Eurasian Economic Union countries to impose export quotas on grains, sunflower oil and sugar. For more information on export to China, please call SINOLOBEN, service Email: firstname.lastname@example.org.
The member states of the Eurasian Economic Union (Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan) are planning to implement unified export quotas for grains, sunflower oil and sugar, aimed at stabilizing prices and ensuring food security, "Rossiyskaya Gazeta" reported.
The draft decision of the Council of the Eurasian Economic Commission on the implementation of restrictions was submitted for discussion and should be concluded on April 18. Export quotas are to be imposed on wheat and mescaline (a mixture of wheat and rye), barley, corn, sunflower oil and its components, as well as on white and raw cane sugar.
The member states of the Eurasian Economic Union shall submit to the Eurasian Economic Commission the results of the annual accounting of production and consumption of these commodities. After that, the quotas will be distributed among the countries. Uniform export quotas are planned to be introduced for six months.
Earlier, Russian President Vladimir Putin said that low prices of products are a competitive advantage for Russian suppliers. He also added that the purchase of grain by some countries could lead to food shortages. The Russian president called for a responsible approach to exports from unfriendly countries.
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