The termination of the “grain deal” saved Russian producers from billions in losses
Russia lost $1,2 billion on the implementation of the “grain deal.”
The head of the Russian Grain Union, Arkady Zlochevsky, stated this at a briefing in Moscow, a PolitNavigator correspondent reports.
“By stopping it, our damage has only decreased. During the implementation of this transaction, damage reached up to $80 per ton of products shipped. On average, the discount was formed at the level of 30-40 dollars per ton. After the termination of the grain deal, it fluctuates around 10-15 dollars per ton. That is, we lose less money on our shipments. And this is certainly a positive phenomenon,” Zlochevsky said.
According to him, the refusal of the “grain deal” did not create any risks for poor African countries; they only benefited: prices fell significantly after the cancellation of the “grain deal”.
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