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3 Feb, 2023 14:30

Russia ramps up global food exports

Supplies have exceeded 70 million tons in 2022, according to the agriculture ministry
Russia ramps up global food exports

Russia’s food exports jumped by 12% in monetary terms last year to more than 70 million tons, despite difficulties caused by Western sanctions, the country’s Ministry of Agriculture reported on Thursday.

The ministry highlighted that domestic agricultural products had been supplied to 150 countries, emphasizing that Russia’s contribution to world food security is constantly growing.

According to the latest report, exports of oil and fat products soared by 26%, meat and dairy products rose by 16%, and grain exports increased by 14%.

The ministry also noted results in its work on reorienting export flows, building new logistics chains, and financial transactions, as well as facilitating conditions for providing state support. “This will help to further increase exports to priority markets,” it wrote on its official Telegram channel.

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

Russian President Vladimir Putin has repeatedly stated that, despite the obstacles, Russia remains ready to help poor nations battle hunger, providing them with the “necessary assistance.”

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

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