Restrictions cover shipments to post-Soviet states
© Getty Images / Susan Vineyard
Russia has temporarily banned grain exports to the countries of the Eurasian Economic Union (EAEU) to protect the domestic food market amid mounting pressure from Ukraine-related sanctions on the country’s economy.
According to a decree signed late on Monday by Russian Prime Minister Mikhail Mishustin, Russia will not export wheat, rye, barley and maize to neighboring EAEU states until June 30. These states include Armenia, Belarus, Kazakhstan and Kyrgyzstan, and share a free customs zone with Russia, with supplies to the union not subject to Russia’s grain export quotas and taxes.
However, according to Deputy Prime Minister Viktoria Abramchenko, the export of grain within the quota under individual licenses would not be banned.
The decree also prohibits the export of white and raw sugar to third countries until August 31.