The Finance Ministry intends, first of all, to stimulate the conclusion of export contracts in national currencies.
In 2018, Russia continued to reduce the exports of logs and increase the exports of lumber, according to Lesprom Network. The export volume of these products became almost equal, 19.03 million m3 (-2.1 percent) and 18.7 million m3 (+14.9 percent) respectively, according to the report of Russian forest-based industry in 2018.
Russia’s difficulty exporting its sugar could slow the expansion of the industry that’s seen a big transformation in the past two decades.
In the first two months of 2019, Turkey exported 697 thousand 577 tons of fresh fruits and vegetables to 100 countries and earned 365 million 662 thousand USD (around 326 million Euro). Russia ranked first among these countries, and Turkey earned 104 million 533 thousand USD (around 93 million Euro) from the exports to Russia.
Russian wheat export prices rose last week, supported by an increase in global benchmarks in Chicago and a strengthening of the rouble, analysts said on Monday.
Russia’s trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials.