Sharp rise in Russian food exports reported

RT.com
23 Sep 2022, 11:05 GMT+10

It comes despite geopolitical tensions, the deputy minister of agriculture says

Volumes of agro-industrial exports by Russia have been rising, despite global geopolitical difficulties, jumping 17% as of September in annual terms, Russian Deputy Minister of Agriculture Sergey Levin said on Wednesday.

In particular, the supply of oil and fat products increased by 29%, while the export of meat and dairy products surged by more than 20%.

Levin said all major buyers of Russian agricultural products had been boosting purchases. Supplies to Turkey have risen by 30%, and exports to China are up 27%, while imports by India have more than doubled.

"Russia retains its status as one of the largest food suppliers to the world market and the guarantor of world food security," the deputy minister said. "Exports are growing despite serious difficulties for foreign trade in general, despite the imposition of unlawful sanctions by unfriendly states, primarily financial and logistical restrictions, restrictions on the work of our ports and transport companies," he explained.

Western sanctions imposed on Russia have been disrupting supplies on the world market, threatening to exacerbate the global food crisis.

For more stories on economy & finance visit RT's business section

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.

More Information

null in null

Business

Section

Saudi Aramco plans asset sales to raise billions, say sources

DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...

Russia among 4 systemic risk countries for Italian banks

MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...

US debt limit raised, but spending bill fuels fiscal concerns

NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...

Shein hit with 40 million euro fine in France over deceptive discounts

PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...

Meta hires SSI CEO Gross as AI race intensifies among tech giants

PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Delhi

Section

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

Delhi HC upholds security clearance revocation of Turkish firm Celebi, citing compelling national security concerns

New Delhi [India], July 7 (ANI): The Delhi High Court on Monday dismissed a petition by Turkish ground-handling company Celebi challenging...

V. Shruti Devi Honoured at International Author Excellence Awards 2025 for Her Groundbreaking Work: Spirit of the Constitution

SMPL Dubai [UAE], July 7: In an inspiring celebration of global literary talent, Vyricherla Shruti Devi was awarded the prestigious...