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Russia Pauses Grain Export Duty Amid Black Sea Disruptions

Bloomberg Markets •
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Russia suspended the floating export duty on wheat, barley and corn through the end of 2026 as Ukrainian attacks disrupted shipments through the Black and Azov seas, affecting routes for more than 70% of exports. The decision was made "given the need to restructure logistics," the Economy Ministry said in an emailed statement on Wednesday.

Russia will keep export duties on grain, including wheat, barley, and corn at zero until Dec. 31, while sunflower oil export duty will be frozen at August levels.