Russia Takes Control of Major Grain Trading Company

The Russian government's property agency has taken control of all assets of a company that was recently the largest grain trading firm in the country. This significant move reflects the ongoing shifts in the agricultural sector and state regulations.


According to the state register on ownership, the agency of the government for property in Russia announced on Thursday that it had fully seized the assets of a company that until recently was the largest grain trading company in the country. This decision was made as part of efforts to increase control over the agricultural sector.

The press service of the agency indicated that the reorganization of the assets was necessary to ensure the stability of agriculture and to maintain food security in the country. Government representatives stated that this step contributes to better control over the production and distribution of grain, which is essential for maintaining the stability of the national market.

"This strategic decision is aimed at ensuring the reliability of grain supply and strengthening the national economy," noted a representative of the agency. "We will apply all efforts for the effective management of the new assets and the guaranteed supply quality of high-quality grain to the population," he added.

Experts in the field of agriculture expressed concerns about the potential consequences of such government control over key players in the agricultural sector. However, agency representatives assert that the new measure will be able to address the challenges facing the agricultural sector of the country and ensure long-term sustainability of grain production.