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HomeWorldKremlin says it is acting to minimise impact of Ukrainian strikes on...

Kremlin says it is acting to minimise impact of Ukrainian strikes on Russian grain exports

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MOSCOW, Aug 24 (Reuters) – The Kremlin said on Monday that measures were being taken to minimise the impact of Ukrainian strikes on Russia’s grain exports as global wheat importers brace for tighter supplies amid attacks on Black Sea grain infrastructure.

Tit-for-tat attacks by Russia and Ukraine, both major grain exporters, on ports and vessels in recent weeks have shuttered grain terminals and forced shippers to delay or cancel loadings for dozens of cargoes during the peak export season.

“Measures have been identified and will be further developed, ensuring that all grain intended for export is shipped on time and in full,” Kremlin spokesman Dmitry Peskov told reporters.

President Vladimir Putin acknowledged last week that Russia was experiencing problems with its agricultural exports, but said it would resolve them. The Kremlin chief also pledged that there would be no shortages on global markets.

Russia would have about 60 million tons of grain for export in the current season, Putin estimated. Russian grain exports are expected to pick up to 2.2 million metric tons in August from 1.95 million in July, the Sovecon consultancy said.

(Reporting by Reuters, Writing by Felix Light and Gleb BryanskiEditing by Andrew Osborn)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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