Russia: Altai intends to increase the supply of agricultural products to Asian markets in the face of sanctions

Published 2022년 3월 30일

Tridge summary

The Altai Territory's agro-industrial complex is contemplating boosting its product supply to Asian markets due to anti-Russian sanctions. However, there are no plans for a global shift in export directions. The region's exports to the EU make up no more than 10% of its total exports. Last year, the region exported agricultural products worth $432 million. Currently, exports to European countries are diminishing in value and volume compared to the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the context of anti-Russian sanctions, enterprises of the agro-industrial complex of the Altai Territory are considering the possibility of increasing the supply of products to Asian markets, there will be no need for a global reorientation of export flows, Alexander Bolshakov, head of the regional department for food, processing, pharmaceutical industry and biotechnology, said at a press conference. "The restrictions that have been introduced may affect a slight decrease in exports under the national project, but nevertheless, for now, we assess this as risks and opportunities for increasing the supply of agricultural products to other countries. We are talking about increasing exports to our traditional Asian markets, they remain and grow. Thus, there is a large consumption in the Chinese market, we see an increase in the supply of flour to Afghanistan. It is not worth talking about a global reorientation, it is worth talking about an increase in supplies to those countries ...
Source: Milknews

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