The value of the stolen Ukrainian grain is already at 1 billion dollars

Published 2024년 9월 30일

Tridge summary

Since 2022, Russia and its allies have made nearly a billion dollars from the sale of grain stolen from Ukraine's occupied territories. The grain was either confiscated or purchased at low prices by force. This illegal trade, involving companies connected to the Russian invasion and buyers from countries like Iran, the UAE, and Crimea, helps Russia alleviate economic pressure from sanctions and fund the war. The exact commercial value of the stolen grain is hard to estimate, with at least 4 million tons sold for about 800 million dollars since 2022. The trade involves ships and foreign participation, with some countries banning ships involved in the illegal trade and working with Ukraine to prevent it. Investigations are ongoing into companies and individuals involved in the sale of stolen grain.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Wall Street Journal revealed that since 2022, Russia and its allies have made almost a billion dollars from the sale of grain stolen from the occupied territories of Ukraine. These are among the most fertile areas in Europe, and the occupiers either confiscated the crops or bought them up by force at extremely low prices. This illicit trade is facilitated by an intricate network that includes companies directly connected to the Russian invasion. The buyers include a company linked to Iran's Revolutionary Guard, a Crimean businessman who does business with Syria and Israel through his company Agro-Fregat LLC, and a company that trades with the United Arab Emirates. The sale of stolen grain helps Russia relieve economic pressure from international sanctions and indirectly finance the war. The exact commercial value of the stolen agricultural product is difficult to determine. The Deputy Minister of Agriculture of Ukraine stated that since 2022, at least 4 million tons of grain ...

Source: AgroForum