Tag Archives: Russia

WTO dispute settlement cases against Russia

The European Union requested the World Trade Organisation (WTO) to rule on a dispute concerning certain measures adopted by Russia affecting the importation of live pigs and their genetic material, pork, pork products and certain other commodities from the European Union, purportedly because of concerns related to cases of African swine fever.

Russia closed its market to the EU – cutting off almost 25% of all EU exports – at the end of January 2014. It based its decision on four isolated cases of African swine fever (ASF) detected in wild boar at the Lithuanian and Polish borders with Belarus.

The EU claims that the Russian import restrictions are inconsistent with the WTO, notably with the Agreement on the Application of Sanitary and Phytosanitary measures (SPS Agreement) and the GATT 1994.

EU: restrictive measrues against Russia

Red Square Snow

On December 2016, the Council prolonged the economic sanctions targeting specific sectors of Russian economy until 31 July 2017 – sectoral restrictive measures, initially imposed on 31 July 2014 as a response on Russian position in Ukrainian conflict. They are targeting financial, energy and defense industries sectors plus dual-use goods.

Later, on March 2015 the European Council decided to establish a connection on sanctions to complete implementation of the Minsk agreements, aimed at conflict resolution in Ukraine. Unfortunately Minsk agreements were not implemented by the end of 2015 as expected. Subsequently to its decision to couple the sanctions to Minsk agreement implementation the sanctions, imposed on Russia have been prolonged already several times.

The latest assessment of the implementation of the Minsk agreements by the European Council meeting on 15 December, the heads of states and governments agreed to continue the policy of sanctions against Russian Federation. The decision was proceeded by written as it was a unanimous decision without any further changes of the text.

As previously the restrictive measures are concerning the limitation of access to the EU primary and secondary capital markets for five biggest Russian state-owned financial institutions and their majority-owned subsidiaries established outside the EU; three leading energy and defence companies; export and import ban on trade in arms; ban on dual-use goods for military use or military users in Russia; curtail Russian access to a number of sensitive technologies and services enhancing oil exploration and production.

The sectoral sanctions are combined with targeting of individuals, considered by EU as responsible for continuation of the Ukrainian conflict: visa ban and asset freeze in case applicable. At present there is a 152 strong list of individuals and 37 entities until March 15 2017, and the initial restrictive measures  in response to ‘illegal annexation of Crimea and Sevastopol” until 23 June 2017.

Source: EU Council, EEAS

Turkish stream: Gazprom rompt le contrat #business #gazprom #russia #turkey

turkishstream

Gazprom a annoncé la rupture de contrat avec Saipem concernant la construction du gazoduc Turkish Stream. Les négociations avec la Turquie traînent en longueur, ce qui empêche le lancement des travaux. Le ministre turc de l’Energie, Taner Yildiz, espère que ce document sera signé le plus vite possible.

Une filiale de Gazprom, South Stream Transport BV, a informé l’italien Saipem de la rupture du contrat portant sur la construction de la première branche du gazoduc Turkish Stream.

Cette décision est inattendue, notamment compte tenu du fait qu’un navire de cette compagnie italienne spécialisée dans la recherche et les forages pétroliers avait jeté l’ancre le 6 juillet près d’Anapa, en mer Noire, pour commencer les travaux.

South Stream Transport BV explique cette décision par la nécessité “d’arriver à un accord sur les questions pratiques et commerciales en ce qui concerne la réalisation du projet de Turkish Stream”. Les négociations avec la Turquie traînent en longueur, ce qui fait obstacle au lancement des travaux.

En raison de la rupture de contrat, Gazprom paiera à Saipem 300 millions de dollars pour la durée d’immobilisation de six mois, période écoulée depuis la suspension de South Stream. Les experts estiment que le groupe russe pourrait négocier le prix des compensations.

Gazprom avait auparavant signé un contrat sur les services de deux navires de forages de la compagnie italienne, Saipem — Castoro 6 et Saipem 7000 — pour la construction de la partie sous-marine de gazoduc South Stream. Ce projet a été abandonné début décembre 2014 et remplacé par le projet de Turkish Stream.

Le 8 mai, Saipem a annoncé le renouvellement de son contrat avec South Stream Transport portant sur la construction de la partie sous-marine du gazoduc Turkish Stream.

Lire la suite: http://fr.sputniknews.com/russie/20150709/1016924418.html#ixzz3fr6cgVnV

Ruble navigates through rally as investments surge.#russia #econonomics

rouble

The Russian ruble continues its steady rise as the government and Central Bank attempt to convert its recent success into economic growth and a balanced budget.

