Moscow to organize grain exports under the state

08/1/2008 | Financial Times (free content)

The world's fifth-largest exporter of grain cereals is implementing a program to put nearly half the nation's grain supply under state control -- provoking fears that Moscow will use grain as a diplomatic weapon the same way that it has used Gazprom to pressure neighbors and rivals. Critics say the Agency for the Regulation of Food Markets, which could be implemented before the end of the year, would roll back one of Russia's more successful privatization programs since the fall of the Soviet Union.

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