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Russia Eyes 2035 Grain Crop Boom

Drafts $70B investment plan

Russia 112721 1280

The Agriculture Ministry said on Tuesday it saw Russia’s grain crop rising as high as 150.3 million tonnes by 2035 in an “optimistic scenario” as it outlined a draft strategy to invest billions of dollars in grain infrastructure and logistics, reports Reuters.

The 2035 strategy, which has been sent to the government for discussion, would cost more than $70 billion in funds drawn from private investors, loans and government financing, the ministry said in a statement.

The proposal to ramp up investment in the sector comes as state-controlled VTB, Russia’s second-largest bank, has been buying grain export infrastructure assets.

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