Indonesia urged the G7 not to impose sanctions on fertilizers from Russia

The President of Indonesia said that it is impossible to restore global supply chains without Ukrainian grain and Russian food and fertilizers. He hopes that RUSSIAwill not extend restrictions on wheat exports

Indonesian President Joko Widodo, who attended the G7 summit in Bavaria as a guest, called on the leaders of the member countries to give guarantees that Russian food and fertilizers would be exempt from sanctions. He stated this at a meeting with Russian President Vladimir Putin in the Kremlin.

Widodo expressed hope that Russia would not extend restrictions on grain exports and would not introduce quotas restricting the supply of fertilizers (in March, the Russian Cabinet banned grain exports to the EAEU countries until June 30). “Efforts to restore global supply chains are not possible without the integration of Russian food and fertilizer supplies and Ukrainian grain supplies,” he said (quoted by Interfax).

Putin, for his part, said that although the West did not formally impose sanctions on Russian food and fertilizers, the restrictions fell on the owners of manufacturing companies, which "makes it difficult to conclude contracts, complicate financial transactions."

Putin announced the readiness of Russia and Belarus to saturate the markets with fertilizers Politics

The Russian president also believes that the supply of food and fertilizer to the world market is affected by restrictions on freight and ship insurance from Russia. According to him, Western countries "created such conditions that it became much more difficult to supply them to foreign markets."

Widodo spoke at the G7 summit on Tuesday, June 28. According to Indonesian Foreign Minister Retno Marsudi, he called on the leaders of the G7 countries to support the resumption of exports of wheat from Ukraine, as well as food and fertilizers from Russia. The President also discussed the issue of restoring the food supply chain at bilateral meetings with the leaders of India, France, CANADA, Germany, Great Britain, Japan and the European Union, Antaranews reports.

In response to the Russian military operation in Ukraine, Western countries have imposed several packages of sanctions against Moscow, which have exacerbated the problem of food supplies and mineral fertilizers. The Ministry of Industry and Trade warned in March about the risk of a collapse in the global fertilizer market.

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Putin believes that the current situation in the food market was provoked by “erroneous economic and financial policies” and Western sanctions . He pointed out that Moscow was ready to help resolve the global food crisis, and offered to increase the EXPORT of fertilizers and agricultural products in exchange for the lifting of sanctions. According to Putin, Russia and Belarus are ready to take all necessary actions to meet the needs of the markets, the two countries account for 15% of world trade and 25% for some types of fertilizers.