Russia ready to export 30 million tons of grain by year's end
- Economy
- Reuters
- Published Date: 07:24 | 02 September 2022
- Modified Date: 07:57 | 02 September 2022
"This will make it possible to support countries in need and help stabilize food scarcity around the world," the Russian Agriculture Ministry said on Friday.
The ministry estimates that Russia will harvest 130 million tons of grain this year, including 87 million tons of wheat.
The UN has warned for months that the war in Ukraine, climate-fuelled disasters and financial shocks have put global food security at risk in impoverished countries, particularly in Africa.
Ukraine is known as one of the world's breadbaskets and Russia's invasion has severely disrupted its grain exports. Agricultural deliveries from the country's Black Sea ports were, until a few weeks ago, blocked.
But in a breakthrough in July, both Russia and Ukraine agreed to allow grain exports from three Black Sea ports.
- White House accuses Russia of using energy as weapon after Nord Stream shutdown
- Russia halts gas deliveries to Germany via Nord Stream pipeline for indefinite period
- Yellen says Russia has economic incentive to sell oil at G7 price cap
- White House: Global price cap on Russian oil will lower revenues for Moscow's war in Ukraine