Source Pravda.Ru

President Gives Government Instructions To Increase Fund For Intervention On Grain Market

Russian Deputy Prime Minister and Minister of Agriculture Alexei Gordeyev announced at a Moscow press conference on Wednesday that President Putin had issued instructions to the government to increase the fund for financial intervention on the grain market to 6-7 billion rubles (more than 200 million dollars). The vice-premier said that the government would start work as a buyer and seller of grain at the end of October or the start of November. According to Gordeyev, the operations will be conducted on the Euroasian exchange. The minister stressed that the government was aiming to stabilise the price of grain and create reserves.