The Russian government has added grain, sunflower oil and extracted meal to the list of exports that must be paid for in rubles.
A resolution giving effect to the decision was adopted on Friday and published on the official portal of legal information.
It also provides for a one-year extension of duties to be paid in the national currency in respect of exported sunflower oil and sunflower meal until August 31, 2023.
- As part of the new payment mechanism, the base price for calculating the export duty on wheat will be 15,000 rubles (over $267) per ton.
Russia is the world’s largest wheat exporter and a major supplier of sunflower seeds.
Russian Minister for Agriculture Dmitry Patrushev said this month that the country would export agricultural products to “friendly countries” only.
- According to the minister, Russia’s grain harvest could reach 130 million tons this year, which would be enough to cover both domestic needs and ensure export potential.
Source: RT