'Russia is nowhere – it’s less than 2% of our agricultural exports that go there.' Moneyweb Agri Russia
As the geopolitical risks brought on by South Africa’s close ties with Russia stack up, nurturing trade relations with the EU and other key agricultural export markets is critical – or the country risks running at a loss, according to Wandile Sihlobo, chief economist of the Agricultural Business Chamber of South Africa.
Financing at risk too Last week, congressional representatives in the US wrote to President Joe Biden’s administration calling for punitive measures to be imposed on South Africa for its relationship with Russia. This is an indication that the country’s agricultural sector is headed for “troubled waters”, Agri SA CEO Christo van der Rheede told Moneyweb.
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