Russia to double compensation for export of agricultural products

In Russia, the Commission of the State Council on Agriculture proposed to double the share of compensation for the transportation of Russian agricultural products, from 25 to 50 percent, reports World of NAN, citing rosng.ru.

This measure is very much in demand in terms of export of these products and ready food to countries in need, including Africa, Asia and Latin America. Also at the federal level the issue of full cost recovery for priority products (grains and oilseeds) and increased compensation for exports to the above mentioned developing countries is considered. Note that such decisions are very relevant in terms of problems with exports to these regions due to Western sanctions.

Also in the priority in the delivery of agricultural products supplied under export contracts in the eastern direction. In particular, this should facilitate the access of agricultural products to the Asia-Pacific region. Russia has long cooperated with them on this issue, as it is a fast-growing market from which huge profits can be extracted.

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