The separation of the western grain traders Cargill and Viterra from Russia will strengthen the geopolitical influence of the Russian Federation. This will happen due to the transfer of Russian exports under state control, reported Bloomberg.
“The separation of Cargill and Viterra leaves Russian grain stocks largely in the hands of domestic and state-financed companies, meaning that Russia will control most of the revenue needed,” the article states (quoted by RIA Novosti).
Bloomberg this week WroteThe leadership of the Canadian company Viterra, one of the largest Western grain suppliers in Russia, plans to leave the Russian Federation domestic market after the American food company Cargill.
On March 29, RBC, referring to Oksana Lut, Deputy Minister of Agriculture of the Russian Federation, reported that the Russian subsidiary of Cargill Corporation will stop exporting grain from Russia in the next agricultural year 2023/2024 (from 1 July 2023 to 30 June). . 2024).
This decision was taken in line with the recommendations of the Ministry of Agriculture.
At the same time, the Ministry of Agriculture assured that the withdrawal of Cargill from the Russian market will not have negative consequences for the supply of grain from the Russian Federation to foreign countries.