A senior official involved in the New Black Grain Corridor project announced a landmark agreement between Russia and China on grain shipments. The news surfaced during a major business forum in Beijing, occurring alongside the opening of the third international One Belt One Road forum, and was reported by TASS.
The official described a contract valued at roughly 2.5 trillion rubles, about 25.7 billion dollars. The arrangement envisions the delivery of 70 million tons of grain, legumes, and oilseeds over a 12-year window. Seen as a keystone of bilateral trade, the deal is expected to deepen economic ties and diversify both countries’ export profiles while reinforcing supply chain reliability across these markets.
The statement underscored that the initiative aims to recalibrate export structures within the Belt and Road framework. It signals a strategic shift toward more stable, integrated logistics that could influence regional markets and global trade routes for years to come.
In other remarks, Vladimir Putin floated the possibility of a strong grain harvest the current year. Such an outcome would bolster Russia’s agricultural export capacity and could shape market dynamics in the near term, potentially affecting prices and demand across trading partners.
Anatoly Popov, chairman of the board of directors at Sber, spoke with the China Global Times. He highlighted that Russian exports to China remain highly dynamic, with hydrocarbons and refined products forming a sizable share of bilateral trade. Yet he emphasized that agricultural and food commodities are increasingly important as demand patterns shift, reinforcing the evolving nature of the two-way economic relationship.
A separate briefing from the Ministry of Foreign Affairs described progress in talks to process one million tons of grain in Turkey. This development illustrates ongoing efforts to broaden Russia’s grain logistics and market access through regional partnerships and value-added processing capacity, expanding options for distribution and resilience in global supply chains.