- Posted by Rafael Moro
Agricultural exports from Russia could be limited to countries that are “friendly” towards it, Reuters reported the deputy chairman of Russia’s security council, former Russian President Dmitry Medvedev, as saying on social media.
Medvedev, who served as president from 2008 to 2012, said he would like to outline “some simple but important points about food security in Russia,” following the imposition of western sanctions on Moscow following its invasion of Ukraine on 24 February.
“We will only be supplying food and agriculture products to our friends," Medvedev said on social media. “Fortunately, we have plenty of them, and they are not in Europe or North America...”
A major global wheat exporter, Russia currently supplies wheat mainly to Africa and the Middle East, according to the 1 April report, and its main competitors are the European Union (EU) and Ukraine.
The priority in food supply was Russia's domestic market and price control within it, Medvedev said.
Grain export quotas and taxes have been used in Russia since 2021 in a bid to stabilise high domestic food inflation, Reuters wrote.
Russia banned most Western food imports in 2014 following its annexation of Crimea, but Medvedev said the list could now be expanded.
Numerous foreign companies, such as chocolate manufacturers, had halted sales of their brands in Russia following its invasion of Ukraine, Reuters wrote.
Source: Oils & Fats Internacional (OFI)