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Cargo ships are docked in Ukraine’s Black Sea port of Odesa on Nov. 4, 2016. (File photo: Reuters/Valentyn Ogirenko)
Crops, Markets

As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions

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Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish
Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)
Crops

Fertilizer maker Yara says world faces extreme food supply shock

Sanctions cut global fertilizer supply 15 per cent, company says

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Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it
U.S. Secretary of State Antony Blinken listens to U.N. Secretary-General Antonio Guterres during a “Global Food Security Call to Action” meeting of foreign ministers at U.N. headquarters in New York on May 18, 2022. (Photo: Reuters/Eduardo Munoz)
Crops

U.N. chief in talks on restoring Ukraine grain exports

Contact made amid global food crisis

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United Nations | Reuters — U.N. Secretary-General Antonio Guterres said on Wednesday that he is in “intense contact” with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens. “I am hopeful, but there is still a way to go,” said
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets

Moscow retaliates against sanctions with export bans

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Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response
A Ukrainian couple embrace tearfully on the streets of Lviv, in western Ukraine, as they prepare to leave for the relative safety of nearby Poland Feb. 24, 2022.
News, Other

How the U.S. could tighten sanctions on Russia

Global powers, led by the U.S., are taking decisive economic action against aggressor

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Reuters – The United States on February 24 imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting major banks and members of the elite coupled with new export control measures. Washington warned that more action could follow and that all options are on the table. Here are some ways in which the
Adam Reid. (Photo courtesy Buhler Versatile)
Crops

Ag equipment firm Buhler Industries shakes up board table

Rostselmash's Babkin steps down, founder Buhler to retire

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Board oversight of Winnipeg farm equipment manufacturer Buhler Industries will now include another of the company’s upper managers, as a co-owner of the company’s Russian parent firm and the company’s founder both step down. Buhler’s board announced Wednesday it has accepted the resignation of Konstantin Babkin, the president and co-owner of Russian holding company Novoe
(Dave Bedard photo)
Crops, Other

Bunge says sanctions may have ‘adverse effect’ on Russian operations

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Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia
(Cummins.com)
Crops

Engine maker Cummins says expects ‘some impact’ in Russia

Deere says will abide by sanctions

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Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions.

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