LAST UPDATE: 14:22
Russia will export food and grain only to “friendly countries” with payments in rubles or in their national currency, the Russian news agency RIA reported, citing a statement today. Dmitry Medvedev, Deputy Chairman of the Security Council of Russia.
In a similar vein are the Kremlin’s statements that it will ask for payments in rubles for goods other than gas. “I have no doubt that in the future it will be extended to new groups of goods,” said Kremlin spokesman Dmitry Peshkov.
Peshkov added that Western sanctions have accelerated the erosion of confidence in the US dollar and the euro.
This move follows Putin’s decision last week to demand payment for Russian gas from Gazprom’s international customers in rubles.
At the same time, it is worth noting that the Ukrainian railways are struggling with the delays of grain wagons on the western border of the country, as traders are looking for alternative export routes after the Russian invasion that blocked the main ports of the Black Sea, APK reported today. , as reported by Reuters.
Ukraine was the fourth largest exporter of cereals in the world in 2020/21, according to the International Cereals Council, with most of its goods being shipped via the Black Sea.
But with the war raging along much of the coast, traders are trying to transport more grain by rail.
Source: Capital
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