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Russia would be willing to restrict food exports if its market is destabilized

Published Jan 22, 2025

Tridge summary

Russia's Deputy Prime Minister, Dmitry Patrushev, has warned that the country may need to limit food exports if the domestic market becomes destabilized. The government is monitoring the affordability of food products for the population, as last year's inflation, especially in the food sector, reached around 9.5%. However, Patrushev also emphasized that Russia does not want to lose markets it has spent years building. In 2023, Russia exported over 100 million tons of food, valued at $43.5 billion.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia is ready to restrict food exports if the situation on its domestic market becomes unstable, Russian Deputy Prime Minister Dmitry Patrushev said. "If the situation does not develop in favor of the stability of its own market, we have levers to influence, such as possible export restrictions," Patrushev said. At the same time, he indicated that Russia does not want to lose markets that took years to conquer. Patrushev stressed that the government is monitoring whether the main food products are affordable for the population. According to preliminary government data, inflation last year was around 9.5%, being noticeably ...
Source: Agropopular
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