OREANDA-NEWS The Russian Customs Subcommittee has decided to ban the export of grain crops and sugar to the countries of the Eurasian Economic Union (EAEU). The ban will last until August 31 and will affect wheat, meslin, rye, barley and corn, white and cane raw sugar. Earlier, Russia limited grain exports outside the EAEU with tariff quotas and duties. Since the Russian Federation is the main supplier of grain and produces more than it needs for its own consumption, such a ban can harm the country's economy.

The Russian Customs Sub-commission has imposed a temporary ban on the export of grain crops and sugar to the EAEU countries. This was reported on March 10 in the Ministry of Economic Development.

Industrialist and Chairman of the Council of the Chamber of Commerce and Industry (CCI) of the Russian Federation for Industrial Development and Competitiveness of the Russian Economy Konstantin Babkin said that in the current economic situation, the export ban is not the measure of support that is expected from the government.

"I think this is a wrong and erroneous step. On the contrary, it is necessary to instill confidence in the peasants that they need to produce a lot of grain, all of it will be sold, it will be delivered to China, the EAEU countries. Russia needs to be fed in these difficult conditions. And I think the ban is harmful, it will lead to a slowdown in agriculture, which is unacceptable in the current conditions," he said.