Russia restricts grain exports to Eurasian Economic Union countries

In order to ensure domestic supply and prevent price escalation, Russia has announced measures to limit grain exports to the countries of the Eurasian Economic Union (EEU). The EEU is an economic union that officially became active in early 2015 and includes the countries of Armenia, Belarus, Kazakhstan, Russia, and Kyrgyzstan, which were formerly part of the former Soviet Union. In a notice issued late on March 14, the press service of the Government of the Russian Federation stated that the country will temporarily impose an order to limit grain exports to EEU member countries. The export ban on cereals including rye, wheat, barley and corn will be in effect until June 30. However, this decision has some exceptions, including humanitarian aid shipments, after being approved by the Ministry of Agriculture. The Government of the Russian Federation also said it would suspend the export of "raw and white sugar to third countries." This restriction order will be in effect until ...