Eurasian Economic Union countries restricting sunseed and soybean exports

In order to secure necessary stocks of goods at the time of an escalating sanitary and epidemiological situation, the Board of the Eurasian Economic Commission (EEC) adopted a decision on March 31, 2020 to provisionally ban exports of some food products, including sunflower seed and soybeans, from the Eurasian Economic Union countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia).

The ban is imposed until June 30, 2020. The decision of the EEC Board will come into force from April 12, 2020, UkrAgroConsult reports.

This season, roughly 90% of sunflower seed and soybean exports from Russia and 100% of those from Kazakhstan went outside the Union.

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