Russian Grain Seizures

Russia’s seizure of AgroTerra’s assets, a major agricultural firm, is a significant move. It is an apparent retaliation against ‘unfriendly’ states, placing AgroTerra under ‘temporary management ‘. This action mirrors similar seizures of Western companies. AgroTerra, a key supplier of commodities, seeds, and value-added products, is among Russia’s top 20 largest agricultural land owners.
Russia’s move to consolidate commodified resources indicates their continued effort to secure necessary resources in the face of sanctions and long-term mobilization needs to continue the war in Ukraine.
The grain market has remained tedious since the invasion, and Ukraine is one of the world’s significant grain exporters. This news could continue to jeopardize global grain supplies and drive prices higher. On the other hand, the move could increase Russian grain exports to nations like China, Iran, Syria, and others, which may limit their orders from Western and South American grain exporters in the coming months.

Read more at: https://www.agriculturedive.com/news/russia-seizes-assets-of-agricultural-firm-agroterra/712819/