Game
Annual World News Day to be marked on Sept 28 to highlight importance of fact-based journalism
字号+ Author: Source:Game 2025-01-15 18:01:16 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
-
Fancy tax scheme
2025-01-15 16:27
-
Man killed over parking dispute, politician nominated
2025-01-15 15:39
-
Citizens chose economic policies over politics of chaos, says PM Shehbaz
2025-01-15 15:30
-
Life of the Constitution?
2025-01-15 15:15
User Reviews
Recommended Reads
Hot Information
- 85 more dengue patients surface
- Was led astray, Balochistan govt saved me: alleged suicide bomber
- 10pc cut in railways fare
- SHC reaffirms entire Karoonjhar range as protected heritage
- A close watch
- PHOTOS: Displaced Lebanese move to a beach in Beirut amid Israel’s incursion
- WATCH: Flares seen in Lebanon sky as Israel launches ground invasion
- Private gas producers to oppose hike in shipment tariff
- 20 Palestinians killed in Israeli attack in Khan Younis
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content