November 23, 2024 | 03:13 GMT +7
November 23, 2024 | 03:13 GMT +7
Hotline: 0913.378.918
The Chinese government has confirmed that it solidified a deal scrapping import restrictions on wheat from Russia, announcing details of the agreement the same week Russian President Vladimir Putin launched an invasion of Ukraine.
Reuters first reported on Feb. 4 that China had lifted the restrictions on Russian wheat and barley as part of a broader group of new deals forged between the two allies during Putin's visit to Beijing at the launch of the Olympics – including a decades-long $117.5 billion agreement for Russia to export oil and gas to China.
But the Chinese government did not acknowledge the wheat deal until its General Administration of Customs made further details public in a notice dated Feb. 23, sparking outrage that the country led by President Xi Jinping was moving forward with a "lifeline" to Russia as other nations ramp up sanctions on the Kremlin in the wake of its attack on a sovereign country.
"You don’t go and give a lifeline to Russia in the middle of a period when they are invading another country," Australian Prime Minister Scott Morrison said Friday in a rebuke of China's move. "That is simply unacceptable."
Russia is the world's largest exporter of wheat, and previously faced restrictions on exports to China over plant disease concerns. Now, further exports from Russia means bad news for the current major wheat exporters to China, including Australia, the European Union and Canada.
The agreement is also a blow to American producers, as the U.S. has sought to ramp up its wheat exports to China.
(FoxNews)
(VAN) Israeli attacks have destroyed huge areas of land used for crops, with 90% of cattle killed, analysis shows.
(VAN) Interview with Manuel Barange, Director of FAO’s Fisheries and Aquaculture Division.
(VAN) Finances, politics and a cultural divide push the agriculture sector to the brink and stir up anger.
(VAN) Modest operations account for more than 90% of global food producers.
(VAN) The farmers' demonstration was best summed up in two images: real tractors being driven by farmers around Parliament Square, and beside them a collection of toy tractors being peddled around by their children.
(VAN) G20’s initiative is officially launched in Brazil. FAO will host the Global Alliance’s Support Mechanism.
(VAN) China has provided and mobilized more than 177 billion yuan of project funds since 2016 in support of other developing countries' climate response, the Xinhua News Agency reported.