Russian farmers about to reap bumper grain harvest USDA
RT.com
13 May 2021, 21:12 GMT+10
Russia is projected to produce 85 million tons of wheat in the next agricultural season, according to the US Department of Agriculture (USDA). That would make it one of the best harvests in post-Soviet history.
Russian farmers reaped a record wheat harvest of more than 86 million tons in 2017, with the overall production of grains reaching over 135.5 million tons.
The second largest wheat crop was harvested last year. It totaled 85.9 million tons, while production of all grains, including wheat, neared 133.465 million tons, according to Russia s Federal State Statistics Service.
Nornickel to provide $2bn for Norilsk’s development
Norilsk, Krasnoyarsk Krai, Russia.
(Image by Ninara, Flickr).
Russia’s Norilsk Nickel, the world’s largest producer of palladium and nickel, announced the launching of a $2 billion program to support the city of Norilsk, located above the Arctic Circle and which hosts the company’s main industrial campus.
According to the miner’s CEO, Vladimir Potanin, the program involves four parties, including Norilsk Nickel, the federal government and regional authorities. The idea is for it to be introduced before 2024.
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The funds will be used to launch social initiatives that promote enrollment in the Norilsk State Industrial Institute, as well as projects to build new housing for the city and advance infrastructure enhancements and renovations such as the refurbishing of unused factories and abandoned apartment buildings.
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Saudi Arabia managed to convince other participants in the oil output cut deal that it was too early to boost production, and as a result, market shortages will remain at about the same level, making it possible to rapidly reduce oil inventories and keep prices at the $60-70 mark, Dmitry Marinchenko of Fitch said. The OPEC+ countries have taken note of the fact that oil demand will remain weak until vaccination campaigns are over, that is, until the summer at the earliest. According to the expert, the waiver for Russia and Kazakhstan indicates the flexibility that Saudi Arabia and other countries are ready to show in order to maintain the agreement.