Russia can supply 50M tons of grain to global market this year: Putin
MOSCOW (AA) – Russia will be able to supply 50 million tons of grain to the global market this year, President Vladimir Putin has said.
Speaking at a meeting of BRICS Plus format, Putin said the deliveries will depend on the situation with insurance of vessels, transporting food, bank payments and other restrictions imposed on Russia.
The BRICS bloc of Brazil, Russia, India, China, and South Africa was formed in 2006 to coordinate economic and trade policies.
Putin emphasized the importance of coordination efforts between countries, saying sharing values of a “truly democratic multipolar world” is particularly important at an unstable time when some countries are trying to replace international law with “rules-based order” to preserve their dominance.
Attempts to “contain the development of some countries”, the use of illegitimate sanctions and the COVID-19 pandemic led to the crisis in the world economy, he further said.
Skyrocketing food and fuel prices have severely damaged many countries, especially in Asia, Africa, Latin America, and the Middle East region, he added.