Tuesday 12th of December 2023

the days have gone when the UK was making fun of russian crops.....

Russia is expected to reap its largest grain harvest ever in 2022, President Vladimir Putin said on Tuesday, citing preliminary data on crops.

“According to experts, the total grain harvest could reach 150 million tons, including about 100 million tons of wheat. This will be a record in the entire history of Russia,” Putin said, noting that previous estimates had ranged from 140 million tons to 147 million tons.

The president recalled that Russia’s biggest grain harvest ever was recorded in 2017 – 135.5 million tons, including 86 million tons of wheat.

“Thus, in the current difficult situation, we are completely guaranteed to cover our own needs for the most important items and receive an additional resource for increasing exports,” Putin said.










Russia’s grain harvest this year has already set a new record, the country’s Agriculture Ministry said on Wednesday on its official Telegram channel.

“To date, 147.5 million tons in bunker weight have been harvested, with harvesting still ongoing,” the ministry announced.

Russian Agriculture Minister Dmitry Patrushev later confirmed the figure at a staff meeting of the ministry.

“We expect to reap a maximum of 150 million tons. Of course, this is an absolute success for our farmers and the Russian agriculture industry as a whole,” he stated.

The previous record had been set in 2017, when the country reaped 135.5 million tons of grain, including 86 million tons of wheat.

This year, the wheat harvest is expected to reach 100 million tons.

Patrushev recently said that Russia’s newly joined territories, the Donetsk and Lugansk People’s Republics, and Kherson and Zaporozhye Regions, would add about 5 million tons of grain per year to Russia’s overall crop.


READ MORE: Pakistan looks to secure Russian grain deal 

Russia is the largest wheat exporter in the world, followed by Canada and the US. The country has already delivered about 8.3 million tons of grain to foreign markets in the 2022 agricultural year, which began on June 1. It expects to export around 50 million tons in total by July 30, 2023.



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shipping grains.....

Russia's United Grain Company (OZK), a trade and logistics operator of agricultural products, is reportedly set to create its own fleet of 19 dry cargo ships to supply grain to "friendly countries" in response to Western sanctions over Moscow's special military operation in Ukraine.

Earlier this week, the Russian media revealed that the OZK plans to order 14 new Russian-made sea dry cargo ships to transport grain to developing countries, citing Viktor Evtukhov, deputy head of the Ministry of Industry and Trade, and the trade operator's representative. In addition to that, the Russian company also plans to purchase five bulk carriers on the secondary market by 2025. Why is this important?


Following the beginning of the Russian special military operation in Ukraine, the Group of Seven and its allies slapped sweeping sanctions on virtually all sectors of the nation's economy, including the financial and banking sector, transportation, energy, and many others. The country was severed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and banned from making or receiving international payments using the mechanism. Russia was also prohibited from receiving banknotes of and transferable securities denominated in any of G7 and other Western currencies.

Despite the European Council's declarations that the West has not slapped sanctions on Russian exports of food to global markets, reality proves otherwise. The aforementioned restrictions crippled Russian trade, with the nation's customers unable to make payments through the established banking mechanisms or to settle deals in dominant reserve currencies with Moscow. Western shippers and insurers refused to transport Russian goods, while hundreds of thousands of tons of Russian-made fertilizers remained blocked in European ports.