister Fumio Kishida on Friday. According to Kishida, the deal will help expand economic relations between the two countries and contribute to the implementation of agreements on the Iranian nuclear program to promote peace and stability in the Middle East. The sides reached a preliminary agreement on the issue in October during Kishida’s visit to Iran.

  • Lukoil to sell petrol station network in Eastern Europe

    Russia's biggest private oil firm Lukoil plans to sell around 230 of its filling stations in Lithuania, Latvia and Poland to Austrian company AMIC Energy Management. The deal is to be closed in the second quarter of 2016, according to the company. Lukoil’s decision about the network sale is part of a program to optimize its retail asset structure in Europe.

  • Russian food exports down to $15 billion in 2015

    Agricultural and food exports from Russia fell by $5 billion last year from $20 billion in 2014, according to the Russian Minister of Agriculture Alexander Tkachev. He said that in 2015 the country exported $15 billion worth of military equipment while exports of gas totaled $40 billion."Exporting is a key strategic goal which should attract investment," the minister said on Friday. Russia should enter the Asian and Arabic markets where 40 percent of the world population lives, Tkachev added.

  • Russia ‘in talks’ with trustees over Ukraine debt – minister

    Russia is still in negotiations with trustees over the Moscow-held $3 billion bond bought from Ukraine, Reuters quoted Russian Finance Minister Anton Siluanov as saying on Friday. He added that the talks “have been a bit too slow.”

  • Russia’s foreign trade surplus down by $48.9bn in 2015 to $161.4bn

    Russia’s foreign trade surplus dropped by 33 percent ($48.9 billion) in 2015 to $161.4 billion, TASS reported on Friday. The figures were announced by the Federal Customs Service.

  • Mechel shares up 10% in Moscow, debt restructuring reported

    Mechel’s ordinary shares surged by 9.1 percent to 69.79 rubles at the opening trade on the Moscow Exchange on Friday. Preferred shares rose by 10 percent to 45.5 rubles. Reports said that VTB is cooperating with Mechel as it proceeds with fulfilling all obligations on its debt restructuring. The board of directors recommended the general shareholders meeting to be held on March 4 to approve deals on guarantees and pledges made by the company in favor of Sberbank, Gazprombank, VTB and other lending banks. “Debt repayment start will be postponed until 2017 within the framework of these agreements and the repayment of the majority of loans may be postponed until 2020,” TASS quoted the majority owner of the company, Igor Zyuzin, as saying.


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The escalation of tensions between Saudi Arabia and Iran is: