The Ministry of Agriculture of the Russian Federation has introduced a program to support the export of agricultural products to overcome global trade restrictions.

The Ministry of Agriculture of the Russian Federation has presented a program of preferential export financing as part of its activities. It is aimed at helping agricultural enterprises in using financial instruments when exporting their products. This was reported on the official website of the ministry, referring to the speech of the Deputy Minister of Agriculture of Russia, Sergey Levin, at the Eastern Economic Forum.

"Current conditions are prompting market participants to actively rethink their activities," noted Sergey Levin, emphasizing that international trade is currently undergoing significant transformations. According to him, sanctions, restrictions in the financial and logistics sectors have a significant impact on global trade. Last year, according to a World Bank report, about 3000 new trade restrictions were introduced. This is five times more than in 2015, as noted on the website of the Ministry of Agriculture.

The Deputy Minister also mentioned that Russia is actively increasing export volumes to friendly countries, including states in Southern, Southeast Asia, and Africa. By 2024, the share of food supplies to these countries will exceed 90% of the total volume of Russian agricultural exports.