OREANDA-NEWS  On 11 June was announced, that Chairman of the Board and CEO of Russian Agricultural Bank Yuri V. Trushin took part and delivered a speech at the World Grain Forum held in Saint-Petersburg, Russia.

In his speech Yuri V. Trushin outlined the main aspects and prospects of the grain sector development, as follows.

The Russian Federation is number four in the world in terms of grain export. It has comprehensive facilities for increase of grain output and export.

Russian Agricultural Bank provides financial support to domestic grain producers and related enterprises. The fifth part of its credit portfolio is extended for the development of grain production.

Russian Agricultural Bank is a state agent for the financing of grain purchase and commodity interventions as part of the price stabilization program of the state. Almost 10 million tons of grain produced in 2008 was bought from agricultural producers to the intervention fund for the total amount of RUR 50 billion.

RAB provides loans to agribusiness commodity producers for new equipment, modernization, restoration and increase of fertility of croplands.

Robust implementation of high technologies in the agribusiness will allow to increase average yield to 30-40 centner per ha in grain producing regions in the coming years.