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Kazakhstan and Russia reach an agreement on additional sugar exports

Published May 19, 2024

Tridge summary

The Russian government has imposed a ban on sugar exports until August 31, 2024, except for exports to Kazakhstan, which is guaranteed a supply of 120,000 tons. Kazakhstan has also requested an additional 100,000 tons of sugar, which is under discussion for increased quotas. The meeting between Russia and Kazakhstan also covered increasing the number of border crossings for wood product exports, cooperation on electronic passports for transported goods, and discussions on the Shulby Nuclear Power Plant and Irtysh River waters utilization plan. Kazakh Deputy Prime Minister Sergek Zhumankharin also met with Rustam Minnikhanov, the head of Tatarstan, to strengthen cooperation between Kazakhstan and Tatarstan.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to government sources, on May 3, 2024, the Russian government issued a decree announcing a ban on sugar exports until August 31 this year. However, the Russian side also confirmed that it would guarantee the supply of 120,000 tons of sugar to Kazakhstan during the same period, and this export is no longer within the scope of the ban. Given that summer is considered the peak period for sugar consumption every year, Kazakhstan has accepted the proposal to supply an additional 100,000 tons of sugar. During the meeting, the two sides regarded this proposal as a preliminary agreement. In the next stage, the issue of increasing quotas will be discussed at the meeting of the Council of the Eurasian Economic Commission on May 29. The meeting also discussed the issue of increasing the number of border crossings allowed for the export of wood products from Russia to Kazakhstan. Currently, there are 6 border crossings on the Kazakh-Russian border that allow vehicles transporting ...
Source: Foodmate
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