Karen Hovsepyan, leader of the New Black Grain Corridor initiative, said that Russia and China signed the largest contract for grain supply. His words on the sidelines of the business forum held in Beijing on the eve of the opening of the third international “One Belt – One Road” forum TASS.
According to Hovsepyan, the contract amount is almost 2.5 trillion rubles ($25.7 billion). He stated that the agreement covers the supply of 70 million tons of grain, legume and oilseeds for 12 years.
Hovsepyan noted that this initiative will contribute to the normalization of the export structure within the framework of the Belt and Road.
Previously Russian President Vladimir Putin statedA good grain harvest is expected in Russia this year.
Chairman of the Board of Directors of Sber Anatoly Popov stated In an interview with the China Global Times newspaper, he stated that exports from the Russian Federation to China are extremely intensive, with slightly less than 75% of the volume consisting of hydrocarbons and their processed products.
Formerly Ministry of Foreign Affairs of the Russian Federation reported On the completion of negotiations on the processing of 1 million tons of grain in Turkey.