Russia considers ban on agrarian bankruptcies until 2027
The Russian Ministry of Agriculture is considering a moratorium on bankruptcy for agricultural producers until the end of the 2026/2027 agricultural season to address temporary difficulties in grain sales, particularly in southern regions, and to support export diversions due to disruptions in the Azov-Black Sea basin.
Consensus
- The Ministry of Agriculture of Russia is considering a moratorium on bankruptcy for agro-producers.
- The moratorium would last until the end of the 2026–2027 agricultural season (July–June).
- The measure aims to address temporary difficulties in grain realization, particularly in southern regions.
- The government is preparing measures to redirect export flows away from the Azov-Black Sea basin.
- Subsidies for rail transport of grain have been allocated and distributed, totaling 9.7 billion rubles.
- A moratorium on export duties on wheat, barley, and corn has been introduced since September 1.
- Export duties on sunflower oil and meal have been frozen at the August level.
- Proposals for extending preferential loans and lease financing are under consideration.
- The possibility of grain purchase interventions is being discussed, targeting southern regions with volumes of 1–3 million tons.
- The government is also considering hectare-based support for timely winter sowing.
Points of divergence
- Two sources familiar with the grain market reported that the Ministry of Agriculture is preparing a proposal for a moratorium on the 'floating' export duty on wheat, barley, and corn until the end of the year. — vedomosti
Coverage (3 sources)
- Ministry of Agriculture is working on a moratorium on the bankruptcy of farmers — Фонтанка
- Ministry of Agriculture will consider a moratorium on bankruptcy for farmers until the end of the season — Ведомости
- Ministry of Agriculture will work on the issue of a moratorium on the bankruptcy of farmers until the end of the season — Интерфакс