Tridge summary
Albania imported 10,000 tonnes of wheat from Russia in March, a 100% increase compared to the previous year, following Russia's invasion of Ukraine. This has resulted in a significant increase in the cost of wheat. Despite the EU imposing sanctions on Russia, the import of cereals is not included. The country is currently looking for alternative sources of wheat, including Serbia, as concerns grow about potential disruptions in the supply chain due to the war.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Albania imported 10,000 tonnes of wheat from Russia in March, following the latter’s invasion of Ukraine – an increase of 100% compared to last year’s figures. Following reports of widespread atrocities by Russian forces, the EU slapped the country with four sanction packages and is currently debating a fifth. The sanctions include restrictions against individuals and entities, prohibiting Russian aircraft from the skies, and a ban on Russian coal. However, since March, Albania has imported some 10,000 tonnes of wheat from Russia, according to figures from INSTAT. This is an increase of 100% from March 2021, when the country imported 5,000 tonnes. In the first quarter of 2022, Albania imported around 20,000 tonnes from Russia, a decrease of 21% on the volume from 2021 – but since the invasion, on 24 February, imports have markedly risen. The value of the products also increased significantly as the cost of wheat from Russia rose. A kilogram of Russian wheat bought in March 2021 ...
Source: Euractiv
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