The Russian ruble is rising through a combination of the beginning of the tax season on Saturday, higher oil prices and relatively high interest rates.

The growth is seen as both an opportunity for investors and a threat to Russia’s budget and the Central Bank’s reserves. Russian Prime Minister Dmitry Medvedev said on Tuesday said that the Central Bank may lower interest rates as a result of slowed down inflation.

“It’s completely obvious that when big sums of money try to squeeze back into Russia through the bottleneck of ruble liquidity, narrowed by high interest rates, there is a deficit of rubles,” Russian bank VTB24 investment department analyst Aleksey Mikheev wrote.

“The current speculative factor of the strengthening ruble lays in place risks of its quick weakening in the future, as the attractiveness of carry trade will become lower as a result of either the regulator’s limiting measures, pressure on the ruble as a result of the fall in oil prices or through geopolitical factors,” Bank Zenit analyst Vladimir Evstifeev wrote.

Capital analysts don’t see the ruble permanently breaching the 50 ruble to the dollar mark as the Central Bank is set on maintaining the current rate through regulatory mechanisms.

Read more: http://sputniknews.com/business/20150414/1020866706.html#ixzz3XIJE5ywo

Filière nucléaire: la montée en puissance de Rosatom #rosatom #nucleaire #energie #russie

rosatom

Selon l’association nucléaire mondiale, le groupe  russe Rosatom est actuellement le seul acteur capable de proposer toute la gamme des services du nucléaire civil.

“La production d’énergie atomique en Russie a considérablement augmenté depuis le milieu des années 1990” estime l’ANM.

Le portefeuille des projets réalisés à l’étranger par Rosatom dépasse les 100 milliards de dollars. Selon l’ANM le consortium est avantagé par les coûts compétitifs du nucléaire russe. Les experts soulignent l’important potentiel scientifique et technique du groupe. Rosatom propose notamment une prise en charge élargie, de la fourniture du combustible jusqu’au retraitement. Les compétences technologiques sont aujourd’hui considérées comme très fiables par l’Agence internationale pour l’énergie atomique (AIEA).

L’industrie nucléaire est une composante stratégique de premier plan au sein des politiques économiques et internationales russes. Le pays compte actuellement 9 réacteurs en construction sur son territoire. La filière énergétique russe a pour stratégie de s’implanter dans les pays primo-accédants à l’énergie nucléaire, avec plus d’une vingtaine de projets de réacteurs à l’étranger.

Rosatom a notamment obtenu des contrats avec l’Inde en 2014:  12 réacteurs sur vingt ans. Le groupe n’est pas inactif en Europe: un contrat a été conclu avec la Finlande (1 centrale), ainsi qu’avec la Hongrie, la Turquie et bien d’autres.

 

Paul COZETTE

Russian ruble devaluation #russia #ruble #euro #currency

rouble

While the President of the Donetsk People’s Republic, Alexander Zakharchenko, announced yesterday that he wanted to adopt the Russian ruble as national currency (in order to exchange with Russia and hoping to stabilize the economy), the exchange rate of the ruble doesn’t stop sinking.

However, the Russian ruble has been used for 700 years in a lot of different countries (nowadays we can name Byelorussia and the Abkhazia). Since then, why does it suffer from such a devaluation?

In August 2014, 1 euro represented 48,65 Russian rubles, and 1 dollar,  37,09 rubles.
Currently, 1 euro amounts to 68,71 rubles and 1 dollar 60,71 (26/02.2015). This collapse falls to the “Ruble crises”, that begins in July 2014 and reaches its height in December of the same year (the 16th of December, 1 euro equaled 84,90 rubles and one dollar, 67,91 rubles).

Some reasons might explain this : the drop of oil prices (oil represents 2/3 of Russian exportations and half of its revenues), speculations against ruble and the economic sanctions imposed by the USA and the European Union.

This crises leads to concrete repercussions on the Russian daily life : an important capital flight and increasing of the prices by 10%. People invest and buy furnitures, cars and electrical appliances.

Anastasiya Tretyak

The 2018 FIFA World Cup in Russia attracts belgian companies #Russia #Belgium #FIFA #football

sotchi

The 2018 FIFA World Cup that takes place in Russia is a real eye-catcher for belgian companies. This project’s magnitude might even surpass the 2014 Sochi Olympic Winter Games one. The Belgian Embassy in Russia organized a presentation in order to promote belgian companies at the end of November. They are attracted with huge business opportunities and hope to get public tenders.

