Russia

GettyImages/JeanUrsula

Danone commits to costly exit from Russia

By Teodora Lyubomirova

The transaction could lead to a write-off of up to €1bn but the multi-national says this is ‘the best option’ to ensure long-term business continuity.

Pic: Valio

Valio to sell Russian operations to Velkom

By Jim Cornall

Finnish dairy company Valio has completed negotiations on the divestment of its Russian operations. Valio will sell the operations to Velkom Group. The transaction will take place immediately.

The company portfolio now consists of 71 products across Russia. Pic: Ekosem-Agrar

Ekosem-Agrar growth continues

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, said the volume of dairy products sold rose by 76% year on year to more than 131,000 tons, with revenues also picking up at a rate of more than 75% to just under €80m...

Belarus was the main exporter of dairy to Russia in 2020.  Pic: Getty Images/sergeyryzhov

Russian dairy imports drop by 10%

By Jim Cornall

In January 2021, Russian imports of dairy products were 10% lower compared to their level in 2020 for the same period and practically corresponded to the volume of imports in 2019.

The National Dairy Producers Union of Russia (SOYUZMOLOKO) and the Ministry of Agriculture & Farmers’ Welfare of India held a video conference meeting this week.

India and Russia to strengthen cooperation in agriculture

By Jim Cornall

Representatives from business associations, scientific institutions, and government agencies in Russia and India have agreed to deepen relations in agriculture while preparing for the third round of IRSED (the India-Russia Strategic Economic Dialogue),...

The company's earnings before interest and taxes (EBIT) rose by 85%. Pic: Ekosem-Agrar

Ekosem-Agrar earnings grow for the first nine months of 2020

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, continued to expand its operating activities in the first nine months of 2020. Sales revenues increased by around 27% to €338.7m ($411.8m).

The board said it is embarking on the process for the development of a sustainability strategy. Pic: Ekosem-Agrar

Ekosem-Agrar AG sees half-year sales rise by a third

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, generated sales revenues of €209m ($243m) in the first half of 2020, up 33% on the same period of the previous year.

Unlabeled dairy products will be banned in the EAEU once the legislation is passed. Pic: Getty Images/Evgeny Gromov

news in brief

EAEU reaches arrangement on introducing dairy product labeling

By Jim Cornall

The Council of the Eurasian Economic Commission (EEC) said it has reached fundamental arrangements on introducing the labeling of certain dairy products as the Eurasian Economic Union (EAEU) member states – Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan...

EkoNiva products in Russia. Pic: Ekosem-Agrar

Ekosem-Agrar sees sales up in 2019

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, has published its 2019 annual report.

EU economic sanctions on Russia are effective until the end of January 2020. Pic: Getty Images/batak1

Could EU dairy exports to Russia resume?

By Jim Cornall

Italian independent brokers of dairy commodities in Europe, L’Interform, have published a report on the potential implications and scenarios of Russia opening up its dairy industry to once more include imports from the European Union.

With the addition of Kenya and Russia, the IDF now represents more than 75% of the world’s milk supply.

Russia and Kenya become IDF members

By Jim Cornall

The International Dairy Federation (IDF) has accepted Russia and Kenya as official members, bringing the number of member states in the federation to 43.

Ekosem-Agrar is currently building 15 facilities in seven regions in Russia.

Ekosem-Agrar opens largest dairy facility in Siberia

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer Ekoniva Group, has built its largest dairy cow facility to date in Siberia's Novosibirsk region with space for 6,000 dairy cows.

In 2018, Ekosem-Agrar began construction of 14 dairy cow facilities with capacity for more than 45,000 dairy cows.

Ekosem-Agrar increasing milk output

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, increased its raw milk output to more than 2,000 tons per day for the first time last week.

Ekosem-Agrar will soon start construction of a cheese factory in Novosibirsk, Russia.

Ekosem-Agrar to become an integrated manufacturer of dairy products

By Jim Cornall

Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, benefited from the benign business conditions in Russia and further accelerated the growth of its business segments. The company was able to double not only its agricultural...

The governor of the Altai Territory expressed support for the company's projects and further expansion.

PepsiCo Russia invests in Rubtsovsk dairy plant

By Jim Cornall

PepsiCo, Russia's largest producer of food and beverage products, has completed two major investment projects at the Rubtsovsk dairy plant in Russia: a whey processing section and treatment facilities.

Arkady Dvorkovich: 'I think these documents will be approved unless some miraculous changes occur in the geopolitics.' ©iStock

Europe divided

Russia to extend EU embargo until late 2017

By Niamh Michail

Russia’s embargo of EU food products will be extended until the end of 2017 but the list of banned foods or countries affected will not change, according to a draft government decree.

Currency issues and the continued ban on EU products entering Russia were factors in Milkiland's Q1 results.

Milkiland sees profits tumble in Q1

By Jim Cornall

International dairy producer Milkiland said the lack of cheese exports from Ukraine and Poland to Russia, unfavorable global pricing for dry milk products, and currency devaluation, resulted in an almost 22% drop in its Q1 2016 consolidated revenues to...

The Russian dairy industry faces some challenges, but companies like Kuban agroholding are responding. Photo: iStock - invizbk

Exclusive: The state of the Russian dairy industry

By Jim Cornall

In spite of the ban on European products – including dairy – entering Russia, the internal dairy industry seems to be on a firm footing in spite of some challenges, according to Andrey Oleynik, chairman of the board of directors of Kuban agroholding,...

Two Danone plants in Russia will be closed, with production moved to other facilities

Danone restructuring Russian production

By Jim Cornall

Two Danone plants in Russia are closing as the company rearranges its capacities in both Siberia and the Volga region as part of its production optimization program.

Putin claims the EU's sanctions are

Russia likely to extend EU food import ban

By Caroline SCOTT-THOMAS

Russia is likely to extend its ban on EU food imports beyond the August 7 deadline, as the European Union looks set to continue its sanctions against Russian products.

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