China lifts all restrictions on wheat imports from Russia — RT Business News


China is now fully open to deliveries of Russian wheat as all import restrictions have been lifted, the South China Morning Post reported, citing the country’s General Administration of Customs.

The announcement was made public on Thursday, hours after Russia began its military operation in Ukraine, the newspaper said, adding that the deal could provide a lifeline to the Russian economy as it faces a tough economic sanctions from the EU and the US, and at the same time responds to China’s need to improve its food security.

China previously restricted imports from Russia due to phytosanitary concerns, as a measure to control the spread of plant diseases. Earlier this month, during Russian President Vladimir Putin’s visit to Beijing, China agreed to allow imports from Russia.

READ MORE:
The Russian-Ukrainian crisis threatens the world’s food supply

The crisis in Ukraine propelled world wheat prices to record highs this week. Russia, the world’s largest wheat exporter, and Ukraine, nicknamed “the breadbasket of Europe”both account for almost a third of the world wheat export market.

China has declined to condemn Russia’s actions in Ukraine, instead calling on the parties to “exercise restraint” and accusing the United States of “fueling the fire” In the region.

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