In fact, according to official statistics, 1,7 billion euros were used for the Winter Olympic Games groundwork (this number does not include infrastructure investments). Fees planned for 2018 World Cup should widely surpass those planned for Sochi : nearly 11 billion euros have already been released for the infrastructure programm. 5,8 billion euros will go to transports and 3 billion euros to sports infrastructures. The event is held in 11 Russian cities (Moscow, St-Petersburg, Volgograd, Sochi, Kaliningrad, Kazan, Samara, Saransk, Kaliningrad, Rostov-on-the-Don, Ekatirinburg) and 12 different stadiums. Loujniki Moscow stadium is the bigger one with a capacity of 81 000 spectators.

It is thus not surprising that belgian companies hope to receive public tenders. A success would represent an exceptional windfall for entrepreneurs, opening up the way to russian market, a way furher than the World Cup boundaries.

Belgian building companies are the most represented. A stress was put on their ability to manage concrete problems and their capacity to adapt to all  circumstances.

However it takes time to select the suppliers markets and no official calendar has already been published, belgian companies are willing to participate to this exciting opportunity.

Anastasiya Tretyak

The Eurasian Economic Union. A conference of the CCBLR #Brussels #eeu#beci #Russia

CCBLR

On February the 25th in Brussels, the Belgian-Luxemburg chamber of commerce for Russia, Belarus and Kazakhstan held a conference on the development of foreign economic cooperation with the Eurasian Economic Union. BECI, the Cultural and Scientific center of Russia in Brussels, the  and the Trade representation of the Russian Federation were the partners for this event.

A lot of important companies and diplomats took part at the meeting. It was focused on trade defence instruments, the working of  the eec, specific questions of medicines, transport, customs legislation of the Eurasian Economic Union, “technical regulation issues of the Eurasian Economic Union

A networking lunch closed this intresting event where the belgian audience held a videoconference with the EEC key persons in Moscow.

http://www.eurasiancommission.org/en/Pages/default.aspx

Anastasiya TRETYAK

Le Sukhoï Superjet 100 accède au marché européen #airlines #russia #belgium #flanders #deurne #antwerpen

Sukhoi

La compagnie aérienne belge VLM Airlines est la première compagnie européenne à avoir commandé des avions de ligne russes Sukhoï Superjet 100. Deux avions seront officiellement reçus d’ici avril 2015, tandis qu’un droit a été posé sur dix autres supplémentaires. Jusqu’à présent, le principal acheteur est Aeroflot.

Le Sukhoi Superjet 100 (SSJ100 ou “Russian Regional Jet”) est le seul avion russe à être considéré conforme selon les normes européennes EASA. 88 modèles ont déjà été construits (principalement à Komsomolsk-sur-l’Amour) depuis sa conception en 2008.

 

http://flyvlm.com/

http://www.sukhoi.org/eng/

 

THE EU-RUSSIA ENERGY RELATIONS AT THE BELGIAN-LUXEMBOURG CHAMBER OF COMMERCE FOR RUSSIA AND BELARUS.

petrolerusse

The Belgian Luxembourg Chamber of Commerce for Russia and Belarus organized this Friday, March 14th an important conference on energy ties between Russia and the European Union.
There distinguished speakers belonging to the world of   diplomacy and “majors” of the Russian energy world addressed the audience. Thus spoke HE Mark ENTIN , Russian ambassador to Luxembourg ; HE André MERNIER, former Belgian ambassador to Moscow, H.E.  Aleksandr KRESTIYANOV , Deputy Permanent Representative of Russia to the EU and Didier CASIMIRO , vice President for Belgium of Rosneft .Gazprom ‘s representative in Belgium , Mr. Yuri Lavrov also made an intresting intervention.

Many personalities from the world of the press,  of energy and European Affairs were there.

The Russian energy as a whole was discussed at this high-level conference . Oil and gas. Russia is the largest supplier of crude oil to the European Union. It has a modern infrastructure for the delivery of these raw materials like  deep water ports in the White Sea and the Black Sea (Primarsk for example) , modern refineries. A company like Rosneft has invested in refineries in the Ruhr in Germany and Italy ( Sicily). Russia is already present in Europe thus.

Supply of Europe by Russia is a crucial point of the energy policy of the EU and therefore many meetings between energy officials of the European Union and Russian suppliers take place.

MD DESNERCK

www.ccblr.org

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