Arab Today, arab today russia to impose customs controls to limit cereal exports
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Russia to impose customs controls to limit cereal exports

Arab Today, arab today

Arab Today, arab today Russia to impose customs controls to limit cereal exports

The fall of the ruble has made grain exports
Moscow - AFP

The Russian government said it was bringing in customs barriers on Monday to limit the export of cereals in the hope of reducing domestic prices sent soaring by the collapse of the ruble.
Deputy Prime Minister Arkadi Dvokovitch said the measure is likely to be in place within 24 hours, according to Russian news agencies.
The fall of the ruble has made grain exports far more profitable for Russian farmers, leading to a steep rise in domestic wheat prices despite one of the best harvests on record.


 

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