February 28, 2024 11:23 am

Export of Russian grain to EU surges – data — RT Business News

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

The EU has significantly increased imports of Russian grain despite the bloc’s sanctions against the country, news outlet RIA Novosti reported on Saturday, citing European statistics agency Eurostat.

According to the report, in September the EU increased imports of Russian grain by 22% month-on-month to 180,000 tons, roughly ten times what had been bought from Russia during the same period last year. This was the highest figure since the start of the Ukraine conflict and subsequent Western sanctions war on Russia. The surge in imports allowed Russia to retake its place among the top-five grain suppliers to the 27-nation bloc for the first time in six months, coming in fourth.

Ukraine remained the largest grain supplier to the EU in the reporting period with 1.2 million tons, down by a quarter year-on-year. Brazil came in second with 1.1 million tons, followed by Türkiye with 204,000 tons. Canada closed out the top-five, with 139,000 tons.

Meanwhile, Eurostat statistics also showed that the EU has upped imports of Russian fertilizers in recent months. According to the data, in the period July to September, the sanctioned country’s share in extra-EU imports of the product bounced back to 27%, the same share it had in the third quarter of 2021, prior to the Ukraine conflict.

While neither Russian grain or its fertilizers have been directly sanctioned by the West, their export has been hindered in recent months by financial, shipping and insurance restrictions placed on Moscow. Russia has repeatedly called for these restrictions to be lifted.

The EU has so far imposed 11 rounds of Ukraine-related sanctions on Russia since early 2022, limiting the country’s access to its technologies and markets. The bloc’s overall purchases from Russia have fallen nearly fivefold since the imposition of restrictions, with Russia’s share of extra-EU imports dropping from 9.5% in February 2022 to 2% in September 2023.

Meanwhile, Russia has been successfully redirecting much of its trade to Asia, primarily to India and China.

For more stories on economy & finance visit RT’s business section

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Export of Russian grain to EU surges – data — RT Business News

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8