Russia Considers Ban on Farmer Bankruptcies Until Season's End
She said: 'We are now considering the possibility of implementing a moratorium on bankruptcy for farms for the season and retaining their status as agricultural producers, which, perhaps, could be characteristic for southern regions in connection with temporary difficulties in grain marketing.'
Consensus
- The Russian Ministry of Agriculture is reviewing a moratorium on bankruptcy for agricultural enterprises during the 2026/27 season.
- The moratorium aims to preserve the status of agricultural producers and support financial stability amid temporary grain sales difficulties.
- Export challenges in the Azov-Black Sea region are a key factor behind the proposed measures.
- Additional measures include subsidies for rail transport of grain and support for rerouting export flows via alternative routes.
- A moratorium on export duties on wheat, barley, and corn has been implemented starting September 1.
- The government is also considering extending preferential loans, leasing, grain purchase interventions, and per-hectare support for winter sowing.
Points of divergence
- The Ministry of Agriculture is preparing a proposal for a moratorium on the 'floating' export duty on wheat, barley, and corn to be implemented by the end of 2024. — vedomosti
- The moratorium on export duties on wheat, barley, corn, sunflower oil, and meal has already been implemented as of September 1, with a government decree expected soon. — interfax
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