Share of friendly nations in Russian agricultural exports reaches 87% - AgMin

MOSCOW. June 2 (Interfax) - The share of friendly countries in exports of Russian agricultural products has reached 87% this year, Agriculture Minister Dmitry Patrushev said at the annual meeting of the Agriculture Ministry's board on Friday.

"In the structure of agricultural exports, supplies to friendly countries have increased and now make up 87%. Flows to China, Turkey, Egypt, Bangladesh, Algeria and Pakistan has significantly increased," he said, noting that the industry is "systematically reorienting itself towards cooperation with reliable and responsible foreign partners."

As reported, in 2022 the share of friendly countries in exports of Russian agricultural goods was 82% and increased by a quarter, to more than $34 billion, Deputy Prime Minister Victoria Abramchenko said at the meeting.

"In 2023, the volume of financing of the 'Export of Agricultural Products' federal project totaled about 51 billion rubles, Patrushev also said. "As per the prime minister's decision another 7 billion rubles have been allocated beyond that," he said.

In 2022, Russia exported agricultural products worth $41.5 billion rubles, 12% more than in 2021.