PG Game
Lufthansa Group cancels flights to Tel Aviv, Tehran citing security situation
字号+ Author: Source:Game 2025-01-16 02:37:44 I want to comment(0)
MOSCOW: Two agriculture companies from Russia and Pakistan have signed barter deals to trade chickpe
MOSCOW: Two agriculture companies from Russia and Pakistan have signed barter deals to trade chickpeas and lentils from Russia in exchange for rice, mandarins and potatoes, Russia’s news agency reported on Tuesday. Grappling with payment issues due to Western sanctions over Russia’s invasion of Ukraine in February 2022, Moscow is pursuing barter deals that strip away the need for payment exchange, reduce the visibility Western countries have over its trade flows, and limit currency risk. Russian firm Astarta-Agrotrading agreed to supply 20,000 tonnes of chickpeas in exchange for 20,000 tonnes of rice from Pakistan’s Meskay & Femtee Trading Company, reported. Under another contract, Astarta agreed to supply 15,000 tonnes of chickpeas and 10,000 tonnes of lentils for 15,000 tonnes of mandarins and 10,000 tonnes of potatoes. The two companies did not immediately respond to requests for comment. “Russia and Pakistan are experiencing specific difficulties in carrying out mutual payments,” quoted a Pakistani official as saying on the sidelines of a Pakistan-Russia trade forum in Moscow. “Therefore, the two companies decided to launch a barter trade mechanism.” Payment issues are a particular issue for Russia with China, as bilateral trade soars. Sources told in August that the first agriculture barter deals between Russia and China would come this autumn. Russia’s economy ministry published a document in February advising Russian companies on how to conduct barter transactions and pointing out pitfalls to avoid. A source in payment markets told that barter deals with China were now taking place, but at the level of individual companies.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Reopened N-plant to power Microsoft
2025-01-16 01:10
-
Constitutional Package set for NA presentation in 1st week of October: Barrister Aqeel
2025-01-16 00:37
-
Far right wins Austria election, boosting European rightwing surge
2025-01-16 00:28
-
And audits for all
2025-01-15 23:57
User Reviews
Recommended Reads
Hot Information
- Iran calls for emergency UN Security Council meeting after Nasrallah killing
- Winner dog bites owner of losing canine
- 29 chlorination centres to be set up in Karachi to improve quality of potable water
- PTI announces new protest dates as Rawalpindi demonstrations end after clashes with police
- Alcaraz hopes Davis Cup finals won’t be Nadal’s ‘last dance’
- Pakistan calls for de-escalation, conflict resolution in Middle East
- A tragedy ignored
- Forever in fervour
- FOOTBALL: GLORY DAYS, PASS ME BY
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content