Russia plans to create an alternative agricultural platform within BRICS.
At the international economic forum in St. Petersburg, Russia presented its plan to create a grain exchange. The main goal of this project is to strengthen Russia's position in the global agricultural market and to circumvent the sanctions imposed against it.
“There are concerns that some participating countries may refrain from active participation due to the threat of sanctions and the possibility of losing access to markets”
The launch of such an exchange could significantly change the global agricultural market. However, there are also limitations: some countries may not be interested in this project due to the risks associated with Russia's influence on the market.
Russia plans to establish a grain exchange at the international economic forum in St. Petersburg with the aim of strengthening its position in the global agricultural market and circumventing Western sanctions. However, there is a possibility that some countries may refrain from participating in the project due to fears and risks associated with Russia's influence on global markets.
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