MOSCOW, 1 April. The withdrawal of Western grain traders from the Russian market will increase the geopolitical influence of Russia due to the transfer of Russian exports to state control, Bloomberg reported.
Recalling the withdrawal of several foreign companies, the journalists noted that such a process could greatly change the landscape «The departure of Cargill and Viterra leaves Russian grain stocks largely in the hands of domestic and government-funded companies, meaning Russia will control much of the revenue needed,» the authors of the article stressed.
According to Bloomberg, such a situation is pushing states to negotiate grain supplies without the help of international traders, which makes the food market extremely important in terms of geopolitics.
On Thursday, the Russian Ministry of Agriculture announced received a notification from Canadian Viterra Limited, one of the world's largest suppliers of agricultural products, about the termination of export activities in Russia from July 1 this year.