The Ministry of Finance approves to conduct fertilizer and agricultural products transactions with Russia

Overseas Network, July 15th. According to the Wall Street Journal, the Ministry of Finance issued a statement on the 14th stating that the Foreign Asset Control Office of the Ministry of Finance has issued a general license to approve agricultural products, chemical fertilizers, seed materials, medicines and medicines and medicines, and Medical equipment -related transactions.

The Ministry of Finance explained that Russia's agriculture and medical fields are not the US sanctions targets and are listed in transactions involved, including human and animal foods, minerals and organic fertilizers, seeds, medicines and medical equipment for sowing.

Bloomberg said Russia is one of the main suppliers of global fertilizers. Recently, Russia and Ukraine's conflict and sanctions on Russia have caused a sharp decline in exports of Russia's fertilizers and soaring global food prices. The U.S. government has been secretly encouraging domestic agricultural and transportation companies to increase the procurement and transportation of Russia's fertilizers and find ways to promote the trade of fertilizer.

Since the special military operations against Ukraine, the United States and the European Union have continuously overweight sanctions on Russia, involving many fields such as energy, finance, and aviation. The Russian Ministry of Foreign Affairs warned that Western countries would be rejected by sanctions, disrupting the global supply chain, and leading to the food crisis. (Overseas Network Zhang Qi)

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