Russia Affirms Status as Reliable Trade Partner at SPIEF-2026
Russia remains reliable trade partner — Deputy PM
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During the St. Petersburg International Economic Forum (SPIEF-2026), Russian Deputy Prime Minister Dmitry Patrushev highlighted Russia's role as a dependable trade partner, noting significant increases in grain exports. He emphasized that Russia supplies around 20% of global wheat and plans to export 60 million tons of grain in 2026.
- 01Russia's grain exports have increased by one-third in monetary terms compared to the previous year.
- 02The country plans to supply 60 million tons of grain, including 50 million tons of wheat, to foreign markets in 2026.
- 03Russia accounts for approximately 20% of global wheat exports, with over 100 countries purchasing its grain.
- 04Support measures for exporters include concessional lending and transportation subsidies.
- 05The SPIEF-2026 theme is 'Pragmatic Dialogue: The Path to a Stable Future,' with Saudi Arabia as the guest country.
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At the St. Petersburg International Economic Forum (SPIEF-2026), Russian Deputy Prime Minister Dmitry Patrushev reaffirmed Russia's position as a reliable trade partner and stable supplier. He stated that despite global challenges, Russia's status remains unchanged, with over 100 countries purchasing its grain. Patrushev highlighted that Russia contributes around 20% of global wheat exports and expects to export 60 million tons of grain in 2026, including 50 million tons of wheat. He noted a one-third increase in grain export revenues and nearly doubled exports of barley and corn. To support this growth, the government is implementing measures such as concessional lending and transportation subsidies for export-oriented producers. The SPIEF-2026, taking place from June 3-6, focuses on creating a new model for global development amid economic transformations, featuring various forums and cultural events.
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The growth in grain exports is expected to positively affect Russia's agricultural sector and economy.
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