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Russian free grain due to begin landing in Africa within days
28 Nov 2023 at 02:53hrs | Views
RUSSIAN shipments of donated grain are due to begin landing in Africa within days, giving fresh impetus to its bid to bolster its influence in the continent.
President Vladimir Putin promised to send free grain to six African countries that have strong ties with Moscow at a Russia-Africa summit in St. Petersburg in July.
The move followed criticism that Russia's war in Ukraine and its withdrawal from a deal that facilitated the export of Ukrainian grain through the Black Sea were pushing up global food and fertilizer prices.
The shipments will total 200,000 tons by year-end, the Russian Agriculture Ministry was cited by the Interfax news agency as saying Nov. 17, with Somalia and Burkina Faso set to be the first recipients.
Zimbabwe, Mali, Eritrea and the Central African Republic are also due to get between 25,000 and 50,000 tons of grain each, Putin said in July. That's a tiny fraction of what they consume.
Russia's push to strengthen ties with African nations by increasing trade and deploying Wagner mercenaries to prop up unstable governments follows efforts by the US and its allies to isolate it in response to the invasion of Ukraine.
It remains a minor player however — its two-way trade with the continent was only $18 billion in 2022, a fraction of China's $282 billion.
Research presented at a conference in Cape Town on Sunday organized by a foundation set up by former South African President Thabo Mbeki sought to dispel the notion that Moscow bore primary responsibility for rising food costs.
Direct or indirect sanctions imposed on Russia and its ally Belarus cut global fertilizer and ammonia supplies by 40.8 million tons through April 2023, according to the study, which was backed by a fund founded by Russian fertilizer billionaire Andrey Melnichenko.
Ukraine and Russia are two of the world's leading exporters of grain and vegetable oil.
The war has impacted on global supplies of both commodities, with Russia bombing Ukrainian stores and ports.
While Russian fertilizer hasn't been subjected to international sanctions, penalties imposed on owners of companies that produce it and restrictions by the banking and logistics industries, saw exports fall last year.
They have since recovered, spurring a decline in prices.
President Vladimir Putin promised to send free grain to six African countries that have strong ties with Moscow at a Russia-Africa summit in St. Petersburg in July.
The move followed criticism that Russia's war in Ukraine and its withdrawal from a deal that facilitated the export of Ukrainian grain through the Black Sea were pushing up global food and fertilizer prices.
The shipments will total 200,000 tons by year-end, the Russian Agriculture Ministry was cited by the Interfax news agency as saying Nov. 17, with Somalia and Burkina Faso set to be the first recipients.
Zimbabwe, Mali, Eritrea and the Central African Republic are also due to get between 25,000 and 50,000 tons of grain each, Putin said in July. That's a tiny fraction of what they consume.
Russia's push to strengthen ties with African nations by increasing trade and deploying Wagner mercenaries to prop up unstable governments follows efforts by the US and its allies to isolate it in response to the invasion of Ukraine.
Research presented at a conference in Cape Town on Sunday organized by a foundation set up by former South African President Thabo Mbeki sought to dispel the notion that Moscow bore primary responsibility for rising food costs.
Direct or indirect sanctions imposed on Russia and its ally Belarus cut global fertilizer and ammonia supplies by 40.8 million tons through April 2023, according to the study, which was backed by a fund founded by Russian fertilizer billionaire Andrey Melnichenko.
Ukraine and Russia are two of the world's leading exporters of grain and vegetable oil.
The war has impacted on global supplies of both commodities, with Russia bombing Ukrainian stores and ports.
While Russian fertilizer hasn't been subjected to international sanctions, penalties imposed on owners of companies that produce it and restrictions by the banking and logistics industries, saw exports fall last year.
They have since recovered, spurring a decline in prices.
Source - Bloomberg
