Russia. VTB thinking of the construction of grain terminals on the Black Sea

VTB Bank, which has been working on the establishment of a major player in the Russian grain market since summer 2018, plans to continue its expansion and does not rule out the construction of grain terminals on the Black Sea. VTB Bank is building a vertically integrated player in the grain market in order to expand Russia’s export capabilities. With this purpose, it has been actively buying Russian infrastructure assets since last year.

The bank is now in talks about the purchase of a 50% stake in a grain terminal in Taman, which is owned on a parity basis by Ukraine’s agroholding Kernel and the international trader Glencore, reports UkrAgroConsult.

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