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Putin Set to Meet Erdogan, Grain Shipments Depart Ukraine

RUSSIA
  • President Erdogan will travel to Sochi today for talks with Russian President Putin.
  • Three grain ships loaded with corn have left Ukrainian ports, according to the Turkish Defence Ministry, with efforts beginning to send vessels through a safe corridor in the Black Sea, unlocking millions of tons of crops stocking up in Ukraine and boosting global food supplies.
  • Izvestia report that Russian aviation and leasing companies are planning to exempt aircraft from transport and property taxes. According to a letter from the Ministry of Transport which Izvestia has read, at least 12 regions have already agreed to this step. Experts say that the measures, which are set to come into effect from 2023, will support carriers and business activity in the regions amid Western sanctions.
  • Japanese Trade Minister Koichi Haguida has said that he has spoken to Mitsui & Co., asking them to “proactively consider” maintaining a stake in the new Russian entity that will operate the Sakhalin-2 project. Currently, foreign investors in the project include Japanese trading houses Mitsubishi Corp. and Mitsui & Co. who own a combined 22.5% in Sakhalin-2, but they are yet to decide whether they want to take a holding in the new project which is to be set up in the Far East region.
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  • President Erdogan will travel to Sochi today for talks with Russian President Putin.
  • Three grain ships loaded with corn have left Ukrainian ports, according to the Turkish Defence Ministry, with efforts beginning to send vessels through a safe corridor in the Black Sea, unlocking millions of tons of crops stocking up in Ukraine and boosting global food supplies.
  • Izvestia report that Russian aviation and leasing companies are planning to exempt aircraft from transport and property taxes. According to a letter from the Ministry of Transport which Izvestia has read, at least 12 regions have already agreed to this step. Experts say that the measures, which are set to come into effect from 2023, will support carriers and business activity in the regions amid Western sanctions.
  • Japanese Trade Minister Koichi Haguida has said that he has spoken to Mitsui & Co., asking them to “proactively consider” maintaining a stake in the new Russian entity that will operate the Sakhalin-2 project. Currently, foreign investors in the project include Japanese trading houses Mitsubishi Corp. and Mitsui & Co. who own a combined 22.5% in Sakhalin-2, but they are yet to decide whether they want to take a holding in the new project which is to be set up in the Far East region.