According to a report published on Tuesday by Russia’s TASS news agency, two agricultural businesses from Pakistan and Russia have agreed to barter rice, potatoes, and mandarins for the exchange of chickpeas and lentils from Russia.
Moscow is exploring barter agreements that eliminate the necessity for cash exchange, lessen the visibility Western nations have over its trade flows, and lower currency risk as a result of Western sanctions stemming from Russia’s invasion of Ukraine in February 2022.
According to TASS, Pakistan’s Meskay & Femtee Trading Company agreed to sell 20,000 tons of rice to Russian company Astarta-Agrotrading in return for 20,000 tons of chickpeas.
