Russia: Draft Decree on Grain Transportation Subsidies
On September 12, 2018, the Russian government website dedicated to regulations published draft amendments to decree No. 1595 on the rules for providing grain transportation subsidies from the Federal Budget in 2017 and 2018. According to the new draft, five Russian provinces are approved to receive subsidies from the Federal Budget for the transportation of 200.6 TMT of wheat and barley. The measure is reportedly intended to stimulate grain shipments from the remote areas to the central part of Russia, removing excessive stock in these provinces, stabilize domestic grain prices, and support profit margins of agricultural producers.
