The Russian government has approved a list of agricultural goods for export with payment in rubles

Published 2023년 10월 27일

Tridge summary

Starting November 1, Russian agricultural products can be paid for in rubles through special accounts. This decision aims to ensure Russia's financial stability in the face of external sanctions pressure. The list of products eligible for this settlement procedure includes meat, dairy, grains, oils, and sugar, among others.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a presidential decree, as of November 1, for contracts for the supply of Russian agricultural products abroad, a special settlement procedure is allowed - payment in rubles through special accounts. The order approving the list of such products was signed by the Prime Minister of the Russian Federation, Mikhail Mishustin. The decision aims to ensure the financial stability of Russia in the conditions of external sanctions pressure. The list includes pork, poultry meat and offal, milk and cream, barley, corn, wheat and milling, soybeans, linseed, sunflower, soybean and canola oil, sugar, as well as cake and other solid residues obtained during extraction of fat. A record contract for 25.7 billion dollars for the supply of Russian grain to China Special "Z" accounts in rubles and foreign currency, opened by foreign buyers in authorized banks, can be used for payments for the supply of such products. Buyers will be able to transfer payments in currency to the special ...
Source: Sinor

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