Russia Imposes Ruble Restriction on Countries Buying Wheat and Sunflower Oil

Russia Imposes Ruble Restriction on Countries Buying Wheat and Sunflower Oil
A combine harvester gathers wheat in a field near the village of Hrebeni in Kyiv region, Ukraine, on July 17, 2020. Valentyn Ogirenko/Reuters
Naveen Athrappully
Updated:

Russia, facing sanctions from the West for its invasion of Ukraine, will now export grains to other nations only in exchange for rubles.

In addition to grains, the Russian government has added sunflower oil and extracted meal to the list of export items to be paid in rubles. A resolution to this effect was adopted on Friday. Russia is the largest exporter of wheat in the world and a major supplier of sunflower seeds.

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