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Reuters
Reuters
Business

Russia may start providing trade finance to importers of its grain - farm minister

FILE PHOTO: Combines load wheat into trucks in a field during harvest near the village of Solyanoye in the Omsk region, Russia September 8, 2022. REUTERS/Alexey Malgavko

Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect this financial instrument, Agriculture Minister Dmitry Patrushev said.

Russia, the world's largest wheat exporter, is working with Eximbank and the Russian agency for export credit and investment insurance "to provide financing to foreign companies for the purchase of our products", Patrushev told the RBC business daily in an interview published on Monday.

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